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The global coffee shop market was valued at $92.27 billion in 2023 and is expected to expand to $89.68 billion in 2024, driven by growing demand for premium coffee drinks. As consumers show an increasing interest in premium portable coffee options, the coffee shop market is poised for further growth, particularly in developing economies where coffee culture is rapidly gaining popularity.
This growth is fueled by changing consumer preferences, rising disposable incomes, and the swift expansion of coffee chains and franchises worldwide. The global coffee shop market is projected to grow at a steady rate of 3.5% annually from 2024 to 2030, with total revenue expected to reach nearly $270.95 billion by 2030.
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