The global coffee market, valued at USD 127 billion in 2022, is expected to grow at a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030.
Key drivers include increasing demand for specialty coffees such as organic, fair trade, and single-origin varieties, especially among millennials and Gen Z. The rise of specialty coffee shops and higher disposable incomes in developing countries are also boosting growth.
The coffee market is expanding in developing nations like China, India, and Brazil, where coffee consumption is becoming more mainstream. Globalization and the spread of international coffee chains contribute to this trend.
Opportunities lie in the specialty coffee sector, known for its high-quality Arabica beans and unique flavors. Health-conscious consumers are drawn to specialty coffee for its lower acidity and higher nutritional value.
Sustainability is a growing focus, with initiatives for ethical sourcing, reducing pesticide use, and recycling packaging gaining traction. Technologies like blockchain are improving supply chain transparency, aligning with environmental and social responsibility trends.