(Entertainment-NewsWire.com, July 26, 2024 ) As per Maximize Market research, the Coffee Shop Market size was valued at USD 212.97 Bn. in 2023 and the total revenue is expected to grow at 3.5% through 2024 to 2030, reaching nearly USD 270.95 percent during the forecast period.
The coffee shop market is thriving, driven by high global demand and significant revenue generation, particularly in the U.S. the largest importer and consumer of coffee. Specialty cafes offering premium, exotic coffee experiences are gaining popularity in urban areas, appealing to customers seeking quality and ambiance. The rise of remote work has also fuelled the growth of cafes providing free internet and conducive environments for work, serving as alternatives to co-working spaces.
North America leads the coffee shop market with a size of USD 36 billion, dominated by the US which hosts 37,189 coffee shops and is the largest coffee importer. Europe, the fastest-growing market with a 2.9% CAGR, is set to reach 45,400 branded coffee shops and is the top importer of green coffee. China is an emerging market with a high growth rate and is expected to reach 47.9 billion Yuan by 2023.
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Coffee Capsule Market size was valued at 6.34 Bn. in 2023 and the total coffee capsule Market revenue is expected to grow by 7.6% from 2024 to 2030, reaching nearly USD 10.60 Bn.
Decaffeinated Coffee Market has experienced significant growth driven by the increasing digitization of content across industries. The global Decaffeinated Coffee Market was valued at $8.16 billion in 2023 and is projected to reach $13.28 billion by 2030, growing at a CAGR of 7.2% during the forecast period.
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