Global Coffee Market Segments 2024, Forecast To 2033
5 Mar, 2024
The coffee concentrates, essences, and extracts market grew strongly, reaching $24.55 billion in 2023 and $26.2 billion in 2024, with a 6.7% CAGR. Historical growth is attributed to changing consumer preferences and convenience. Expected to grow to $33.09 billion in 2028, the forecast period highlights health and wellness trends and premiumization, with trends like customization and global exploration of coffee origins shaping the market.
Global Coffee Market Key Driver
The coffee market is expected to grow with the increasing consumption of coffee beverages. Coffee is consumed by 66% of Americans daily, and its consumption has grown by nearly 14% since January 2021. The beverage is known for its taste and nutritional benefits, contributing to a reduction in the onset of heart diseases. The rising consumption of coffee is a significant driver for the coffee market.
Get A Free Sample Of The Global Coffee Market ReportGlobal Coffee Market Segments
The coffee market covered in this report is segmented –
1) By Product Type: Whole-Bean, Ground Coffee, Instant Coffee, Coffee Pods, Capsules
2) By Application: Hot Drinks, Ready-To-Drink Coffee, Flavored Beverages
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Speciality Stores, Online, Other Channels
4) By End Use: HoReCa (Hotels, Restaurants, Cafe And Caterers), Retail
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Europe was the largest region in the coffee market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Coffee Industry Players
Grady's Cold Brew LLC; PepsiCo Inc.; Tata Coffee Limited; Kraft Foods Group Inc.; Royal Cup Inc.; Ueshima Coffee Co. Ltd.; Red Thread Coffee Co.; Christopher Bean Coffee; Nestle SA; Slingshot Coffee Co.; Synergy Flavors Inc.; Artemis Brew LTD.; Monin Incorporated; S&D Coffee Inc.; Aspen Beverage Group; The J.M. Smucker Company; Illycaffe SpA; The Coca-Cola Company; Tate & Lyle PLC; Jacobs Douwe Egberts BV; Folgers Coffee Company; Sensient Technologies Corporation; Cafe de Colombia; Keurig Dr Pepper Inc.; Tchibo GmbH; Strauss Group Ltd.; Massimo Zanetti Beverage Group S.p.A.; The Kraft Heinz Company; Segafredo Zanetti S.p.A.; UCC Holdings Co. Ltd.
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AIOps Coffee Market Overview
Coffee is a beverage or powder made from the roasted ground or crushed seeds of the two-seeded fruit of a tropical tree or shrub of Coffee species of the madder family, especially C. arabica and C. canephora. It is mainly drunk for refreshments.
Coffee Global Market Report 2023 provides data on the global coffee market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The coffee market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.