Europe Specialty Coffee Market 2022: Size, Share Estimation, Growing Demand And Business Strategies With Forecast Report By 2028

Market Overview:
The Europe Specialty Coffee Market size was valued at USD 18,272 Million in 2021 and is projected to reach USD 42,986.81 Million by 2028, growing at a CAGR of 13% from 2022 to 2028.
The massive European market accounts for over 30% of specialty coffee consumption worldwide. Furthermore, the market is oversupplied because half of the green coffee consumed in Europe comes from Brazil and Vietnam. Even though consumption is expected to level off over the coming years, Europe will continue to be a lucrative market for coffee. The popularity of specialty coffee is growing, as evidenced by the increase in small coffee roasters, regional brands, and baristas. As a result, during the forecast period, the rise in consumption will be the primary force behind the specialty coffee market's expansion in the European region.

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Market Dynamics:
Driver:
Specialty Coffee is Augmenting Segment in The European Market
There are numerous independent trading companies in Europe that focus on specific niches, and more and more well-known names in the coffee industry are breaking into the specialty market. These companies specialised in importing single-origin or specialty coffees in small quantities at competitive prices. Examples include Nordic Approach, Trabocca, Belco (France), This Side Up (Netherlands), Coffee Quest, and Belco (the Netherlands) (Norway). Another indication of the increased demand for specialty coffee in Europe is the increase of coffee shops, independent roasters, regional brands, and baristas.

Opportunities:
Blockchain Is Becoming More Popular as A Technology to Enhance Traceability and Transparency
Blockchain technology can be used as a tool to increase transparency, accountability, and traceability. It is a decentralized, free network for tracking and storing data that also supports cryptocurrencies. As a result, when coffee is added to the blockchain, a roaster can view the coffee's provenance and previous purchase price. Producers may see who bought their coffee in the end and how much it cost. By combining data about providers and end users, blockchain can create and improve partnerships.

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Segmentation Analysis of the Europe Specialty Coffee Market

By Grade, the 90-100 grade segment is expected to dominate the segment owing to the chrematistics associated with these grade points. Furthermore, a coffee grade helps buyers & sellers globally align their anticipations with each other. This factor also helps to drive the segment's growth.

By Product Type, instant coffee segments are expected to have the maximum market share from this segment over the forecast period. The market has developed as a result of variables including quality, skill, and the variety of options available in a single serving of espresso. Additionally, people are ready to purchase convenient RTD coffee pods.

By Application, the commercial segment is expected to dominate the market over the forecast period. Due to rising coffee consumption and the growing number of commercial capsule machines being used in offices around the world, the commercial segment dominated the market.

By Distribution Channel, the retail distribution channel is expected to hold the maximum market share over the forecast period. Retail is selling products directly to consumers. Additionally, when roasters are involved in the end-to-end sales process, they can better understand consumers and their preferences.

By Grade
• 80-84.99
• 85-89.99
• 90-100

By Product Type
• Instant Coffee
• Ground Coffee
• Whole Beans
• Single-Cup
• Blends
• Others

By Application
• Home
• Commercial

By Distribution Channel
• Food Service
• Specialty Stores
• Supermarkets & Hypermarkets
• Retail
• Online Stores

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Regional Analysis of the Europe Specialty Coffee Market
Scandinavian countries are among the top coffee users worldwide per capita. The Scandinavian market is mostly focused on high-quality coffees. Internationally, nations like Sweden, Denmark, and Norway are regarded as significant players in the specialty coffee business. The Specialty Coffee Association of Europe was established in Norway. In Scandinavia, the specialty coffee market has been expanding steadily for years. This is partially reflected in the significant increase in consumption outside the home, which indicates that customers in Denmark, Sweden, and Norway are increasingly seeking out specialty, premium coffee at coffee shops. Since 2010, the three European nations with the highest growth rates in coffee shop retail sales are Denmark, Sweden, and Norway.

Top Key Players Covered In Europe Specialty Coffee Market
• Caribou Coffee Company
• Carte Noire
• Dallmayr Prodomo Ground Coffee
• Blue Bottle
• Leroux
• Bulletproof
• Costa Coffee
• Jacques Vabre
• Eight O'Clock Coffee
• Don Francisco's Coffee
• Caffè Nero Group Ltd.
• JAB Holding Company
• Luigi Lavazza S.p.A.
• Strauss Group Ltd. and Other Major Players.

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Key Industry Development In The Europe Specialty Coffee Market
In March 2022, Olam Specialty Coffee is expanding its brand and e-commerce platform to Europe after more than ten years of supporting the specialty coffee business in the US. Olam Specialty Coffee is now enabling European customers' online sample requests and direct purchasing of its traceable specialty coffees thanks to new sites that cater to customers in the UK and EU.

Reasons to Buy the Report
• This in-depth and comprehensive research on the global Original Espresso Coffee market will help you improve your market research skills.
• Acquire a thorough understanding of current and future market conditions to devise strategies for overcoming obstacles and ensuring consistent growth.
• It provides an in-depth analysis of changing market trends, current and future technologies, and the various strategies used by global Original Espresso Coffee industry leaders.
• It provides advice and support to newcomers to the global Original Espresso Coffee market and actively assists existing businesses in increasing their market share.
• It sheds light on the plans of the industry's leading firms and market advancements in the global Original Espresso Coffee market.

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