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The North America Specialty Coffee Market size was valued at USD 13,528.37 Million in 2021 and is projected to reach USD 26,700.34 Million by 2028, growing at a CAGR of 10.2% from 2022 to 2028.
North America's Specialty Coffee Market The term specialty coffee used refers to a coffee that has been rated 80 or more points by a Certified Coffee Examiner (SCAA) or Certified Q Grader (CQI) on a score of 80 or more Specialty coffee is the ultimate, different coffee others because specialty coffee grows at the right height, the right time of year Everything became one of the most interesting and delicious coffees in the world. The term "specialty coffee" was first used in coffee and tea trade magazines in the 1970s, a few years after the first Starbucks store opened. Thanks to stores like Starbucks and Peet’s, coffee has become a modern convenience consumer experience. Since then, advances in agriculture, coffee roasting and brewing and increased demand for premium coffee have put specialty coffee in the hands of coffee lovers around the world.
Key Players Covered In North America Specialty Coffee Market:
· Caribou Coffee Company
· Blue Bottle
· Starbucks Corporation
· Bulletproof
· Costa Coffee
· Dunkin' Donuts LLC
· Eight O’Clock Coffee
· Don Francisco’s Coffee
· Caffè Nero Group Ltd.
· JAB Holding Company
· Luigi Lavazza S.p.A.
· Strauss Group Ltd.
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Market Dynamics:
Drivers:
Increased demand for coffee due to the popularity of coffee and increased availability helps the market growth. The specialty coffee market is currently experiencing high growth in North America due to its socio-economic status. Due to the busy and stressful lifestyle of people, the demand for instant coffee has increased in this area.
Restraints:
Climate change affects the harvesting time of different varieties and monocotyledons. As a result, bakers and cafe owners are forced to customize their seasonal offerings. The buyers of these species will also need to change. These changes also make the prices of particular species volatile and unpredictable.
Opportunity:
Coffee experts have long held the view that the best and highest quality coffee comes from single root beans. It's been that way in specialty stores and big coffee shops for years. Recently, rice hybrids of different origins have begun to dominate. In the past, blending different coffees was a way to improve flavor and cut costs.
Market Segments:
By Grade:
· 80-84.99
· 85-89.99
· 90-100
By Product Type:
· Instant Coffee
· Ground Coffee
· Whole Beans
· Single-Cup
· Blends
By Application:
· Home
· Commercial
By Distribution Channel:
· Food Service
· Specialty Stores
· Supermarkets & Hypermarkets
· Retail
· Online Stores
By Region:
· North America (U.S., Canada, Mexico) .
Regional Insights:
The United States is the largest market for primary coffee in North America. Market expansion in this region will be faster than in Europe and Latin America. In the U.S. a larger segment of consumers, especially millennials, are looking for personalization. Thus, customers can customize coffee and other beverages in a particular cafe. During the forecast period, this will help to expand the specialty coffee market in the US. in the 19th century.
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