Global Espresso Coffee Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ xx.xx billion over the forecast period. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 7.01% during the forecast period, i.e. 2017-2025 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.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

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.

Market Dynamics: 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

The global espresso coffee market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. 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.

Global Espresso Coffee Market Size, Share Analysis By Region 2017

Global Espresso Coffee Market Study Objective

1. To forecast the market size of espresso coffee market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of espresso coffee market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of espresso coffee market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of espresso coffee market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the espresso coffee market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

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.

Global Espresso Coffee Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.