Global specialty coffee market to reach $51 billion by 2030

Published 2023년 11월 30일

Tridge summary

The global specialty coffee market is projected to reach USD 51,404.0 million by 2030, growing at a CAGR of 11.3% from 2023 to 2030. This growth is attributed to the increasing preference for ready-to-drink and premium coffees, as well as the rising number of coffee shops worldwide. Factors driving the demand for specialty coffee include the desire for high-quality and flavorful coffee experiences, ethical and sustainable sourcing practices, and the appeal of unique and authentic brewing methods, especially among the 18-24 and 25-39 age groups. Europe currently holds the largest market share, while the Asia Pacific region is expected to grow at the fastest rate over the forecast period.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

DUBLIN, Ireland – The global specialty coffee market size is expected to reach USD 51, 404.0 million by 2030, expanding at 11.3% CAGR from 2023 to 2030. 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, says the Specialty Coffee Market Size, Share & Trends Analysis Report By Age Group, By Application, By Distribution Channel, By Region, And Segment Forecasts, 2023 – 2030″, recently released by ResearchAndMarkets.com 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 ...
Source: Comunicaffe

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