July 23, 2024

United States Coffee Market Analysis

 

The United States Coffee Market was valued at US$ 26.96 billion in 2023. It is expected to grow significantly, reaching US$ 37.38 billion by 2032, with a compound annual growth rate (CAGR) of 3.70% from 2024 to 2032.

 

The United States coffee industry, a significant contributor to the national economy and job market, is heavily reliant on overseas coffee production. The millennial population, with its high demand for coffee, has played a pivotal role in transforming coffee shops into popular social gathering places. The changing consumer lifestyles and the increasing working youth population in the US are key factors fueling the rapid growth of the coffee market. The rise in takeaway coffee consumption further indicates the potential for market growth in the coming years.

 

 

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American consumers prioritize premium coffee and prefer high-quality coffeehouses. Consistency in coffee quality is essential for repeat visits. Using machine-based food processing units is expected to enhance coffee production in the US. Instant coffee products are popular due to their convenience. While the coffee industry is booming in the United States, Central American farmers face challenges leading to a shift in coffee production.

 

 

Driving Factors in the United States Coffee Industry

 

Rising Consumer Preference for Specialty Coffee: The rising consumer preference for specialty coffee is a significant growth driver in the United States coffee market. As consumers become more educated about coffee quality and origins, there is a growing demand for premium, ethically sourced, and unique coffee varieties. Specialty coffee shops, third-wave coffee movements, and the availability of single-origin beans contribute to this trend. Consumers are willing to pay a premium for high-quality, artisanal coffee, which boosts sales and encourages the proliferation of specialty coffee brands and cafes. This shift towards specialty coffee enhances the market and fosters innovation and diversification in coffee products and experiences.

 

Increasing Popularity of Cold Brew and Ready-to-Drink Coffee: The increasing popularity of cold brew and ready-to-drink (RTD) coffee drives growth in the United States coffee market. These convenient and refreshing coffee options cater to busy lifestyles and the demand for on-the-go beverages. Cold brew coffee, known for its smooth taste and lower acidity, has gained a substantial following. Meanwhile, RTD coffee products, including bottled and canned varieties, offer consumers a quick and accessible way to enjoy their favorite coffee drinks. The rise of these products has led to expanded offerings from significant coffee brands and new entrants, fueling market growth and meeting diverse consumer preferences.

 

Health and wellness trends are significantly shaping the United States coffee market: Consumers, increasingly seeking healthier beverage options, are driving the popularity of coffee products with added health benefits, such as functional ingredients like antioxidants, vitamins, and adaptogens. The inclusion of plant-based milk alternatives, such as almond, oat, and soy milk, in coffee beverages is also a response to these trends, catering to lactose-intolerant and health-conscious individuals. This focus on health and wellness is not only driving innovation in coffee products and formulations but also expanding the market to include a broader range of health-focused coffee options, attracting a wider audience of health-conscious consumers.

 

Proliferation of Coffee Shops and Cafés: The proliferation of coffee shops and cafés across the United States significantly contributes to the growth of the coffee market. Chains like Starbucks, Dunkin’, and numerous independent cafés have expanded their presence, making coffee more accessible and ingrained in American culture. These establishments offer a wide variety of coffee beverages and create social hubs for consumers. The convenience of grab-and-go options and the trend of remote work and study have increased foot traffic in coffee shops. This expansion has driven higher coffee consumption, both on-premise and through retail sales of branded coffee products.

 

 

United States Coffee Company Analysis

 

Nestlé S.A., Eight O’Clock Coffee Company, Kraft Heinz Co., The J.M. Smucker Co., Fresh Roasted Coffee LLC, Keurig Dr. Pepper Inc., White Wave Food Co., Monster Beverage Corporation, Califia Farms LLC, and Starbucks Corporation are the prominent player in the USA Coffee Market.

 

 

United States Coffee Company News

 

May 2024: NESCAFÉ, synonymous with soluble coffee, just launched its new premium Espresso Concentrate Coffee product. This shows that Nestlé, like the rest of the coffee industry, is paying close attention to the phenomenal growth of cold coffee and convenience.

 

In December 2023, Italian coffee roaster Lavazza advanced its partnership with Paris Baguette America by launching Paris Baguette Blend, a whole–ban packaged coffee product set to be introduced across the bakery café chain’s 170 US stores.

 

In July 2023, Starbucks launched a new beverage line-up in the US, featuring two new offerings: whole-bean packaged coffee and bite-sized Bumblebee Cake Pop.

 

 

Product Type – United States Coffee Market is Covered with 4 Viewpoints

 

  1. Whole Bean
  2. Ground Coffee
  3. Instant Coffee
  4. Coffee Pods and Capsule

 

 

Distribution Channel – United States Coffee Market is Covered with 4 Viewpoints

 

  1. Supermarkets/Hypermarkets
  2. Convenience/Grocery Stores
  3. Online Retail
  4. Other Distribution Channels

 

 

All the Key players have been covered from 4 Viewpoints:

 

  1. Overview
  2. Recent Development & Strategies
  3. Product Portfolio & Product Launch in Last 1 Year
  4. Revenue

 

 

Company Covered:

 

  1. Nestlé S.A.
  2. Eight O’ Clock Coffee Company
  3. Kraft Heinz Co.
  4. The J.M. Smucker Co.
  5. Fresh Roasted Coffee LLC
  6. Keurig Dr Pepper Inc.
  7. White Wave Food Co.
  8. Monster Beverage Corporation
  9. Califia Farms LLC
  10. Starbucks Corporation

 

 

 

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