Product Code: 138118-01-23
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 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
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.
Market Segmentation
Application
Food
Beverages
Neutraceutical
Others (Cosmetic, etc.)
Distribution Channel
Food Service
Super and Hyper Market
Online
Specialty Stores
Convenience stores
Region Segment (2021-2031; 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
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 2031.
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?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Specialty Coffee Market
- 2.2. Global Specialty Coffee Market, By Application, 2022 (US$ Million)
- 2.3. Global Specialty Coffee Market, By Distribution Channel, 2022 (US$ Million)
- 2.4. Global Specialty Coffee Market, By Geography, 2022 (US$ Million)
- 2.5. Attractive Investment Proposition by Geography, 2022
3. Specialty Coffee Market: Competitive Analysis
- 3.1. Market Positioning of Key Specialty Coffee Market Vendors
- 3.2. Strategies Adopted by Specialty Coffee Market Vendors
- 3.3. Key Industry Strategies
- 3.4. Tier Analysis 2022 Versus 2031
4. Specialty Coffee Market: Macro Analysis & Market Dynamics
- 4.1. Introduction
- 4.2. Global Specialty Coffee Market Value, 2021 - 2031, (US$ Million)
- 4.3. Market Dynamics
- 4.3.1. Market Drivers
- 4.3.2. Market Restraints
- 4.3.3. Key Challenges
- 4.3.4. Key Opportunities
- 4.4. Impact Analysis of Drivers and Restraints
- 4.5. See-Saw Analysis
5. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2022 Versus 2031
- 5.3. Market Segmentation
- 5.3.1. Food
- 5.3.2. Beverages
- 5.3.3. Neutraceutical
- 5.3.4. Others (Cosmetic, etc.)
6. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2022 Versus 2031
- 6.3. Market Segmentation
- 6.3.1. Food Service
- 6.3.2. Super and Hyper Market
- 6.3.3. Online
- 6.3.4. Specialty Stores
- 6.3.5. Convenience stores
7. North America Specialty Coffee Market, 2021-2031, USD (Million)
- 7.1. Market Overview
- 7.2. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 7.3. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 7.4.Specialty Coffee Market: By Region, 2021-2031, USD (Million)
- 7.4.1.North America
- 7.4.1.1. U.S.
- 7.4.1.1.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 7.4.1.1.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 7.4.1.2. Canada
- 7.4.1.2.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 7.4.1.2.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 7.4.1.3. Rest of North America
- 7.4.1.3.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 7.4.1.3.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
8. UK and European Union Specialty Coffee Market, 2021-2031, USD (Million)
- 8.1. Market Overview
- 8.2. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.3. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.Specialty Coffee Market: By Region, 2021-2031, USD (Million)
- 8.4.1.UK and European Union
- 8.4.1.1. UK
- 8.4.1.1.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.1.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.1.2. Germany
- 8.4.1.2.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.2.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.1.3. Spain
- 8.4.1.3.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.3.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.1.4. Italy
- 8.4.1.4.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.4.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.1.5. France
- 8.4.1.5.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.5.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 8.4.1.6. Rest of Europe
- 8.4.1.6.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 8.4.1.6.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
9. Asia Pacific Specialty Coffee Market, 2021-2031, USD (Million)
- 9.1. Market Overview
- 9.2. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.3. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.Specialty Coffee Market: By Region, 2021-2031, USD (Million)
- 9.4.1.Asia Pacific
- 9.4.1.1. China
- 9.4.1.1.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.1.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.1.2. Japan
- 9.4.1.2.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.2.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.1.3. India
- 9.4.1.3.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.3.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.1.4. Australia
- 9.4.1.4.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.4.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.1.5. South Korea
- 9.4.1.5.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.5.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 9.4.1.6. Rest of Asia Pacific
- 9.4.1.6.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 9.4.1.6.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
10. Latin America Specialty Coffee Market, 2021-2031, USD (Million)
- 10.1. Market Overview
- 10.2. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 10.3. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 10.4.Specialty Coffee Market: By Region, 2021-2031, USD (Million)
- 10.4.1.Latin America
- 10.4.1.1. Brazil
- 10.4.1.1.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 10.4.1.1.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 10.4.1.2. Mexico
- 10.4.1.2.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 10.4.1.2.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 10.4.1.3. Rest of Latin America
- 10.4.1.3.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 10.4.1.3.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
11. Middle East and Africa Specialty Coffee Market, 2021-2031, USD (Million)
- 11.1. Market Overview
- 11.2. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 11.3. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 11.4.Specialty Coffee Market: By Region, 2021-2031, USD (Million)
- 11.4.1.Middle East and Africa
- 11.4.1.1. GCC
- 11.4.1.1.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 11.4.1.1.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 11.4.1.2. Africa
- 11.4.1.2.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 11.4.1.2.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
- 11.4.1.3. Rest of Middle East and Africa
- 11.4.1.3.1. Specialty Coffee Market: By Application, 2021-2031, USD (Million)
- 11.4.1.3.1. Specialty Coffee Market: By Distribution Channel, 2021-2031, USD (Million)
12. Company Profile
- 12.1. Dunkin' Brands Group
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Starbucks
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. McDonald's
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Whitbread
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. Restaurant Brands International
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. Barista Coffee
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. Coffee Day Enterprises
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. Caribou Coffee
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Coffee Beanery Peet's Coffee & Tea
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. Global Baristas US
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
- 12.11. BLUE BOTTLE COFFEE Inc.
- 12.11.1. Company Overview
- 12.11.2. Financial Performance
- 12.11.3. Product Portfolio
- 12.11.4. Strategic Initiatives
- 12.12. Brew Berrys Hospitality Pvt Ltd.
- 12.12.1. Company Overview
- 12.12.2. Financial Performance
- 12.12.3. Product Portfolio
- 12.12.4. Strategic Initiatives
- 12.13. Caffe Nero Group Ltd.
- 12.13.1. Company Overview
- 12.13.2. Financial Performance
- 12.13.3. Product Portfolio
- 12.13.4. Strategic Initiatives
- 12.14. Costa Ltd.
- 12.14.1. Company Overview
- 12.14.2. Financial Performance
- 12.14.3. Product Portfolio
- 12.14.4. Strategic Initiatives
- 12.15. Doutor Coffee Co. Ltd.
- 12.15.1. Company Overview
- 12.15.2. Financial Performance
- 12.15.3. Product Portfolio
- 12.15.4. Strategic Initiatives
- 12.16. Ediya Co. Ltd.
- 12.16.1. Company Overview
- 12.16.2. Financial Performance
- 12.16.3. Product Portfolio
- 12.16.4. Strategic Initiatives
- 12.17. Gloria Jeans Coffees International Pty Ltd.
- 12.17.1. Company Overview
- 12.17.2. Financial Performance
- 12.17.3. Product Portfolio
- 12.17.4. Strategic Initiatives
- 12.18. Grupo Herdez SAB de CV
- 12.18.1. Company Overview
- 12.18.2. Financial Performance
- 12.18.3. Product Portfolio
- 12.18.4. Strategic Initiatives
- 12.19. Inspire Brands Inc.
- 12.19.1. Company Overview
- 12.19.2. Financial Performance
- 12.19.3. Product Portfolio
- 12.19.4. Strategic Initiatives
- 12.20. Keurig Green Mountain Inc.
- 12.20.1. Company Overview
- 12.20.2. Financial Performance
- 12.20.3. Product Portfolio
- 12.20.4. Strategic Initiatives
- 12.21. La Colombe Torrefaction Inc.
- 12.21.1. Company Overview
- 12.21.2. Financial Performance
- 12.21.3. Product Portfolio
- 12.21.4. Strategic Initiatives
- 12.22. Luckin Coffee Inc.
- 12.22.1. Company Overview
- 12.22.2. Financial Performance
- 12.22.3. Product Portfolio
- 12.22.4. Strategic Initiatives
- 12.23. Others
- 12.23.1. Company Overview
- 12.23.2. Financial Performance
- 12.23.3. Product Portfolio
- 12.23.4. Strategic Initiatives