Worldwide Out-of-home Coffee Industry to 2026 – Key Drivers and Restraints – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Out-of-home Coffee Market – Growth, Trends, Covid-19 Impact, and Forecasts (2021-2026)” report has been added to ResearchAndMarkets.com’s offering.
The global out-of-home coffee market was valued at USD 22.27 billion in 2020, and it is projected to witness a CAGR of 3.92% during the forecast period, 2021-2026.
Companies Mentioned
- Neste SA
- JAB Holding Company Srl
- The JM Smucker Company
- Luigi Lavazza SpA
- The Kraft Heinz Company
- Starbucks Corporation
- Keurig Dr Pepper Inc.
- Tchibo GmbH
Key Market Trends
Increasing Number Of Working Age Population Uplifting The Presences Of Coffee Houses
Increasing global exposure, western culture, and penetration of established coffee brands are anticipated to be the key factors driving growth of coffee chain expansion, especially in the Asia-Pacific region. In the recent past, coffee shops have witnessed tremendous growth as outlets are gaining popularity as being hangout zones for friends, family, colleagues, and business associates, among others. The increased acceptance of coffee is being attributed to the emergence of premium stores from companies, such as Coffee Day Enterprises Ltd, Starbucks Corporation, and Barista Coffee Co Ltd, among others, thereby, fuelling the market growth.
Moreover, these outlets have ushered in an experiential element to coffee drinking, by creating an ambiance that’s attractive and relaxing. Additionally, changing work patterns of business executives is also driving demand for such coffee shops/cafes, as these outlets offer services, such as free Wi-Fi, entertainment zones, etc. Furthermore, as the European region sees a significant popularity of the coffee-drinking culture, especially among urban residents, this is in turn, strengthening the average growth rate of cafes/bars, in terms of value sales and transactions.
Europe Holds Significant Share In The Global Market
Europe represents the largest area in terms of coffee consumption away from home, followed by North America and Asia. France is the third-largest coffee-consuming country in Europe, after Germany and Italy. According to a survey conducted by the Institute for Scientific Information on Coffee (ISIC), 68% of the respondents stated that they often consumed coffee, while working. This trend is leading to a huge demand for coffee in European countries, like Germany, Italy, Spain, the United Kingdom, and others as consumers are becoming increasingly conscious about the quality of their coffee.
The French per capita coffee consumption is close to the European average of 5.41 kg per year andexhibited a strong preference for blends containing a high proportion of Robusta beans. The growing working population (15-64), which was reported at 61.8% in 2019 (World Bank), and the evolving cafe culture, along with the traditional cafes, are helping the market growth. The country has seen a rapid rise in specialty coffee shops in recent years, with shops like Ten Belles, Hollybelly, and Telescope bringing different flavors and types of coffees to consumers, paving the way for fresher innovative/customized blends in the market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter’s Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Roasted Coffee
5.1.2 Instant/Soluble Coffee
5.1.3 Portioned Coffee
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.1.4 Rest of North America
5.2.2 Europe
5.2.2.1 United Kingdom
5.2.2.2 Germany
5.2.2.3 Spain
5.2.2.4 France
5.2.2.5 Italy
5.2.2.6 Russia
5.2.2.7 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 Rest of Asia-Pacific
5.2.4 South America
5.2.4.1 Brazil
5.2.4.2 Argentina
5.2.4.3 Rest of South America
5.2.5 Middle East & Africa
5.2.5.1 United Arab Emirates
5.2.5.2 South Africa
5.2.5.3 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Neste SA
6.3.2 JAB Holding Company Srl
6.3.3 The JM Smucker Company
6.3.4 Luigi Lavazza SpA
6.3.5 The Kraft Heinz Company
6.3.6 Starbucks Corporation
6.3.7 Keurig Dr Pepper Inc.
6.3.8 Tchibo GmbH
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
8 IMPACT OF COVID-19 ON THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/o25vxk
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