Specialty Coffee Market By Application, By Distribution Channel 2018-2026 | Size and Forecast | Credence Research

Global specialty coffee market is estimated to witness growth in the upcoming years mainly due to rise in per capita consumption of specialty coffee majorly from the younger segment

SANJOSE, United States - July 16, 2019 /MarketersMedia/ —

Coffee is considered one of the largest traded commodities produced mainly in Brazil, Indonesia, and Guatemala, among other countries in the world. Coffee that scores more than 80 points on a 100-point scale is called "specialty." Specialty coffee shops are referred as outlets that sell premium specialty coffee along with other foods and beverages. Specialty coffee shops generate nearly 55% of their sales from coffee or coffee-related products.

It is estimated that the global specialty coffee market will observe growth in the coming years mainly due to increased per capita consumption of specialty coffee, mainly from the younger segment. High demand for specialty coffee stimulates specialty coffee vendors to invest in research and development, introduce new flavour, diversify products, etc. Key vendors have come up with technological innovations that aim to ease monetary transactions after coffee consumption in order to be more accessible and to attract and retain specialty coffee consumers. Other incentives to increase the consumption of specialty coffee is to reward loyalty points to regular specialty coffee customers. These promotional offers, product innovation, etc. are expected to boost the global specialty coffee market. Some market restraints, however, include price fluctuations in coffee beans coupled with a shortage of the same during unfavourable weather conditions.

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The global specialty coffee market, based on application, is segmented into food, beverages, nutraceuticals, and others that include cosmetics and others. On the basis of distribution channel, food service, super and hypermarket, online, specialty stores and convenience stores are the sub-segments.

By geography, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa segment the global specialty coffee market. Europe will be the market leader in the global specialty coffee market in 2017, both in terms of value and volume, followed closely by North America. A rapid increase in the number of coffee shops is driving the growth of the European specialty coffee market along with local coffee brands and baristas. Major European countries such as the UK, Italy and Germany are contributing to this market's growth. In addition, North America has witnessed rapid growth, this is attributed to rising coffee consumption in the U.S. mainly among the younger age group, coupled with strong growth in daily specialty coffee drinkers, thus further boosting demand for specialty coffee.

Global specialty coffee market is segmented as below:

By Application:
Food
Beverages
Neutraceutical
Others (Cosmetic, etc.)

By Distribution Channel:
Food Service
Super and Hyper Market
Online
Specialty Stores
Convenience stores

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Key players across the global specialty coffee market value chain are:

Dunkin' Brands Group,
Starbucks,
McDonald's,
Whitbread,
Restaurant Brands International,
Barista Coffee,
Coffee Day Enterprises,
Caribou Coffee,
Coffee Beanery Peet's Coffee & Tea and Global Baristas US among others.

This report offers:

Assessment of global specialty coffee market trends for the period 2016-2026
Historical (past) information for 2016 & 2017 and projections with CAGRs from 2018 to 2026 considering 2017 as base year for the market
Market drivers, restraints, future prospects and competitive analysis (market positioning) of key market players
Overview of the global specialty coffee market value chain
Company profiling with major information about the key players operating in global specialty coffee market
Estimation of market size in terms of value and volume

Browse Full Report @ https://www.credenceresearch.com/report/specialty-coffee-market

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