Coffee Global Market Report 2023

Coffee Market Segments

The Business Research Company segments it’s coffee market report as:

By Product Type

By Application

Whole-Bean, Ground Coffee, Instant Coffee, Coffee Pods, Capsules

Hot Drinks, Ready-To-Drink Coffee, Flavored Beverages

By Distribution Channel

Supermarkets And Hypermarkets, Convenience Stores, Speciality Stores, Online, Other Channels

By End Use

HoReCa (Hotels, Restaurants, Cafe And Caterers), Retail

Market Statistics

The global coffee market size is expected to grow from $61.45 billion in 2022 to $66.13 billion in 2023 at a compound annual growth rate (CAGR) of 7.6%. The global coffee market size is expected to reach $83.24 billion in 2027 at a CAGR of 5.9%.

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Global Coffee Market Size Forecast To 2032

Key Market Drivers And Trends

Drivers

Increasing consumption of coffee is expected to propel the growth of the coffee market.

Trends

Product innovation is a key trend gaining popularity in the coffee market.

Region

Europe was the largest region in the coffee market in 2022. The regions covered in the global coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Key Market Players

Major players in the coffee market are:

 Nestlé S.A.

 The Kraft Heinz Company

 Starbucks Corporation

 The J. M. Smucker Company

 JAB Holding Company

 And more.

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