Global Roasted Coffee Market

MARKET SCOPE:

The global roasted coffee market is projected to grow significantly, registering a CAGR of 4.2% during the forecast period (2024 – 2032).

The global Roasted Coffee market encompasses a wide array of coffee types and diverse applications, reflecting the rich and evolving coffee culture worldwide. The market is segmented based on the roast levels, with Light Roast, Medium Roast, and Dark Roast being the primary categories. Light Roast coffee is known for its mild flavor profile, while Medium Roast strikes a balance between flavor and acidity, and Dark Roast offers bold and robust taste notes. This segmentation caters to the varying preferences of coffee enthusiasts seeking distinct flavor experiences. In terms of applications, the Roasted Coffee market caters to Retail, Catering, and other sectors. The Retail segment includes coffee sold through various retail channels, such as supermarkets, specialty stores, and online platforms, targeting consumers who prefer brewing coffee at home. The Catering segment involves coffee services provided in cafes, restaurants, and other hospitality establishments, meeting the demands of consumers seeking freshly brewed coffee on-site. The ""Others"" category encompasses diverse applications, reflecting the versatility of roasted coffee in different settings, such as offices and events.

The Roasted Coffee market's global scope reflects the universal appeal of coffee as a beverage, deeply embedded in various cultures and lifestyles. The segmentation based on roast levels and applications allows industry players to address the unique preferences of consumers across different regions and settings, contributing to the dynamic and thriving nature of the global Roasted Coffee market.

MARKET OVERVIEW:

Driver: Increasing global demand for premium and specialty coffee is driving the market growth.

The surge in demand for premium and specialty coffee experiences acts as a potent driver propelling the global roasted coffee market. Consumers, particularly in North America and Europe, are increasingly seeking unique and high-quality coffee options that go beyond conventional offerings. This demand is fueled by a growing coffee culture that values craftsmanship, diverse flavor profiles, and the exploration of distinct roast levels. The market is responding to the discerning preferences of consumers who view coffee consumption as a nuanced and personalized experience. Specialty coffee shops and artisanal roasters are thriving as key players, catering to this demand for premium coffee, and the trend is influencing the entire coffee industry. This shift in consumer behavior toward elevated and sophisticated coffee choices is a driving force shaping the trajectory of the roasted coffee market globally.

Opportunities: The expansion of the market is expected to pave the way for market growth in the upcoming years.

An exciting opportunity lies in the expansion of the roasted coffee market through increased penetration in the Asia-Pacific region. Countries like China and Japan are experiencing a significant uptick in coffee consumption, presenting a vast and relatively untapped market. The opportunity to introduce diverse roast profiles, along with educating consumers about the nuances of different roasting processes, can contribute to the growth of the market in this region. Additionally, there is potential for innovation in packaging, marketing, and distribution channels to make specialty and roasted coffees more accessible to a broader audience. Collaborations with local coffee producers, cafes, and retail chains can further enhance market reach. As coffee culture continues to evolve globally, capturing the emerging markets in the Asia-Pacific region represents a strategic opportunity for stakeholders to diversify and expand their presence in the roasted coffee industry.

COVID IMPACT:

The COVID-19 pandemic has significantly impacted the global roasted coffee market, introduced challenges and shifts in consumer behavior that have reverberated throughout the industry. The closure of cafes, restaurants, and other foodservice establishments during lockdowns resulted in a notable shift in coffee consumption patterns. With more people staying at home, there was a surge in home brewing and the purchase of packaged coffee for at-home consumption. This trend favored retail channels and online sales of roasted coffee products. The pandemic accelerated the adoption of e-commerce channels for coffee purchases. Consumers, adapting to social distancing measures, turned to online platforms to buy roasted coffee beans, ground coffee, and specialty blends. This digital transformation in consumer behavior emphasized the importance of an online presence and direct-to-consumer sales for coffee businesses.

The pandemic heightened consumer awareness of health and wellness, influencing their choices in coffee consumption. There was a growing interest in functional and health-oriented coffee products, such as those promoting immune health or offering added nutritional benefits. As the world navigated the pandemic and adapted to the new normal, the roasted coffee market showcased resilience and adaptability. Coffee businesses that embraced online sales, implemented safety measures, and diversified their offerings found ways to navigate the challenges and recover.

SEGMENTATION ANALYSIS:

Both Segmentations of market are anticipated to grow significantly during the forecast period

Light Roast encompasses coffee beans subjected to a shorter roasting duration, resulting in a brew with a lighter color and a mild flavor profile. This category is favored by consumers who appreciate the nuanced and subtle characteristics inherent in coffee beans. Coffee beans in the Medium Roast category undergo a moderate roasting process, striking a delicate balance between acidity and flavor. Popular among those seeking a well-rounded and versatile coffee experience, Medium Roast appeals to a broad consumer base. Characterized by an extended roasting time, Dark Roast coffee offers a bold and intense flavor profile, often accompanied by distinct notes of bitterness. This category caters to individuals with a preference for a robust and strong coffee taste, making it a staple for those who enjoy a more pronounced coffee experience.

The Retail segment involves the sale of coffee through various retail channels, including supermarkets, specialty stores, and online platforms. It targets consumers who prefer brewing coffee at home, emphasizing packaged coffee products tailored for home consumption. Catering encompasses coffee services provided in cafes, restaurants, hotels, and other hospitality establishments. This segment focuses on delivering freshly brewed coffee experiences in a commercial setting, catering to diverse consumer preferences. The Others category spans diverse applications, such as coffee provision in offices, events, and unconventional settings. This reflects the adaptability of roasted coffee in various environments beyond traditional retail and catering scenarios.

REGIONAL ANALYSIS:

The Asia Pacific region along with North America and Europe are set to witness significant growth during the forecast period.

Renowned for its dynamic and diverse coffee culture, North America stands as a significant hub for all roast levels within the coffee market. The region has fostered a thriving coffee scene that extends beyond conventional preferences, embracing specialty and artisanal coffee experiences. Consumers in North America are increasingly drawn to unique and high-quality coffee offerings, contributing to a notable trend that elevates coffee consumption to a form of personal expression and enjoyment. This cultural shift underscores the region's openness to diverse roast profiles and the exploration of nuanced flavors, making it a vibrant and influential player in the global coffee landscape.

Europe, steeped in a rich tradition of coffee consumption, continues to demonstrate a robust demand for both medium and dark roast coffees. The continent is renowned for its café culture, where the act of enjoying coffee becomes a cherished ritual. European consumers appreciate the heritage and craftsmanship associated with coffee, leading to a sustained preference for various roast levels that cater to diverse taste preferences. The European coffee market thrives on a combination of tradition and innovation, with consumers seeking both the comforting familiarity of established coffee customs and the excitement of new and distinctive coffee experiences.

Experiencing a remarkable surge in coffee consumption, the Asia-Pacific region, particularly countries like China and Japan, is emerging as a dynamic and growing market for a spectrum of roast levels and diverse coffee applications. The evolving coffee landscape in Asia-Pacific reflects changing consumer tastes and preferences, driven by a rising awareness of different roast profiles and an increasing interest in specialty coffee. The region's embrace of varied coffee experiences signifies a departure from traditional norms, with consumers exploring and appreciating the nuanced flavors offered by different roast levels. This shift positions the Asia-Pacific market as an exciting frontier in the global coffee industry, contributing to the overall diversification and globalization of coffee culture.

COMPETITIVE ANALYSIS

The global Roasted Coffee market is reasonably competitive with mergers, acquisitions, and Application launches. See some of the major key players in the market.

Nestlé

• On November 29, 2023, the Head of Nestlé's Coffee Strategic Business Unit expressed optimism about the growth potential of coffee markets in India and China. Philipp Navratil, representing the Swiss food and beverage giant, shared his positive outlook on the increasing coffee consumption in these two highly populous nations. During a visit to Vietnam's Dak Lak province, Navratil conveyed his bullish stance on the coffee industry's expansion in India and China, highlighting them as key growth markets for Nestlé.

JDE Peet's

Starbucks

Strauss Group

Lavazza

JM Smucker

Melitta

UCCMassimo Zanetti

Maxwell

Illy

Luckin Coffee

Manner Coffee (Shanghai Yinhe Industrial)

MQ Coffee

Mellower Coffee

Ping Huang Coffee (Hou Jerng Business)

Mings

GEO

Scope of the Report

By Type

• Light Roast
• Medium Roast
• Dark Roast

By Application

• Retail
• Catering
• Others

By Region

• North America (the United States & Canada)
• Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe)
• Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
• Rest of the World (the Middle East & Africa, and Latin America)

Key reasons to purchase this report

It provides a technological development map over time to understand the industry’s growth rate and indicates how the Roasted Coffee Market is evolving.

The report offers a dynamic method to various factors that drive or restrain the growth of the market and specifies which Roasted Coffee submarket will be the main driver of the overall market from 2024 to 2032.

It renders a definite analysis of changing competitive dynamics and stipulates the leading players and what are their prospects over the forecast period.

It builds a nine-year estimate based on how the market is predicted to grow and shows what will market shares of the global region change by 2032 and which country will lead the market in 2032.