China has overtaken the US as the largest branded coffee shop market in the world by outlets, according to a report by World Coffee Portal released on Tuesday. The rapid growth in the Chinese market amid rising consumption presents a massive opportunity for domestic and foreign coffee brands, analysts said.
The value of the United States coffee shop market grew 8% to $49.5 billion over the past year, resulting in a 4% increase in the market's pre-pandemic value
Nearly half of the 40 European countries identified in the latest Allegra World Coffee Portal market report saw a decline in the number of coffee shops over the past year due to COVID-19. The year also saw dramatic slumps in coffee shop sales throughout Europe, by about 30%.
Major chains such as Costa Coffee, McCafé and Starbucks proved most resilient to the pandemic, with each reporting moderate growth in the total number of coffee shops. With more than 8,700 shops, those three chains now comprise about 22% of the total European coffee market, while 20 of Europe’s largest chains now control 48% of the total European coffee market.
US: Branded Coffee Market Loses $11.5 Billion in Sales Due to COVID19 Published January 13th, 2021 - 11:00 GMT
Covid-19 store closures have compelled many major US coffee chains, including Starbucks, Dunkin’ and Peet’s Coffee, as well as boutique operators, such as Bluestone Lane and Intelligentsia, to dramatically accelerate the roll-out of digital tools, including mobile ordering, curbside pick-up, delivery and e-commerce platforms for retail coffee. (Shutterstock)
The $36-billion US branded coffee shop market suffered a 24% decline ($11.5 billion) in sales over the last 12 months predominantly due to Covid-19 disruption, with the total number of outlets contracting 0.6% to 37,189, a report said.
Combined, the two market leaders, Starbucks and Dunkin’ control 66% of the total US branded coffee shop market, according to Project Café USA 2021, World Coffee Portal’s industry-leading report on the US branded café segment.
US branded coffee market falls 24% in 12 months
WASHINGTON, January 12, 2021 The $36-billion US branded coffee shop market suffered a 24% decline ($11.5 billion) in sales over the last 12 months predominantly due to Covid-19 disruption, with the total number of outlets contracting 0.6% to 37,189, a report said. Combined, the two market leaders, Starbucks and Dunkin’ control 66% of the total US branded coffee shop market, according to Project Café USA 2021, World Coffee Portal’s industry-leading report on the US branded café segment. Despite severe market turbulence, the US remains a source of innovation for the global coffee industry, with operators rapidly adapting to Covid-19 trading pressures with drive-thru, digital integration and new trading formats.