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India Coffee Market 2024
The India coffee market is on track for substantial growth, expected to escalate from USD 1,977.0 million in 2023 to USD 3,540.8 million by 2029, corresponding to an impressive CAGR of 10.2% during the forecast period. India’s coffee market is on the rise, propelled by an increasing preference for coffee over traditional tea among younge…
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Beverages
Hong Kong Coffee Market 2024
The Hong Kong coffee market is on track for incremental growth of USD 110.9 million, corresponding to a compound annual growth rate (CAGR) of nearly 3.2% throughout the forecast period of 2024 to 2029. In Hong Kong, the coffee market is characterized by a sophisticated consumer base that favors premium and specialty coffee. The rapid…
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Beverages
China Coffee Market 2024
The China coffee market is projected to show slight growth, anticipated to rise from USD 2,196.7 million in 2023 to USD 2,444.9 million by 2029, reflecting a compound annual growth rate (CAGR) of 1.8% during the period from 2024 to 2029. China’s coffee market is expanding rapidly, driven by a burgeoning middle class and a shif…
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Beverages
Cambodia Coffee Market 2024
Forecasts highlight a favorable growth outlook for the Cambodia coffee market, with a projected increase of USD 21.7 million and a compound annual growth rate (CAGR) close to 5.8% through 2029. Cambodia’s coffee market is experiencing growth as consumers become more open to coffee as a daily beverage. The expansion of café chains and increa…
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Beverages
Bangladesh Coffee Market 2024
The Bangladesh coffee market is on track for a substantial increase of USD 28.2 million, indicating a compound annual growth rate (CAGR) of roughly 7.4% during the forecast period from 2024 to 2029. In Bangladesh, the coffee market is gaining traction, particularly among younger consumers seeking alternatives to traditional tea. Growing urban centers and increa…
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Beverages
Azerbaijan Coffee Market 2024
Insights reveal that the Azerbaijan coffee market is set for a healthy expansion, with an anticipated growth of USD 48.5 million, corresponding to a compound annual growth rate (CAGR) of nearly 7.1% from 2024 to 2029. Azerbaijan’s coffee market is evolving, with increasing urbanization and a young population driving demand for coffee products. The popula…
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Beverages
Global Coffee Market 2024
The global coffee market is poised for gradual expansion, anticipated to grow by USD 55.4 billion with a compound annual growth rate (CAGR) of around 4.7% throughout the 2024 to 2029 forecast period. Globally, the coffee market is buoyed by increasing consumption driven by changing lifestyles and a growing café culture. The rising trend of cof…
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Beverages
North America Coffee Market 2024
The outlook for the North America coffee market indicates a modest growth of USD 7.1 billion, with an expected compound annual growth rate (CAGR) of approximately 3.4% over the next five years. North America’s coffee market is characterized by strong demand for specialty coffee and convenience. Consumers increasingly favor single-serve formats and ready-to-drink options, drivin…
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Beverages
Latin America Coffee Market 2024
Anticipated trends indicate that the Latin America coffee market will achieve incremental growth of USD 14.7 billion, translating to a compound annual growth rate (CAGR) of around 6.9% during the forecast period of 2024 to 2029. In Latin America, the coffee market is primarily driven by local consumption, with many countries having a rich coffee…
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Beverages
Asia Pacific Coffee Market 2024
The Asia Pacific coffee market is poised for steady growth, with an expected increase of USD 10.1 billion, reflecting a compound annual growth rate (CAGR) of approximately 5.5% from 2024 to 2029. Asia Pacific’s coffee market is experiencing rapid growth, propelled by changing lifestyles and a burgeoning middle class with an affinity for café-style coffee…
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Beverages
Europe Coffee Market 2024
Projected growth in the Europe coffee market includes an incremental increase of USD 12.4 billion, with a compound annual growth rate (CAGR) of nearly 3% through 2029. In Europe, the coffee market remains strong, supported by a deeply ingrained coffee culture and a growing trend towards premiumization. Increasing consumer preference for specialty coffee and conven…
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Beverages
Middle East and Africa Coffee Market 2024
The market for coffee is set for moderate growth, with projections indicating an increase of USD 11.0 billion and a compound annual growth rate (CAGR) nearing 7.3% over the forecast period. The coffee market in the Middle East and Africa is witnessing robust growth, fueled by an evolving café culture and increasing urbanization. Rising dispos…