Global Specialty Coffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Specialty Coffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Specialty coffee refers to the whole process from farmer to cup using single origin coffee. It refers to the way the coffee is roasted and how it is extracted. Specialty coffee was first used in 1974 by Erna Knutsen in an issue of Tea & Coffee Trade Journal. Knutsen used this term to describe beans of the best flavor which are produced in special microclimates.

Market Overview:

The latest research study on the global Specialty Coffee market finds that the global Specialty Coffee market reached a value of USD 418887.0 million in 2022. It’s expected that the market will achieve USD 555103.78 million by 2028, exhibiting a CAGR of 4.8% during the forecast period.

To help Europe recover from the catastrophic economic impact of the coronavirus pandemic, the European Commission proposed a 750-billion-euro stimulus plan and revised the EU’s next long-term budget (2021-2027). The plan is called the Next Generation EU and requires the Commission to borrow money in the financial market and use its higher credit rating to ensure lower borrowing costs. Congress insists that the green agreement is at the core of the recovery plan and hopes to avoid burdening future generations. The pandemic has dealt a heavy blow to jobs, and the number of unemployed people has increased sharply. In order to help workers in the aftermath of the Covid-19 crisis, the EU’s support for mitigating the risk of unemployment in emergencies (definitely) will provide member states with the financial assistance of up to 100 billion euros in the form of loans provided on preferential terms to help them in their countries. The planned cost in the short term.

Russia is the country with the largest number of COVID-19 infections in Europe. Beginning in mid-March 2020, the Covid-19 pandemic broke out in Russia. On March 30, the authorities announced the implementation of open-ended quarantine in Moscow, requiring the closure of non-essential businesses and keeping people indoors. Compared with the same period last year, Russia’s GDP contracted 8.5% in the second quarter of 2020. The plunge in crude oil prices further exacerbated the decline in Russian economic growth, which fell by 53% between January 2020 and May 2020.

The government has announced a three-phase reopening plan. In the first phase of the reopening, people will be allowed to walk and exercise outdoors, and small shops and service industry establishments will also be reopened. The second phase will allow schools and larger shops and service industries to open. In the third phase, parks, hotels, restaurants and all shops will be reopened. Criteria for lifting restrictions in specific areas include infection rates, availability of hospital beds and testing capabilities. As of August 3, there are 4 regions in the first stage, 55 regions in the second stage, and 26 regions in the third stage. Less than 1.5% of the regional economies (780,000 people) are still under blockade restrictions.

Spain has been severely affected by the COVID-19 epidemic, and the first case of infection was discovered on February 25, 2020. After reaching the peak on March 25, the number of new infections per day has been declining, and it was basically stable by mid-July. In the first half of 2020, Spain’s economy shrank by 13.1% compared to the same period last year. The reason was that measures to contain the outbreak led to an unprecedented decline in private consumption and a sharp drop in investment.

Segmentation Overview:

By type, Arabica segment accounted for the largest share of market in 2022.

Key Companies in the global Specialty Coffee market covered in Chapter 3:

Caribou Coffee
Caffe Nero
Lavazza
Stumptown
Keurig Green Mountain
Blue Bottle
Starbucks
Bulletproof
Gevalia
Costa
Strauss Group
Jammin Java Corp.
The Coffee Bean and Tea Leaf
M. Smucker

In Chapter 4 and Chapter 14.2, on the basis of types, the Specialty Coffee market from 2018 to 2029 is primarily split into:

Arabica
Robusta

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Specialty Coffee market from 2018 to 2029 covers:

Commercial
Home

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)