USD 40.4 billion
Roasted Coffee Market Size, Share, Growth Analysis, By Type(Arabica and Robusta), By Distribution Channel(B2B and B2C (Hypermarkets & Supermarkets, Convenience Stores, Online)), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30G2020 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
61
|Figures:
75
Roasted Coffee Market Insights
Global Roasted Coffee Market size was valued at USD 40.4 billion in 2021 and is poised to grow from USD 42.7 billion in 2022 to USD 66.4 billion by 2030, growing at a CAGR of 5.7% in the forecast period (2023-2030).
The connected health benefits of coffee, including lowering the risk of diabetes, lowering the risk of Alzheimer's and Parkinson's, preventing heart failure, promoting the health of the liver and stomach, among others, have led to a significant increase in consumption across all age groups. Additionally, the preference of Gen Z and millennials in emerging nations for coffee over other beverages is boosting market growth during the forecast Period
One of the most widely consumed beverages in the world, coffee consumption is increasing, which is boosting market expansion. According to a consumer survey conducted by the National Coffee Association (NCA) (U.S.) in March 2022, daily coffee consumption in the U.S. has climbed by 14% from 2021 to reach 66% of the population. Additionally, 517 million cups of coffee are consumed daily in the United States, according to the same report. Additionally, due to shifting work schedules, product innovation, and coffee consumption as a social activity, the younger generation is consuming more coffee, which is anticipated to further support the expansion of the roasted coffee market.
The proliferation of coffee shops and the growing attraction of going there is driving more use and consumption of roasted coffee, which is boosting market growth. As of 2022, there will be about 65,410 coffee shops in the United States, according to the National Coffee Data. Over the course of the projected period, it is also anticipated that the rising number of coffee retail chains and their expanding international presence will further propel market expansion. For instance, one of the top brands, Starbucks Coffee firm, is present in around 80 countries and runs about 35,711 places that are both licensed and owned by the firm.
Global coffee consumption has been boosted by consumers' rising favorable preferences and demand for fresh coffee. Further boosting market expansion is the increase in coffee output to suit the rising consumer demand around the world. Coffee that has been roasted is greatly affected by light, heat, moisture, and oxygen, which results in a loss of flavor and aroma. Because of this, the product has a shorter shelf life, which is anticipated to hinder market growth during the projection period. However, different competitors are taking different actions to combat such issues, such as freezing the beans and packaging the product in nitrogen-sealed packages to prolong their shelf life. Additionally, it is anticipated that the increasing number of product releases by different industry competitors will support market expansion.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
B2B
Fastest Growth
B2B
Growth Rate
5.7% CAGR
Global Roasted Coffee Market 2022-2030 ($ Bn)
Country Share for Europe Region- 2022 (%)
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Roasted Coffee Market Segmental Analysis
Global Roasted Coffee Market is segmented based on Type, Distribution Channel and region. Based on Type the market is segmented into Arabica and Robusta. Based on Distribution Channel the market is segmented into B2B and B2C (Hypermarkets & Supermarkets, Convenience Stores, Online). Based on region the global Roasted Coffee Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
In 2022, the arabica category dominated the market with a share of over 55%, and it is anticipated that it will continue to be the market leader during the forecast period. The segment's significant global production and consumption are responsible for its high market share. The International Coffee Organization said that roughly 168 million bags of arabica, each weighing 60 kg, were produced worldwide in 2019. Coffee experts and amateurs alike adore Arabica because it has the sweetest and most flavorful beans of any variety. Additionally, arabica has a mild and delicate flavor and contains less caffeine, which leads to its widespread use and the segment's growth.
The robusta market is anticipated to grow at a faster CAGR of 5.5% between 2023 and 2030. One of the main factors influencing the segment's faster expansion in the upcoming years is the rising consumption of robusta due to its intense and robust flavor. Additionally, robusta has a higher caffeine concentration than arabica, which is why people who enjoy caffeine are drinking more of it. Additionally, robusta farming is simpler, produces a greater yield, and its global production is expanding, all of which are driving the segment's expansion throughout the projection period.
Analysis by Distribution Channel
The B2B category is anticipated to expand substantially at a CAGR of 5.5% from 2023 to 2030, having a commanding share of more than 50% in 2022. The product's predominate use in cafes and restaurants explains the larger segment share. The product is selling more over the globe as a result of the rise in cafés and coffee shops. Additionally, roasted coffee is widely provided by many hospitality-related businesses, such as hotels, restaurants, and others, which is expected to grow the industry in the years to come.
Global Roasted Coffee Market By Distribution Channel 2022 (%)
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Roasted Coffee Market Regional Insights
Europe dominated the market in 2022 with a market share of over 30% and is expected to expand at a remarkable CAGR of 5.5% during the projected period. Europe is where the majority of the world's coffee is consumed. According to a study by the Centre for the Promotion of Imports from Developing Countries, 54 million bags of coffee, each weighing 60 kg, or about 32% of the world's total production, were consumed in Europe in 2021. (CBI). The region is expanding as a result of the substantial demand for roasted coffee and the rising popularity of both robusta and arabica coffee among consumers.
Asia Pacific is anticipated to have the fastest CAGR of 6.6% between 2023 and 2030. A significant driver of business growth in the area is the consumers' strong preference for brewing coffee at home. According to a study from the International Trade Centre, Japan is one of the top consumers of coffee in the region in 2019. The market is also expanding as a result of rising product demand and consumption driven on by quick urbanization and westernized lifestyles. The International Coffee Organization stated that coffee consumption in Asia increased by 0.5% over the preceding five years.
Global Roasted Coffee Market By Geography, 2022-2030
- Largest
- Fastest
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Roasted Coffee Market Dynamics
Drivers
Increasing Demand for High-Quality Coffee to Bolster Market Growth
- The growing preference for premium and specialty coffee among consumers is driving the growth of the roasted coffee market. Consumers are willing to pay a premium for high-quality coffee that is sustainably sourced, roasted to perfection, and brewed to their taste.
Restraints
Volatility in Coffee Prices to Hinder Market Growth
- The price of coffee beans is subject to fluctuations, which can impact the profitability of coffee roasters. Changes in weather patterns, political instability, and other factors can cause the price of coffee to rise or fall.
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Roasted Coffee Market Competitive Landscape
The major players in the market are taking a variety of actions to strengthen their position in the industry. These actions involve techniques like joint ventures, mergers and acquisitions, the creation and introduction of new products, international expansion, and others.
Top Player’s Company Profiles
- Nestle S.A.
- J.M. Smucker Company
- Starbucks Corporation
- The Kraft Heinz Company
- Tata Consumer Products Limited
- Dunkin' Brands Group, Inc.
- Luigi Lavazza S.p.A.
- Tchibo Coffee International Ltd.
- Massimo Zanetti Beverage Group S.p.A.
- Strauss Group Ltd.
- Coffee Bean & Tea Leaf
- Keurig Dr Pepper Inc.
- Melitta Group
- Jacobs Douwe Egberts B.V.
- Trung Nguyen Group Corp.
- Strauss Coffee B.V.
- Illycaffè S.p.A.
- Hawaiian Isles Kona Coffee Co.
- Mother Parkers Tea & Coffee Inc.
- Death Wish Coffee Co.
Recent Developments
- In August 2022, FairWave, a collection of specialty coffee businesses with headquarters in Kansas City, Missouri, acquired Up Coffee Roasters, a Minneapolis-based company, to help spread the word about high-quality coffee in the neighborhood.
- In July 2022, Specialty coffee roaster Iron & Fire unveiled a brand-new website designed exclusively for wholesale clients. Since its reopening, Iron & Fire has grown tremendously, supplying coffee shops, bar chains, restaurants, garden centers, hotels, and other venues.
Roasted Coffee Key Market Trends
- Rising Demand for Specialty Coffee: Specialty coffee is becoming increasingly popular among consumers, and this trend is expected to continue in the coming years. Consumers are willing to pay a premium for high-quality coffee that is sustainably sourced, ethically produced, and offers a unique taste experience.
- Increasing Popularity of Online Sales: Online sales of roasted coffee are growing at a rapid pace, driven by the convenience and ease of shopping online. Many small roasters are leveraging online sales channels to expand their customer base and compete with larger brands.
- Emergence of Single-Origin Coffee: Single-origin coffee is gaining popularity among consumers, who are looking for unique and distinctive flavor profiles. Single-origin coffee is sourced from a single geographic location, which gives it a unique taste and aroma.
- Growing Interest in Cold Brew Coffee: Due to its smooth and less bitter flavor, cold brew coffee is growing in popularity with customers. Coffee grounds are steeped in cold water for a long time to create cold brew coffee, which produces a less acidic and bitter beverage.
Roasted Coffee Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Roasted Coffee market is the growing preference for premium and specialty coffee among consumers is driving the growth of the roasted coffee market. Consumers are willing to pay a premium for high-quality coffee that is sustainably sourced, roasted to perfection, and brewed to their taste. The connected health benefits of coffee, including lowering the risk of diabetes, lowering the risk of Alzheimer's and Parkinson's, preventing heart failure, promoting the health of the liver and stomach, among others, have led to a significant increase in consumption across all age groups. Additionally, the preference of Gen Z and millennials in emerging nations for coffee over other beverages is boosting market growth during the forecast Period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 40.4 billion |
| Market size value in 2031 | USD 66.4 billion |
| Growth Rate | 5.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Roasted Coffee Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Roasted Coffee Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Roasted Coffee Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Roasted Coffee Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Roasted Coffee Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Roasted Coffee Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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