According to a recent market study published by Growth Market Reports, titled, “Global Coffee Market – by meat type, by product types, by grade, by distribution channel, by application, and by regions: Size, Share, Trends and Opportunity Analysis, 2018-2028”, the market was valued at US$ 33,234.0 Million in 2020 and is expected to grow at a moderate growth rate of 6.9% by the year 2028.
Rising consumption of coffee in all age groups, new brands of coffee are increasing loyalty and customer satisfaction, and increasing cafe culture, disposable income, urbanization, and foodservice outlets are expected to drive the market growth during the forecast period.
Coffee is the most consumed and popular brewed drink made from the seeds of Coffea species. Coffee is one of the world’s most widespread beverages, as it offers high levels of beneficial nutrients and antioxidants. Coffee increases energy levels and is beneficial for people feeling less tired, as it contains a stimulant called caffeine, which is the most commonly consumed psychotropic substance in the world. It is prepared and presented in numerous ways, and consumed hot and cold.
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The coffee trade and cultivation started on the Arabian Peninsula. Coffee was grown by the 15th century popular in the Yemeni district of Arabia and in the 16th century, it was known in Persia, Syria, Egypt, and Turkey. Coffee had grown into one of the world's most lucrative export crops, by the end of the 18th century. Coffee is the most wanted commodity, after crude oil in the world.
In November 2021, coffee prices were at an all-time high, as the monthly average of the ICO combined indicator price was US 195.17 cents/lb, a rise of 7.5% as associated with US 181.57 cents/lb in October 2021. These prices between 2021-2022 mark a steady and substantial recovery from the low levels experienced over the four previous coffee years.
Coffee is a popular beverage worldwide and its consumption is growing, particularly in non-traditional markets. Global coffee consumption is expected to increase, particularly in non-traditional coffee drinking countries in Asia, Africa, and Oceania. Demand in traditional markets is estimated to grow by 1% in Europe and by 2.5% in North America. Caffeine intake is high in the young adult age group due to the high consumption of energy drinks. Coffee consumption use rises in the US in recent years.
The global coffee market is fragmented based on product type, grade, distribution channel, application, and regions. In terms of product types, the coffee market is bifurcated into whole-bean, ground coffee, instant coffee, and coffee pods & capsules. On the basis of grade, the coffee market is segmented into arabica, robusta, specialty, and others.
In terms of distribution channels, the coffee sales market is bifurcated into chilled, frozen, canned. In terms of distribution, the coffee sales market is bifurcated into online and offline. The online segment is divided into e-commerce and company-owned portal. The offline segment is further divided into supermarkets/hypermarkets, coffee houses, departmental stores.
Based on application, the global coffee market is split into hot drinks, ready-to-drink coffee, flavored beverages, pharmaceuticals, other. The other segment is further into pastries, cookies, cupcakes, brownies, etc. Based on regions the global Coffee market has been fragmented into Europe, North America, Asia Pacific, Latin America, and Middle East & Africa.
The coffee market is projected to witness a slight increase in year-on-year growth for 2020 as compared to the previous year 2019. Regulatory bodies anticipated to play a key role in boosting the market are supporting the growth of the market in 2020. The Coffee market is growing at a significant pace due to the growing beverages and pharmaceuticals industry expected to fuel the market.
As per Growth Market Reports industry analyst Raksha Sharma, “The global Coffee market is anticipated to witness moderate growth during the forecast period 2020-2027. The Coffee market is registering growth opportunities across the globe, owing to the rise in Government’s funding to promote cash crop farming and increasing demand for organic coffee due to rising awareness regarding health”.
In terms of region, Europe is expected to hold a significant share in the market owing to the rise in the numbering of the working population and high coffee consumption. The market is negatively impacted due to pandemic, owing to restrictions and closure of global industries, cafes, restaurants, and retail businesses. Import and export of coffee, supply chain disruptions, large-scale manufacturing disruptions, due to closing of manufacturing plants. However, the market is expected to grow at a significant pace post-COVID.
The first quarter of 2020 was an unforeseen turning point for the coffee market. Supply chains were disturbed by COVID-19 outbreaks in major regions, thus reducing the demand for various products, due to uncertainty in the global economy. Certain discrepancies in production and supply chain created mild disruptions across some areas in the supply chain of the Coffee market.
However, after the second quadrant due to increasing product demand for industries has boosted market growth in 2020. Increasing production process in biological industry and increasing concern for health safety in multiple organizations boosted the consumption of chemical & biological protective coveralls in 2020.
Key Takeaways from the Study
- The players including include JDE Peet's, Nestlé, The J.M. Smucker Co., Starbucks Coffee Company., and Strauss Group. among others hold significant share of global Coffee market in year 2020.
- Europe is a key region of the market. It accounted for a market share of 35.5% in 2020. The regional market growth is owing to the presence of prominent market players in and across the region. Additionally, the factors such as the growing import/export of the coffee beans in the region is expected to foster regional market growth and development.
- In terms of product type, the whole-bean segment is projected to expand at a considerable CAGR during the forecast period, as it has a longer shelf-life than ground coffee. Since the beans are complete, fewer volatile flavor oils are leaked into the air during storage. Whole-beans need to be crushed before brewing, which involves the usage of a grinder or coffee machine.
Report Scope
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Report Metric |
Details |
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Market Value in 2020 |
US$ 33,234.0 Million |
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Market Growth Rate (from 2020 to 2028) |
6.9% |
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Historical Data |
2018, & 2019 |
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Base Year |
2020 |
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Forecast Period |
2021 - 2028 |
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Units Considered |
Value (US$ Million) |
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Market Segments |
Product Type, Grade, Distribution Channels, Application, and Regions |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key Companies Profiled |
F. Gaviña and Sons, Inc., H.J. Heinz Company Brands LLC, JDE Peet's, KAPAL API GLOBAL, Keurig Dr Pepper Inc., Leo Coffee, Matthew Algie & Company Ltd, MKC Food Products |
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Customization Scope |
Report customization available on request |
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Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Target Audience
- Supply-side: Manufacturers, raw material suppliers, and distributors
- Demand Side: Retail and food services
- Regulatory Side: Concerned government authorities, and other regulatory bodie such as Food Safety Modernization Act (FSMA), The U.S. Food & Drug Administration (FDA), Canadian Food Inspection Agency (CFIA), National Coffee Association, Food Safety and Standards Authority of India, and others.