Coffee Market Size To Grow At A CAGR Of 6.2% In The Forecast Period Of 2024-2030
Coffee Market size was valued at US$ 129.92 Bn. in 2023 and Arabica is one of the dominating segments reviewed in the report is dominating Coffee Market.
Coffee Market Overview
Coffee is a top agricultural product worldwide. It supports millions of plantations and roasters. Young people love premium coffee due to higher incomes and improved lifestyles.?
Types of Coffee Beans
There are two main coffee bean types: Arabica and Robusta. Brazil produces the most Arabica coffee. Vietnam leads in Robusta coffee production. Arabica is known for its sweet, soft taste. Robusta has more caffeine and a stronger flavor.?
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Market Trends
Global coffee exports reached 10.61 million bags in 2023. Demand is rising worldwide. Coffee’s health benefits, like reducing diabetes risk, attract more consumers. Coffee shop chains like Starbucks and Café Coffee Day are expanding fast.?
Regional Insights
Europe: The largest coffee market, consuming 54,065 thousand coffee bags per year.
Asia-Pacific: The second biggest market with high demand in China, India, and the Philippines.
North America: Stable demand with 4,860 tonnes consumed in 2023.?
What’s Next?
Organic coffee and new flavors are gaining popularity. Coffee shops and companies are focusing on customer experience. The online sales of coffee have grown, especially since COVID-19. As life returns to normal, offline coffee shops are expected to recover.
Stay tuned for more coffee market updates!?
Recent News about coffee
14/10/2024 South Indian filter coffee secures second spot on TasteAtlas' list of top coffees worldwide
27/6/2024 Coffee exports rise as Europe braces for European Union Deforestation Regulation
13/8/2024 How are Yemen's Houthi rebels driving up coffee prices in Europe?
1/10/2024 Skoda Auto Partners with Indian Coffee Planters for European Markets
3/10/2024 Starbucks Invests In Future-Proof Coffee: New Farms In Latin America And Beyond To Tackle Climate Challenges
3/5/2024 China’s Cotti Coffee makes US debut with Hawaii store?
Coffee Market Segmentation
领英推荐
by Product????
Arabica
Robust
Others?
by Type?????????
Instant Coffee
Ground Coffee
Whole Grain
Others?
by Distribution Channel????
On-trade
Off-trade
Supermarkets/Hypermarkets
Convenience Stores
Specialist Retailers
Other Distribution Channels
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Coffee Market Key Players
Key Offerings:
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