PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314935
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1314935
Global Coffee Roaster Market is valued at approximately USD 1286.20 million in 2022 and is anticipated to grow with a CAGR growth rate of more than 6.50% over the forecast period 2023-2030. A coffee roaster is a machine used to transform green coffee beans into flavorful and aromatic roasted beans. It applies heat to the beans, resulting in chemical changes that develop desired flavors and aromas. Roasters come in various sizes, configurations, control temperature and airflow to achieve different roast profiles. The roasting process involves stages such as drying, browning, and caramelization. Expertise is required to achieve consistent and desired results. Coffee roasters play a crucial role in determining the final flavor and quality of brewed coffee. Moreover, rising coffee production and the growing e-commerce market are anticipated to be the growth drivers of this market. Furthermore, emerging global markets and growing concern towards health fuel the market space during the forecasted period 2023-2030.
According to the United States Department of Agriculture (USDA) in 2022, World coffee production for 2022/23 is expected to increase by 6.6 million bags to 172.8 million, driven by Brazil's Arabica crop. Consumption is expected to rise by 800,000 bags to 167.9 million, with significant growth in the European Union, the United States, and Brazil. Despite this, ending stocks are anticipated to rise by 1.5 million bags to 34.1 million. Coffee prices, as measured by the International Coffee Organization (ICO), have dropped over 25 percent since February 2022. According to India Brand Equity Foundation (IBEF) in 2023, India's e-commerce sector has revolutionized the way businesses operate and has opened up various types of commerce, including business-to-business (B2B), direct-to-consumer (D2C), consumer-to-consumer (C2C), and consumer-to-business (C2B). The D2C and B2B segments have seen remarkable growth in recent years. The D2C market in India is expected to reach USD 60 billion by FY27. Furthermore, the overall e-commerce market is expected to reach USD 350 billion by 2030, with a growth rate of 21.5% in 2022, reaching USD 74.8 billion. However, clanging consumer preferences and high cost of affordability may hamper the growth of the market during the forecasted period of 2023-2030.
The key regions considered for the Global Coffee Roaster Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America region dominates the market, it is expected to maintain its leading position in the foreseeable future. This dominance is attributed to the region's high coffee consumption and the increasing popularity of roasted coffee among consumers. Additionally, coffee chains such as Starbucks cater to customers' preferences by offering customized roasted coffee, further fueling market growth in the region. Asia Pacific is anticipated to exhibit the growth in the market during the forecast period from 2023 to 2030. The market's growth in this region is primarily driven by the increasing coffee consumption among consumers. According to the International Coffee Organization, coffee consumption in Asia has risen by 1.5% over the past five years as of 2022. Additionally, countries such as China and Japan contribute significantly to the region's market growth due to their high consumption of roasted coffee.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures are dummy in nature, final lists may vary in the final deliverable
List of tables and figures are dummy in nature, final lists may vary in the final deliverable