Global Espresso Coffee Market by Application (Cappuccino, Mocha, Latte, Macchiato, others), By Beans (Coffee Robusta, Coffee Arabica, Blended Coffee, Others), By Roast (Dark Roast, Light Roast, French Roast, Others) Trends, Competitive Market Share & Forecast, 2018 – 2025

Created On: Aug-2018
Report ID: IR146
Format: PDF

Espresso Coffee Market: Introduction

Espresso is a form of coffee which is prepared by using various beans such as Sumatra, Kenya AA and Kona among others, which forms the base to prepare espresso based coffee. Various espresso based coffee includes latte, cappuccino, mocha, americano and others, which are formed by different methods such as steeping method, filtration method, and others. According to the U.S. Department of Commerce, in 2017, 2.25 billion cups of coffee are consumed per day, from home machines to coffee houses, which is in turn expected to boost the espresso coffee market. For instance, according to the United States Department of Agriculture (USDA), in 2017, U.S. imported 27 million tons of coffee from Brazil, Colombia, Vietnam, and Honduras, and the rising consumption among the populous of U.S. accounted for US$ 12 billion in terms of sales only from coffee shops.

The demand for espresso coffee market is expected to grow due to substantially growth owing to the rising coffee consumption and new product launches by key players in the market. For instance, Starbucks offers variety of flavors as add-on in espresso based beverages such as caramel latte, hazelnut latte, white chocolate mocha, espresso corn pana and others.

Coffee Feasting: Trends & Developments

The espresso coffee market is expected to be driven by the growing consumption rate due to busy lifestyle changes and migration of more people towards urban areas. According to National Center for Biotechnology Information, coffee contains psychoactive substance which heightens alertness and performance at work place, thus 76% of the global population consumes coffee and 61% consumes daily, which in turn is expected to boost the espresso coffee market during the forecast period.

According to Specialty Coffee Association, in U.S., consumption of specialty coffee drinkers has increased to 59% in 2017 from 43% in 2013. This rise in demand for espresso coffee is largely attributed to the consumer’s increasing preference for coffee over tea. Furthermore, increasing presence of cafes offering specialty espresso coffee has further developed taste buds for espresso coffee which is further fuelling market growth.

Segmentation Analysis

Global espresso coffee market is segmented into application, beans type, roast type and end users. Espresso is largely utilized in the making of Cappuccino, Mocha, Latte, Macchiato and others. Among this, Cappuccino continue to be the most popular coffee globally, creating maximum demand in the market, due to its balanced combination of raw coffee powder and espresso shots, thus making it the most favored and easy to make coffee among others. Furthermore, coffee beans vary significantly in the espresso coffee market such as coffee Robusta, Coffee Arabica, Blended coffee and others. The espresso coffee market is further segmented by roast which includes dark roast, light roast, french roast and others.

Market Challenge

The increasing in pricing of espresso is expected to hamper the market growth. For instance, leading players such as Starbucks Corporation increased the price of espresso by 10-30 cents in 2017. Additionally, rising health concerns relating to coffee consumption is another major market challenge. According to NCBI, 80% of caffeine is consumed in the form of coffee which has a strong relation with depression. According to the National Center for Biotechnology Information (NCBI), caffeine and depression has a direct relationship with each other, and affecting women 2% more than men. According to the study by National Center for Biotechnology Information (NCBI), in 2016, 20% of U.S. women suffer from depression due to consumption of caffeine in the form of coffee, which could serve as a major restraining factor for the espresso coffee market.

Regional Analysis

Asia Pacific is expected to be the fastest growing region for the espresso coffee market during the forecast period. The demand for coffee consumption among the large middle class working population and teenagers is expected to increase the consumer base for the consumption of coffee in Asia Pacific. Europe, stands to be one of the key revenue generating region in the forecast period, due to growing preference of consumers towards specialty coffee and increase in number of small roasters, coffee bars, baristas, and small local brands. The European coffee industry has a share of more than 33% in terms of global coffee consumption.

Key Players

The key market players in the espresso coffee market are Starbucks Corporation, Nestle S.A., Bristot, Segafredo Zanetti, Peet’s Coffee, Tully’s Coffee, and Luigi Lavazza among others.

Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
Our Research Approach Includes
  •  Market Outlining
  •  Framing discussion guide
  •  Data Validation
  • Data Analysis
  •  Re-Validation and Finalization of Data
  •  Report Insights and Publishing
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