The Speciality Coffee Association of America has given coffee a score of above 80 on a 100-point scale, and this is referred to as specialty coffee. Specialty coffees vary from normal coffees in that they are produced at higher elevations, have a traceable origin, and are meticulously prepared after harvest. To increase quality, every stage of the process is monitored, from planting to brewing.
The quality of coffee beans is determined by optimal cultivation procedures, the gathering of ripe berries, the removal of exterior fruit layers by dry or wet methods, and the decrease of humidity. Customers' preferences for soft drinks have gradually shifted to coffee drinks. Europe produces the most coffee in the world. The major European coffee clients are Germany, United Kingdom, Spain Italy, and France.
The global specialty coffee market size is predicted to reach over USD 117.89 billion by 2028. Key market trends include the strengthening of premium coffee shops, expanding American speciality preferences, and increased demand for green coffee in emerging economies. However, some factors, such as climate uncertainty, retail concentration, and strict laws, are preventing the industry from growing.
Neverthless, agriculture production and processing will receive increasing emphasis in the future. Over the projection period, the U.K. speciality coffee sector is anticipated to benefit from a growing millennial population. Top companies in the speciality coffe industry are continuously focusing on development of advanced products which will fuel growth of the market over the nect 10 years.
Specialty Coffee Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 117.89 billion|
|Growth Rate||CAGR of 11.4% during 2021-2028|
|Segment Covered||Grade, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East & Africa|
|Key Players Profiled||Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International Coffee & Tea, LLC, Jammin Java Cor, The J.M. Smucker Company, and Strauss Group Ltd|
Key Segments of the Global Specialty Coffee Market
Grade Overview, 2019-2028 (USD Billion)
Application Overview, 2019-2028 (USD Billion)
Regional Overview, 2019-2028 (USD Billion)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global specialty coffee market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global specialty coffee market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the specialty coffee industry and their strategic initiatives for product development.
- The study covers a qualitative and quantitative analysis of the market segmented based on component, application, and industry vertical. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global specialty coffee market. The report will benefit Every stakeholder involved in the specialty coffee market.
- Managers within the specialty coffee industry looking to publish recent and forecasted statistics about the global specialty coffee market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of the global specialty coffee market.
- Analysts, researchers, educators, strategy managers, and government institutions looking for insights into the market to determine future strategies.
The global speciality coffee industry is competitive, with the top regional competitors of the industry. Major players in the global industry are Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International Coffee & Tea, LLC, Jammin Java Cor, The J.M. Smucker Company, and Strauss Group Ltd. among others.
Mergers and acquisitions, significant investments, partnerships, new product launches, and capacity growth are all essential methods used by big multinational firms to increase their market position. The top companies in the market have a big global footprint and a various product portfolio in order to meet a extensive range of customer demands. Due to rising demand from end-user industries, emerging regions are likely to become significant markets for speciality coffe throughout the projected period.
The demand for the green coffee is increasing in the developing regions across the globe which is among the major factors fuelling growth of the global speciality coffe market. As the number of customers grows, so does the number of foreign coffee shops. Furthermore, well-known coffee manufacturers focus on delivering customised, taste-based coffees to specific consumers in the region. The expansion of the specialist coffee business is propelling easy access to an 80+ series of coffee grades at a rapid pace.
The market is fragmented with several market players currently hold the major market share. However, the market is expected to become highly fragmented in the forthcoming years as several new market players are emerging from developing countries such as India, Japan, China, and other countries.
Based on the grade segment, the market is bifurcated into 80-84.99, 85-89.99, and 90-100. In 2020, the 80-84.99 garde segment accumulated the maximum market share and it is likely to continue its dominance throughout the forecast years. However, the 85-89.99 garde segment is projected to attain major growth throughout the forecast years owing to its increasing adoption in the emergion countries.
Based on the application, the market is segmented into home and commercial. The commercial sector sized the maximum market share in 2020 and it is likely to maintain its place throughout the forecast years. Globally, increased urbanisation has resulted in greater living standards and revenue available. Urban lifestyles, on the other hand, have resulted in poor health and living circumstances due to hazardous eating habits. Gourmet and speciality coffee drinks are becoming more popular in developing nations. Consumers and distributors are increasingly turning to biodrinks to win market share.
The Europe region is likely to account for the maximum market contribution during the forecast years. The domination of this region is largely attributed to huge demand for the speciality coffe in the European countries. Germany is among the world's largest coffee market. Germany used almost 170 litres of coffee per capita in 2018. Over the projection period, a growing tendency of non-alcoholic beverage consumption combined with an increase in the number of coffee shops is projected to boost specialty coffee market penetration. However, the Asia-Pacific is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the specialty coffee market in this region is mostly ascribed to the growing adoption of specialty coffee by companies in countries such as India, Japan, and China to compete against other regional players.
The major players of the global specialty coffee market are Blue Bottle Coffee Inc, Keurig Green Mountain, Inc, Caribou Coffee Company, Inc. La Colombe Torrefaction, Inc, Eight O'Clock Coffee Company, Luigi Lavazza SPA, International Coffee & Tea, LLC, Jammin Java Cor, The J.M. Smucker Company, and Strauss Group Ltd. Renowned companies are offering new and innovative specialty coffee products. They are also investing in and purchasing small firms in order to boost their profitability. Due to the industry's fierce rivalry, market concentration will be significant as significant enterprises with large market shares focus on increasing their customer base across international markets. Major competitors in the target market are using a number of business tactics to get a competitive edge in the global market, including new solutions, partnerships, mergers and acquisitions, strategic alliances, and large investments.