The Europe Specialty Coffee Market size was valued at USD 18,272 Million in 2021 and is projected to reach USD 42,986.81 Million by 2028, growing at a CAGR of 13% from 2022 to 2028.
Specialty coffee is defined as coffee that receives an assessment of 80 points or more on a scale of 100 points from a Certified Coffee Tester (SCAA) or a Certified Q Grader (CQI). Specialty coffees are superior to other varieties of coffee because they are grown at the right height, at the best time of year, on the best soil, and are then picked at the ideal moment. All of this combined to produce one of the most fascinating and delicious coffees in the world. The term "specialty coffee" was originally used in the 1970s in the Coffee and Tea Trade Journal, just a few years before the first Starbucks store opened.
Coffee has changed from being a contemporary convenience to becoming a consumer experience, thanks to establishments like Starbucks and Peet's. Since then, advancements in cultivation, roasting, and brewing technology as well as the expanding market for premium coffee have made specialty coffees available to coffee drinkers all around the world. While consumption is projected to stabilize over the next few years, Europe will still be a desirable market for coffee.
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The Major Players in The Global Europe Specialty Coffee Market:
Market has segmented the Global Europe Specialty Coffee Market on the basis of Product type, application, and region:
By Product Type
By Application
By Regional Outlook (Revenue, USD Billion, 2022 – 2028)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has significantly impacted restaurants, coffee shops, and other out-of-home businesses. For instance, during March and April 2020, coffee consumption in restaurants and coffee shops declined by about 76% in Germany, whilst during the same period, it is thought that 92% of coffee shops in the United Kingdom had to temporarily close. In recent years, the specialty segment's growth has primarily been led by these venues. Although the specialty market has been severely affected, it is anticipated that demand for high-quality coffees would stay steady over the long term in all of the European markets, outlasting the crisis. Therefore, after the harsh COVID-19-related limitations are relaxed, demand for specialty coffees will probably rise once more.
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Table of Content:
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Grade
3.2 By Product Type
3.3 By Application
3.4 By Distribution Channel
To be continued…….
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