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Coffee, Tea, and Bartending Products Market Share
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
How much of the North American market share does the U.S. hold in the coffee, tea, and bartending products market?
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.
How much is the offline distribution channel segment worth in the coffee, tea, and bartending products industry?
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.
How big is the global coffee, tea, and bartending products market?
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.
Who are the major players in the coffee, tea, and bartending products industry?
Major players in the industry include Associated British Foods, Bacardi, Beam Suntory, Brown-Forman, Diageo, Hain Celestial, Illy, Ito En, and JAB Holding.