PUBLISHER: SkyQuest | PRODUCT CODE: 1636922
PUBLISHER: SkyQuest | PRODUCT CODE: 1636922
Global Roasted Coffee Market size was valued at USD 44.97 billion in 2023 and is poised to grow from USD 47.58 billion in 2024 to USD 74.7 billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).
The coffee market is experiencing robust growth, driven by the beverage's numerous health benefits, including reduced risks of diabetes, Alzheimer's, Parkinson's, and heart issues. Particularly among Gen Z and millennials in emerging markets, coffee is preferred over other drinks, further enhancing demand. A National Coffee Association survey reveals a notable 14% rise in daily coffee consumption in the U.S., reaching 66% of the population, with 517 million cups consumed daily. The increasing number of coffee shops, now approximately 65,410 in the U.S., and innovative retail strategies are also contributing to this trend. Moreover, while roasted coffee faces challenges related to freshness, industry solutions such as nitrogen packaging are emerging, promising to sustain growth amid rising global consumer demand and product innovations.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Roasted Coffee market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Roasted Coffee Market Segmental Analysis
Global Roasted Coffee Market is segmented by Product Type, Distribution Channel, End-User and Region. Based on Product Type, the market is segmented into Roasted Arabica Coffee, Roasted Robusta Coffee and Blended Coffee. Based on Distribution Channel, the market is segmented into B2B and B2C. Based on End-User, the market is segmented into Commercial and Household. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Roasted Coffee Market
The global roasted coffee market is experiencing significant growth, fueled by a rising demand for high-quality coffee. Consumers increasingly favor premium and specialty coffee varieties, showing a willingness to invest in products that are sustainably sourced and expertly roasted. This shift in consumer preference emphasizes the importance of quality over quantity, as people seek out unique flavors and brewing methods tailored to their individual tastes. This trend not only highlights a growing appreciation for artisanal coffee but also reflects a broader cultural movement towards conscious consumption, ultimately driving expansion in the roasted coffee sector.
Restraints in the Global Roasted Coffee Market
One significant constraint on the global roasted coffee market is the volatility in coffee bean prices, which can negatively affect the profit margins of coffee roasters. Various factors contribute to these price fluctuations, including unpredictable weather conditions, geopolitical tensions, and economic instability in coffee-producing regions. When coffee prices surge or plummet unexpectedly, it creates uncertainty for businesses that rely on consistent purchasing costs, complicating inventory management and financial forecasting. Consequently, this volatility poses a challenge for market growth, as roasters may struggle to maintain competitive pricing and secure stable supply chains amidst these fluctuations.
Market Trends of the Global Roasted Coffee Market
The Global Roasted Coffee market is witnessing a notable trend towards specialty coffee, driven by a growing consumer preference for premium, ethically sourced products. As awareness around sustainability and quality intensifies, consumers are increasingly inclined to invest in unique and artisanal coffee experiences, often seeking blends that showcase distinct flavor profiles and production methods. This shift is further fueled by a burgeoning cafe culture and the rise of specialty coffee retailers, which cater to discerning palates. Consequently, the market is poised for continued growth, with an emphasis on transparency in sourcing and a commitment to sustainable practices attracting a loyal customer base.