Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Coffee Market Size

The global coffee market reached approximately USD 138.15 billion in 2023. The market is assessed to grow at a CAGR of 4.6% in the forecast period of 2024-2032 to reach a value of around USD 207.07 billion by 2032.

 

Coffee Market Outlook

  • Coffee is one of the top traded commodities in the world, and its largest producer is Brazil with around 2.6 million metric tonnes produced on average a year.
  • Reportedly, in 2022, 66% of Americans drank coffee on a daily basis, rising by 14% since January 2021.
  • As per coffee market analysis, Asia & Oceania, and Africa’s coffee production decreased by 4.7% and 7.2% respectively owing to adverse weather conditions.

 

Coffee Market Report Snapshots

Coffee Market Size

Coffee Market Growth

Coffee Market Trends

Coffee Market Share

Coffee Companies

Coffee Market Regional Analysis

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the coffee market reached an approximate value of USD 138.15 billion.

The market is estimated to grow at a CAGR of 4.6% between 2024 and 2032.

The market is estimated to witness healthy growth during 2024-2032 to reach around USD 207.07 billion by 2032.

The major drivers boosting the market growth are the increased demand for coffee in the workplace and the increasing demand for instant coffee.

The key trends guiding the growth of the market include the growing awareness of the health benefits associated with coffee and rapid technological advancements.

The major regional markets for coffee are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major distribution channels for coffee include hypermarkets and supermarkets, convenience stores, speciality stores, and online, among others.

The major players in the market are Nestlé S.A., The Kraft Heinz Company, Starbucks Corporation, The J. M. Smucker Company, JAB Holding Company, Strauss Coffee BV, LUIGI LAVAZZA SPA, Tata Consumer Products Limited, UCC Europe Limited, Gloria Jean’s Gourmet Coffees Corp., Unilever plc, Panera Brands, Nero Holdings Limited, Coffee Beanery, Swmabhan Commerce Private Limited (RAGE Coffee), International Coffee & Tea, LLC, and BEVZILLA PRIVATE LIMITED, among others.

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40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

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6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

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