Global Coffee Shops Market to Reach $201.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Coffee Shops estimated at US$156.9 Billion in the year 2020, is projected to reach a revised size of US$201.4 Billion by 2027, growing at a CAGR of 3.6% over the period 2020-2027.
Coffee, one of the segments analyzed in the report, is projected to record 4.1% CAGR and reach US$123 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Other Products segment is readjusted to a revised 2.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $35 Billion, While China is Forecast to Grow at 6.3% CAGR
The Coffee Shops market in the U.S. is estimated at US$35 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$12 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Impact of Covid-19 and a Looming Global Recession
COVID-19 Crisis Leaves Coffee Shops Struggling to Contain Operating Losses
Strategies Adopted by Coffee Shops to Remain Relevant
Retail Chain Demand Ebbs following Spike in First Quarter Sales
Coffee Shops: An Overview
Coffee Industry Dynamics
Coffee: Fast Facts
Noteworthy Coffee Facts of Major Coffee Markets
An Insight into Origins of Coffee
Coffee Varieties
Types of Coffees
Coffee Waves: Tracking the Evolution of Coffee Industry
Coffee Production Landscape
Brazil Dominates Global Coffee Production
Surging Output & Receding Demand amid COVID-19 Jolts Coffee Industry
Major Coffee Producing Regions/Countries: Snapshot Profiles
Europe Leads Global Coffee Consumption
Recent Market Activity
World Brands
2. FOCUS ON SELECT PLAYERS(Total 269 Featured)
Costa Coffee
Cafe Coffee Day
Caffe Nero
CaffeRitazza
Caribou Coffee Company
Coffee Beanery
Coffee Republic
Dutch Bros Coffee
Gloria Jean's Coffees International Pty .Ltd.
McCafe
Peet's Coffee
Second Cup Coffee Co.
Starbucks Corporation
Tim Hortons, Inc.
3. MARKET TRENDS & DRIVERS
Coffee Shops Shift to Drive-thru & Contactless Pick-up Options to Re-Energize Business and Stay Viable during COVID-19
Online Orders Gain Traction
Hygiene Trends Redefine Coffee Shop Business
Contact-less Machines and Robots Address the Shifting Consumer Mindset
Emergence of Innovative Coffee Brewing Methods
Coffee Experience to be Redefine Designs
Changing Consumption and Spending Patterns
Coffee shops to Remain Workplaces for Digital Nomads
Going forwards Working Customers to Drive More Traffic to Coffee Shops
Youngsters and Millennials Alter the Growth Patterns at Coffee Shops
Global Millennial Population Facts & Figures: Important Opportunity Indicators
Global Millennials Population Spread by Region (in %): 2019
Generation Z Emerge as Influential Coffee Buying Demographic
Coffee Tourism, Gourmet Coffee and Preference for Specialty Coffee Stay Unmuted
Consumer Preference for Premium Products Fuels Growth in Specialty Coffee Shops Market
New Beverage Concepts Influence Coffee Shops
Snapchilled & Healthy Coffees
Brands Focus on Innovations in Foam Art
Non-Dairy Milk Alternatives Take Center Stage
Emergence of Innovative Coffee Brewing Methods
Coffee Shops Resort to Novel Promotional Strategies
Impact of Rising Popularity of Tea & Efforts to Alienate from Disposable Cups
Coffee Shops Eye Waste Reduction Strategy to Earn Customer Loyalty
Recycling Paper Cups Remains Formidable Challenge
Efforts to Engage in Circular Economy through Waste Reduction
Encouraging Use of Reusable Cups
Using Spent Coffee Grounds
Targeting Energy Savings
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
COVID-19 Pandemic Dents a Serious Blow to 'American Coffee Culture
Coffee Culture in the US :A Review
Recent Coffee Trends Summarized
Millennials and Generation Z: The Most Attractive Consumer Groups for Coffee Shops
Distribution Channels: Specialty Coffee Shops Dominate the Scenario
Competitive Landscape
Consolidation Activity Continues to Influence Coffee Shop Operators
CANADA
Market Overview
Specialty Coffee: Among the Most Favored Beverages
Leading Coffee Franchises
Market Analytics
JAPAN
Market Overview
Rising Popularity of Fresh Ground Coffee Bodes Well for the Market
Market Analytics
CHINA
Market Overview
Urban Sprawl & Expanding Middle Class Bode Well for Market Expansion
Quality of Produce Drive Chinese Coffee Production
Competition
US Coffee Chains Enjoy Significant Popularity
EUROPE
European Coffee Shops Market
Specialty Coffee Shops Gain Traction
Competitive Scenario: Leading Retail Coffee Shop Chains
FRANCE
GERMANY
ITALY
UNITED KINGDOM
COVID-19 Crisis & BREXIT Woes Impede Momentum in the UK Coffee Shops Market
Coffee Shops in the UK: An Overview
Youngsters Choose Coffee Over Tea
Competition
Leading Branded Coffee Chains in the UK: Ranked by Number of Stores for 2019
SPAIN
Characterized by Sound Coffee Culture
RUSSIA
Coffee Shops Market Faces the Brunt of COVID-19 Crisis
Market Overview
Russian Coffee Shop Chains Expand International Presence
Market Analytics
REST OF EUROPE
Austria
Belgium
Denmark
Finland
Greece
Ireland
Sweden
The Netherlands
Turkey
Market Analytics
ASIA-PACIFIC
Urbanization: A Megatrend Fueling Coffee Shop Culture
AUSTRALIA
Impact of COVID-19 on Future Coffee Consumption
A Major Market for Coffee Shops in Asia-Pacific
INDIA
COVID-19 Chokes Domestic Demand and Exports of India Coffee
Future Prospects
Competitive Landscape
Market Share of Leading Coffee Chains in India: 2019
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