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The global foodservice coffee market size stood at USD 452.05 billion in 2022. The market value is slated to rise from USD 478.85 billion in 2023 to USD 729.09 billion by 2030 at a CAGR of 6.20% during 2023-2030. Fortune Business Insights™ presents this information in its report titled “Foodservice Coffee Market Size, Share & COVID-19 Impact Analysis, By Type (Take Away/ Delivery and Dine-In), End-User (Coffee Shops/Chains, Bakery Shops, and Others), and Regional Forecast, 2023-2030”. The growth is being propelled by the increasing demand for vegan products and soaring consumer inclination toward plant-based coffee drinks.
Surge in Bean Prices Impacted Industry Growth amid COVID-19 Pandemic
The coronavirus pandemic led to an upsurge in the prices of coffee beans. This was mainly due to delayed shipments and escalation in transportation costs. The period also recorded a substantial shift in consumer demand from catering, restaurant, and coffee shop chains. The coffee market also experienced a substantial setback in terms of exports, earnings, employment, and domestic consumption.
Peet’s Coffee Rolled out App-based Service for Beverage Delivery to Strengthen Industry Foothold
In August 2020, Peet’s Coffee shared plans to deliver food and beverages to its clientele in the U.S. through app-based ordering. The move came as the company sought to shore up its out-of-home coffee shop business in light of the disruption caused due to the COVID-19 pandemic.
Rising Consumption of Coffee in Emerging Economies to Drive Industry Expansion
One of the key factors driving foodservice coffee market growth is the growing consumption of coffee among consumers in countries such as Indonesia, China, Mexico, and others. Some of the aspects contributing to this rise include affordability and ability to provide relaxation and alertness.
However, the industry expansion may be affected by the price volatility of foodservice coffee on account of increasing global population and rising unemployment.
Pivotal Players Strike Collaborations to Increase Product Reach
Leading industry participants are focused on adopting a range of initiatives for consolidating their market positions. They are forging collaborations, partnerships, and also bringing new products to secure competitive edge. Other steps include rising participation in trade fairs and a rise in research activities.
Key Industry Development
Further Report Findings
Table of Segmentation
CAGR of 6.20% from 2023-2030
Value (USD Billion)
Volume (Million Kg)