Overview:

Coffee is considered as one of the largest traded commodity, produced mainly in Brazil, Indonesia and Guatemala etc. among other countries in the world. Coffee which scores more than 80 points on a 100-point scale is termed as "specialty." Specialty coffee shops are referred as outlets that sell premium specialty coffee along with other foods and beverages. Usually, specialty coffee shops generates almost 55% of its sales from coffee or products closely associated with coffee.

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. High demand for specialty coffee stimulates specialty coffee vendors to invest on research and development, introduce new flavor, product diversification, etc. In order to be more accessible and to attract and retain specialty coffee consumers, key vendors have come up with technological innovations which aimed to ease monetary transactions post coffee consumption. Other stimulant to increase specialty coffee consumption is rewarding loyalty points to regular customers of specialty coffee. These promotional offers, product innovation, etc. are anticipated to boost the global specialty coffee market. However, some restraints of the market include fluctuation of price in coffee beans coupled with shortage of supply of the same during unfavorable weather conditions.  

Based on application, the global specialty coffee market is segmented into food, beverages, nutraceuticals, and others which include cosmetic and others. On basis of distribution channel, food service, super and hyper market, online, specialty stores and convenience stores are the sub-segments. 

By geography, the global specialty coffee market is segmented into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. In 2017, Europe is the market leader in global specialty coffee market both in terms of value and volume closely followed by North America. Rapid increase in number of coffee shops, along with local coffee brands and baristas are driving the growth of European specialty coffee market. Major countries in Europe like U.K, Italy, and Germany are contributing for growth of this market. Apart from this, North America witnessed rapid growth, this is attributed to rising coffee consumption in U.S mainly among the younger age group coupled with strong growth in daily specialty coffee drinkers’ thus further strengthening 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
• By Geography
  • North America
    • US
    • Canada
  • Europe
    • U.K
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle-East & Africa (MEA)
    • GCC
    • Rest of MEA

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