Global Espresso Coffee Market Expected to Soar to a Value of USD 22.8 Billion by 2034

The world of espresso coffee continues to thrive, with the global market projected to reach a value of USD 22.8 billion by 2034. Here's a snapshot of the current landscape and the factors driving its growth.

In 2024, the Espresso Coffee Market was dominated by the By Roast segment, with Medium roast holding a commanding share. This preference for a balanced flavour and body is evident among most espresso drinkers. The By Beans segment also saw Arabica beans leading the way, accounting for 34.1% of the market, due to their smooth flavour and lower bitterness levels.

The By Type segment was led by Pure Espresso, reflecting a growing preference for bold, concentrated coffee experiences. Classic flavour dominated the By Flavour segment, showing consumer loyalty towards traditional espresso taste and aroma, with 41.2% market share.

The market is diverse, with leading companies such as Nestlé (Nespresso), JDE Peet's (Jacobs, L'OR), Lavazza, Illy, and Starbucks holding significant shares. These brands, along with numerous others, are driving innovation in the market, offering everything from traditional espresso blends to innovative, plant-based coffee creamers.

Retail accessibility is another key factor in the market's success. Supermarkets and hypermarkets hold a 46.1% share, making espresso coffee products widely available. This trend is further reinforced by the increasing number of offices equipping their break areas with espresso machines, aiming to boost employee energy and satisfaction.

The market is also experiencing rapid growth in the Asia Pacific region, particularly in China and Japan. Europe, with its deep-rooted espresso culture, maintains a strong position in the market.

Cafes and Restaurants account for 58.2% of the By End-Use segment, underscoring the importance of these establishments in the espresso coffee experience. However, espresso coffee is also widely consumed at home with single-serve machines or capsule systems, providing convenience for busy consumers.

Espresso forms the base for many popular café drinks like cappuccino, latte, and macchiato. Brands are also using espresso in bottled or canned RTD (Ready-to-Drink) coffee drinks, catering to consumers on the move.

Sustainability is a growing concern in the industry. Companies like Caffè d'Italia Srl are launching eco-friendly packaging initiatives, using 100% compostable coffee pods. This commitment to sustainability is likely to shape the future of the espresso coffee market.

In conclusion, the Espresso Coffee Market is a dynamic and evolving landscape, driven by consumer preferences, innovation, and a growing commitment to sustainability. Whether enjoyed in a café, at home, or on the go, the love for espresso coffee shows no signs of waning.

Global Espresso Coffee Market Expected to Soar to a Value of USD 22.8 Billion by 2034