The Europe Specialty Coffee Market would witness market growth of 10.2% CAGR during the forecast period (2023-2029).
The rising demand for coffee among the Millennial demographic is a significant factor driving the growth of the specialty coffee shop industry. The demographic of Millennials exhibits a higher tendency to allocate a greater portion of their budget toward premium beverage brands in comparison to other age groups. This age group is also interested in exploring new beverage options, labels, and tastes. Manufacturers aim to comprehend the preferences and inclinations of Millennials and create numerous products tailored to this demographic.
Millennials have a tendency to engage in social activities, particularly in coffee shops. The increase in coffee shops has contributed to the growth of specialty coffee shops. Moreover, specialty coffee shops offer diverse amenities to entice clientele. Specialty coffee shops can enhance their sales by offering amenities such as Wi-Fi and air-conditioning to their customers. It is anticipated that these factors will drive the growth of the specialty coffee market and increase the demand for coffee throughout the forecast period.
The industry is experiencing growth due to increasing demand for non-alcoholic beverages. Consumers are increasingly prioritizing beverages that provide sustained refreshment and energy. The increasing demand for portable beverages and the product's convenience is driving its expansion. In addition, ready-to-drink coffees are a popular choice among consumers in the UK due to their energizing properties due to the caffeine content. In addition to serving as a refreshing beverage, they are preferred over other non-alcoholic drinks. The growing usage of ready-to-drink coffee due to the busy lifestyles of people and the increasing preference for carbonated drinks alternatives, thus increasing the usage of specialty coffee in the region to make ready-to-drink coffee products boosting the market expansion.
The Germany market dominated the Europe Specialty Coffee Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,248.1 Million by 2029. The UK market is anticipated to grow at a CAGR of 9.3% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 11% during (2023 - 2029).
Based on Distribution Channel, the market is segmented into Online, Supermarkets/hypermarkets, and Others. Based on Application, the market is segmented into Commercial and Home. Based on Age Group, the market is segmented into 18-24, 25-39, 40-59, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Specialty Coffee Market is Projected to reach USD 41.9 Billion by 2029, at a CAGR of 10.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Starbucks Corporation, Inspire Brands, Inc., F. Gavina and Sons, Inc., Barista Coffee, Coffee Day Enterprises Ltd., Blue Bottle Coffee, Inc. (Nestle S.A.), Eight O'Clock Coffee Company (Tata Consumer Products Limited), Keurig Dr Pepper, Inc., Costa Coffee (The Coca-Cola Company) and The J.M Smucker Company.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
- Online
- Supermarkets/hypermarkets
- Others
By Application
By Age Group
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Starbucks Corporation
- Inspire Brands, Inc.
- F.Gavina and Sons, Inc.
- Barista Coffee
- Coffee Day Enterprises Ltd.
- Blue Bottle Coffee, Inc. (Nestle S.A.)
- Eight O'Clock Coffee Company (Tata Consumer Products Limited)
- Keurig Dr Pepper, Inc.
- Costa Coffee (The Coca-Cola Company)
- The J.M Smucker Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Specialty Coffee Market, by Distribution Channel
1.4.2 Europe Specialty Coffee Market, by Application
1.4.3 Europe Specialty Coffee Market, by Age Group
1.4.4 Europe Specialty Coffee Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Specialty Coffee Market
Chapter 4. Europe Specialty Coffee Market by Distribution Channel
4.1 Europe Online Market by Country
4.2 Europe Supermarkets/hypermarkets Market by Country
4.3 Europe Others Market by Country
Chapter 5. Europe Specialty Coffee Market by Application
5.1 Europe Commercial Market by Country
5.2 Europe Home Market by Country
Chapter 6. Europe Specialty Coffee Market by Age Group
6.1 Europe 18-24 Market by Country
6.2 Europe 25-39 Market by Country
6.3 Europe 40-59 Market by Country
6.4 Europe Others Market by Country
Chapter 7. Europe Specialty Coffee Market by Country
7.1 Germany Specialty Coffee Market
7.1.1 Germany Specialty Coffee Market by Distribution Channel
7.1.2 Germany Specialty Coffee Market by Application
7.1.3 Germany Specialty Coffee Market by Age Group
7.2 UK Specialty Coffee Market
7.2.1 UK Specialty Coffee Market by Distribution Channel
7.2.2 UK Specialty Coffee Market by Application
7.2.3 UK Specialty Coffee Market by Age Group
7.3 France Specialty Coffee Market
7.3.1 France Specialty Coffee Market by Distribution Channel
7.3.2 France Specialty Coffee Market by Application
7.3.3 France Specialty Coffee Market by Age Group
7.4 Russia Specialty Coffee Market
7.4.1 Russia Specialty Coffee Market by Distribution Channel
7.4.2 Russia Specialty Coffee Market by Application
7.4.3 Russia Specialty Coffee Market by Age Group
7.5 Spain Specialty Coffee Market
7.5.1 Spain Specialty Coffee Market by Distribution Channel
7.5.2 Spain Specialty Coffee Market by Application
7.5.3 Spain Specialty Coffee Market by Age Group
7.6 Italy Specialty Coffee Market
7.6.1 Italy Specialty Coffee Market by Distribution Channel
7.6.2 Italy Specialty Coffee Market by Application
7.6.3 Italy Specialty Coffee Market by Age Group
7.7 Rest of Europe Specialty Coffee Market
7.7.1 Rest of Europe Specialty Coffee Market by Distribution Channel
7.7.2 Rest of Europe Specialty Coffee Market by Application
7.7.3 Rest of Europe Specialty Coffee Market by Age Group
Chapter 8. Company Profiles
8.1 Starbucks Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental& Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.2 Inspire Brands, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Acquisition and Mergers:
8.3 F. Gavina and Sons, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.4 Barista Coffee
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Geographical Expansions:
8.5 Coffee Day Enterprises Ltd.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.6 Blue Bottle Coffee, Inc. (Nestle S.A.)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Eight O'Clock Coffee Company (Tata Consumer Products Limited)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.8 Keurig Dr Pepper, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.9 Costa Coffee (The Coca-Cola Company)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.10. The J.M Smucker Company
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
TABLE 1 Europe Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 2 Europe Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 3 Europe Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 4 Europe Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 5 Europe Online Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Online Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe Supermarkets/hypermarkets Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Supermarkets/hypermarkets Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 12 Europe Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 13 Europe Commercial Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Commercial Market by Country, 2023 - 2029, USD Million
TABLE 15 Europe Home Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Home Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 18 Europe Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 19 Europe 18-24 Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe 18-24 Market by Country, 2023 - 2029, USD Million
TABLE 21 Europe 25-39 Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe 25-39 Market by Country, 2023 - 2029, USD Million
TABLE 23 Europe 40-59 Market by Country, 2019 - 2022, USD Million
TABLE 24 Europe 40-59 Market by Country, 2023 - 2029, USD Million
TABLE 25 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 26 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 27 Europe Specialty Coffee Market by Country, 2019 - 2022, USD Million
TABLE 28 Europe Specialty Coffee Market by Country, 2023 - 2029, USD Million
TABLE 29 Germany Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 30 Germany Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 31 Germany Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 32 Germany Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 33 Germany Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 34 Germany Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 35 Germany Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 36 Germany Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 37 UK Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 38 UK Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 39 UK Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 40 UK Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 41 UK Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 42 UK Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 43 UK Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 44 UK Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 45 France Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 46 France Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 47 France Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 48 France Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 49 France Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 50 France Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 51 France Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 52 France Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 53 Russia Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 54 Russia Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 55 Russia Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 56 Russia Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 57 Russia Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 58 Russia Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 59 Russia Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 60 Russia Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 61 Spain Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 62 Spain Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 63 Spain Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 64 Spain Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 65 Spain Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 66 Spain Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 67 Spain Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 68 Spain Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 69 Italy Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 70 Italy Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 71 Italy Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 72 Italy Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 73 Italy Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 74 Italy Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 75 Italy Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 76 Italy Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 77 Rest of Europe Specialty Coffee Market, 2019 - 2022, USD Million
TABLE 78 Rest of Europe Specialty Coffee Market, 2023 - 2029, USD Million
TABLE 79 Rest of Europe Specialty Coffee Market by Distribution Channel, 2019 - 2022, USD Million
TABLE 80 Rest of Europe Specialty Coffee Market by Distribution Channel, 2023 - 2029, USD Million
TABLE 81 Rest of Europe Specialty Coffee Market by Application, 2019 - 2022, USD Million
TABLE 82 Rest of Europe Specialty Coffee Market by Application, 2023 - 2029, USD Million
TABLE 83 Rest of Europe Specialty Coffee Market by Age Group, 2019 - 2022, USD Million
TABLE 84 Rest of Europe Specialty Coffee Market by Age Group, 2023 - 2029, USD Million
TABLE 85 Key information – Starbucks Corporation
TABLE 86 Key Information – Inspire Brands, Inc.
TABLE 87 Key Information – F. Gavina and Sons, Inc.
TABLE 88 Key Information – Barista Coffee
TABLE 89 Key Information – Coffee Day Enterprises Ltd.
TABLE 90 Key Information – Blue Bottle Coffee, Inc.
TABLE 91 Key Information – Eight O'Clock Coffee Company
TABLE 92 Key Information – Keurig Dr Pepper, Inc.
TABLE 93 Key Information – costa Coffee
TABLE 94 Key Information – The J.M Smucker Company
List of Figures
FIG 1 Methodology for the research