Market Overview:
North America Coffee Market Size Was Valued at USD 30,804.23 Million in 2022, and is Projected to Reach USD 43,472.47 Million by 2030, Growing at a CAGR of 4.40 % From 2023-2030.
The term North America Coffee is used to refer to coffee that is rated 80 points or more on a 100-point scale by either a Certified Coffee Tester (SCAA) or a Certified Q Grader (CQI). North America Coffee is coffee at its peak and is different from other coffees because specialty coffees are grown at the perfect height, at the right time of year, in the best soil, and then picked at the right time. All this turned into one of the most interesting and flavorful coffees in the world. The term "specialty coffee" was first used in the 1970s in the Coffee and Tea Trade Journal, just a few years after the first Starbucks store opened. Thanks to stores like Starbucks and Peet's, coffee has evolved from a modern convenience into a consumer experience.
Top Key Players in North America Coffee Market:
Caribou Coffee Company, Blue Bottle, Starbucks Corporation, Bulletproof, 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., and Other Major Players.
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The report summarizes all the information collected and serves the customer's requirements. However, these market analyses help in understanding market growth at both global and regional levels. For market data analysis, we have market panorama tools such as Market Dynamics, Competitor Analysis, PESTEL Analysis, SWOT Analysis, Porter Five Forces Analysis, Value Chain Analysis, Technology Roadmap and Evolution, Regulatory Framework, Price Trend Analysis, Patent Analysis, Covid-19 Impact Analysis, Russia-Ukraine War Impact and others.
Market Dynamics and Factors for the North America Coffee Market:
Drivers:
The Growing Consumption of Coffee in the Region
The growing demand for the growing popularity and easy availability of coffee is helping to drive the growth of the market. North America is currently experiencing significant growth in the North America Coffee market due to socioeconomic conditions. People's busy and stressful lifestyles have fueled the demand for instant coffee in the region. In addition, the availability of a wide range of new flavors, such as cappuccino, mocha, French vanilla, Italian roasted coffee, organic instant coffee, and green bean instant coffee, will continue to drive demand.
Opportunities:
Quality Blends and Milk Alternatives
Coffee expert opinion has long believed that the finest, highest quality coffee comes from single-origin beans. It's been the same at specialty stores and top coffee shops for years. Recently, mixtures of grains from different origins have begun to dominate. Mixing different types of coffee used to be a way to improve taste and cut costs. However, some of the best baristas in the world use their blends so effectively that they have gained more recognition and appreciation. As the future of coffee production is uncertain, blends seem to be a trend that will last. In addition, another not-so-new trend is the use of non-dairy milk in coffee.
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Segmentation Analysis of the North America Coffee Market:
By Product Type
· Whole Bean Coffee
· Ground Coffee
· Instant Coffee
· Coffee Pods
· Capsules
By Variety
· Arabica
· Robusta
· Canephora
By Distribution Channel
· On Trade
· Off Trade
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North America Coffee Market Regional Insights:
US is Expected to Dominate the Market Over the Forecast period
The US, as the most populous country in North America, boasts the highest coffee consumption, exceeding that of Canada and Mexico combined. Studies by the National Coffee Association (NCA) indicate a two-decade high in daily coffee consumption by Americans, exceeding 630 million cups. The US does not cultivate coffee domestically, it remains a major importer, receiving coffee beans from South and Central America, Africa, and Asia. In 2022, the US imported over 3 million tons of coffee, solidifying its position as a key player in the global coffee trade.
The US coffee industry is diverse and dynamic, encompassing large chains like Starbucks and Dunkin' Donuts alongside independent cafés and specialty roasters. This variety caters to various consumer preferences and brewing methods.
Key Industry Developments in the North America Coffee Market:
In September 2023, Nestlé unveiled its Vertuo Next coffeemaker, featuring a new brewing system and a wider range of coffee pod options, including iced coffee capsules.
In October 2023, Dunkin' Donuts introduced its first-ever oat milk latte nationwide, catering to the growing demand for plant-based options
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