Roasted Coffee Market Share to Witness Significant Revenue Growth Roasted Coffee Industry The global

Rahul Nikade

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Roasted Coffee Market Share to Witness Significant Revenue Growth

Roasted Coffee Industry

The global roasted coffee market size is estimated to reach USD 66.41 billion in 2030, growing at a CAGR of 5.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing popularity of coffee as a social beverage, particularly among millennials and Gen Z, is fostering a culture of coffee shops and cafes, thereby boosting product consumption. Moreover, health-conscious consumers are drawn to the purported health benefits of coffee, such as its antioxidant properties and potential cognitive benefits, further solidifying its appeal. As per the data published by Wisevoter in 2023, the U.S. is ranked as the top country that consumes the most coffee, i.e., approximately 26.7 million coffee bags.

Consumers are becoming increasingly discerning about their coffee choices, seeking out artisanal roasts and sustainable production methods. This trend is evident in the proliferation of independent coffee roasters and the growing popularity of online coffee subscription services. Moreover, the rise of coffee culture, with its emphasis on artisanal roasters, coffee shops, and barista art, has also played a significant role in driving demand for roasted coffee. Besides, manufacturers are maintaining their competitive edge by diversifying their product lines with specialty coffees such as single-origin, organic, and fair-trade options and expanding into new markets.

Consumers, particularly in emerging economies, are seeking out higher-quality, specialty coffees, driving demand for ethically sourced, sustainably produced beans. This trend is further fueled by the increasing popularity of single-origin coffees and unique brewing methods, such as pour-over and cold brew, which allow consumers to appreciate the nuances of different coffee varietals and roasting profiles. Moreover, the market is witnessing a shift towards premiumization, with consumers increasingly willing to pay a premium for high-quality beans and specialty roasts. This trend is evident in the growing popularity of single-origin coffees, direct trade sourcing, and specialty coffee shops that offer a wide range of brewing methods and coffee knowledge.

The Arabica roasted coffee segment held a major share of the market in 2023, owing to their generally superior taste profile characterized by nuanced flavors, lower bitterness, and pleasant acidity. Moreover, Arabica has a moderate and subtle taste and lower caffeine content. Arabica coffee's presence in high-quality espresso blends and gourmet coffee products, as well as its popularity in specialty drinks like lattes and cappuccinos, significantly boosts its market share. Besides, the rise of gourmet and specialty coffee markets has further boosted the demand for Arabica coffee beans. These markets emphasize unique coffee flavors, making Arabica beans a natural fit. Coffee enthusiasts are willing to pay premium prices for the nuanced flavors that Arabica coffee offers, contributing to the growth of this market segment.

The B2B segment held the largest share in 2023. B2B distributors emphasize consistent product quality, reliable deliveries, and personalized customer service. These elements contribute to building trust and loyalty with their clients over time, transforming them into long-term partners rather than mere suppliers. Online B2B marketplaces provide convenient avenues for businesses to explore a broad spectrum of coffee options and suppliers, streamlining the procurement process. This efficiency factor further drives the preference for the B2B distribution channel.

Gather more insights about the market drivers, restrains and growth of the Global Roasted Coffee market

Roasted Coffee Market Segments Highlights:

Asia Pacific is expected to grow with a considerable CAGR over the forecast period from 2024 to 2030. The changing consumer preferences and the increasing popularity of cafe culture are driving the product demand in the region. Moreover, increased e-commerce access and the entry of international brands further enhance market growth
Based on product, the robusta coffee segment is estimated to grow with a substantial CAGR over the forecast period. Robusta coffee's affordability appeals to budget-conscious consumers and supports its use in blends and instant coffee, particularly in growing emerging markets
Based on distribution channel, the B2C segment is estimated to grow with a substantial CAGR over the forecast period. An increasing number of online sales platforms and subscription services, along with the growing consumer demand for convenient and diverse coffee options, is driving segment growth

Roasted Coffee Market Report Segmentation

Grand View Research has segmented the global roasted coffee market based on product, distribution channel and region:

Roasted Coffee Product Outlook (Revenue, USD Million, 2018 - 2030)