According to a new report by Expert Market Research titled, “Global Coffee Market Share, Size, Report and Forecast 2024-2032″, the global coffee market size is projected to grow at a CAGR of 6.4% between 2024 and 2032. Aided by the growing global demand for coffee and its diverse applications, the market is expected to grow significantly by 2032.
Coffee, one of the world’s most beloved beverages, is cherished for its flavour, aroma, and stimulating properties. It is a staple in various cultures and an integral part of the daily routine for millions of people. The market’s growth is fuelled by a blend of tradition, innovation, and the evolving preferences of consumers globally.
One of the primary drivers of the coffee market growth is the increasing consumer inclination towards speciality and premium coffee. The rise of the third-wave coffee movement, which emphasises high-quality beans, sustainable sourcing, and artisanal brewing methods, has significantly influenced consumer preferences, leading to a surge in demand for speciality coffee across the world.
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The coffee market also benefits from the growing trend of café culture globally. The proliferation of coffee shops and cafes, especially in urban areas, has not only provided consumers with spaces for socialisation and work but has also played a critical role in popularising various coffee beverages and brewing techniques.
Another key factor contributing to the market’s growth is the rising demand for convenient coffee options, such as single-serve pods and instant coffee. As per the coffee market analysis, this trend is particularly pronounced in busy urban settings, where time-constrained consumers seek quick and easy ways to enjoy their daily coffee.
Innovations in coffee products and packaging have also driven the global market forward. The development of flavoured coffees, cold brews, and ready-to-drink (RTD) coffee beverages caters to the diverse tastes and preferences of consumers, further expanding the market’s reach.
The health and wellness trend has also propelled the coffee market demand. The increasing awareness of the health benefits associated with moderate coffee consumption such as improved cognitive function and reduced risk of certain diseases has bolstered the market. Additionally, the introduction of organic and fair-trade coffee caters to health-conscious and ethically-minded consumers.
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Market Segmentation
The market can be divided based on product type, end use, distribution channel, and region.
Market Breakup by Product Type
• Whole-Bean
• Ground Coffee
• Instant Coffee
• Coffee Pods and Capsules
Market Breakup by End Use
• HoReCa
• Retail
Market Breakup by Distribution Channel
• Supermarkets and Hypermarkets
• Convenience Stores
• Speciality Stores
• Online
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global coffee market. Some of the major players explored in the report by Expert Market Research are as follows:
• Nestlé S.A.
• The Kraft Heinz Company
• Starbucks Corporation
• The J. M. Smucker Company
• JAB Holding Company
• Strauss Coffee BV
• LUIGI LAVAZZA SPA
• Tata Consumer Products Limited
• UCC Europe Limited
• Gloria Jean’s Gourmet Coffees Corp.
• Unilever plc
• Panera Brands
• Nero Holdings Limited
• Coffee Beanery
• Swmabhan Commerce Private Limited (RAGE Coffee)
• International Coffee & Tea, LLC
• BEVZILLA PRIVATE LIMITED
• Others
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