Coffee and tea are non-alcoholic beverages that come under the plantation crop category. Coffee is a strongly brewed beverage, while tea is an infusion that is generally weaker.
The coffee and tea market consists of sales of coffee and tea products by entities (organizations, sole traders and partnerships) that are engaged in roasting coffee, blending tea and manufacturing coffee and tea concentrates, herbal tea, coffee extracts, flavorings and syrups. Companies in the coffee and tea industry process raw materials (coffee beans and tea leaves) into coffee, tea and their concentrates, coffee extracts, flavorings and syrups, then package and distribute them through various distribution channels to both individual customers and commercial establishments.
The global coffee and tea market was valued at $93,900.7 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 4.0%.
Increased Urbanization And Demanding Work Schedules
During the historic period, increased urbanization and demanding work schedules drove the growth of the coffee and tea market. Urbanization refers to the process by which an increasing proportion of a population resides in urban areas, leading to the growth and expansion of cities. Demanding work schedules refer to the expectation or requirement for individuals to work long hours, irregular shifts, or under high-pressure conditions. The coffee and tea industries can prosper by catering to the requirements and tastes of urban consumers for convenient, culturally meaningful and inventive beverage options, which are made possible by urbanization and demanding work schedules. For example, in February 2022, according to Satatistique Canada, a government agency, between 2016 and 2021, the populations in the downtown areas of large urban centers in Canada experienced a more rapid growth rate (+10.9%), compared to the overall growth of urban centers as a whole (+6.1%).Therefore, increased urbanization and demanding work schedules promoted the growth of the coffee and tea market.
Introduction Of Innovative Single-Origin Coffee Pods
Companies operating in the coffee and tea market are focusing on launching innovative products such as single-origin coffee pods to strengthen their position in the market. For instance, in March 2024, The Coffee Bean & Tea Leaf., a US-based tea company, launched new premium single-origin coffee K-cup pods so customers can enjoy their favorite coffee anywhere with single-serve convenience. These K-Cup Pods are designed to provide a delightful cup of coffee, featuring single-origin sourced beans from various regions such as Bali Blue Moon, Costa Rica, Colombia, Ethiopia, Mexico Organic and World Blend '63. The beans are carefully selected and roasted in small batches to ensure exceptional quality and freshness, providing a unique flavor profile that reflects the characteristics of their respective regions.
The global coffee and tea market is fairly concentrated, with large players operating in the market. The top ten competitors in the market made up to 29.2% of the total market in 2022.
Coffee And Tea Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global coffee and tea market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for coffee and tea? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The coffee and tea market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider coffee and tea market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by form, by distribution channel and by packaging.
- Product Analysis -The product analysis section of the report describes the leading products in the coffee and tea market, along with key features and differentiators for those products.
- Supply Chain- The supply chain section of the report defines and explains the key players in the coffee and tea industry supply chain.
- Customer Information -The chapter covers recent customer trends/preferences in the global coffee and tea market.
- Key Trends-Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the coffee and tea market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment b by type, by form, by distribution channel and by packaging in the market. Historic (2018-2023) and forecast (2022-2027) and (2027-2032) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for coffee and tea providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Coffee; Tea
- a) Coffee By Type Of Product: Roasted Coffee; Coffee Concentrates; Essences And Extracts; Other Coffee Products
- b) Tea By Type Of Product: Black Tea; Green Tea; Specialty Tea; Other Tea
- 2) By Distribution Channel: Supermarkets/Hypermarkets; Convenience Stores; E-Commerce; Other Distribution Channels
- 3) By Packaging : Containers; Bags; Packets Or Pouches
- 4) By Form: Liquid; Powder; Capsules
- Companies Mentioned: Nestle; Starbucks Corporation; Louis Dreyfus Company B.V.; J.M. Smucker Company; Unilever Plc
- Countries: China; Australia; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam, Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; coffee and tea indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.