The global coffee market is projected to grow at a CAGR of around 5% during the forecast period. The key factors that drive the growth of the market include the increasingly urban and young population pool entering the middle-class segment, which surges the consumption of coffee and caffeine-based products. Besides, this pool is also willing to pay for premium products; thereby, influencing the overall value of the coffee market.
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Whereas, in developed economies, such as in the US, shifting trend of consumers towards premiumization and branded on-the-go beverages have augmented the market over the forecast period. Moreover, health benefits offered by coffee such as it aids in the prevention of Parkinson’s disease, gastrointestinal cancer, lung cancer, and breast cancer is reinforcing the growth of the market in developed economies. Other uses include treatment of headache, low blood pressure, obesity, and attention deficit-hyperactivity disorder (ADHD). Rectally, coffee is used as an enema to treat cancer. Thus, this is likely to flourish the market growth during the forecast period.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Coffee Market – Segmentation
By Product Type
- Whole-Bean
- Ground Coffee
- Instant Coffee
- Coffee Pods and Capsules
By Distribution Channel
- On-Trade
- Off-Trade
By Application
- Hot Drinks Coffee
- Ready to Drink Coffee
- Flavored Beverage Coffee
- Others
Global Coffee Market – Segmentation by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global coffee market. Based on the availability of data, information related to products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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