Share this article
Share this article
ResearchAndMarkets.com s offering.
The global out-of-home coffee market is expected to reach US$29.55 billion in 2024, witnessing growth at a CAGR of 4.94%, over the period 2020-2024. Growth in the out-of-home coffee market has accrued due to the accelerating coffee consumption, increasing number of the working-age population, the growing presence of coffee houses, rising disposable income and growing urbanization. The market is anticipated to experience certain trends like surging food & beverage e-commerce retail sales, increasing preference for instant coffee, technological advancements. The growth of the market would be challenged by fluctuation in coffee prices, unstable climate conditions and harmful side effects.