The European coffee market size is reasonably estimated to be around USD 3.96 Million in 2022 and is poised to generate a revenue of over USD 6.27 Million by the end of 2030, projecting a CAGR of around 6.8% from 2023 to 2030.
Coffee is a thick, dark liquid with a slightly acidic and bitter flavor, made from roasted espresso beans. The main ingredient for its energizing effect is caffeine. Coffee is the beverage that dominates the hot drinks market worldwide. Unroasted green coffee beans are sourced from the separated seeds of the fruit of the coffee plant as part of the production process. These beans are roasted, finely ground, steeped in hot water, filtered, and made into the widely consumed beverage known as coffee. Coffee is typically served hot, although chilled and iced coffee are also becoming increasingly popular.
Coffee is a major agricultural export and provides employment for many planters and roasters. Over the past decade, premium coffee consumption has surged due to the increasing disposable money of the younger generation and improving living standards that have made the beverage very popular. Europe accounts for a significant portion of the global coffee market, accounting for almost one-third of it. Although long-term consumption is predicted to level off, Europe remains a desirable location for coffee producers. Europe's expanding specialty coffee industry offers plenty of lucrative prospects, especially for a sector that prioritizes building long-term business relationships and values quality over price.
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The major players involved in the European coffee market are:
Lavazza, Jacobs Dow Egberts, Nestle, Melitta Group, Strauss Group, Tchibo, Julius Meinl, Löfbergs, Paulig, Geisha, Segafredo Zanetti, Illy, Kimbo, Café Borbone, Vergnano
European Coffee Market Segmentation:
By Product Type
· Whole bean coffee
Ground coffee
· Instant coffee
Coffee pods
Capsules
By variety
Arabica
Robusta
Canephora
By distribution channel
· During trading
Off-trade
By region
Eastern Europe (Bulgaria, Czech Republic, Hungary, Poland, Romania, and other Eastern European countries)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
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