Starbucks is the Fastest-Growing Coffee Chain in the U.S. that Retains 40% of the total World Coffee Share with Approximately 14,875 Outlets All Over the World

Dunkin' is the second in the list with 9,570 outlets and retains 26% market share. JAB Holdings continues to have the wide market influence, having approximately 4,739 outlets operating through their various brands such as Panera Bread, Peet's Coffee and Caribou Coffee. However, Starbucks and McCafe are having the widest coffee chain through their merger and acquisition they achieve decent revenue in the market. Along with international and others, local brands are also becoming the prominent leaders in the coffee market. The U.K.-based Costa Coffee has made significant sales and has a global presence in Eastern Europe, Asia-Pacific, Middle East and other region.       

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Data Bridge Market Research analyses that the Espresso Coffee Market was valued at USD 3.22 billion in 2021 and is expected to reach the value of USD 5.81 billion by 2029, at a CAGR of 7.65% during the forecast period of 2022-2029. Coffee is one of the most widely consumed beverages around the world. However, according to the various studies it is suggested that over consumption of coffee can lead to chronic disease risk has important public health implications this factor can restrain the market growth. High coffee among consumers to reduce their work stress and to boost their memory is the growing factor of the market. To sustain in the growing market and fulfill the customers' needs, various manufacturers are engaged in launching new and advanced coffee products with pinch of different flavors by investing on the new product or by acquiring or with the merger with different coffee brands to sustain in the market.           

Growing awareness about longer shelf life across the world will drive the market's growth rate

The total cost of the permissible in espresso coffee drives their expansion. Furthermore, espresso coffee has a longer shelf life than dairy and milk-based commodities, which increases customer preference for them. Manufacturers are increasingly engaging in strategic marketing and promotion efforts, which is expected to aid market growth. Furthermore, various companies are launching novel products to attract more customers.

Report Scope and Market Segmentation

Segment Analysis:

Global espresso coffee market is categorized into five notable segments on the basis of type, beans, roast, distribution channel and end user.

• On the basis of type, the market is segmented into pure espresso, double espresso, ristretto, cappuccino, latte, mocha, macchiato, americano, others. In 2020, cappuccino segment is expected to dominate the global espresso coffee market with 31.18% market share as it contains high quantity of milk and cream which is widely consumed by consumer of every age group.
• On the basis of beans, the market is segmented into coffee arabica, coffee robusta, coffee liberica. In 2020, coffee arabica segment is expected to dominate the global espresso coffee market with 60.33% market share as it is the widely consume coffee beans all over the world as it is highly rich in antioxidant and low in calories. Robusta is the second most preferable beans as it is cheap and nasty commercial-grade and is only good for instant coffee making.
• On the basis of roast, the market is segmented into light, medium, dark, and others. In 2020, medium segment is expected to dominate the global espresso coffee market with 56.63% market share as medium roast coffee is highly rich in flavor. It's also the richest in health and boosts the antioxidants.
• On the basis of distribution channel, the market is segmented into e-commerce, super markets/ hyper markets, convenience stores, specialty stores, others. In 2020, specialty stores segment is expected to dominate the global espresso coffee market with 39.77% market share as specialty stores contains most of the varieties of coffee as per the requirement of every age group people which cannot be available in homes with the same flavor.

The specialty stores segment will dominate the distribution channel segment of the espresso coffee market

The specialty stores segment will emerge as the dominating segment distribution channel segment. This is because of the growing number of food outlets in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

• On the basis of end user, the market is segmented into hotels and bars, offices, cafes and restaurants, homes, educational institutes, hospitals, airports, others. In 2020, cafes and restaurants segment is expected to dominate the global espresso coffee market with 34.04% market share due to the widest consumer adoption of coffee cafes and changing consumer lifestyle and preference for coffee houses to chill out and to remove the hectic schedule of work.

The cafes and restaurants segment will dominate the end user segment of the espresso coffee market

The cafes and restaurants segment will emerge as the dominating segment under end user with approximately 34.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the food and beverages industry all around the globe will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in espresso coffee market: Nestlé S.A (Switzerland), TreeHouse Foods Inc. Company (U.S.), The White Wave Foods Company (U.S.), Custom Food Group (U.S.), Compact Industries, Inc. (U.S.), DreamPak LLC (U.S.), Stancodex Pvt. Ltd (Malaysia), Super Group Ltd (South Africa), Viceroy Holland B.V. (Netherlands), PT Santos Premium Krimer (Indonesia), Shandong Tianjiao Biotech Co. Ltd. (China), Almer Malaysia Sdn. Bhd. (Malaysia), FrieslandCampina Kievit BV (Netherlands), Fujian Jumbo Grand Food Co Ltd. (China).

Market Development

• In December 2019, The J.M. Smucker Company announced the launch of new cinematic ad campaign for 1850 Coffee, featuring creative as bold as the 'contraband caffeine' itself. Through this launch, the company aims to expand their product portfolio in the market.
• In September 2019, the Kraft Heinz Company, announced that through the partnership with the BAILEYS, manufacture cream liqueur launch the non-alcoholic BAILEYS Ready-to-drink Cold Brew in cans. Through this launch the company aims to expand their product portfolio in the market.
• In March 2019, Costa announced that it has acquired by Coca-Cola Company from Whitbread PLC. Through this acquisition the coca cola company aims to expand their portfolio in the growing coffee market.

Regional Analysis

Geographically, the countries covered in the espresso coffee market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

As per Data Bridge Market Research analysis:

Europe is the dominant region in espresso coffee market during the forecast period 2022 - 2029

Europe leads the espresso coffee market and will maintain its dominance throughout the forecast period. In Europe, Germany is dominating the market growth as the country has the highest espresso coffee consumption among office employees to reduce work stress and remain cheerful during the day.

Asia-Pacific is estimated to be the fastest-growing region in espresso coffee market the forecast period 2022 - 2029

Owing to the changing lifestyles and personal disposable income, Asia-Pacific is expected to have the highest compound annual growth rate during the forecast period.

COVID-19 Impact

The COVID-19 outbreak has had a significant impact on international trade. Consumption of espresso coffee was increasing prior to the pandemic because consumers were highly inclined to consume coffee. The market was destroyed as soon as the pandemic began in early 2020. As consumer behaviour changed and thus the consumption pattern for espresso coffee declined, the coffee industry faced destruction. The disruption of the raw material supply chain, particularly cocoa beans or cocoa powder used as a major ingredient in coffee manufacturing, has raised concerns among coffee manufacturers. However, during the pandemic, household consumption of espresso coffee increased, while demand for espresso coffee decreased in foodservice sectors such as cafes and bars.

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