Specialty Coffee Market Size, Growth, Trends | Report 2023-2032
The global specialty coffee market was surpassed at USD 21,916.25 million in 2022 and is expected to hit around USD 64,162.08 million by 2032, growing at a CAGR of 11.34% from 2023 to 2032.
Key Pointers
Report Scope of the Specialty Coffee Market
| Report Coverage | Details |
| Market Size in 2022 | USD 21,916.25 million |
| Revenue Forecast by 2032 | USD 64,162.08 million |
| Growth rate from 2023 to 2032 | CAGR of 11.34% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Starbucks Coffee Company; F. Gaviña & Sons, Inc. (Don Francisco’s Coffee); Barista Coffee Company limited; Coffee Day Enterprises Ltd.; Blue Bottle Coffee, Inc.; Eight O’Clock Coffee Company; Keurig Green Mountain, Inc.; Costa Coffee; The J.M. Smucker Company; Inspire Brands(DD IP Holder LLC) |
The market expansion is anticipated to be fueled by the rising preference for ready-to-drink coffee and premium coffees and increasing number of coffee shops globally.
The growing demand for specialty coffee can be attributed to a variety of factors, including the desire for high-quality, flavorful coffee experiences, and increased awareness of ethical & sustainable sourcing practices. As coffee culture continues to thrive, consumers are seeking unique experiences, with specialty coffee shops and cafes serving as popular social destinations. Health-conscious individuals are also drawn to specialty coffee, which often uses higher quality beans and more refined roasting processes. Social media has further amplified interest in specialty coffee by showcasing new products and trends. In November 2021, Lavazza Group and Ducasse Paris have collaborated to establish a new specialty coffee range and brand. They've released seven coffee bean flavors, each with a unique blend of components.
The COVID-19 pandemic had a significant impact on the market for specialty coffee. The pandemic caused disruptions in the global supply chain, affecting the availability and cost of raw materials, including coffee beans. This resulted in higher prices for specialty coffee and potential shortages in some regions. However, with people staying home and working remotely, there was a surge in demand for online coffee sales and delivery services. Specialty coffee roasters and retailers pivoted to e-commerce platforms to cater to this demand, which helped mitigate some of the losses from in-person sales.
Age Group Insights
The age group between 18-24 dominated the age group segment with a share of 32.73% in 2022. The growing popularity of specialty coffee among this category is attributed to the growing interest in food and beverage, value of authenticity and unique experiences, focus on health and sustainability, and the impact of social media and digital technology.
The age group between 25-39 is estimated to expand at a CAGR of about 12.05% during the forecast period. This segment has witnessed immense popularity over the past few years. As people of this age bracket are more open to experimenting with new tastes, brewing methods, and coffee origins, which specialty coffee readily provides. Moreover, specialty coffee also offers a wide range of customization options, allowing individuals to tailor their coffee experience to their preferences, making it more appealing to this demographic.
Application Insights
The commercial segment dominated the application segment with a share of 74.33% in 2022. Commercial specialty coffee chains have a wider network of stores, allowing them to reach a larger number of consumers across various regions. In addition, the growing awareness and appreciation for higher-quality coffee have also led to an increase in demand for specialty coffee. This drives commercial businesses, such as coffee shops and restaurants, to offer specialty coffee options to attract customers and stay competitive in the market.
The home application segment is estimated to expand at a CAGR of 11.86% during the forecast period. The segment growth is attributed to the increasing availability and affordability of specialty coffee brewing equipment, such as espresso machines, pour-over setups, and high-quality grinders that have made it easier for home consumers to replicate the cafe experience at home.
Distribution Channel Insights
The online distribution channel dominated the distribution channel segment with a share of 44.46% in 2022 and is estimated to expand at highest CAGR of 12.32% during the forecast period. The shift in consumer preference toward online channels is due to the convenience such as high discounts, availability of a diverse range of products on a single platform, easy payment methods, on-door delivery, and others. Additionally, online retailers often carry a large variety of specialty coffees with different flavors and brands, such as blue tokai, ARAKU coffee, Grey Soul, and Coffeeza that may not be available at traditional brick-and-mortar stores. Furthermore, it also allows consumers to choose the product that best fits their needs.
The convenience stores distribution channel segment is estimated to expand at a significant CAGR of 10.82% during the forecast period. Convenience stores are often located in easily accessible areas, such as neighborhoods or near workplaces, making it simple for customers to pick up their preferred specialty coffee on the go. Furthermore, convenience stores occasionally offer in-store tasting or sampling events, which give customers a chance to try specialty coffee before committing to a purchase. This can lead to increased interest and sales of specialty coffee products.
Regional Insights
Europe dominated the market with a share of 30.83% in 2022. The rising interest in premium specialty coffee varieties has contributed significantly to the region's growth. According to CBI, consumption at specialized coffee shops serving primarily high-quality coffees is increasing rapidly in Western Europe. The number of coffee shops providing specialty coffee in Western Europe increased by 18% between 2018 and 2020, reaching 24,290 in 2020. Additionally, factors such as the expansion of mainstream coffee players, increased disposable incomes, and a more sophisticated coffee culture are expected to further enhance the specialty coffee market growth in this region.
Asia Pacific is expected to witness a CAGR of 13.62% from 2023 to 2032. The growing popularity of pickup shops, rapid urbanization and the adoption of modern lifestyles in the region have led to an increased interest in western coffee culture, which includes the consumption of specialty coffee.
Specialty Coffee Market Segmentations:
By Age Group
By Application
By Distribution Channel
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Age Group Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Specialty Coffee Market
5.1. COVID-19 Landscape: Specialty Coffee Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Specialty Coffee Market, By Age Group
8.1. Specialty Coffee Market, by Age Group, 2023-2032
8.1.1 18-24
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. 25-39
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. 40-59
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Above 60
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Specialty Coffee Market, By Application
9.1. Specialty Coffee Market, by Application, 2023-2032
9.1.1. Home
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Commercial
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Specialty Coffee Market, By Distribution Channel
10.1. Specialty Coffee Market, by Distribution Channel, 2023-2032
10.1.1. Supermarkets/Hypermarkets
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Convenience stores
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Online
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Specialty Coffee Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.1.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.2.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.3.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Application (2020-2032)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Age Group (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Application (2020-2032)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2020-2032)
Chapter 12. Company Profiles
12.1. Starbucks Coffee Company
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. F. Gaviña & Sons, Inc. (Don Francisco’s Coffee)
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Barista Coffee Company limited
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Coffee Day Enterprises Ltd.
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Blue Bottle Coffee, Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Eight O’Clock Coffee Company
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Keurig Green Mountain, Inc.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Costa Coffee
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. The J.M. Smucker Company
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Inspire Brands(DD IP Holder LLC)
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers