Global foodservice coffee market had market value of US$452.05B in 2022 and is slated to reach US$729.09B by 2030, growing at a CAGR of 6.2% during 2023-2030 period: Fortune Business Insights

September 15, 2023 (press release) –

The global foodservice coffee market size stood at USD 452.05 billion in 2022. The market value is slated to rise from USD 478.85 billion in 2023 to USD 729.09 billion by 2030 at a CAGR of 6.20% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Foodservice Coffee Market Size, Share & COVID-19 Impact Analysis, By Type (Take Away/ Delivery and Dine-In), End-User (Coffee Shops/Chains, Bakery Shops, and Others), and Regional Forecast, 2023-2030”. The growth is being propelled by the increasing demand for vegan products and soaring consumer inclination toward plant-based coffee drinks.

Surge in Bean Prices Impacted Industry Growth amid COVID-19 Pandemic

The coronavirus pandemic led to an upsurge in the prices of coffee beans. This was mainly due to delayed shipments and escalation in transportation costs. The period also recorded a substantial shift in consumer demand from catering, restaurant, and coffee shop chains. The coffee market also experienced a substantial setback in terms of exports, earnings, employment, and domestic consumption.

Peet’s Coffee Rolled out App-based Service for Beverage Delivery to Strengthen Industry Foothold

In August 2020, Peet’s Coffee shared plans to deliver food and beverages to its clientele in the U.S. through app-based ordering. The move came as the company sought to shore up its out-of-home coffee shop business in light of the disruption caused due to the COVID-19 pandemic.

Rising Consumption of Coffee in Emerging Economies to Drive Industry Expansion

One of the key factors driving foodservice coffee market growth is the growing consumption of coffee among consumers in countries such as Indonesia, China, Mexico, and others. Some of the aspects contributing to this rise include affordability and ability to provide relaxation and alertness.

However, the industry expansion may be affected by the price volatility of foodservice coffee on account of increasing global population and rising unemployment.

Pivotal Players Strike Collaborations to Increase Product Reach

Leading industry participants are focused on adopting a range of initiatives for consolidating their market positions. They are forging collaborations, partnerships, and also bringing new products to secure competitive edge. Other steps include rising participation in trade fairs and a rise in research activities.

Key Players

• Starbucks Corporation (U.S.)
• Costa Limited (U.K.)
• J. M. Smucker (U.S.)
• Kraft Heinz Company (U.S.)
• JDE Peet's (Netherlands)
• Eight O'clock Coffee Company (U.S.)
• Bewley's Tea and Coffee Ltd. (Ireland)
• Keurig Dr Pepper Inc. (U.S.)
• Coffee Republic (U.K.)
• Coffee Beanery (U.S.)
• SSP Group (U.K.)
• Ajinomoto Co., Inc. (Japan)
• Dunkin (Inspire Brands) (U.S.)
• Restaurant Brands International (Canada)
• Nestle S.A. (Switzerland)
• Farmer Brothers (U.S.)
• JAB Holding Company (Caribou) (U.S.)
• Pacific Foods (U.S.)
• McDonald’s Corporation (U.S.)
• Seven & I Holdings (7- Eleven) (Japan)
• WaWa (U.S.)   

Key Industry Development

• September 2021 – Black Sheep Coffee announced plans for expanding its portfolio. The plan covers various U.K. cities – Manchester, London, Liverpool, and Edinburgh.

Further Report Findings

• The growing demand for cold brew coffee in Europe is touted to augment foodservice coffee market share. The region held a dominant value in the global market in 2022 and is set to grow at a remarkable pace over the forecast period.
• The Asia Pacific market is anticipated to exhibit appreciable expansion over the analysis period. The rise is driven by the soaring preference for specialty products compared to traditional products.
• Based on type, the market is segmented into takeaway/delivery and dine-in. The takeaway/delivery segment accounted for a major market share in 2022 and is estimated to depict substantial growth over the analysis period due to rising prevalence of ready-to-drink and fast-service coffee chains.
• On the basis of end-user, the market is segregated into coffee house & beverage shops, bakery shops and restaurants, and others. The coffee house & beverage shops segment led the market in 2022 and is anticipated to exhibit an appreciable CAGR over the estimated period. The surge is propelled by the escalating preference for specialty coffees – coffee with ice cream, iced coffee, and others.

Table of Segmentation

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