Home > Food, Nutrition & Animal Feed > Roasted Coffee Market
Roasted Coffee Market Size By Type (Robusta, Arabica), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online, Others), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, 2023 - 2032
- Report ID: GMI5462
Roasted Coffee Market size exceeded USD 42 billion in 2022 and is anticipated to grow at a CAGR of 5.5% from 2023 to 2032. To achieve delicious and aromatic coffee, it is essential to roast green coffee beans and transform them into brown beans. This process involves subjecting the beans to high temperatures, inducing significant chemical changes in the beans' composition. One notable change is the caramelization of sugars present in the beans, resulting in the rich brown color that is characteristic of roasted coffee beans. Overall, the roasting process is crucial for unlocking the full potential of coffee beans and creating the unique flavor & aroma that coffee enthusiasts enjoy.
Get more details on this report - Request Free Sample PDF
The consumption of coffee has witnessed a significant rise across all age groups due to its numerous health benefits. These benefits include a lower risk of developing diabetes, reduced chances of Alzheimer's & Parkinson's diseases, prevention of heart failure, and promotion of liver & stomach health. As a result, coffee has become a popular choice for health-conscious consumers. Furthermore, the preference for coffee over other beverages among the younger generations, such as Gen Z and millennials, in emerging countries has fueled the roasted coffee market growth.
The food & beverage industry faced significant disruptions in the supply chain and distribution channels due to the COVID-19 pandemic. However, the global roasted coffee market emerged relatively unscathed as the pandemic led to a surge in the consumption of coffee at home. The temporary closure of commercial places including cafes and restaurants contributed to this trend. In November 2021, the National Coffee Association (NCA) released a report indicating that the pandemic led to a significant increase in at-home coffee consumption.
Get more details on this report - Request Free Sample PDF
Coffee is one of the most widely consumed beverages in the world. In 2020/2021, around 166.63 million 60-kilogram bags of coffee were consumed worldwide, a slight increase from 164 million bags in the previous year. Coffee remains one of the most popular and widely consumed beverages globally and its consumption continues to rise. A consumer poll conducted by the National Coffee Association (NCA) in the U.S. in March 2022 revealed that daily coffee consumption by the U.S. population had increased by 14% since 2021, reaching 66% of the total population.
Based on type, the arabica segment dominates the roasted coffee market and is expected to continue leading during the forecast period, attributed to its significant global production and consumption. According to the International Coffee Organization's report, approximately 168 million bags of arabica coffee, each weighing 60 kg, were produced in 2019. Arabica coffee is highly sought-after and favored by coffee experts and enthusiasts owing to its rich flavor and sweetness. Furthermore, its mild & delicate taste and relatively low caffeine content make it a popular choice among consumers, contributing to the segment's growth.
Based on the distribution channel, the roasted coffee market from hypermarkets & supermarkets segment generated the highest revenue share in 2022, credited to the convenience these stores offer to buyers. Moreover, this segment is expanding due to the availability of a diverse range of roasted coffee with varying prices and brands for buyers.
Get more details on this report - Request Free Sample PDF
In 2022, North America held the largest revenue share in the roasted coffee market, primarily due to the region's high coffee consumption rate. This has resulted in the area's growth, mainly driven by customers' growing interest in Robusta & Arabica coffee and the increasing consumption of roasted coffee. The rising per capita income, evolving coffee preferences, and the surging coffee consumption in the region are expected to drive the market.
Some of the leading companies involved in the roasted coffee market include Nestle S.A., Starbucks Coffee Company, JDE Peet's N.V., Tchibo GmbH (maxingvest ag), LUIGI LAVAZZA S.p.A., Strauss Coffee B.V. (Strauss Group Ltd), The J.M Smucker Company, UCC Ueshima Coffee Co., Ltd. (UCC Holdings Co., Ltd.), Massimo Zanetti Beverage Group S.p.A, and Melitta Group. These companies are investing in research & development activities and continuously taking strategic initiatives, such as new product launches, to strengthen their market position. For instance, in March 2022, Massimo Zanetti Beverage USA broadened its presence in Virginia, U.S., to expand its operations and achieve future growth in the area.