Global Foodservice Coffee Market - 2023-2030

Global Foodservice Coffee Market - 2023-2030

Market Overview

The global foodservice coffee market reached US$ 422 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 546 billion by 2030. The market is expected to exhibit a CAGR of 4.12% during the forecast period (2023-2030).

Coffee prepared and packaged for use in restaurants, cafes, and other food service establishments is known as foodservice coffee. It is guaranteed that it delivers a punch and keeps consumers energized throughout the day, it is often brewed with a higher percentage of caffeine than normal coffee. As it keeps clients alert and productive while they are dining out, foodservice coffee is a crucial component of the food service industry. People can get coffee or other drinks in coffee cafes and beverage stores. These businesses are typically located in a city's core business center.

They contribute to tax revenues, which in turn help the economy of the nation to generate income. Also, the increase in consumer disposable income and large investments in food service infrastructure are promoting the market growth. Due to rising consumer spending on upscale foods like coffee, the share of the global food service coffee market is expected to increase over the forecast period.

Market Dynamics

The demand for coffee services has driven the market growth due to the increase in the number of coffee shops

The rising number of coffee shops resulting in greater demand for coffee service is fueling the growth of the foodservice coffee market. Many coffee manufacturers have customarily given non-dairy coffee consumers with usual selections like almond or coconut milk, by providing a wider range of alternatives. Many coffee shops provide matcha, soy, and oat milk in place of dairy products. A large selection of alternatives makes coffee shops more appealing to customers who are lactose intolerant, vegan, following a dairy-free diet, or simply looking for something different. All these factors are expected to drive growth of the market during the forecast period.

Increasing trend of long working hours among employees increases the demand for coffee, thereby driving the market growth

According to the Centers for Disease Control and Prevention (CDC), 80% of American adults consume caffeine daily. According to the most recent CDC updates, caffeine has a half-life of 5 to 6 hours and takes around 30 minutes to take action, while it can linger in the system for much longer. The consumption of coffee rises quickly as a result of the extended workdays of employees, which is credited with helping workers stay awake.

Moreover, there are more chances for interactions among coworkers at work. It is believed that coffee shops represent a lifestyle that is being emphasized by the demand for modernism. Coffee shops have developed into social hubs where people congregate. People occasionally go out and choose cafes due to the late-night work atmosphere. The foodservice coffee market will continue to expand due to the rising tendency of extended working hours among employees.

COVID-19 Impact Analysis

The COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global foodservice coffees market is segmented based on type, application, and region.

Rising demand for take away meals will drive the take away/delivery segment growth.

The takeaway/delivery segment is expected to grow at a rapid pace over the forecast period. This is owing to the rising consumer demand for products that can be used on-the-go. Convenience meals are preferred by consumers because it requires little effort on the part of the consumer to prepare and consume the food. On the other hand, dine-in coffee segment is anticipated to grow faster throughout the projected period. The demand for dine-in coffees is owing to the consumers' rising demand for healthier food options as well as knowledge of the advantages of coffee drinking.

Geographical Analysis

The high demand for coffee in North America

North America holds the highest share in the global market and is estimated to grow over the forecast period, owing to the increase in demand for coffee in the region. The demand for coffee is very high in the U.S. and Canada, owing to the increasing popularity of ready-to-drink beverages. The population in the region prefer coffee over other drinks. Moreover, the manufacturers in the region are introducing new flavors in coffee, which is expected to drive the market growth over the forecast period.

Competitive Landscape

The major global players in the market include Tata Consumer Products Inc., Ronnoco Beverage Solutions, Kraft Foods, Nestle S.A., General Foods, Starbucks, Costa Coffee, Dunkin Donuts, Ajinomoto Co., Inc., and Keurig Green Mountain.

Why Purchase the Report?
• To visualize the Global Foodservice Coffees market segmentation based on type, application, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of Foodservice Coffees market-level with all segments.
• PDF report consisting of cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as Excel consisting of key products of all the major market players.

The global foodservice coffee market report would provide approximately 93 tables, 109 figures and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies