PUBLISHER: The Business Research Company | PRODUCT CODE: 1409774
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409774
“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 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 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 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.
Roasted coffee denotes coffee beans that have undergone roasting to enhance specific characteristics. It is rich in vitamins, minerals, and antioxidants, offering potential benefits in preventing cell damage and reducing the risk of serious illnesses such as cancer and heart disease.
The primary types of roasted coffees include arabica and robusta. Arabica refers to coffee originating from the plant species Coffea arabica, whether in bean form, as a cup of prepared coffee, or as a plant. These are distributed through channels such as B2B (business-to-business) and B2C (business-to-consumer), finding applications in convenience stores, foodservice establishments, restaurants, and online retail.
The roasted coffee market research report is one of a series of new reports from The Business Research Company that provides roasted coffee market statistics, including roasted coffee industry global market size, regional shares, competitors with a roasted coffee market share, detailed roasted coffee market segments, market trends and opportunities, and any further data you may need to thrive in the roasted coffee industry. This roasted coffee market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The roasted coffee market size has grown strongly in recent years. It will grow from $37.42 billion in 2023 to $40.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion observed in the historical period can be attributed to the proliferation of coffee shop culture, the rise of premiumization trends, a growing awareness of diverse coffee varieties, changing consumer tastes and preferences, and a heightened focus on sustainability and ethical sourcing.
The roasted coffee market size is expected to see strong growth in the next few years. It will grow to $52.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The anticipated growth in the forecast period can be attributed to the sustained ascent of specialty coffee, a rising demand for ready-to-drink coffee products, a focus on single-origin and micro-lot coffees, health and wellness trends, and innovations in roasting techniques. Major trends expected during the forecast period encompass a heightened emphasis on sustainable and ethical sourcing, the digitalization of coffee retail, the influence of global economic trends, technological advancements in roasting equipment, and the prevalence of online sales and subscription models.
The anticipated growth of the roasted coffee market is expected to be driven by the increasing consumption of coffee. Coffee, a beverage made from roasted and ground coffee plant seeds, has been associated with positive effects on liver health, including lowering toxic enzyme levels and reducing the risk of liver cirrhosis. In March 2022, the National Coffee Association (NCA) reported a 14% increase in coffee consumption from January 2021, with 66% of Americans now consuming coffee daily, surpassing other beverages, including tap water. This surge in coffee consumption is a key driver propelling the growth of the roasted coffee market.
The rising preference for clean-label products is poised to contribute significantly to the growth of the roasted coffee market. Clean-label products are characterized by transparent and easily understandable ingredient lists, avoiding artificial additives and chemicals. The increasing demand for minimally processed and naturally sourced roasted coffee aligns with the preferences of health-conscious consumers seeking transparency in their food and beverage choices. This consumer shift towards clean-label coffee products, free from artificial additives, is in line with the prevailing wellness trend, influencing a broad consumer base. As per the International Food Information Council (IFIC) in June 2021, 64% of US adults opt for foods with clean-label ingredients, underscoring the impact of this consumer trend on the growth of the roasted coffee market.
A prominent trend in the roasted coffee market is product innovation, with major companies focusing on the development of new coffee products. For instance, in April 2021, Nestle, a Switzerland-based food and beverage company, introduced the Nescafe Gold Blend Roastery Collection. This collection stands out with a unique taste profile achieved through innovative roasting techniques, emphasizing the distinct flavors of different coffee beans to meet the growing demand for specialty coffee.
Major companies in the roasted coffee market are also launching new products, such as Lavazza's Tales of Italy, which promotes rich cultural heritage and distinct flavors. Launched in July 2023, Tales of Italy is a collection of locally-roasted coffee available in three distinct flavors, including Alluring Napoli, Eternal Roma, and Refined Milano. The packaging features a resealable design with a vibrant color palette, aligning with the brand's storytelling traditions.
In March 2023, Westrock Coffee, a US-based roasted coffee company, acquired Bixby Roasting Co for an undisclosed amount. This strategic acquisition aims to capitalize on shifting consumer consumption trends and create influencer brands that specifically appeal to younger consumers. Bixby Roasting Co, a US-based company, specializes in providing roasted coffee beans, further strengthening Westrock Coffee's position in the competitive roasted coffee market.
Major companies operating in the roasted coffee market report are Nestle S.A., Starbucks Coffee Company, Luigi Lavazza SPA, Peet's Coffee Inc., JDE Peet's, Tchibo Coffee International, Strauss Coffee BV, Keurig Green Mountain Inc., Farmer Brothers Company, Royal Cup Inc., J.M. Smucker Company, Melitta Group, Massimo Zanetti Beverage USA, UCC Ueshima Coffee Co. Ltd., Tim Hortons Inc., Gloria Jean's Coffees, Hawaiian Isles Kona Coffee Co., Kicking Horse Coffee Co. Ltd., La Colombe Coffee Roasters, 85 °C Bakery Cafe, Lifeboost Coffee, Philz Coffee, Tata Consumer Products, Coffee Beanery, Westrock Coffee Company LLC, Tres Coracoes Group, Lavazza Professional, Jacobs Douwe Egberts, Dunkin' Brands Group Inc., Eight O'Clock Coffee Company .
Europe was the largest region in the roasted coffee market in 2023. Asia-Pacific is expected to be the fastest-growing region in the roasted coffee market report during the forecast period. The regions covered in the roasted coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the roasted coffee market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The roasted coffee market consists of sales of white roast coffee, light roast coffee, medium roast coffee, medium-dark roast coffee, and dark roast coffee. 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.