Coffee Market. Growth and Size.
The coffee industry is a massive and complex industry that involves numerous players from coffee growers, roasters, and retailers to end consumers. According to a report by Grand View Research, the global coffee market size was valued at USD 102.15 billion in 2019 and is expected to grow at a CAGR of 4.5% from 2020 to 2027. In this article, we will explore the market size and details of the coffee industry, including specifics about coffee bean types like Excelsa.
Coffee Market Size and Growth
The global coffee market is expected to grow at a steady pace over the next few years, driven by factors such as the increasing demand for specialty coffee, growing coffee consumption in emerging economies, and rising popularity of coffee shops and cafes. The report by Grand View Research also notes that the increasing awareness of the health benefits associated with coffee consumption is another factor driving market growth.
The market is dominated by the United States, followed by Europe and Asia Pacific. In the United States, coffee is the second most consumed beverage after water, with Americans consuming around 400 million cups of coffee per day. In Europe, coffee is an integral part of the culture, with countries like Italy and France having a strong coffee-drinking tradition.
Coffee Bean Types
Coffee beans are the foundation of the coffee industry. There are several types of coffee beans, each with its own unique characteristics and flavor profile. The most popular coffee bean types include Arabica, Robusta, and Excelsa.
Arabica Coffee Beans
Arabica coffee beans are the most popular coffee beans in the world, accounting for around 60% of global coffee production. Arabica coffee beans are known for their delicate flavor, low acidity, and floral aroma. They are grown in high altitudes, and the best Arabica coffee beans come from countries like Colombia, Ethiopia, and Brazil.
Robusta Coffee Beans
Robusta coffee beans account for around 40% of global coffee production. They are known for their high caffeine content, strong and bitter taste, and nutty aroma. Robusta coffee beans are grown at lower altitudes and are typically cheaper than Arabica coffee beans. They are commonly used in blends and instant coffee.
Excelsa Coffee Beans
Excelsa coffee beans are a rare and unique type of coffee bean that is grown in Southeast Asia, particularly in the Philippines. They account for less than 1% of global coffee production, making them a rare and prized coffee varietal. Excelsa coffee beans are known for their tart, fruity flavor and are often used in blends to add complexity to the flavor profile.
Coffee Industry Segments
The coffee industry can be segmented into several categories, including coffee shops and cafes, retail sales, and online sales.
Coffee Shops and Cafes
Coffee shops and cafes are an important part of the coffee industry, providing a place for consumers to enjoy a cup of coffee and socialize. In recent years, the coffee shop and cafe segment has experienced significant growth, driven by the increasing popularity of specialty coffee and the rise of third-wave coffee shops. Third-wave coffee shops focus on providing high-quality, artisanal coffee and often roast their own beans in-house.
Retail Sales
Retail sales of coffee include packaged coffee beans and ground coffee sold in supermarkets, convenience stores, and other retail outlets. The retail sales segment of the coffee industry is expected to grow at a steady pace over the next few years, driven by factors such as the increasing demand for premium coffee and the rise of single-serve coffee machines.
Online Sales
The online sales segment of the coffee industry has experienced significant growth in recent years, driven by the increasing popularity of e-commerce and the rise of subscription-based coffee services. Online coffee retailers offer a wide variety of coffee beans, blends, and
coffee accessories, and allow consumers to conveniently order coffee from the comfort of their homes.
Conclusion
The coffee industry is a vast and complex industry that involves numerous players, from coffee growers to end consumers. The global coffee market size is expected to grow at a steady pace over the next few years, driven by factors such as the increasing demand for specialty coffee, growing coffee consumption in emerging economies, and rising popularity of coffee shops and cafes.
Arabica, Robusta, and Excelsa are the most popular coffee bean types, each with its own unique characteristics and flavor profile. Excelsa is a rare and prized coffee varietal that is grown in Southeast Asia and known for its tart, fruity flavor.
The coffee industry can be segmented into several categories, including coffee shops and cafes, retail sales, and online sales. The growth of the coffee industry is expected to continue, driven by the increasing demand for high-quality, artisanal coffee and the convenience of online sales.
In conclusion, the coffee industry is a dynamic and growing industry that provides a wide range of opportunities for growers, roasters, and retailers alike. Whether you’re a coffee lover or a coffee entrepreneur, the coffee industry is a fascinating and exciting industry to be a part of.