Global Specialty Coffee Market Size & Outlook, 2023-2030

The specialty coffee industry worldwide is expected to reach a projected revenue of US$ 51,404.0 million by 2030. A compound annual growth rate of 11.3% is expected of the worldwide specialty coffee industry from 2024 to 2030.

Revenue, 2023 (US$M)
$24,283.1
Forecast, 2030 (US$M)
$51,404.0
CAGR, 2024 - 2030
11.3%
Report Coverage
Worldwide

Global specialty coffee market highlights

  • The global specialty coffee market generated a revenue of USD 24,283.1 million in 2023 and is expected to reach USD 51,404.0 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 11.3% by 2030.
  • In terms of segment, 18-24 accounted for a revenue of USD 7,933.9 million in 2023.
  • 25-39 is the most lucrative age group segment registering the fastest growth during the forecast period.
  • In terms of region, Europe was the largest revenue generating market in 2023.
  • Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.

Global data book summary

Market revenue in 2023USD 24,283.1 million
Market revenue in 2030USD 51,404.0 million
Growth rate11.3% (CAGR from 2023 to 2030)
Largest segment18-24
Fastest growing segment25-39
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentation18-24, 25-39, 40-59, Above 60

Other key industry trends

  • In terms of revenue, the North America accounted for 25.6% of the global specialty coffee market in 2023.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Mexico is the fastest growing regional market and is projected to reach USD 1,588.5 million by 2030.

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Specialty Coffee Market Scope

Specialty coffee market segmentation & scope
18-24
25-39
40-59
Above 60
Home
Commercial
Supermarkets/hypermarkets
Convenience stores
Online

Specialty Coffee Market Companies

Name Profile # Employees HQ Website

Global specialty coffee market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to specialty coffee market will help companies and investors design strategic landscapes.


18-24 was the largest segment with a revenue share of 32.67% in 2023. Horizon Databook has segmented the Global specialty coffee market based on 18-24, 25-39, 40-59, above 60 covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Specialty Coffee Age Group Outlook (Revenue, USD Million, 2018-2030)
    • 18-24
    • 25-39
    • 40-59
    • Above 60
  • Global Specialty Coffee Application Outlook (Revenue, USD Million, 2018-2030)
    • Home
    • Commercial
  • Global Specialty Coffee Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • Supermarkets/hypermarkets
    • Convenience stores
    • Online

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Horizon Databook provides a detailed overview of global-level data and insights on the Global specialty coffee market , including forecasts for subscribers. This global databook contains high-level insights into Global specialty coffee market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global specialty coffee market size, by regions, 2018-2030 (US$M)

Top 10 countries: Specialty coffee market size, 2023 (US$M)

Global specialty coffee market share, by age group, 2023 & 2030 (%, US$M)

Specialty Coffee Market: Opportunity Assessment By Country

Global specialty coffee market, by region, 2023 (US$M)

Global specialty coffee market size, by regions, 2018-2030 (US$M)

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