|Fastest Growing Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The coffee market is projected to register a CAGR of 2.5% during the forecast period, 2022-2027.
Despite the incredibly challenging working environment imposed by COVID-19 restrictions, consumers have still been able to access markets, largely owing to the resilience of coffee producers and supply chains. The impact of COVID-19 on coffee production is relatively minor. According to the European Union's Ministry of Foreign Affairs, lockdown and social distancing measures have caused a reduction in consumption. This particularly affects small coffee roasters and roasters that mainly supply hotels, restaurants, and cafés (HORECA).
Additionally, the coffee industry witnessed various issues from farms to markets like poor labor practices combined with unfair wages, deforestation, air pollution from roasting plants, and irregular pricing of coffee. According to a survey conducted by the Institute for Scientific Information on Coffee (ISIC), 68% of the respondents stated that they often consume 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 of the quality of their coffee.
Scope of the Report
The coffee trade analysis report analyzes the import market (volume and value) and export market (volume and value) across major importing and exporting countries in the world. The report is segmented on the basis of geography (North America, Europe, Asia-Pacific, South America, and Africa). The report offers market estimation and forecasts in value (USD thousand) and volume (metric ton) for all the above-mentioned segments.
|Geography (Import Analysis by Volume and Value and Export Analysis by Volume and Value)|
Key Market Trends
Increased Consumption of Coffee
Coffee provides a revitalizing effect as it contains caffeine. It is one of the most consumed and popular drinks worldwide. It is prepared and presented in different ways. As per some clinical studies, modest coffee consumption is gentle or slightly beneficial for healthy adults. The shifting work culture, specifically in the corporate industry, along with enhancing living standards, is further anticipated to boost the demand in the global market. Over the years, the coffee demand has significantly broadened beyond mature markets such as the European Union (EU), the United States, and Japan.
North America, Asia-Pacific, and Europe are the largest consumers of coffee. According to the International Coffee Organization, in 2020, coffee consumption in the Asia-Pacific and European regions was 36.5 million and 54.1 million (60 kg bags), respectively, which was 36.0 million and 53.4 million 60 kg bags in 2019. In Asia-Pacific, Japan still leads the market, followed by China and South Korea. Long-term demand is set to grow in the coming years, making it potentially one of the fastest-growing markets.
Companies overhauling their strategies in terms of service and emerging contemporary brands to enhance customer satisfaction and gain loyalty is another factor improving the coffee market across the world. This is supported by the emergence of various cafes and increased expendable income levels of consumers. All these factors are anticipated to bolster the market growth.
To understand key trends, Download Sample Report
Brazil Dominates the Market
Brazil produces around 25% of the world’s coffee supply. Coffee grown in Brazil is predominantly of the Arabica variety, making up around 80% of the total crop. Harvest season runs from May to August. The global demand for coffee heavily contributed to the early phase of Brazil's modern economic expansion and industrialization.
Brazil currently exports the majority of its coffee to Germany and the United States. The United States is the world’s largest single buyer of coffee, with the North American coffee market accounting for over one-quarter of the global coffee imports in value. The coffee trade helps Brazil remain one of the ten major trading partners of the United States.
According to the International Coffee Organization, Brazil is the major producer and exporter of coffee in the global market. According to the Council of Coffee Exporters of Brazil (Cecafé), the main destination markets for Brazil's coffee exports have been the United States, Germany, Belgium, Italy, Japan, Turkey, Russia, Mexico, Spain, and Canada.
To understand geography trends, Download Sample Report
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
5. MARKET SEGMENTATION
5.1 Geography (Import Analysis by Volume and Value and Export Analysis by Volume and Value)
5.1.1 North America
22.214.171.124 United States
126.96.36.199 United Kingdom
5.1.4 South America
188.8.131.52 South Africa
6. MARKET OPPORTUNITIES AND FUTURE TRENDS
7. AN ASSESSMENT OF THE IMPACT OF COVID-19 ON THE MARKET
You can also purchase parts of this report. Do you want to check out a section wise price list?
Frequently Asked Questions
What is the study period of this market?
The Coffee Trade Analysis market is studied from 2017 - 2027.
What is the growth rate of Coffee Trade Analysis?
The Coffee Trade Analysis is growing at a CAGR of 2.5% over the next 5 years.
Which region has highest growth rate in Coffee Trade Analysis?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Coffee Trade Analysis?
Europe holds highest share in 2021.