The global out-of-home coffee market is estimated at USD 23.2 Billion in 2022 and is projected to reach USD 36 Billion by 2032, at a CAGR of 4.5% from 2022 to 2032. Future Market Insights projects the out-of-home coffee market to remain steady, exhibiting growth at 4.5% CAGR between 2022 and 2032 in comparison to the CAGR of 3.3% posted between 2017 and 2021.
Attribute | Details |
---|---|
Out-of-home Coffee Market Size (2022E) | USD 23.2 Billion |
Out-of-home Coffee Market Projected Size (2032F) | USD 36 Billion |
Value CAGR (2022 to 2032) | 4.5% |
Top 3 Countries Market Share | 42.5% |
Rising popularity of branded coffee shops and increased spending capacity of consumers is expected to bring in new opportunities for the market. Escalating penetration of well-known coffee brands, western culture, and global exposure are predicted to be the key drivers fuelling the growth of coffee chains, majorly in the Asia-Pacific region.
According to the latest trends of hanging out with friends, colleagues and family at coffee shops is becoming common. Alongside, conducting informal business meetings at coffee brands is expected to boost the demand for out-of-home coffee in coming years. Due to this, the coffee chains have been experiencing an impressive growth during the past few years. The increased acceptance of coffee culture is seen owing to the emerging coffee stores started by different companies such as Starbucks Corporation, Coffee Day Enterprises Ltd, and Barista Coffee Co. Ltd., thus, uplifting the market growth.
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Working population are getting adapted to the changing lifestyle and advanced options. Recently, they have been visiting coffee stores to work while having a coffee. This can be attributed to various factors including availability of free-Wi-Fi and calm and relaxing environment.
Alongside, increasing consumption of instant coffee has resulted in the installation of coffee machines at commercial places such as offices or communities where consumers have all-time access to drink coffee with varied flavors when-ever they wish to.
Furthermore, the sales of instant coffee is on a hike owing to the fact that it can be quickly prepared by adding hot water to instant coffee mix. This type of coffee consists of low amount of caffeine but more of antioxidants which helps in improving the metabolism and brain function and enhancing the health of the liver if consumed on a regular basis. Due to this, instant coffee is becoming the most preferred coffee among the working population on a global scale.
Comprehending the above-mentioned scenario, the demand for out-of-home coffee is expected to increase at an increasing rate over the forecast period (2022 to 2032).
Future Market Insights projects the out-of-home coffee market to remain steady, exhibiting growth at 4.5% CAGR between 2022 and 2032 in comparison to the CAGR of 3.3% posted between 2017 and 2021.
Considering the fact that around 35% of the total European imports for green coffee beans is made by Germany, it is expected to be the country with maximum coffee consumption. Europe is the world’s largest coffee market which can be attributed to huge amount of per capita consumption on the coffee. This is predicted to increase the demand for out-of-home coffee in the regional market.
Being a country with maximum market share of out-of-home coffee around 78%, it is poised to provide maximum absolute $ opportunity for upcoming decade. This can be attributed to an increased consumption of coffee with breakfast meals by the consumers in the North American region. This is expected to boost the sales of out-of-home coffee during the assessment period (2022 to 2032).
Changing lifestyles and busier schedules of working population in India have convinced them to change their preferences over time. Due to this, an increased consumption of instant coffee by the consumers has been noticed during past few years. This is predicted to increase the demand for out-of-home coffee in the next few years. Furthermore, India is expected to account for the maximum market share of the South Asia market by 2032 end.
The latest trend of coffee culture in developing economies like China and India owing to changing lifestyle and busy timelines is likely to result in surging demand for out-of-home coffee in the coming years. Varied flavors of out-of-home coffee such as cappuccino, latte and green coffee have attracted a larger number of customers. Furthermore, instant coffee is expected to gain a higher market share out of all product types by 2032 end.
Indirect channel in the out-of-home coffee market is expected to show a major market value share than that of the direct channel owing to the highest consumption of coffee beans from hypermarket/supermarket. It is predicted to continue exhibiting high growth through the forecast period (2022 to 2032).
The market consists of large number of competitors. Some of the top out-of-home coffee market participants such J.M. Smucker Company, Kraft Heinz Company, The Lavazza Group, Starbucks Corporation, Nestle S.A., and others are focusing on introducing and innovating a wide variety and flavors of products in order to attract a large number of customers and enhance brand loyalty.
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Attribute | Details |
---|---|
Forecast Period | 2022 to 2032 |
Historical Data Available for | 2017 to 2021 |
Market Analysis | USD Billion for Value and MT for Volume |
Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania and the Middle East & Africa |
Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, UK, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
Key Segments Covered | Product Type, End Use, Distribution Channel, and Region |
Key Companies Profiled | The J. M. Smucker Company; The Kraft Heinz Company; The Lavazza Group; Starbucks Corporation; Nestle S.A.; Dunkin' Brands Group; JAB Holding Company (JDE Peet's N.V.); MTPak Coffee; Matthew Algie & Company Ltd.; Tata Global Beverages; Strauss Group Ltd. ; Jacobs Douwe Egberts; Tchibo Coffee International Ltd. ; Others |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The out-of-home coffee is expected to reach a value of USD 23.2 Billion by 2022 end.
Out-of-home coffee consumption is expected to increase at a CAGR of around 4.5% over the forecast period (2022 to 2032).
Market players are opting for partnership, mergers and acquisitions, product innovation and production capacity expansion.
Top 10 companies of out-of-home coffee including J.M. Smucker Company, Kraft Heinz Company, The Lavazza Group, Starbucks Corporation, Nestle S.A., and others hold around 40-45% of the market share.
China and USA are the major countries driving demand for out-of-home coffee.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Instant Coffee 5.2. Portioned Coffee 5.3. Roasted Coffee 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. HoReCa 6.2. Commercial/Office 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 7.1. Direct 7.2. Indirect 7.2.1. Hypermarkets/Supermarkets 7.2.2. Specialty Stores 7.2.3. Independent Retailers 7.2.4. Online Retailers 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. East Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. South Asia Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Oceania Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. The J.M. Smucker Company 18.2. The Kraft Heinz Company 18.3. The Lavazza Group 18.4. Starbucks Corporation 18.5. Nestle S.A. 18.6. Dunkin Brands Group 18.7. JAB Holding Company (JDE Peet's N.V.) 18.8. Mtpak Coffee 18.9. Mattthew Algie & Company Ltd. 18.10. Tata Global Beverages 18.11. Strauss Group Ltd. 18.12. Jacobs Douwe Egberts 18.13. Tchibo Coffee International Ltd. 18.14. Others on Additional Request 19. Assumptions & Acronyms Used 20. Research Methodology
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