Aromatic fresh coffee beans in vintage packaging

Report Highlights on the Specialty Coffee Market:

Report Highlights on the Specialty Coffee Market:

The 18-24 age group claimed the largest market share at 32.7% in 2022, driven by their inclination towards new and unique flavors, making specialty coffee a preferred choice. Meanwhile, the 25-39 age group is anticipated to exhibit the fastest Compound Annual Growth Rate (CAGR) of 12.0% over the forecast period. This growth is attributed to their pursuit of authenticity and unique brewing methods, aligning with their preference for novelty and distinctive experiences.

In 2022, the commercial segment secured a substantial share of 74.3%, reflecting the growing awareness and appreciation for higher quality coffee. The surge in demand for specialty coffee has propelled businesses, including coffee shops and restaurants, to incorporate specialty coffee options to attract customers and maintain competitiveness. Conversely, the home segment is projected to witness the fastest CAGR of 11.8% during the forecast period.

The online segment has emerged as the dominant market force and is expected to maintain its prominence with the highest CAGR of 12.3% throughout the forecast period. This is attributed to the convenience offered by online distribution channels such as Walmart and Amazon, allowing consumers to easily compare prices, features, and reviews, facilitating informed purchasing decisions and ensuring optimal value for money.

Europe led the market share in 2022 with a substantial 30.8%, buoyed by the presence of key market players like Square Mile Coffee Roasters, Gardelli Specialty Coffees, and Tim Wendelboe. The region’s well-established coffee culture, particularly in countries like Italy, France, and Spain, contributes to the openness of Europeans towards exploring and appreciating high-quality coffee experiences. On the other hand, the Asia Pacific region is poised to experience the fastest CAGR of 13.6% over the forecast period.

Key Report Attributes:

  • No. of Pages: 100
  • Forecast Period: 2022 – 2030
  • Estimated Market Value (USD) in 2022: $21,916.2 Million
  • Forecasted Market Value (USD) by 2030: $51,404 Million
  • Compound Annual Growth Rate: 11.3%
  • Regions Covered: Global

Key Topics Covered in the Report:

  • Methodology and Scope
  • Executive Summary
  • Specialty Coffee Market Variables, Trends & Scope
  • Consumer Behavior Analysis
  • Specialty Coffee Market: Age Group Analysis & Estimates
  • Specialty Coffee Market: Application Analysis & Estimates
  • Specialty Coffee Market: Distribution Channel Analysis & Estimates
  • Specialty Coffee Market: Regional Estimates & Trend Analysis
  • Specialty Coffee Market- Competitive Landscape

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