Published Date: 20-Jan-2023
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According to a new report, published by KBV research, The Global Roasted Coffee Market size is expected to reach $56.5 billion by 2028, rising at a market growth of 5.0% CAGR during the forecast period.
The Arabica market is leading the segment in the Global Roasted Coffee Market by Type in 2021; thereby, achieving a market value of $31.3 billion by 2028. The segment's significant global production and consumption are responsible for its high market share. Coffee professionals and amateurs like Arabica because it has the sweetest and most delicious beans.
The B2C market is exhibiting a CAGR of 6.1% during (2022 - 2028). Sales of the product via B2C channels have been fueled by customers' growing demand for the fresh flavor and scent of handmade coffee. Additionally, the industry is expanding due to the rising acceptance of dark-, medium-, and light-roasted coffee beans among coffee connoisseurs.
The Europe market dominated the Global Roasted Coffee Market by Region in 2021; thereby, achieving a market value of $18.9 billion by 2028. The Asia Pacific market is poised to grow at a CAGR of 5.5% during (2022 - 2028). Additionally, The North America market would witness a CAGR of 4.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/roasted-coffee-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A., Starbucks Coffee Company, JDE Peet's N.V., Tchibo GmbH (maxingvest ag), LUIGI LAVAZZA S.p.A., Strauss Coffee B.V. (Strauss Group Ltd), The J.M Smucker Company, UCC Ueshima Coffee Co., Ltd. (UCC Holdings Co., Ltd.), Massimo Zanetti Beverage Group S.p.A and Melitta Group
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