Roasted Coffee Market: Global Trends and Forecast

نشر بتاريخ 2024-08-16 04:44:13

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Roasted Coffee Market Size Was Valued at USD 42.8 Billion in 2022 and is Projected to Reach USD 66.84 Billion by 2030, Growing at a CAGR of 5.73% From 2023-2030.

The increase in the consumption of coffee is expected to boost the growth of the roasted coffee market going forward. Coffee refers to a beverage created from the roasted and ground seeds of the coffee plant through percolation, infusion, or decoction. Drinking coffee has positive effects on the liver, such as lowering levels of toxic liver enzymes, reducing the risk of dying from liver cirrhosis, and preventing liver scarring in hepatitis C patients, hence, the increase in the consumption of coffee is expected to boost the roasted coffee market. For instance, in March 2022, according to NCA (National Coffee Association), a US-based trade association, coffee consumption increased by about 14% from January 2021. Coffee is now consumed daily by 66% of Americans, more than any other beverage, including tap water. Therefore, the increase in the consumption of coffee is driving the growth of the roasted coffee market.

Key Prominent Players In The Roasted Coffee Market:

· Starbucks Corporation (USA)

· Nestlé SA (Switzerland)

· JAB Holding Company (Luxembourg)

· The JM Smucker Company (USA)

· Keurig Dr Pepper Inc. (USA)

· Dunkin' Brands Group, Inc. (USA)

· Lavazza Group (Italy)

· Tchibo GmbH (Germany)

· Illycaffè S.p.A. (Italy)

· Peet's Coffee (USA)

· Strauss Group Ltd. (Israel)

· Eight O'Clock Coffee Company (USA)

· Melitta Group (Germany)

· Segafredo Zanetti (Italy)

· Luigi Lavazza S.p.A. (Italy)

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Global Roasted Coffee Market Segmentation:

By Type

· Arabica

· Robusta

By Distribution Channel

· B2B

· B2C

· Hypermarkets & Supermarkets

· Convenience Stores

· Online

Geographic Segment Covered in the Report:

· North America (US, Canada, Mexico)

· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

· South America (Brazil, Argentina, Rest of SA)

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This study conducts a SWOT analysis to evaluate the strengths and weaknesses of key players in the Roasted Coffee market. Additionally, the report performs a complex inspection of drivers and restraints operating in the market. The report also evaluates the observed trends in the parent market along with macroeconomic indicators, dominant factors and market attractiveness in relation to other segments. The report forecasts the impact of various industry aspects on the Roasted Coffee market segments and regions.

Roasted Coffee Market Trend Analysis

Rising Coffee Consumption: Global coffee consumption continues to increase, fueled by changing lifestyles and growing urban populations.

Premiumization and Specialty Coffee: Consumers are increasingly seeking out high-quality, specialty coffees with unique flavor profiles, driving demand for premium roasted coffee beans.

Sustainability Focus: Consumers are becoming more conscious of environmental and social impacts, leading to increased demand for sustainably sourced and roasted coffee.

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