Wilmington, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global specialty coffee market is expected to approach US$ 6.6 million by 2030, with an annual growth rate of more than 14.5%.
Market Definition, Market Scope, and Report Overview
The global specialty coffee market is growing at a robust rate owing to the increased demand for high-quality coffee. The number of specialty coffee shops is growing rapidly across the globe. These shops offer a wide variety of specialty coffees, as well as brewing methods and equipment. This is making it easier for consumers to access and enjoy specialty coffee. The third wave of coffee is a movement that is focused on quality, transparency, and sustainability in the coffee industry. This movement is helping to raise awareness of specialty coffee and is leading to a growing demand for high-quality coffee.
Moreover, Consumers are becoming more interested in where their coffee comes from and how it is processed. This is leading to a demand for specialty coffees that are sourced from specific origins and that have been processed using specific methods.
- According to a deep-dive market assessment by RationalStat, the global specialty coffee market has been analyzed on the basis of market segments, including type, crop type, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global specialty coffee market covers market sizes on the basis of market value (US$/EUR Million) and volume (Kg/Ton) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global specialty coffee market. It also includes the industry's current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Specialty Coffee Market: Segmental and Market Share Analysis
- On the basis of type, the whole bean segment is expected to hold majority of share of the global specialty coffee market. Consumers are becoming more knowledgeable about coffee and are willing to pay a premium for high-quality coffee. Whole beans are often seen as being of higher quality than other types of coffee, such as instant coffee or ground coffee.
- Based on application, the popularity of home brewing is growing, and this is leading to a demand for specialty coffee beans. Consumers are increasingly interested in brewing their own coffee at home, and they are willing to pay a premium for high-quality beans.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 4.5 million |
| Market Size Forecast | US$ 6.6 million |
| Growth Rate | 14.5% |
| Key Market Drivers |
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| Companies Profiled |
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Competition Analysis and Market Structure
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global specialty coffee market include,
- In July 2023, JDE Peet’s announced an agreement to acquire Maratá’s coffee & tea business in Brazil from JAV Group for an undisclosed sum.
- In February 2023, A fast-moving consumer goods (FMCG) start-up backed by Indian cricket team former captain, Virat Kohli, recently partnered with Keventers, a popular milkshake chain in India, to launch a new cold coffee flavour. The Hazelnut flavoured cold coffee will be sold at more than 200 Keventers outlets across the country.
Some of the prominent players and suppliers operating and contributing significantly to the global specialty coffee market growth include Starbucks Corporation, Nestle S.A., Dunkin’ Brands Group Inc., JDE Peet’s, Blue Bottle Coffee, Intelligentsia Coffee & Tea Inc., Stumptown Coffee Roasters, Caribou Coffee Company, Inc., Bulletproof 360 Inc., and Peet’s Coffee among others.
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RationalStat has segmented the global specialty coffee market based on product type, application, distribution channel, and region
- Global Specialty Coffee Market Value (US$ Million), Volume (Kg/Ton), and Market Share (2019-2030) Analysis by Product Type
- Instant Coffee
- Ground Coffee
- Whole Beans
- Single-Cup
- Blends
- Other Products
- Global Specialty Coffee Market Value (US$ Million), Volume (Kg/Ton), and Market Share (2019-2030) Analysis by Application
- Home Use
- Commercial Use
- Global Specialty Coffee Market Value (US$ Million), Volume (Kg/Ton), and Market Share (2019-2030) Analysis by Distribution Channel
- Food Service
- Specialty Stores
- Supermarket and Hypermarkets
- Online Stores
- Retail and Grocery Stores
- Global Specialty Coffee Market Value (US$ Million), Volume (Kg/Ton), and Market Share (2019-2030) Analysis by Region
- North America Specialty CoffeeMarket
- US
- Canada
- Latin America Specialty CoffeeMarket
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Specialty CoffeeMarket
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Specialty CoffeeMarket
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Specialty CoffeeMarket
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Specialty CoffeeMarket
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Specialty CoffeeMarket
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Key Questions Answered in the Specialty Coffee Report:
- What will be the market value of the global specialty coffee market by 2030?
- What is the market size of the global specialty coffee market?
- What are the market drivers of the global specialty coffee market?
- What are the key trends in the global specialty coffee market?
- Which is the leading region in the global specialty coffee market?
- What are the major companies operating in the global specialty coffee market?
- What are the market shares by key segments in the global specialty coffee market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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