Roasted Coffee Market 2024 - By Size, Share, Trends And Growth Prospects 2033

 

Overview and Scope

Roasted coffee refers to coffee that has been roasted to bring out particular characteristics in the beans. Roasted coffee is high in vitamins, minerals, and antioxidants, which help to prevent cell damage and lessen the risk of serious illnesses such as cancer and heart disease.

 

Sizing and Forecast

The roasted coffee market size has grown strongly in recent years. It will grow from $37.42 billion in 2023 to $40.23 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%.  The  growth in the historic period can be attributed to expansion of coffee shop culture, increasing premiumization trends, growing awareness of coffee varieties, evolving consumer tastes and preferences, sustainability and ethical sourcing.

 

The roasted coffee market size is expected to see strong growth in the next few years. It will grow to $52.11 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.  The growth in the forecast period can be attributed to continued rise of specialty coffee, demand for ready-to-drink coffee products, focus on single-origin and micro-lot coffees, health and wellness trends, innovations in roasting techniques. Major trends in the forecast period include focus on sustainable and ethical sourcing, digitalization of coffee retail, global economic trends, technological advancements in roasting equipment, online sales and subscription models.

 

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Segmentation & Regional Insights

The roasted coffee market covered in this report is segmented –

1) By Type: Arabica, Robusta

2) By Distribution Channel: Business-to-Business (B2B), Business-to-Consume (B2C)

3) By Application: Convenience Stores, Foodservice and Restaurants, Online Stores

 

Europe was the largest region in the roasted coffee market in 2023. Asia-Pacific is expected to be the fastest-growing region in the roasted coffee market report during the forecast period. The regions covered in the roasted coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The increase in the consumption of coffee is expected to boost the growth of the roasted coffee market going forward. Coffee refers to a beverage created from the roasted and ground seeds of the coffee plant through percolation, infusion, or decoction. Drinking coffee has positive effects on the liver, such as lowering levels of toxic liver enzymes, reducing the risk of dying from liver cirrhosis, and preventing liver scarring in hepatitis C patients, hence, the increase in the consumption of coffee is expected to boost the roasted coffee market. For instance, in March 2022, according to NCA (National Coffee Association), a US-based trade association, coffee consumption increased by about 14% from January 2021. Coffee is now consumed daily by 66% of Americans, more than any other beverage, including tap water. Therefore, the increase in the consumption of coffee is driving the growth of the roasted coffee market.

 

Key Industry Players

Major companies operating in the roasted coffee are launching new products, such as the Tales of Italy for promoting rich heritage and distinct flavors. For instance, in July 2023, Lavazza, an Italy-based coffee company, launched Tales of Italy. Tales of Italy is a collection of locally-roasted coffee designed for promoting rich cultural heritage and storytelling traditions of Italy. It is available in three distinct flavors such as Alluring Napoli, which is manufactured from Conilon Robusta, Eternal Roma, which is a premium mix of hand-picked Colombian Arabica and Refined Milano, which is a premium blend of 100% late harvest Arabica. Tales of Italy is provided with resealable packaging with a bright and vibrant color palette.

 

The roasted coffee market report table of contents includes:

1. Executive Summary

2. Roasted Coffee Market Characteristics

3. Roasted Coffee Market Trends And Strategies

4. Roasted Coffee Market - Macro Economic Scenario

5. Global Roasted Coffee Market Size and Growth

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31. Global Roasted Coffee Market Competitive Benchmarking

32. Global Roasted Coffee Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Roasted Coffee Market

34. Roasted Coffee Market Future Outlook and Potential Analysis

35. Appendix

 

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