Home / Beverages / Specialty Coffee Market By  Application (Food, Beverages, Neutraceutical, Others (Cosmetic, etc.)), By Distribution Channel ( Food Service, Super and Hyper Market , Online, Specialty Stores , Convenience stores) - Growth, Share, Opportunities & Competitive Analysis, 2023 – 2031

Specialty Coffee Market By  Application (Food, Beverages, Neutraceutical, Others (Cosmetic, etc.)), By Distribution Channel ( Food Service, Super and Hyper Market , Online, Specialty Stores , Convenience stores) - Growth, Share, Opportunities & Competitive Analysis, 2023 – 2031


Coffee is considered as one of the largest traded commodity, produced mainly in Brazil, Indonesia and Guatemala etc. among other countries in the world. Coffee which scores more than 80 points on a 100-point scale is termed as "specialty." Specialty coffee shops are referred as outlets that sell premium specialty coffee along with other foods and beverages. Usually, specialty coffee shops generates almost 55% of its sales from coffee or products closely associated with coffee.

Global specialty coffee market is estimated to witness growth in the upcoming years mainly due to rise in per capita consumption of specialty coffee majorly from the younger segment. High demand for specialty coffee stimulates specialty coffee vendors to invest on research and development, introduce new flavor, product diversification, etc. In order to be more accessible and to attract and retain specialty coffee consumers, key vendors have come up with technological innovations which aimed to ease monetary transactions post coffee consumption. Other stimulant to increase specialty coffee consumption is rewarding loyalty points to regular customers of specialty coffee. These promotional offers, product innovation, etc. are anticipated to boost the global specialty coffee market. However, some restraints of the market include fluctuation of price in coffee beans coupled with shortage of supply of the same during unfavorable weather conditions.  

Based on application, the global specialty coffee market is segmented into food, beverages, nutraceuticals, and others which include cosmetic and others. On basis of distribution channel, food service, super and hyper market, online, specialty stores and convenience stores are the sub-segments. 

By geography, the global specialty coffee market is segmented into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. In 2022, Europe is the market leader in global specialty coffee market both in terms of value and volume closely followed by North America. Rapid increase in number of coffee shops, along with local coffee brands and baristas are driving the growth of European specialty coffee market. Major countries in Europe like U.K, Italy, and Germany are contributing for growth of this market. Apart from this, North America witnessed rapid growth, this is attributed to rising coffee consumption in U.S mainly among the younger age group coupled with strong growth in daily specialty coffee drinkers’ thus further strengthening demand for specialty coffee.

Market Dynamics

Driver : The Increasing consumption of coffee is notably driving the specialty coffee shops market growth

Trend: The increasing popularity of coffee among Millennials is a key trend in the specialty coffee

Challenge: The fluctuating prices of coffee beans are will impede the specialty coffee shops market

Key players across the global specialty coffee market value chain are:

Dunkin' Brands Group, Starbucks, McDonald's, Whitbread, Restaurant Brands International, Barista Coffee, Coffee Day Enterprises, Caribou Coffee, Coffee Beanery Peet's Coffee & Tea, Global Baristas US, BLUE BOTTLE COFFEE Inc., Brew Berrys Hospitality Pvt Ltd., Caffe Nero Group Ltd., Costa Ltd., Doutor Coffee Co. Ltd., Ediya Co. Ltd., Gloria Jeans Coffees International Pty Ltd., Grupo Herdez SAB de CV, Inspire Brands Inc., Keurig Green Mountain Inc., La Colombe Torrefaction Inc., Luckin Coffee Inc. Others.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Specialty Coffee market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Specialty Coffee market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Million
Segmentation
Application
  • Food
  • Beverages
  • Neutraceutical
  • Others (Cosmetic, etc.)

Distribution Channel
  • Food Service
  • Super and Hyper Market
  • Online
  • Specialty Stores
  • Convenience stores

 Region Segment (2020–2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Specialty Coffee market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Specialty Coffee market?
  • Which is the largest regional market for Specialty Coffee market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Specialty Coffee market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Specialty Coffee market worldwide?
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