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Coffee, Tea, and Bartending Products Market Share

Report ID: GMI12064
Published Date: Oct 2024
Report Format: PDF

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Coffee, Tea, and Bartending Products Market Share

Coffee, Tea, and Bartending Products Market Company Share Analysis, (2023)

The market for coffee, tea, and bartending products is fragmented, with many regional companies operating globally. Together these companies hold a market share of 1%-5% of the total market. To meet diverse consumer tastes, many companies are expanding their product lines. Recognizing the demand for eco-friendly options, companies are adopting sustainable practices by using recycled or biodegradable materials in manufacturing and packaging. As online retail becomes more important, businesses are using e-commerce platforms and digital marketing to reach a wider audience. To strengthen their market presence, companies often partner with local distributors, specialty retailers, and café chains.

Coffee, Tea, and Bartending Products Market Companies

Major players operating in the coffee, tea, and bartending products industry are:

Associated British Foods
Bacardi
Beam Suntory
Brown-Forman
Diageo
Hain Celestial
Illy
Ito En
JAB Holding
Lavazza
Nestlé
Pernod Ricard
Starbucks
Tata Consumer Products
Unilever

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market size for coffee, tea, and bartending products was valued at approximately USD 2.4 trillion in 2023 and is expected to reach around USD 3.85 trillion by 2032, driven by a CAGR of 5.4% from 2024 to 2032.

The offline segment accounted for 65.7% of the total market share in 2023 and is expected to grow at a CAGR of 5.3% over the forecast years, driven by consumers' preference to physically interact with products before purchasing.

The U.S. held an 80.1% share of the total North American market in 2023 and is expected to grow at a CAGR of 5.3% during the forecast period, driven by changing consumer preferences for premium, artisanal, and health-focused beverages.

Major players in the industry include Associated British Foods, Bacardi, Beam Suntory, Brown-Forman, Diageo, Hain Celestial, Illy, Ito En, and JAB Holding.