Global Coffee Market Size & Outlook, 2023-2030
Global coffee market, 2018-2030 (US$M)
Related Markets
Global coffee market highlights
- The global coffee market generated a revenue of USD 483,907.2 million in 2023 and is expected to reach USD 690,085.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, roasted accounted for a revenue of USD 257,481.5 million in 2023.
- Ready to Drink is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 483,907.2 million |
| Market revenue in 2030 | USD 690,085.3 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Roasted |
| Fastest growing segment | Ready to Drink |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Roasted, Instant, Ready to Drink |
Other key industry trends
- In terms of revenue, the North America accounted for 20.4% of the global coffee market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 83,845.9 million by 2030.
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Coffee Market Scope
Coffee Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global coffee market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to coffee market will help companies and investors design strategic landscapes.
Roasted was the largest segment with a revenue share of 53.21% in 2023. Horizon Databook has segmented the Global coffee market based on roasted, instant, ready to drink covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Coffee Product Outlook (Revenue, USD Million, 2018-2030)
- Roasted
- Roast & Ground
- Pods & Capsules
- Whole Beans
- Instant
- Ready to Drink
- Roasted
- Global Coffee Nature Outlook (Revenue, USD Million, 2018-2030)
- Conventional
- Organic
- Global Coffee Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- B2B
- Cafes & Bars
- Hotels & Restaurants
- Workplace
- Others
- B2C
- Hypermarkets & Supermarkets
- Convenience Stores
- Specialty Stores
- Online
- Others
- B2B
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Target buyers of Global coffee market databook
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Our clientele includes a mix of coffee market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global coffee market , including forecasts for subscribers. This global databook contains high-level insights into Global coffee market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global coffee market size, by regions, 2018-2030 (US$M)
Top 10 countries: Coffee market size, 2023 (US$M)
Global coffee market share, by product, 2023 & 2030 (%, US$M)
Coffee market: Opportunity assessment by country
Global coffee market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 76,960.8 | 80,775.7 | 84,901.2 | 89,335.5 | 93,927.7 | 98,898.5 | 104,290.6 | 110,136.3 | 116,386.8 | 122,990.0 | 129,911.1 | 137,113.7 | 144,641.9 | 5.6% |
| Europe | 126,307.7 | 131,861.1 | 137,856.2 | 144,282.0 | 150,889.1 | 158,026.5 | 165,753.2 | 174,109.8 | 183,008.9 | 192,359.9 | 202,100.4 | 212,167.0 | 222,621.5 | 5.0% |
| Asia Pacific | 85,098.7 | 89,783.0 | 94,861.0 | 100,336.3 | 106,044.5 | 112,239.2 | 118,976.4 | 126,300.9 | 134,165.2 | 142,516.9 | 151,322.5 | 160,545.6 | 170,244.0 | 6.1% |
| Latin America | 72,184.1 | 74,784.3 | 77,572.6 | 80,535.5 | 83,527.1 | 86,734.7 | 90,180.6 | 93,876.1 | 97,762.9 | 101,782.1 | 105,891.4 | 110,048.9 | 114,278.1 | 4.0% |
| MEA | 22,867.6 | 23,771.7 | 24,747.0 | 25,790.7 | 26,857.2 | 28,008.3 | 29,253.1 | 30,597.5 | 32,024.9 | 33,518.4 | 35,066.3 | 36,656.7 | 38,299.7 | 4.6% |
| Overall | 383,418.8 | 400,975.8 | 419,938.0 | 440,280.0 | 461,245.7 | 483,907.2 | 508,453.9 | 535,020.6 | 563,348.7 | 593,167.3 | 624,291.6 | 656,531.8 | 690,085.3 | 5.2% |
Related regional statistics
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