What is the global market size of Roasted Coffee Market?

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).

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 News

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.

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Global Roasted Coffee Market size was valued at USD 40.4 billion in 2022 and is poised to grow from USD 42.7 billion in 2023 to USD 66.4 billion by 2031, growing at a CAGR of 5.7% in the forecast period (2024-2031).

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. '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.'

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.

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.

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.

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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

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