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

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 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.