PUBLISHER: Global Insight Services | PRODUCT CODE: 1634010
PUBLISHER: Global Insight Services | PRODUCT CODE: 1634010
The take-out coffee market is anticipated to expand from $36 billion in 2023 to $61 billion by 2033, reflecting a CAGR of approximately 5.5%.
The take out coffee market encompasses the sector dedicated to the preparation and sale of coffee beverages intended for consumption outside the retail premises. This market includes coffee shops, cafes, and quick-service restaurants offering a variety of coffee options, from traditional espresso-based drinks to innovative cold brews and specialty blends. It caters to the growing consumer demand for convenience, quality, and diverse flavor profiles, driven by urbanization, busy lifestyles, and an increasing appreciation for premium coffee experiences.
The Take Out Coffee Market is witnessing robust growth driven by urbanization and changing consumer lifestyles. The specialty coffee segment is the top-performing sub-segment, fueled by consumers' growing preference for premium and artisanal coffee experiences. Cold brew coffee is emerging as the second-highest performing sub-segment, reflecting a shift towards refreshing and innovative beverage options. The market is further segmented by regions, with North America leading due to a well-established coffee culture and high consumer spending. Europe follows closely, driven by the increasing popularity of coffee-to-go and cafe culture in urban centers. The Asia-Pacific region is experiencing rapid growth, with countries like China and India showing significant potential due to rising disposable incomes and a burgeoning middle class. In these regions, the demand for convenient, high-quality coffee experiences is expanding, presenting lucrative opportunities for market entrants and established players alike.
In 2023, the market volume was estimated at 350 million cups per day, with expectations to reach 500 million cups by 2033. The specialty coffee segment commands the largest market share at 45%, followed by traditional coffee at 30%, and ready-to-drink coffee at 25%. Consumer trends towards premium, artisanal coffee experiences are driving growth in the specialty segment. Major players include Starbucks, Dunkin', and McCafe, each leveraging unique strategies to capture market share. Starbucks leads with 35% of the market, focusing on personalized customer experiences and digital engagement.
Competitive dynamics are shaped by these key players' innovations and market expansions. Regulatory environments, like the FDA's guidelines on caffeine content, influence market operations, particularly in terms of compliance and product labeling. Future projections indicate a 10% annual growth rate, propelled by increasing consumer demand for convenience and quality. The market's trajectory is also influenced by sustainability initiatives, with companies investing in eco-friendly packaging and supply chain transparency. Despite challenges such as fluctuating coffee bean prices and evolving consumer preferences, the Take Out Coffee Market is poised for robust expansion, driven by technological advancements and strategic partnerships.
The take-out coffee market is experiencing robust growth across various regions. North America remains a dominant player, with the United States leading due to its strong coffee culture and high consumer spending. The proliferation of specialty coffee shops and the convenience of mobile ordering have further fueled this growth.
In Europe, the market is characterized by a diverse coffee culture. Countries like Italy and France are witnessing a surge in demand for premium take-out coffee. The rising trend of on-the-go consumption and the expansion of coffee chains contribute to this growth.
Asia Pacific is emerging as a significant market for take-out coffee. Rapid urbanization and a growing middle class in countries like China and India are driving demand. The influence of Western coffee culture and increasing disposable incomes are key factors.
Latin America, known for its rich coffee production, is also seeing an uptick in take-out coffee consumption. Brazil and Colombia are at the forefront, with local chains expanding their reach. The market's growth is supported by a youthful demographic and evolving consumer preferences.
The Middle East and Africa region is gradually embracing the take-out coffee trend. The UAE and South Africa are leading this change, with a growing number of international coffee brands entering the market. The rising popularity of cafe culture and a shift towards premium coffee offerings are noteworthy trends.
Blue Bottle Coffee, Gregorys Coffee, Joe Coffee Company, Stumptown Coffee Roasters, Intelligentsia Coffee, La Colombe Coffee Roasters, Dutch Bros Coffee, Peet's Coffee, Tim Hortons, Costa Coffee, Caribou Coffee, Caffe Nero, The Coffee Bean & Tea Leaf, Philz Coffee, Lavazza, Gloria Jean's Coffees, Tully's Coffee, PJ's Coffee of New Orleans, Biggby Coffee, Second Cup
U.S. Department of Agriculture - Economic Research Service, European Commission - Eurostat, International Coffee Organization, Food and Agriculture Organization of the United Nations, United Nations Conference on Trade and Development (UNCTAD), World Bank - Commodities Market, U.S. Census Bureau - Economic Indicators, National Coffee Association USA, Specialty Coffee Association, Coffee Science Foundation, International Coffee Council, World Coffee Producers Forum, Coffee Quality Institute, Global Coffee Platform, Brazilian Coffee Institute, International Institute of Coffee Tasters, Coffee Expo by Specialty Coffee Association, World Coffee Conference, Coffee Fest, International Coffee Week (Brazil), Coffee Research Institute at University of California, Davis
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