Report ID: SQMIG30G2020
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 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.
Roasted Coffee Market Report Snapshots
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