Europe Coffee Market (2020-2026): Growth,Challenges, and Opportunities – 6Wresearch
Europe Coffee Market Overview
Europe coffee market is estimated to be worth XX billion by the end of 2024, and is projected to grow at a CAGR of XXXX% during 2020-2026.The key factors that are fueling the growth of the Europe coffee market are increasing awareness about the health benefits of coffee consumption, growing preference for premium coffee brands, growing demand for healthy snacks and beverages, and increasing growth in the café and restaurant industry.The top countries in Europe contributing to the market growth are Germany, France, Italy, Spain, Poland, and Russia. These countries are primarily responsible for the high demand for premium coffee brands. Growth in the café and restaurant industry is also expected to contribute significantly to the market growth over the forecast period.
Some of the key players in this market include JAB Holding Company (Germany), Starbucks Corporation (US), Duchy Originals (France), Costa Coffee plc (UK), Jacobs Douwe Egberts NV (Netherlands), Tim Hortons Inc. (Canada), Rojava Coffee Roasters AB (Sweden), and Mondelēz International Inc. (US).
Europe Coffee Market Forecast
The market is forecast to grow at a rate of XXXX% in the next five years, reaching XXXX billion euros by 2021. The main drivers of this growth are increasing demand from emerging markets and the increasing popularity of specialty coffee.
However, the market is increasingly facing challenges, including increased competition from other beverage types and a slowdown in the growth of discretionary spending among consumers. These factors are expected to negatively affect coffee sales in Europe over the next five years.
Despite these challenges, there are several opportunities that businesses can take advantage of to continue growing their businesses in Europe. These include continuing to develop new product lines and targeting specific customer segments, such as luxury brands or food service providers. Additionally, firms should focus on building strong partnerships with other organizations in order to expand their reach and increase their competitive advantage.
Europe Coffee Market Research
The market is forecast to grow at a modest rate of XXXX% in 2016 and XXXX% in 2017, due to increasing demand in developing countries. However, the market is expected to decline by XXXX% in 2018 as growth rates in these regions decline.
Based on product types, the Europe coffee market is divided into Arabica and Robusta coffee beans. Arabica beans are projected to be the dominant type in the Europe coffee industry, accounting for over two-thirds of total sales. The rest of the share is attributed to Robusta beans.
In terms of geography, Europe dominates the global coffee market with a share of almost XX%. North America occupies a second position with a share of nearly XX%, followed by Asia Pacific with a share of around XX%. The remaining shares are accounted for by other regions such as Latin America and Africa.
There are several factors that are expected to drive the Europe coffee market growth over the next few years:
- Increasing demand from developing countries like China and India.
- Improved economic conditions across Europe.
- Growth in premium segment.
- Rising awareness about health benefits of coffee consumption; and
- Improving infrastructure facilities and quality standards within the industry.
Europe Coffee Market Key Drivers and Growth Factors
The coffee market in Europe is expected to grow at a CAGR of XXXX% during the forecast period, owing to the increasing consumption of coffee beverages and snacks in the region. In terms of volume, the market is estimated to reach US$ XXXX billion by 2021. The growth is attributed to the growing trend among consumers toward healthier lifestyles and increased disposable incomes in Europe.
Some key drivers for the Europe coffee market include the increasing consumer demand for premium coffee beverages and snacks, rising per capita income levels, and increasing urbanization rates in Europe. The market is also benefitting from new product launches and innovation initiatives from key players. However, risks associated with global economic conditions and changing consumer preferences could hamper market growth.
Challenges, Barriers, and Opportunities for Europe Coffee Industry
Major challenges for the coffee market in Europe include a decrease in consumption due to health concerns, changing consumer preferences, and a rising number of coffee substitutes.
There are also numerous barriers to entry for new businesses, including high start-up costs and a lack of awareness among consumers about the benefits of coffee.
However, there are many opportunities for Europe coffee producers as well. For example, the increasing popularity of specialty coffees is giving traditional Europe producers a chance to gain an edge in the market. Additionally, the growth of e-commerce has created opportunities for companies that can provide quality products and services at a lower cost than traditional retailers.
Europe Coffee Market Competitive Analysis
The Europe coffee market is projected to grow at a CAGR of XXXX% from 2020 to 2026, growing to a value of $XXXX billion.The key factors driving the growth of the market are increasing consumption of coffee beverages, increasing demand for specialty coffees, and increasing popularity of healthy lifestyles.In terms of beverage types, the market is dominated by espresso coffee. Espresso coffee is projected to account for XXXX% of the total value sales in the Europe coffee market by 2026.
Other beverage types such as cappuccino and latte are also growing in popularity, but they are not as popular as espresso coffee. In terms of regions, Europe is divided into three main markets: Northern Europe, Central Europe, and Southern Europe. Northern Europe is the largest region in terms of market size, followed by Central Europe, and then Southern Europe.
Some of the major players in the market include JAB Holdings (U.K.), Starbucks Corporation (U.S.), Costa Coffee S.A. (Italy), Nespresso S.pA (Italy), Unilever N.V.(Netherlands), Mondelēz International S.A.(France), The Kraft Heinz Company (U.S.), Nestlé SA (Switzerland), and Danone Group (France).
