North America Coffee Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Coffee Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

North America Coffee Market is projected to grow at a CAGR of 5.9% during the forecast period (2020-2025).

Key Highlights

• With the increase in the demand for non-alcoholic drinks and prominence of high-end coffee served by global coffee chains like Starbucks, The Coffee bean, Tea Leaf, and others, North America’s coffee market is set to grow exponentially.
• There is a surge in health and wellness trends across the North American Region. Growing preference of households preferring homemade coffee and more consumer moving towards specialty coffee is driving the growth of the North American Coffee Market.

Key Market TrendsIncrease Usage of Single-Serve Coffee in Households

Millennials are considered as key drivers for the coffee craze in the United States. As per USDA census, population of millennial consumers in the United States was reported to be around 75.1 million, with average per capita coffee consumption of 3.6 kg per person in 2018. There is an increase in the number of consumers who are willing to purchase coffee machines to recreate the coffee shop experience at home. Single-serve brewer household penetration rates in the largest cities in the United States and Western Europe range from approximately 23% to 75%. The trend of making better coffee at home is gaining momentum and is going to grow further during the forecast period.

Growing Trend for Specialty Coffee

Specialty coffee consumption in the U.S is growing, and over the last few years, there has been a significant increase in daily specialty coffee drinkers. The demand for high-quality coffee is growing due to a surge in health and wellness trends across the country. As per a survey conducted by National coffee association, the number of daily drinkers of Specialty coffee drinkers is growing over the last 18 years with only 9% of adults in the U.S were drinking Specialty coffee in 1999 and the number rose up to 41% in 2017. Further of all the cups coffee consumed, 59% of those cups were specialty versus 41% non-specialty. The continuous desire for more and better-tasting coffee is driving the market during the forecast period.

Competitive Landscape

North America Coffee Market includes the company profiles of Nestle, The Kraft Heinz Company, Starbucks Corporation, Dunkin' Brands, Blenz Coffee, Tata Global Beverages, The J.M. Smucker Company and JAB Holdings B.V.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.