Global Coffee Shop Market Report: Market Values, Scope, Research Methodology, Drivers, Restraints, and Regional Insights (2024-2030)

15-02-2024: Market Values:

The Coffee Shop Market was valued at US$ 205.77 billion in 2022, and it is anticipated to grow at a CAGR of 3.5% from 2023 to 2029, reaching nearly US$ 261.80 billion.

Report Scope:

The Global Coffee Shop Market Report offers a comprehensive analysis of the industry, covering market trends, growth drivers, challenges, and opportunities. The report provides insights into market dynamics, including detailed segment analysis by type and city size. Additionally, regional insights highlight key market trends across North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Research Methodology:

The report bases its analysis on the year 2022 as the base year, forecasting market trends from 2022 to 2029. Real data from key players and major contributors to the global market were used to estimate market size in 2022. Historical trends from the past five years were considered, with special attention given to the impact of the COVID-19 pandemic in 2020. The report employs rigorous research methodologies to provide accurate forecasts and insights into the coffee shop market.

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Market Drivers:

The report identifies several key drivers fueling the growth of the global coffee shop market, including the rising urban population, increased disposable income among young demographics, and the growing demand for new-gen cafes. Additionally, the shift in coffee shop design towards spaces for socializing and business meetings is driving market growth. The rise of remote work is also boosting demand for coffee shops as alternative co-working spaces.

Market Restraints:

Challenges facing the coffee shop market include issues related to service quality, staff management, and maintaining consistency in product quality. High rental costs in prime locations pose a significant challenge for independent cafes looking to sustain long-term operations.

Coffee Shop Market Segmentation

by Type
Specialty Coffee Shop
Mass Market

The mass market section of the coffee shop industry dominates the global market by having the largest customer base for reasonably priced coffee, which is typically purchased in raw form from nearby grocery stores, cafés, and restaurants. The mass market has enormous potential because there is a sizable consumer base that can afford to pay US$ 1.50-3.50, which is a highly sought-after price range for coffee. Speciality coffee shops cater to a certain customer base and are considered high-end, offering the most unusual coffee options at a premium pricing point. However, the trend of specialty coffee shops is increasing as blue-sky businesses create massive chains at reasonable prices to get into the mass market.

by City Size
Metropolitan
Urban
Rural

Metropolitan areas dominate the split of city sizes based on size. The biggest density of cafes, including independent and chain cafes and restaurants, is found in metropolitan areas. There are 15,000 licenced cafes and restaurants in Hong Kong, or 20.4 per 10,000 residents. Before opening a location in a new city, some coffee chains, including Starbucks, Dunkin' Donuts, and CCD, provided information on the population density they required. In the next seven years, Tier 2 City is anticipated to expand as potential chains including McCafe, Dunkin Doughnuts, CCD, and Nescafe outlets show interest in making investments.

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Coffee Shop Market Key Players

1. The Kraft Heinz Company
2. The Coca-cola company
3. JM Smucker Company
4. JAB Holding Company
5. Starbucks
6. McCafe
7. Tully's coffee
8. Ediya Espresso
9. Gloria Jean's coffees
10. Caribou Coffee
11. Caffe Nero
12. Doutor coffee
13. Coffee bean and Tea leaf
14. Nestle SA

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Table of content for the Coffee Shop Market includes:

Part 01: Executive Summary

Part 02: Scope of the Coffee Shop Market Report

Part 03: Global Coffee Shop Market Landscape

Part 04: Global Coffee Shop Market Sizing

Part 05: Global Coffee Shop Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Asia-Pacific leads the global Coffee Shop Market, driven by rapid urbanization, rising disposable incomes, and growing awareness of air pollution. North America and Europe follow closely, with strong healthcare infrastructure and environmental sustainability driving market growth. Latin America and the Middle East present emerging opportunities for market expansion, fueled by urbanization and increasing awareness of health risks associated with poor air quality.

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