According to the latest market research report released by Technavio, the global specialty coffee shops market is expected to accelerate at a CAGR of over 10% during the forecast period. The rising consumption of coffee is one of the key factors triggering the growth of the market.
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According to the latest market research report released by Technavio, the global specialty coffee shops market is expected to accelerate at a CAGR of over 10% until 2021. (Graphic: Business Wire)
This research report titled 'Global Specialty Coffee Shops Market 2017-2021' provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global specialty coffee shops market into the following products:
- Beverages
- Food
In 2016, the beverages segment accounted for 61% of the global market and is projected to decline to 60% by 2021, exhibiting almost 1% decrease in market share.
Global specialty coffee shops market: Top emerging trend
Increased urbanization globally has led to improved living standards and higher disposable incomes. On the other hand, urban living has resulted in deteriorating health conditions and lifestyle disorders owing to unhealthy eating habits. Thus, consumers in urban regions are increasingly looking for premium and healthier alternatives. In the US, the consumption of gourmet and specialty coffee beverages is on the rise. Manufacturers and retailers are increasing the awareness about organic beverages among consumers to gain market share. Product offerings such as organic coffee, shade-grown coffee, and fair-traded coffee products will attract consumers with interests in sustainability and ethical issues.
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Technavio's sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio's report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Specialty Coffee Shops Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by products (beverages and food)
- Market segmentation by shop type (independent and chain)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Dunkin' Brands Group, McDonald's, Restaurant Brands International, Starbucks, and Whitbread)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180907005511/en/
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