Market Size of Asia Pacific Coffee Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Coffee Market Analysis
Asia Pacific coffee market is projected to register a CAGR of 5.2% during the forecast period, 2022-2027.
With the growing culture of consuming coffee as a refreshing drink among the younger population, especially in India, China, Japan, and the Philippines, the market for coffee is rising. In addition, the increasing disposable income coupled with urbanization is the major factor contributing to the growth of the Asia Pacific coffee market. For instance, in 2020-2021, as per ICO (International Coffee Organization), Japan consumed nearly 7303 bags (in thousands of 60-kg bags) of coffee, boosting the coffee market.
Various health benefits of consuming coffee, such as reducing the risk of diabetes, fat burning, and high energy intake from caffeine spikes are also driving the market growth. Consumers are shifting towards more organic or plant-based coffee to maintain a healthy lifestyle. Hence, key players are engaged in product innovations, to maintain a stronger foothold in the region. For instance, in 2021 Nestle Japan launched a range of Nescafé lattes which include coffee capsules, crafted with plant-based ingredients, to meet the rapidly growing interest in plant-based food in Japan.
However, covid restrictions such as travel restrictions, limitations to global trade networks, and operational limitations caused supply chain disruptions resulting in huge revenue losses in the Asia Pacific coffee business.
APAC Coffee Industry Segmentation
Coffee is the most popular and consumed brewed drink prepared from roasted coffee beans, which are the seeds of a certain Coffea species. Further, the coffee market is segmented by product type, distribution channel, and geography. Based on product type, the coffee market is segmented into whole-bean, ground coffee, instant coffee, and coffee pods and capsules. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, online retail stores, and other distribution channels. By geography, the market is segmented into India, China, Japan, Australia, and the Rest of Asia Pacific. For each segment, the market sizing and forecasts have been done based on value (in USD million).
| By Type | |
| Whole-bean | |
| Ground Coffee | |
| Instant Coffe | |
| Coffee Pods, and Capsules |
| By Distribution | |
| Supermarkets/Hypermarkets | |
| Convenience stores | |
| Online Retail Stores | |
| Other distribution channels |
| By Geography | |
| India | |
| China | |
| Japan | |
| Australia | |
| Rest of Asia Pacific |
Asia Pacific Coffee Market Size Summary
The Asia Pacific coffee market is anticipated to experience a steady growth rate in the coming years, driven by a rising coffee culture among the younger generation in countries such as India, China, Japan, and the Philippines. Factors such as increasing disposable income and urbanization are also contributing to the market's expansion. The market is further propelled by the health benefits associated with coffee consumption and a shift towards organic or plant-based coffee to maintain a healthy lifestyle. However, the market has faced challenges due to COVID-19 related restrictions, which have disrupted supply chains and resulted in significant revenue losses. Trends in the Asia Pacific coffee market include a growing preference for organic certified coffee, driven by consumer awareness of the benefits of organic, sustainable products. This trend is particularly prominent among younger consumers who are interested in the product's origins. There has also been a surge in demand for specialty and organic coffee products, such as coffee pods and capsules. The market is witnessing rapid growth in countries like China, where the rise in disposable income and lifestyle upgrades are driving coffee consumption. Despite the challenges, key players in the industry are employing strategies such as product innovation, partnerships, and mergers & acquisitions to expand their market presence and portfolio offerings.
Explore MoreAsia Pacific Coffee Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Whole-bean
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2.1.2 Ground Coffee
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2.1.3 Instant Coffe
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2.1.4 Coffee Pods, and Capsules
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2.2 By Distribution
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2.2.1 Supermarkets/Hypermarkets
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2.2.2 Convenience stores
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2.2.3 Online Retail Stores
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2.2.4 Other distribution channels
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2.3 By Geography
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2.3.1 India
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2.3.2 China
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2.3.3 Japan
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2.3.4 Australia
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2.3.5 Rest of Asia Pacific
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Asia Pacific Coffee Market Size FAQs
What is the current Asia Pacific Coffee Market size?
The Asia Pacific Coffee Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Asia Pacific Coffee Market?
JAB Holding Company, The Kraft Heinz Company, Massimo Zanetti Beverage Group, LUIGI LAVAZZA SPA and Nestle SA are the major companies operating in the Asia Pacific Coffee Market.
