Global Espresso Coffee Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Espresso Coffee Market 2021 (Includes Business Impact of COVID-19)
Global Espresso Coffee Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global espresso coffee market report has been segmented on the bean types, beverage type, application, distribution channel, and region.
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The global Espresso Coffee market size was valued at USD$4.10 billion in 2020 and is projected to reach $8.05 billion by 2030, and is anticipated to expand at a CAGR of 7% over the forecast period from 2020 to 2030.


Global Espresso Coffee Market: Overview


Espresso coffee is a type of coffee prepared by expressing a small amount of boiling water under pressure through ground coffee beans. Espresso coffee is consumed as a coffee shot or occasionally, it is mostly preferred with cream, chocolate, milk, and chocolate, etc. The method of making an espresso is much quicker owing to used mechanical procedures and contains a smaller amount of caffeine, and has a bitter taste. In spite of less caffeine content, the espressos are a high impact of caffeine due to consumption method. In addition, the espresso coffee is generally consumed at coffee shops, restaurants, and malls, etc. and mostly a machine made a drink.


Global Espresso Coffee Market: Dynamics


Increasing popularity of espresso coffee across the globe owing to coffee manufacturers blend espresso shots using other beverages including cappuccino, latte, mocha, etc. is a one of the major factor projected to drive growth of global espresso coffee market during the forecast period. Growing demand for espresso coffee from office cafeterias, hotels, restaurants, and coffee shops in developing economies is another major factor projected to drive growth of the target market in the next 10 years.

In addition, changing living standards of individuals, coupled with robust presence of coffee shop chains in developing economies are some of the factors driving growth of the espresso coffee market.

Growing manufacturers focus towards development of advanced products and strategic initiatives in order to increase presence across the globe are factors projected to create potential revenue opportunities for the players operating in the target market during the forecast period.


Global Espresso Coffee Market: Segment Analysis


Among the bean types segments, the coffee robusta segment is estimated to contribute for major share in the target market in the next 10 years.

Among the beverage type segments, the ristretto segment is projected to register a significant growth rate in the global market during the forecast period.

Among the distribution channel segments, the commercial segment is projected to account for a significant share in the global market. Increasing demand for espresso coffee in theatres, shopping malls and etc. is projected to support growth of the segment.

Among the distribution channel segments, the e-commerce segment is projected to register moderate growth in the espresso coffee market. Increasing e-commerce activities across the globe is estimated to drive growth of the segment.


Global Espresso Coffee Market: Region Analysis


Europe espresso coffee market is projected to register a lucrative growth rate during the forecast period. Increasing coffee consumption and availability in many blends in the region is projected to drive growth of espresso coffee market in Europe. The espresso coffee market in the Asia Pacific is projected to grow at a moderate rate in the next few years. Increasing number of coffee chains in the region is expected to support growth of the Asia Pacific espresso coffee market.


Below are the active patents related to Espresso Coffee Market.


Patent Number: EP2517566A2

Coffee composition

Abstract

The present invention provides a coffee composition comprising grains of coated coffee grounds, wherein a coating of a coating composition is formed on at least some of the surface of the coffee grounds.

Application filed Date: 2010-03-26

Application granted: 2016-05-25

Current Assignee: Kraft Foods Global Brands LLC

Patent Number: US8850959B2

Espresso coffee machine

Abstract

Systems and methods for an improved espresso coffee machine are described. In one aspect, the improved espresso coffee machine includes one or more operating units, each of which at least includes a boiler, a pump, a heating unit, and a unit for aroma extraction and dispensing of the espresso coffee brew, including related conduits. Each unit is equipped with a system for controlling and adjusting the espresso coffee brewing parameters.

Application filed Date: 2010-04-07

Application granted Date: 2014-10-07

Current Assignee: Marzocco SRL

Global Espresso Coffee Market Segmentation:

Segmentation by bean types:

  
Coffee Arabica
  
Coffee Robusta
  
Blended Coffee
  
Others (Brazilian coffee, Wild coffee)

Segmentation by beverage type:

  
Regular espresso
  
Double espresso
  
short & long macchiato
  
Ristretto

Segmentation by application:

  
Household
  
Commercial

Segmentation by distribution channel:

  
Retail stores
  
Department store
  
Supermarket
  
Hypermarket
  
Specialty store
  
E-commerce


Key Market Players included in the report:


  
ARCO COFFEE COMPANY
  
Barista Coffee Company Limited
  
Cafe Coffee Day
  
Caribou Coffee Operating Company Inc.
  
Coffee Beanery
  
Costa
  
Gloria Jeans Gourmet Coffees
  
IllycaffE S.p.A.
  
JACOBS DOUWE EGBERTS PRO
  
Keurig Dr Pepper Inc.
  
La Prima Espresso Company
  
LavAzza, Nestle
  
LUIGI LAVAZZA SPA
  
Massimo Zanetti Beverage Group
  
McDonalds
  
NestlE
  
Peets Coffee
  
procaffE SpA
  
Starbucks Coffee Company
  
tarbucks Corporation
  
The J.M. Smucker Company
  
Tullys Coffee
  
Zino Davidoff


Below are the key development related to Espresso Coffee Market in 2020 and 2021.


April 2021: Asahi enters $1 billion coffee market with acquisition of Allpress Espresso. Asahi Beverages has made a move into the $1 billion fresh coffee market with the purchase of premium fresh coffee business, Allpress Espresso. Source

March 2021: De’Longhi to fully acquire coffee machine manufacturer Eversys. De’Longhi has agreed a deal to take full control of coffee machine manufacturer Eversys, acquiring the remaining 60% stake in the company for approximately CHF 110 million ($118.4 million). De’Longhi initially purchased a 40% minority stake in Eversys in 2017, but has now opted to fully acquire the coffee machine manufacturer. When taking the initial purchase into consideration, the total enterprise value of the complete acquisition is approximately CHF 150 million ($161.4 million). Source

October 2020: Breville Acquires US Grinder Maker Baratza for $60 million. Australian multinational small appliance seller Breville Group has acquired United States-born grinder maker Baratza for $60 million USD, including $43 million in cash and $17 million worth of Breville shares. Baratza Co-Founders Kyra Kennedy and Kyle Anderson, who founded Baratza 21 years ago while splitting the business between the Seattle area and the Bay Area with manufacturing in Taiwan. Source