Global Roast and Ground Coffee Market SWOT and Competition: Increasing at a CAGR of 5.28% from 2024 to 2029

Global Roast and Ground Coffee Market Overview

According to Global Market Monitor, the global roast and ground coffee market will reach $91.82 billion in 2024 with a CAGR of 5.28% from 2024 to 2029.

Coffee is one of the most widely consumed hot beverages in the world. It is produced by the brewing of processed, roasted, or decaffeinated coffee seeds. Fresh roasted and ground coffees include coffee beans, packaged coffee powder, and packaged coffee liquids. Arabica and Robusta are the two main species used in the production of coffee around the world.

China has the Largest Number of Coffee Shops in the World.

Increasing global coffee consumption, growing consumer preference for specialty and premium coffee, innovations in packaging and distribution, and the rise of online retail platforms are driving the market. In addition, the growing popularity of coffee shops and cafes, coupled with the rise of coffee culture, has further boosted the market demand. According to the World Coffee Portal, the U.S. branded coffee shop market experienced steady growth of 4% in 2023, with more than 40,000 stores, and is expected to expand to 45,200 by 2028. However, China has overtaken the United States for 20 years to become the world's largest market for branded coffee shops. In 2023, the number of branded coffee shops in China increased by 58% to 49,691.

Coffee as an important branch of the new tea is unstoppable, by the number of stores, Starbucks is the second largest brand coffee operator in China, with 785 net stores in China. At the same time, with the rapid expansion of Luckin Coffee and Cudi Coffee, the two companies added a net of 5,059 and 6,004 new stores respectively.

Market Trends

Quality light catering has gradually become a life scene for young people. Compared with milk tea, the application scenario of coffee seems to be more formal and diversified, in addition to entertainment time, office places, school classrooms, and other spaces are also common coffee figures. Coffee is becoming increasingly popular among millennials, and the demand for high-quality and specialized coffee products such as roasted and ground coffee is increasing among young people. Millennials are more likely to spend on quality products and are keen to try new beverage types, brands, and flavors. Therefore, vendors offer a variety of products to appeal to this demographic. Health consciousness is influencing coffee consumption trends. Moderate coffee intake can bring health benefits, including improved cognitive function and reduced risk of certain diseases. This awareness has led to increased demand for "healthier" coffee options, such as decaffeinated coffee, cold brew coffee, and organic beans. The demand for sourcing and environmentally friendly coffee products has responded.

S	Economic development People's living standards are higher. Development of new technologies Rapid growth in online shopping
W	Fierce competition Upstream and downstream bargaining power
O	Higher quality and function development trend Technology innovation Diversified sales methods
T	Vicious competition Alternative product The threat of global protectionism More stringent food safety policy

For more industry information, please refer to our latest released "2023 Global Roast and Ground Coffee Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".