The specialty coffee industry is on a robust growth trajectory, expected to exceed USD 35 billion by 2028, with a projected CAGR of 8.3% during 2023-2028. This expansion is fuelled by several influential factors, including:
- Evolving Coffee Culture: A noticeable shift towards artisanal and ethically sourced coffee, driving the demand for specialty coffee among a diverse range of consumers.
- Sustainable and Direct Trade Practices: Heightened awareness and support for sustainable farming practices and fair-trade agreements, fostering ethical sourcing and production methods within the specialty coffee sector.
- Rise of Third-Wave Coffee: The emergence of a culture that emphasises the artisanal craft, exceptional quality, and unique flavour profiles of coffee, leading to an increased demand for premium and distinctive coffee experiences.
Key categories include:
- Equipment and Accessories
- Coffee Beans and Products
- Brewing and Grinding Tools
- Flavourings and Additives
- Milk Alternatives