NEW YORK, March 11, 2021 /PRNewswire/ -- The global specialty coffee shops market is expected to register an incremental growth of USD 80.78 billion, growing at a CAGR of almost 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Barista Coffee Co. Ltd., Caffe Nero Group Ltd., Coffee Day Enterprises Ltd., Costa Ltd., Dunkin' Brands Group Inc., McDonald's Corp., MTY Food Group Inc., Restaurant Brands International Inc., Starbucks Corp., and Whitbread Plc. are among some of the major market participants.
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Increasing consumption of coffee has been instrumental in driving the growth of the market.
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Specialty Coffee Shops Market is segmented as below:
Based on geographic segmentation, 42% of the market's growth is expected to originate from North America during the forecast period. Similarly, the independent coffee shops segment is expected to lead the growth of the market during 2020-2024.
Independent Coffee Shops
Chain Coffee Shops
Specialty Coffee Shops Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Thespecialty coffee shops market report covers the following areas:
Specialty Coffee Shops Market Size
Specialty Coffee Shops Market Trends
Specialty Coffee Shops Market Industry Analysis
This study identifies new promotional strategies by vendors as one of the prime reasons driving the Specialty Coffee Shops Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist specialty coffee shops market growth during the next five years
Estimation of the specialty coffee shops market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the specialty coffee shops market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of specialty coffee shops market, vendors
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Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Type
Comparison by Type placement
Independent coffee shops - Market size and forecast 2019-2024
Chain coffee shops - Market size and forecast 2019-2024
Market opportunity by Type
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market positioning of vendors
Barista Coffee Co. Ltd.
Caffe Nero Group Ltd.
Coffee Day Enterprises Ltd.
Dunkin' Brands Group Inc.
MTY Food Group, Inc.
Restaurant Brands International Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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