According to the report, the Coffee market is expected to grow from USD 26,425 on in 2019 to USD 38,839 million by 2026, growing at a CAGR of 5.7% from 2019 to 2026.
Market Overview
The global Coffee market is estimated to be USD 26,425 million in 2019 and is expected to reach USD 38,839 million by 2026, with a CAGR of 5.7% during the forecast period.
Factors such as the availability of wide-range of coffee type, flavors and brewing styles, rising urbanization & disposable incomes and increasing number of food outlets, retail stores, and cafes are driving the global coffee market growth. However, the price fluctuation of coffee beans and climate change, leading to a supply shortage may hinder the market.
Coffee is a natural and organic caffeine beverage, brewed by adding coffee beans (green beans, soluble or roast & ground) with either cold or hot water in a coffee maker.
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Competitive Insights
Key players operating in this market include Starbucks, An Giang Coffee, Mars, Atlantic Grupa, Bewley's, Black Ivory Coffee, Kraft Foods, Massimo Zanetti, Trung Nguyên, Ultimate Coffee Company, Knockbox, Unar Coffee Company, Pacific Coffee, Death Wish Coffee, Coffee Beanery, Caribou Coffee, Hills Bros. Coffee, Jittery Joe's, Eight O' Clock Coffee, The J. M. Smucker Company, and Jacobs Douwe Egberts.
Regional Insights
The three major consumption markets are North America, Europe, and the Asia Pacific, accounted for 95.89%. The Asia Pacific is the leading market at a share of 42.11%, followed by North America and Europe with a share of 28.45% and 25.33%.
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Based on the type, the Coffee market can be segmented into Arabica and Robusta.
Robusta Coffee Expected to Grow Faster During the Forecast Period
Application Insights
Based on application, the Coffee market is divided into Retail stores and cafes.
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Audience
l Coffee manufacturers
l Distributors and resellers of Coffee
l Coffee industry associations
l Product managers, Coffee industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Coffee
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