PUBLISHER: The Business Research Company | PRODUCT CODE: 1409271
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409271
“Caffeinated Roasted Coffee Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on caffeinated roasted coffee market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for caffeinated roasted coffee? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The caffeinated roasted coffee market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Caffeinated roasted coffee is a variety of coffee made from roasted coffee beans that naturally contain caffeine, a stimulant renowned for enhancing alertness and reducing fatigue.
The primary types of caffeinated roasted coffee include Arabica and Robusta. Arabica denotes coffee produced from roasted beans of the Coffee arabica plant. These products are distributed through both offline and online channels, catering to establishments such as cafes, bars, hotels, restaurants, and other related outlets.
The caffeinated roasted coffee market research report is one of a series of new reports from The Business Research Company that provides caffeinated roasted coffee market statistics, including caffeinated roasted coffee industry global market size, regional shares, competitors with caffeinated roasted coffee market share, detailed caffeinated roasted coffee market segments, market trends, and opportunities, and any further data you may need to thrive in the caffeinated roasted coffee industry. This caffeinated roasted coffee market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The caffeinated roasted coffee market size has grown strongly in recent years. It will grow from $34.79 billion in 2023 to $37.41 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth observed in the historical period within the caffeinated roasted coffee industry can be attributed to various factors, including cultural and social trends shaping consumption patterns, evolving consumer preferences, the impact of globalization and increased trade, effective marketing strategies and branding efforts, as well as shifts in lifestyle choices influencing coffee consumption habits.
The caffeinated roasted coffee market size is expected to see strong growth in the next few years. It will grow to $48.47 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. Anticipated growth in the upcoming period within the caffeinated roasted coffee industry can be linked to several key factors, notably the focus on sustainability and ethical sourcing practices, the influence of health and wellness trends, ongoing innovations in coffee product offerings, the rise of e-commerce and online retail platforms, and the trend towards premiumization and specialty coffee products. Major trends expected in the forecast period encompass health-conscious coffee consumption trends, the integration of artificial intelligence in coffee production processes, the impact of cultural influences on coffee flavors, advancements in packaging innovations, and the emergence of coffee tourism and experiential marketing approaches within the industry.
The caffeinated roasted coffee market is experiencing significant growth, driven by the increasing popularity of coffee among millennials. Millennials, typically aged between 25 and 39 years, are influencing coffee consumption patterns through a preference for alternative health options, a demand for higher-quality coffee offerings, and a focus on convenience. According to the National Coffee Data Trends (NCDT) Fall Report published by the National Coffee Association in 2021, 65% of total coffee consumption was attributed to millennials. Notably, 49% of individuals in the 25-to-39 age group increased their consumption of specialty coffee, contributing to the growth of the specialty coffee segment. The rising affinity for coffee among millennials is a key driver propelling the growth of the caffeinated roasted coffee market.
Anticipated growth in the restaurant industry is poised to further fuel the expansion of the caffeinated roasted coffee market. Restaurants, as social spaces for people to gather and enjoy culinary experiences, play a crucial role in meeting the increasing demand for high-quality coffee experiences. Caffeinated roasted coffee is a staple in restaurants, offering consumers a range of options such as espresso-based drinks, brewed coffee, and specialty blends. According to The Chef's Store in July 2023, the US witnessed a 2.4% increase in Mexican restaurant establishments in 2021, totaling 49,365 establishments. This growth in restaurant demand is expected to drive the caffeinated roasted coffee market forward.
Technological advancements are emerging as a prominent trend in the caffeinated roasted coffee market, with major companies introducing innovative products through new technologies. In February 2022, Bellwether Coffee, a US-based coffee roasting tech company, launched its Series 2 Bellwether Automated Roasting System. This next-generation automated coffee roasting system incorporates zero-emission technology, eliminating the need for gas lines or ventilation. The system, characterized by enhanced efficiency and user-friendliness, boasts 50% more roasting capacity, a 24-inch touchscreen, and an online marketplace. This technological innovation reflects the industry's commitment to sustainability, efficiency, and product quality in the caffeinated roasted coffee market.
Prominent companies in the caffeinated roasted coffee market are strategically focusing on product innovation to gain a competitive edge, exemplified by the introduction of premium products such as Sonnets. Sonnets represent a premium roast and ground coffee with caffeine, catering to the preferences of coffee enthusiasts. Tata Consumer Products, an Indian-based consumer goods company, launched Sonnets in June 2021. These uniquely processed and high-quality Arabica beans roasted to perfection provide various blends and flavors, including Dark Chocolate, Caramel, and Toasted Nuts. Sonnets is available in Arabica Red Honey, featuring a medium roast, and dark roast French Press grinds coffee. This product innovation aligns with the market's emphasis on offering diverse and high-quality options to meet the evolving tastes of consumers.
In January 2021, Stonewall Kitchen, a US-based specialty food producer, undertook a strategic acquisition by acquiring Vermont Coffee Company for an undisclosed amount. This acquisition is part of Stonewall Kitchen's broader objective to expand its product offerings by introducing high-quality and premium coffee products tailored for specific customer segments. Vermont Coffee Company, the acquired entity, is a US-based organic coffee roaster specializing in blending high-quality certified organic Arabica coffee. This strategic move reinforces Stonewall Kitchen's commitment to providing premium coffee products and expanding its presence in the specialty coffee market, leveraging the expertise and offerings of Vermont Coffee Company. The focus on product innovation and strategic acquisitions underscores the commitment of major companies to staying at the forefront of the evolving caffeinated roasted coffee market.
Major companies operating in the caffeinated roasted coffee market report are Nestle SA, The J.M. Smucker Company, Luigi Lavazza SPA, Starbucks Corporation, JDE Peets NV, Massimo Zanetti Beverage Group SpA, Strauss Coffee BV, Ajinomoto AGF Inc., Bewleys Limited, Keurig Green Mountain Inc., Fresh Roasted Coffee LLC, Heinz Company Brands LLC, Graffeo Coffee Roasting, UCC Ueshima Coffee Co. Ltd., Folger Coffee Company, Dunkin' Brands Group Inc., Lavazza SpA, Tchibo GmbH, Eight O'Clock Coffee Company, Melitta Group Management GmbH & Co. KG, Tata Global Beverages Limited, Peet's Coffee & Tea Inc., Coffee Beanery Ltd., Coffee Holding Co. Inc., Farmer Bros. Co., Tres Coracoes Alimentos S.A., Trung Nguyen Group Corp., Coffee Day Enterprises Limited, The Kraft Heinz Company, Ethiopian Coffee and Tea Authority .
Europe was the largest region in the caffeinated roasted coffee market in 2023. Asia-Pacific is expected to be the caffeinated roasted coffee market report during the fastest-growing region in the forecast period. The regions covered in the caffeinated roasted coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the caffeinated roasted coffee market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The caffeinated roasted coffee market consists of sales of dark roast coffee beans, light roast coffee beans, ground coffee beans, whole coffee beans and coffee pads and pods. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.