The Europe coffee market size was valued at USD 44.31 Billion in 2022 and is likely to reach USD 62.85 Billion by 2031, expanding at a CAGR of 3.96% during the forecast period, 2023–2031. The growth of the market is attributed to the growing demand for licensed coffee products and acceptance of single-serve coffee brew methods by customers.
Coffee is a blended beverage prepared from roasted coffee beans and the seeds of berries from specific coffee species. The seeds are isolated to deliver a steady, raw compound unroasted green coffee. The seeds are then broiled, an interaction which changes them into a consumable compound, roasted coffee. It is then crushed into fine elements that are normally soaked with boiling water to produce coffee.
Coffee is dark color, bitter, marginally acidic, and has caffeine content. It is perhaps the most fam drink in the world and can be ready and introduced in various ways. It is generally served hot, despite the fact that chilled or chilled espresso is normal. Sugar, sugar substitutes, milk or cream are frequently used to diminish the harsh taste or upgrade the character.
The outbreak of COVID-19 pandemic has impacted the Europe coffee market. The pandemic has impact on restaurants, cafes, micro-roasters, and other outlets due to lockdown and social distancing. However, the relaxation is lockdown is likely to restore the European coffee market.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing demand for premium coffee is estimated to contribute to the market growth.
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Growing number of coffee bars and chains, small roasters, small local brands, and baristas across the region is anticipated to spur the growth of the market.
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Customer inclination over to smaller and more specialized coffee shops offering high-quality and specialty coffees is estimated to propel the market growth.
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The factors such as retail concentration and uncertainty in climate can hamper the market growth.
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Pricing issues and shifting consumer preferences is continue to give pressure on profit margins, which can create challenges for market growth.
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Rising social media awareness and reduced side-effects of coffee can create lucrative opportunities for the promised stakeholders in the industry.
Scope of the Report
The Europe coffee market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Coffee Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Product Types (Ground Coffee, Whole Bean, Coffee Pods & Capsules, and Instant Coffee) and Distribution Channels (On-trade and Off-trade [Convenience Stores, Supermarkets/Hypermarkets, Specialist Retailers, and Others])
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Geographical Scope
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The UK, Germany, France, Russia, Italy, Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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JAB Holding Company; Nestle S.A; Strauss Group Ltd.; Starbucks Corporation; and Tchibo
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Europe Coffee Market Segment Insights
Whole bean segment to grow at a rapid pace
Based on product types, the market is segregated into ground coffee, whole bean, coffee pods & capsules, and instant coffee. The whole bean segment is anticipated to grow at a steady rate during the forecast period. Whole beans can stay fresh over an extensive period of time. Various grinding methods of brewing whole bean are present in the market, which is fueling the segment growth. They are rich in antioxidants and nuanced flavor.
Specialist retailers segment to expand at a robust CAGR
On the basis of distribution channels, the market is classified as convenience stores, supermarkets/hypermarkets, specialist retailers, and others. The specialist retailers segment is projected to expand at a considerable CAGR during the forecast period due to growing inclination toward premium coffee and rising number of coffee bars & chains, and baristas. Specialist retailers in regions are important way to introduce high-value varieties to consumers.
Germany anticipated to constitute a key market share
Based on geography, the Europe ceramic coatings market is categorized as The UK, Germany, France, Russia, Italy, Spain and Rest of Europe. Germany is expected to constitute a key share of the market during the forecast period. Increasing number of population in Germany are consuming coffee at coffee shops, homes, and cafes, which is expanding the use of different types of coffee products in the country.
Segments
The Europe coffee market is segmented on the basis of:
Product Types
- Ground Coffee
- Whole Bean
- Coffee Pods & Capsules
- Instant Coffee
Distribution Channels
- On-trade
- Off-trade
- Convenience Stores
- Supermarkets/Hypermarkets
- Specialist Retailers
- Others
Geography
- The UK
- Germany
- France
- Russia
- Italy
- Spain
- Rest of Europe
Key Players
- JAB Holding Company
- Nestle S.A
- Strauss Group Ltd.
- Starbucks Corporation
- Tchibo
Competitive Landscape
The key players competing in the Europe coffee are JAB Holding Company; Nestle S.A; Strauss Group Ltd.; Starbucks Corporation; and Tchibo
In November 2018, Nestle S.A announced a 43 million investment in the manufacturing of two production lines in its industrial unit in Switzerland, Romont to achieve the growing demand for the versatile coffee system.
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