North America Specialty Coffee Market
The North America Specialty Coffee Market size was valued at USD 13,528.37 Million in 2021 and is projected to reach USD 26,700.34 Million by 2028, growing at a CAGR of 10.2% from 2022 to 2028, driven by growing demand for on-the-go coffee and strengthening premium coffee shops, despite the COVID-19 pandemic. Product Type, Application, Consumer Age, Distribution Channel, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America specialty coffee market and all its sub-segments through extensively detailed classifications.
The coffee industry provides caffeine to Americans and people around the world to help them get through their busy days. Consumption, production, and prices of coffee have increased steadily over the past decade. This growth trend is expected to continue well into the next decade. In the United States, specialty coffee is spreading across the country, as specialty companies such as Stumptown and Blue Bottle become known as their commercial partners
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In-depth qualitative analyses include identification and investigation of the following aspects:
– Market Structure
– Growth Drivers
– Restraints and Challenges
– Emerging Product Trends & Market Opportunities
– Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify specialty coffee market in every aspect of the classification from perspectives of Grade, Product Type, Application, Consumer Age, Distribution Channel, and Region.
With Regard To The COVID-19 Outbreak Impact Analysis:
Coffee is an important agricultural sector in North America, employing more than 1.2 million people directly. Although export income from the coffee trade has a positive impact on the gross domestic product (GDP) of these countries, poverty is still widespread. For more than a year and counting, the COVID-19 pandemic has turned our lives upside down and created a new set of challenges for people around the world. All players in the coffee industry have been significantly impacted, including coffee farmers, who have faced tough challenges due to low prices and threats of the climate crisis. The lockdown scenario has fueled the trend of online shopping for home consumption, forcing retailers, roasters, and consumers to adapt to this new reality.
Key Players of North America Specialty Coffee Market:
- Caribou Coffee Company
- Blue Bottle
- Starbucks Corporation
- Costa Coffee
- Dunkin’ Donuts LLC
- 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.
Market Segmentation of North America Specialty Coffee Market:
– Coffee with 80-84.99 Points
– Coffee with 85-89.99 Points
– Coffee with 90-100 Points
– Home Use
– Commercial Use
Market Segment by Regions and Countries Level Analysis:
- North America (U.S., Canada, Mexico)
Table of Content:
- Market Introduction
- Market Report Scope and Methodology
- Overview of Market Research Methodology
- Market Overview and Dynamics
- Market Revenue Share Analysis, By Key Players
- Market Segmentation By Application, By Type
- Market COVID-19 Impact analysis with the Impact of COVID-19
- Market Competitive Landscape Analysis
- Market by Region, Historical Data and Market Forecasts
- Market Conclusion
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