Coffee Market To Reach $323.72 Billion By 2030 | CAGR 5.4%

Coffee Market Growth & Trends

The global coffee market size is expected to reach USD 323.72 billion by 2030, according to a new report by Grand View Research, Inc., growing at a CAGR of 5.4% from 2024 to 2030. One of the major market drivers is the overall demand for coffee. Coffee is one of the most popular beverages in the world, and demand for it is only increasing, especially in developing economies such as Asia Pacific. The global rise in coffee culture among consumers increased disposable incomes of consumers, and changing lifestyles are all factors in the market's overall expansion.

Consumer trends and preferences are always changing, and this has a significant impact on the coffee business. Market dynamics are influenced by elements including the rising demand for specialty and gourmet coffees, organic and sustainable sourcing, and the acceptance of expensive and single-origin coffee varietals. Gourmet coffee and specialty coffee are often considered to have superior quality and distinctive flavor profiles. Customers are becoming more willing to pay more for these coffees, enhancing the market's overall worth. Such factors are driving the overall growth of the coffee market.

Roasted coffee led the market in 2022 and is expected to witness progressive growth in demand during the forecast period. Consumers' interest in specialty and craft coffee is growing as they search for distinctive and high-quality coffee experiences. Freshly roasted beans with distinctive flavor profiles that are frequently sourced from certain places are in high demand as a result of this trend. In addition, the popularity of home brewing has increased the need for roasted coffee. Nowadays, many customers spend money on premium coffee beans and brewing supplies to get the same coffee shop experience at home.

Europe dominated the global coffee market in 2022. High-quality coffee is becoming more and more popular among consumers in the area. This is mostly due to the considerable rise in consumption at specialty coffee shops in Western Europe, which specialize in serving high-quality coffee. Due to the rising interest in both Arabica and Robusta specialty coffees among European customers, there are more prospects for suppliers. It is anticipated that these opportunities will be especially appealing to exporters who can consistently offer high-quality coffees. 

Prominent market players for coffee include Nestlé, Starbucks Coffee Company, JDE Peet's, Tchibo Coffee, LUIGI LAVAZZA SPA, Strauss Coffee BV, The J.M. Smucker Company, Melitta, UCC UESHIMA COFFEE CO., LTD., and Massimo Zanetti Beverage USA. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market. 

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Coffee Market Report Highlights

• In 2023, roasted coffee captured 53.7% of the global revenue. The growth of international coffee chains like Starbucks has popularized freshly roasted coffee, promoting its premium quality and fueling increased consumption worldwide

• The organic coffee market is expected to expand at a CAGR of 7.4% from 2024 to 2030. This growth is driven by rising health and environmental concerns, with consumers seeking products that are perceived as healthier and more sustainable

• Coffee sales through B2C channels are projected to grow at a CAGR of 5.4% from 2024 to 2030. This growth contrasts with B2B sales, which typically involve bulk purchases by businesses such as restaurants, cafes, and hotels

• In 2023, the coffee market in Europe held a 32.6% share of the global market. The increase in high-quality coffee consumption is largely attributed to the rising popularity of specialty coffee shops in Western Europe, which focus on premium coffee offerings 

Coffee Market Segmentation

Grand View Research has segmented the global coffee market on the basis of product, nature, distribution channel, and region: 

Coffee Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Roasted

  • Roast & Ground

  • Pods & Capsules

  • Whole Beans

• Instant

• Ready to Drink

Coffee Nature Outlook (Revenue, USD Billion, 2018 - 2030)

• Conventional

• Organic

Coffee Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• B2B

  • Cafes

  • Hotels & Restaurants

  • Offices

  • Bakeries and coffee shops

  • Others

• B2C

  • Grocery Stores/Supermarkets

  • Hypermarkets

  • Convenience Stores

  • Online Retailers

  • Online Direct-to-Consumer (DTC)

  • Others

Coffee Product By Distribution Channel Outlook (Revenue, USD Billion, 2018 - 2030)

• Beans

  • B2C

    • Grocery Stores/Supermarkets

    • Hypermarkets

    • Convenience Stores

    • Online Retailers

    • Online Direct-to-Consumer (DTC)

    • Others

  • B2B

    • Cafes

    • Hotels & Restaurants

    • Offices

    • Bakeries and coffee shops

    • Others

• Ground Coffee

  • B2C

    • Grocery Stores/Supermarkets

    • Hypermarkets

    • Convenience Stores

    • Online Retailers

    • Online Direct-to-Consumer (DTC)

    • Others

  • B2B

    • Cafes

    • Hotels & Restaurants

    • Offices

    • Bakeries and coffee shops

    • Others

• Coffee Pods

  • B2C

    • Grocery Stores/Supermarkets

    • Hypermarkets

    • Convenience Stores

    • Online Retailers

    • Online Direct-to-Consumer (DTC)

    • Others

  • B2B

    • Cafes

    • Hotels & Restaurants

    • Offices

    • Bakeries and coffee shops

    • Others

• RTD

• B2C

  • Grocery Stores/Supermarkets

  • Hypermarkets

  • Convenience Stores

  • Online Retailers

  • Online Direct-to-Consumer (DTC)

  • Others

• B2B

  • Cafes

  • Hotels & Restaurants

  • Offices

  • Bakeries and coffee shops

  • Others

• Instant

  • B2C

    • Grocery Stores/Supermarkets

    • Hypermarkets

    • Convenience Stores

    • Online Retailers

    • Online Direct-to-Consumer (DTC)

    • Others

  • B2B

    • Cafes

    • Hotels & Restaurants

    • Offices

    • Bakeries and coffee shops

    • Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Netherlands

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

  • Saudi Arabia

List of Key Players in the Coffee Market

• Nestlé

• Starbucks Coffee Company

• JDE Peet's

• Tchibo Coffee

• LUIGI LAVAZZA SPA

• Strauss Coffee BV

• The J.M. Smucker Company

• Melitta

• UCC UESHIMA COFFEE CO., LTD.

• Massimo Zanetti Beverage USA