Food And Beverages

Global Coffee And Tea Market Size, Forecasts, And Opportunities

December 17, 2021December 17, 2021 by The Business Research Company

Learn about the global coffee and tea market through The Business Research Company, which provides information on coffee and tea market size, coffee and tea market drivers and restraints, coffee and tea market players, the COVID-19 impact on the coffee and tea market, and more.

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The global coffee and tea market is expected to grow from $140.2 billion in 2020 to $143.08 billion in 2021 at a compound annual growth rate (CAGR) of 2.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The coffee and tea market is expected to reach $193.78 billion in 2025 at a CAGR of 8%.

Increasing demand for ready-to-drink (RTD) beverages is expected to drive the coffee and tea market in the forecast period.

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The coffee and tea market consists of sales of coffee and tea by entities (organizations, sole traders and partnerships) that produce roasting coffee, blending tea, coffee and tea concentrates, herbal tea, coffee extracts, flavorings and syrups. The companies in the coffee and tea industry process raw materials into roasting coffee, blending tea, coffee and tea concentrates, herbal tea, coffee extracts, flavorings and syrups, package and distribute them through various distribution channels to both individual customers and commercial establishments.

Global coffee and tea market segments include:

By Type: Coffee, Tea

By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others

By Form: Liquid, Powder, Capsules

By Packaging: Containers, Bags, Packets or Pouches

Subsegments Covered: Roasted Coffee, Coffee Concentrates, Essences And Extracts, Other Coffee, Black Tea, Green Tea, Specialty Tea, Other Tea

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern

Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global coffee and tea market, accounting for 46% of the market in 2020.

Coffee companies are increasingly offering coffee subscription services to consumers. Coffee subscription services provide home delivery of coffee products to consumers for a subscription fee charged on a weekly or monthly basis. A subscription service offers a number of advantages to consumers. It allows consumers to sample products from far more specialist roasters than is possible in even the most coffee-saturated areas. Some services can ship products from hundreds of different roasters. It is also the best way to ensure freshness, as most shipments are made immediately after roasting, eliminating the time the beans would otherwise have spent on store shelves.

TBRC’s coffee and tea market report covers:

Major Market Players: Farmer Bros, Keurig Dr Pepper, JM Smucke, ITO EN, Maxingvest AG.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Coffee And Tea Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides coffee and tea market overviews, analyzes and forecasts market size, share, coffee and tea market players, coffee and tea market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s coffee and tea market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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