Market Size of Coffee Roaster Industry
Study Period | 2018 - 2029 |
Market Size (2024) | USD 2.38 Billion |
Market Size (2029) | USD 3.18 Billion |
CAGR (2024 - 2029) | 5.94 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Coffee Roaster Market Analysis
The Coffee Roaster Market size is estimated at USD 2.38 billion in 2024, and is expected to reach USD 3.18 billion by 2029, growing at a CAGR of 5.94% during the forecast period (2024-2029).
The increasing consumer demand for fresh and aromatic coffee, which the roasting process provides, drives the market. Additionally, the growing number of coffee outlets is boosting the market's sales. Further, the introduction of new coffee flavor blends by global brands and advancements in coffee equipment technology fuel market growth.
There has been a spike in demand for coffee over the past few years, i.e., there has been an increase in both at-home and out-of-home coffee consumption. According to USDA, unroasted Arabica coffee, which increased from 68% of the unroasted coffee trade in 2011-12 to 80% in 2020-21, dominated the United States imports. Unroasted Arabica coffee imports increased in volume by 3.3 million bags to reach 19.4 million during this time, while unroasted Robusta coffee imports decreased by 2.6 million bags to reach 3.5 million. Imports of unroasted, decaffeinated coffee that is not Arabica nor Robusta have fallen by 100,000 bags to 1.5 million.
Other significant factors projected to drive market growth in the upcoming years include the growing number of coffee shop chains and the rising trend of the culture of frequent cafés. In addition to rising coffee consumption, coffee output has increased as well.