COFFEE MARKET ANALYSIS
The global coffee market size was valued at USD 127 billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 4.72% from 2023 to 2030. The coffee market is expected to witness a significant growth owing to the increasing demand for organically and sustainably cultivated whole-bean coffee. This is primarily due to its high antioxidant properties and health benefits. Furthermore, the market is also gaining popularity due to its rich taste and aroma.
Global Coffee Market Trends:
Organic and fair-trade coffee is a growing trend
The rising popularity of organic and fair trade coffee is accelerating growth of the coffee market. The growing demand for certified products is mainly attributed to the increased consumer confidence, as these certified products are believed to be reliable and safe for use.
Figure 2. Global Coffee Market Share (%), By Segment
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