Specialty Coffee Shops Market Size to Grow by USD 64.82 Billion | By Type (independent coffee shops and chain coffee shops) and Geography | Barista Coffee Co. Ltd., Brew Berrys Hospitality Pvt Ltd., Caffe Nero Group Ltd., Among Others are Some of the Leading Companies

NEW YORK, March 2, 2022 /PRNewswire/ -- The "Specialty Coffee Shops Market by Type (Independent coffee shops and Chain coffee shops) and Geography (North America, Europe, APAC, MEA, and South America) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

The Speciality Coffee Shops Market value is set to grow by USD 64.82 billion, progressing at a CAGR of 13.62% from 2020 to 2025, as per the latest report by Technavio. Moreover, the market vendors should focus on grabbing business opportunities from the independent coffee shops segment as it accounted for the largest market share in the base year. Also, the market in North America is expected to garner significant business opportunities for the vendors during the forecast period with increasing consumption of coffee driving the growth.

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Segmentation Analysis & Forecasts:

The specialty coffee shops market share growth by the independent coffee shops segment will be significant during the forecast period. The growth of the segment is expected to result primarily from a growth in the number of gourmet coffee shops globally. The growing popularity of gourmet coffee shops among the urban population is resulting in the vendors expanding their business to cater to the population in developed countries.

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Regional Analysis & Forecasts:

41% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for specialty coffee shops in North America. Market growth in this region will be faster than the growth of the market in the European and South American regions.

Customization is a key element that numerous customers in North America, especially millennials, look for. Specialty coffee shops offer the option to customize coffee or other beverages as per customers' preferences. This will facilitate the specialty coffee shops market growth in North America over the forecast period.

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Key Market Dynamics:

• Market Driver

One of the key factors driving growth in the specialty coffee shops market is the increasing consumption of coffee. Coffee is the second-most traded commodity in the world after oil, and the demand for coffee has been increasing at a significant rate in recent years. The cultivation of coffee is limited to 45 countries globally, with countries such as Brazil, Vietnam, Indonesia, and Colombia being the leading producers of coffee. The growing popularity and the easy availability of coffee are expected to increase its demand. For instance, the demand for coffee pods has been increasing at a significant rate in the US owing to its easy brewing and the convenience it offers to brew coffee at home. This has resulted in an increased preference of consumers for coffee. The increasing demand for coffee has resulted in an increased growth opportunity for the vendors in the market. This is also leading to the vendors focusing on product diversification, the introduction of new flavors, and brand extensions to increase earnings. The consumption of coffee in developing countries such as China, India, and Brazil has also been increasing at a significant rate. As a result, the increasing consumption of coffee worldwide is expected to drive the demand for specialty coffee shops during the forecast period.

• Market Challenges

The fluctuating prices of coffee beans will be a major challenge for the specialty coffee shops market vendors. Various factors such as disparity in demand and supply of coffee beans, decreased production of coffee beans, unfavorable weather conditions, and rising labor costs are leading to volatility in coffee prices. The increase in the price of raw materials not only increases the cost but also reduces manufacturers' profit margins. Furthermore, increasing competition in the market between the vendors is resulting in them operating on low-profit margins despite the increasing costs of raw materials. This factor, along with the need to remain competitive in the market, influences manufacturers to experiment with low-cost substitutes such a low-grade coffee beans and instant coffee powder. The fluctuating prices of coffee beans are expected to limit the growth of the global specialty coffee shops market.

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Some Companies Mentioned

The specialty coffee shops market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

• Barista Coffee Co. Ltd.
• Brew Berrys Hospitality Pvt Ltd.
• Caffe Nero Group Ltd.
• Coffee Day Enterprises Ltd.
• Costa Ltd.
• Inspire Brands Inc.
• McDonald Corp.
• MTY Food Group Inc.
• Restaurant Brands International Inc.
• Starbucks Coffee Company

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Key Topics Covered:

• Executive Summary
• Market Landscape
• Market Sizing
• Five Forces Analysis
• Market Segmentation by End-user
• Customer landscape
• Geographic Landscape
• Vendor Landscape
• Vendor Analysis
• Appendix

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Table of Contents

1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01:  Parent market

                2.2 Market Characteristics      

                                Exhibit 02:  Market Characteristics

                2.3 Value chain analysis           

                                Exhibit 03:  Value Chain Analysis: Restaurant market

                                2.3.1 Inputs 

                                2.3.2 Inbound logistics

                                2.3.3 Operations

                                2.3.4 Outbound logistics

                                2.3.5 Marketing and sales 

                                2.3.6 Service 

                                2.2.7    Support activities

                                2.2.8    Innovation

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 04:  Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 05:  Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 06:  Global - Market size and forecast 2020 - 2025 ($ billion)

                                Exhibit 07:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 08: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Market condition - Five forces 2020

5. Market Segmentation by Type                     

                The segments covered in this chapter are:

• Independent coffee shops
• Chain coffee shops

The segments have been ranked based on their market size in 2020. The Independent coffee shops segment constituted the largest segment in 2020, while the smallest segment was Chain coffee shops.

                5.1 Market segments

                                Exhibit 15:  Type - Market share 2020-2025 (%)

                5.2 Comparison by type           

                                Exhibit 16:  Comparison by Type

                5.3     Independent coffee shops - Market size and forecast 2020-2025 

                                Exhibit 17:  Independent coffee shops - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 18:  Independent coffee shops - Year-over-year growth 2020-2025 (%)

                5.4     Chain coffee shops - Market size and forecast 2020-2025               

                                Exhibit 19:  Chain coffee shops - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 20:  Chain coffee shops - Year-over-year growth 2020-2025 (%)

                5.5     Market opportunity by Type       

                                Exhibit 21:  Market opportunity by Type

6. Customer landscape                         

Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                                Exhibit 22:  Customer landscape

7. Geographic Landscape                     

                The regions covered in the report are:

• North America
• Europe
• APAC
• MEA
• South America

North America was the largest region of the market in 2020 and would continue to be the largest segment of the market in 2025. It would grow at a compounded annual growth rate of 12.84% between 2020 and 2025, which is slower than the overall market. North America would be the third-fastest growing region within the overall market and would grow from $32 billion in 2020 to $58.55 billion in 2025. North America would contribute 40.96% of the incremental growth in the overall market between 2020 and 2025.

                7.1 Geographic segmentation

                                Exhibit 23:  Market share by geography 2020-2025 (%)

                7.2 Geographic comparison   

                                Exhibit 24: Geographic comparison

                7.3 North America - Market size and forecast 2020-2025          

                                Exhibit 25: North America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 26: North America - Year-over-year growth 2020-2025 (%)

                7.4 Europe - Market size and forecast 2020-2025          

                                Exhibit 27: Europe - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)

                7.5 APAC - Market size and forecast 2020-2025             

                                Exhibit 29: APAC - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)

                7.6 MEA - Market size and forecast 2020-2025               

                                Exhibit 31: MEA - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)

                7.7 South America - Market size and forecast 2020-2025          

                                Exhibit 33: South America - Market size and forecast 2020-2025 ($ billion)

                                Exhibit 34: South America - Year-over-year growth 2020-2025 (%)

                7.8 Key leading countries        

                                Exhibit 35: Key leading countries

                7.9     Market opportunity by geography           

                                Exhibit 36:  Market opportunity by geography ($ billion)

8. Drivers, Challenges, and Trends                   

                8.1 Market drivers     

                                8.1.1    Increasing consumption of coffee

                                8.1.2    Growing number of specialty coffee shops globally

                                8.1.3    Rapid urbanization and changing consumer lifestyles

                8.2 Market challenges              

                                8.2.1    Fluctuating prices of coffee beans

                                8.2.2    Impact of weather on coffee production

                                8.2.3    Growing popularity of RTD beverages

                                Exhibit 37: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1    Increasing popularity of coffee among millennials

                                8.3.2    Growing demand for premium and specialty coffee

                                8.3.3    Promotion strategies by vendors to increase coffee consumption

9. Vendor Landscape                             

                9.2 Vendor landscape               

                                Exhibit 38: Vendor landscape

                9.3 Landscape disruption        

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

                                Exhibit 39: Landscape disruption

                9.4 Industry risks        

                                Exhibit 40: Industry risks

10. Vendor Analysis               

                10.1 Vendors covered              

                                Exhibit 41: Vendors covered

                10.2 Market positioning of vendors    

                                Exhibit 42: Market positioning of vendors

                10.3 Barista Coffee Co. Ltd.  

                                Exhibit 43:  Barista Coffee Co. Ltd. - Overview

                                Exhibit 44:  Barista Coffee Co. Ltd. - Product and service

                                Exhibit 45:  Barista Coffee Co. Ltd. - Key offerings

                10.4 Brew Berrys Hospitality Pvt Ltd.

                                Exhibit 46:  Brew Berrys Hospitality Pvt Ltd. - Overview

                                Exhibit 47:  Brew Berrys Hospitality Pvt Ltd. - Product and service

                                Exhibit 48:  Brew Berrys Hospitality Pvt Ltd. - Key offerings

                10.5 Caffe Nero Group Ltd.   

                                Exhibit 49:  Caffe Nero Group Ltd. - Overview

                                Exhibit 50:  Caffe Nero Group Ltd. - Product and service

                                Exhibit 51:  Caffe Nero Group Ltd. - Key offerings

                10.6 Coffee Day Enterprises Ltd.         

                                Exhibit 52:  Coffee Day Enterprises Ltd. - Overview

                                Exhibit 53:  Coffee Day Enterprises Ltd. - Business segments

                                Exhibit 54:  Coffee Day Enterprises Ltd. - Key offerings

                                Exhibit 55:  Coffee Day Enterprises Ltd. - Segment focus

                10.7 Costa Ltd            

                                Exhibit 56:  Costa Ltd. - Overview

                                Exhibit 57:  Costa Ltd. - Product and service

                                Exhibit 58:  Costa Ltd. - Key offerings

                10.8 Inspire Brands Inc.          

                                Exhibit 59:  Inspire Brands Inc. - Overview

                                Exhibit 60:  Inspire Brands Inc. - Product and service

                                Exhibit 61:  Inspire Brands Inc. - Key offerings

                10.9 McDonald Corp

                                Exhibit 62:  McDonald Corp. - Overview

                                Exhibit 63:  McDonald Corp. - Product and service

                                Exhibit 64:  McDonald Corp. - Key offerings

                10.10 MTY Food Group Inc.    

                                Exhibit 65:  MTY Food Group Inc. - Overview

                                Exhibit 66:  MTY Food Group Inc. - Business segments

                                Exhibit 67:  MTY Food Group Inc. - Key offerings

                                Exhibit 68:  MTY Food Group Inc. - Segment focus

                10.11 Restaurant Brands International Inc.      

                                Exhibit 69:  Restaurant Brands International Inc. - Overview

                                Exhibit 70:  Restaurant Brands International Inc. - Business segments

                                Exhibit 71:  Restaurant Brands International Inc. - Key offerings

                                Exhibit 72:  Restaurant Brands International Inc. - Segment focus

                10.12 Starbucks Coffee Company       

                                Exhibit 73:  Starbucks Coffee Company - Overview

                                Exhibit 74:  Starbucks Coffee Company - Business segments

                                Exhibit 75:  Starbucks Coffee Company - Key offerings

                                Exhibit 76:  Starbucks Coffee Company - Segment focus

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 77: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 78: Research Methodology

                                Exhibit 79: Validation techniques employed for market sizing

                                Exhibit 80: Information sources

                11.4 List of abbreviations        

                                Exhibit 81: List of abbreviations

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