The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increasing coffee consumption is likely to promote innovation in coffee manufacturing, propelling the market during the forecast period.

The global coffee market is expected to grow from $61.45 billion in 2022 to $66.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global coffee market size is expected to reach $83.24 billion in 2027 at a CAGR of 5.9%.

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Global Coffee Market Segments Include:

• By Product Type: Whole-Bean, Ground Coffee, Instant Coffee, Coffee Pods, Capsules
• By Application: Hot Drinks, Ready-To-Drink Coffee, Flavored Beverages
• By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Speciality Stores, Online, Other Channels
• By End Use: HoReCa (Hotels, Restaurants, Cafe And Caterers), Retail
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global coffee market in 2021.

Major Market Players in the coffee market include Nestlé S.A., The Kraft Heinz Company, Starbucks Corporation, The J. M. Smucker Company, JAB Holding Company, Strauss Coffee B.V., Luigi Lavazza S.p.A., Tata Consumer Products Limited.

Product innovation is a crucial trend that is gaining traction in the coffee business. Major coffee firms are focusing on launching novel goods in order to improve consumer experience and strengthen their market position. For example, in October 2022, Blue Bottle, a Nestle-owned US-based cafe retailer and specialty coffee roaster, introduced Craft Instant Espresso, a premium instant coffee made with quality beans, a unique roasting technology and a slow freeze-drying operation. Craft Instant Espresso was created to allow consumers to make luxury drinks at home without the need for pricey equipment or brewing experience.

The Coffee Global Market Report 2023  provides a coffee market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The coffee market forecast analyzes coffee market size, coffee market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Coffee is a beverage or powder prepared from the roasted ground or crushed seeds of the two-seeded fruit of a tropical tree or shrub of the madder family Coffee species, particularly C. arabica and C. canephora. It is primarily consumed for refreshment.

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