January 05, 2025 – The global roasted coffee market is set to experience steady growth, with a projected Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period from 2024 to 2032. This expansion is driven by the increasing global demand for premium and specialty coffee, and the significant growth potential in the Asia-Pacific region.
Key Highlights:
- The roasted coffee market is expected to grow at a CAGR of 4.2% from 2024 to 2032.
- Increasing demand for premium and specialty coffee and the expansion in the Asia-Pacific region are key market drivers.
- All roast level segmentations are anticipated to experience significant growth.
- The Asia-Pacific region, along with North America and Europe, are set to witness substantial growth during the forecast period.
Market Scope and Overview:
The roasted coffee market encompasses diverse coffee types and applications, segmented by roast levels (Light, Medium, Dark) and applications (Retail, Catering, Others), reflecting global coffee culture.
Market Drivers and Opportunities:
- Driver: Increasing Global Demand for Premium and Specialty Coffee: Consumers seek unique, high-quality coffee experiences, driving demand for premium and specialty offerings.
- Opportunities: Expansion in the Asia-Pacific Region: Untapped markets in China and Japan offer significant growth potential for diverse roast profiles and specialty coffees.
Impact of COVID-19:
The COVID-19 pandemic shifted consumption patterns to home brewing, accelerated e-commerce adoption, and increased demand for health-oriented coffee products.
Segmentation Analysis:
- All roast level segmentations (Light, Medium, Dark) are anticipated to grow significantly, catering to diverse consumer preferences.
- Retail and Catering applications are set to grow significantly, along with other applications.
Regional Analysis:
- North America: A hub for specialty and artisanal coffee, driven by consumer demand for unique experiences.
- Europe: Strong demand for medium and dark roast coffees, reflecting rich café culture and tradition.
- Asia-Pacific: Rapidly growing market with increasing coffee consumption and interest in diverse roast profiles.
Competitive Landscape:
The roasted coffee market is competitive, with key players focusing on product innovation and market expansion. Major players include Nestlé, JDE Peet’s, Starbucks, Lavazza, and others.
Recent Developments:
- On November 29, 2023, Nestlé expressed optimism about the growth potential of coffee markets in India and China.
Scope of the Report:
This report provides a comprehensive analysis of the roasted coffee market, segmented by type (light roast, medium roast, dark roast), application (retail, catering, others), and region (North America, Europe, Asia Pacific, Rest of the World).
