Coffee Market Forecasted to Reach US$ 53.5 Billion by 2033

The global coffee market is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) of 4.6% over the next decade, ultimately reaching a market value of US$ 53.5 billion by the conclusion of 2033. As of now, the market stands at a valuation of US$ 34.1 billion.

Coffee has consistently maintained its popularity worldwide, owing to its extensive utilization across various industry sectors and its increasing consumption in emerging economies. This enduring appeal is expected to further intensify in the coming years. Prospective global coffee consumption is anticipated to receive a boost from collaborative efforts undertaken by governments and nonprofit organizations aimed at bolstering coffee farming.

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"Increasing Appetite for On-the-Go Coffee Experiences"

Traditionally, coffee was predominantly enjoyed as a hot beverage, but innovative strides have expanded its consumption options, including cold brews and instant coffee. The surging global demand for ready-to-drink beverages is reshaping the coffee landscape on a worldwide scale, presenting fresh opportunities for both emerging and established coffee producers.

In April 2022, Lavazza, an Italian coffee pioneer, introduced its range of ready-to-drink coffee products to the U.S. market. Crafted from USDA-certified organic Arabica coffee beans, these products are available in four distinct styles.

In November 2022, Starbucks, the renowned American coffeehouse chain with a global presence, unveiled its latest line of ready-to-drink iced coffee beverages. These beverages result from a collaborative effort between Starbucks and Nestlé, offering consumers convenient, flavorful coffee options wherever they go.

Competitive Landscape:

Leading coffee providers are focusing on launching new products that help them advance their business potential and boost revenue generation potential.

• In December 2022, Chamberlain Coffee, a renowned coffee lifestyle brand founded by Emma Chamberlain announced the launch of new Coffee Pods. The new pods have a casing that is commercially compostable and is made from Chamberlain Coffee’s Original Family Blend.

The expansion of several coffee chains across the world owing to the rising popularity of products such as iced lattes, cold coffee, French press coffee, etc. is also projected to create new developments in the global coffee marketplace.

• In December 2022, Luckin Coffee, a Chinese beverage chain announced the launch of its new round of partner recruitment to expand its network of franchised stores in China. The initiative covers 41 urban areas and 9 provinces that are mainly situated in third and fourth-tier cities.
• In December 2022, UK-based coffee chain, Costa Coffee announced that it would be opening its first store in Pakistan by partnering with its current franchisee Gerry’s Group. The store was planned to open in Lahore before the end of 2022 and another one is expected to be opened in Karachi in 2023.

Key Segments Covered in Coffee Industry Research:

·         By Grade :

• Arabica
• Robusta
• Specialty
• Others

·         By Application :

• Hot Drinks
• Ready-to-Drink Coffee
• Flavored Beverages
• Food & Beverage Flavors
• Nutraceuticals
• Pharmaceuticals
• Cosmetics
• Other Applications

·         By Sales Channel :

• Supermarkets/Hypermarkets
• e-Commerce
• Coffee Houses
• Traditional Grocery Stores
• Other Retail Formats

·         By Region :

• North America
• Latin America
• Europe
• APAC
• MEA

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How will be insights and market estimations provided in the Fact.MR report on the Demand Coffee make a difference?

• The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
• The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
• The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
• Provides scrutiny of the industry trends that have shaped recent government policies
• Provides an account of major breakthroughs in all segments that might change the course of the market considerably
• Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
• Evaluates the role of various stages of funding on new growth avenues in key regional markets

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