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Specialty Coffee Shops Market by Type, Distribution Channel, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 154
  • SKU: IRTNTR40972
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The specialty coffee shops market is estimated to grow at a CAGR of 7.43% between 2022 and 2027. The size of the market is forecast to increase by USD 39.17 billion.The growth of the market depends on serval factors, including the increased consumption of coffee,growing number of specialty coffee shops globally and rapid urbanization and changing consumer lifestyles.

This report extensively covers market segmentation by type (independent coffee shops and chain coffee shops), distribution channel (offline and online),  and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Specialty Coffee Shops Market be During the Forecast Period?

Specialty Coffee Shops Market Size

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Parent Market Analysis

Technavio categorizes the global specialty coffee shops market as a part of the global hotels, restaurants, and leisure market. The parent market, the global hotels, restaurants, and leisure market, covers companies engaged in operating hotels, resorts, and cruise ships, including travel agencies, tour operators, and related services. Technavio calculates the global hotels, restaurants, and leisure market size based on combined revenue generated by companies of casinos and gaming, hotels, resorts, cruise lines, leisure facilities, and restaurants. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Specialty Coffee Shops Market: Key Drivers, Trends, Challenges, and Customer Landscape

The Increasing consumption of coffee is notably driving the specialty coffee shops market growth, although factors such as fluctuating prices of coffee beans may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Specialty Coffee Shops Market Driver 

The increasing consumption of coffee will drive the specialty coffee shops market growth during the forecast period. The growing popularity and the easy availability of coffee are expected to increase its demand during the forecast period. For instance, the demand for coffee pods has been increasing at a significant rate in the US owing to the ease and convenience of brewing coffee at home. This has resulted in an increased preference for coffee. Factors such as the high demand for instant coffee is a major factor that is driving the growth of the market in the UK. The increasing demand for specialty coffee varieties has resulted in an increased growth opportunity for the vendors in the market. As a result, vendors are focusing on product diversification, the introduction of new flavors, and brand extensions to increase earnings. The consumption of coffee in developing countries such as China, India, and Brazil has also been increasing at a significant rate. Hence, the increasing consumption of coffee worldwide is expected to drive the demand for specialty coffee shops during the forecast period.

Key Specialty Coffee Shops Market Trend

The increasing popularity of coffee among Millennials is a key trend in the specialty coffee shops market growth. Millennials tend to spend more on premium beverage brands than the rest of the population. They are also keen to experiment with new drink types, brands, and flavors. Manufacturers, therefore, strive to understand the tastes and preferences of Millennials and target many offerings for this generation. Millennials also tend to socialize more, especially in coffee shops. This has led to a spurt in the number of coffee shops, which has further strengthened the global specialty coffee shops market. In addition, specialty coffee shops provide various facilities to attract customers. For instance, specialty coffee shops provide Wi-Fi and air-conditioning, which could help in driving sales. These factors are expected to increase the popularity of coffee as well as specialty coffee shops globally during the forecast period.

Key Specialty Coffee Shops Market Challenge

The fluctuating prices of coffee beans are will impede the specialty coffee shops market growth during the forecast period. Various factors, such as disparity in the demand for and supply of coffee beans, decreased production of coffee beans, unfavorable weather conditions, and rising labor costs, are leading to volatility in coffee bean prices. The growing disparity in the supply of and demand for coffee beans and the increase in the price of raw materials not only increase the cost but also reduce manufacturers' profit margins. Furthermore, increasing competition in the market between the vendors is resulting in them operating on low-profit margins despite the increasing costs of raw materials. This factor, along with the need to remain competitive in the market, influences manufacturers to experiment with low-cost substitutes such as low-grade coffee beans and instant coffee powder. In addition, suppliers of raw materials can price their products at competitive and different price points. As a result, the fluctuating prices of coffee beans are expected to limit the growth of the global specialty coffee shops market during the forecast period.

Key Specialty Coffee Shops Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Specialty Coffee Shops Market Share by Geography

Global Specialty Coffee Shops Market Customer Landscape

 

Who are the Major Specialty Coffee Shops Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

brewberrys.com - The company operates a chain of coffee bars offering cafe franchises, including specialty coffee shops to gain a big share of the ever-growing coffee consumption market.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Barista Coffee Co. Ltd.
  • BLUE BOTTLE COFFEE Inc.
  • Brew Berrys Hospitality Pvt Ltd.
  • Caffe Nero Group Ltd.
  • Caribou Coffee Operating Co. Inc.
  • Coffee Beanery
  • Coffee Day Enterprises Ltd.
  • Costa Ltd.
  • Doutor Coffee Co. Ltd.
  • Ediya Co. Ltd.
  • Gloria Jeans Coffees International Pty Ltd.
  • Grupo Herdez SAB de CV
  • Inspire Brands Inc.
  • Keurig Green Mountain Inc.
  • La Colombe Torrefaction Inc.
  • Luckin Coffee Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Specialty Coffee Shops Market?

The market share growth by the independent coffee shops segment will be significant during the forecast period. An independent coffee shop is a coffee shop that operates in less than five locations. The global independent specialty coffee shops segment is expected to witness steady growth during the forecast period. The growth of the segment is expected to result primarily from a growth in the number of gourmet coffee shops globally.

Specialty Coffee Shops Market Size

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The independent coffee shops segment showed a gradual increase in market share from USD 41.95 billion in 2017 and continued to grow by 2021. The growing popularity of gourmet and specialty coffee shops among the urban population is resulting in vendors expanding their business operations to cater to the population in developed countries. Independent coffee shops find it difficult to compete with major multinational brands that are expanding aggressively. The strong threat from chain coffee shops is expected to limit the growth of the segment significantly during the forecast period. As a result, the independent coffee shops segment is expected to witness an accelerating growth momentum in the global specialty coffee shops market during the forecast period.

 

Which are the Key Regions for the Specialty Coffee Shops Market?

Specialty Coffee Shops Market Share by Geography

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North America is projected to account for 32% of the market's growth by 2027. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Specialty coffee shops offer the option to customize coffee or other beverages as per customers' preferences. Vendors are also coming up with food bowls that allow customers the choice of eating a meal either with one food ingredient at a time or combining all the ingredients together. The hectic lifestyle of the working population and students is also contributing to the growth of the market in the region. The limited time available to prepare food and beverages at home is resulting in the population opting for specialty coffee shops for coffee and breakfast on a daily basis. These factors are expected to drive the growth of the specialty coffee shops market in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by type, product, distribution channel, and region.

  • Type Outlook ( USD Billion, 2017 - 2027)
    • Independent coffee shops
    • Chain coffee shops
  • Distribution Channel Outlook ( USD Billion, 2017 - 2027)
    • Offline 
    • Online 
  • Region Outlook ( USD Billion, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Argentina
      • Chile 
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Specialty Coffee Shops Market Scope

Report Coverage

Details

Page number

154

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.43%

Market growth 2023-2027

$ 39.17 billion

Market structure

Fragmented

YoY growth (%)

7.08

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 32%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Barista Coffee Co. Ltd., BLUE BOTTLE COFFEE Inc., Brew Berrys Hospitality Pvt Ltd., Caffe Nero Group Ltd., Caribou Coffee Operating Co. Inc., Coffee Beanery, Coffee Day Enterprises Ltd., Costa Ltd., Doutor Coffee Co. Ltd., Ediya Co. Ltd., Gloria Jeans Coffees International Pty Ltd., Grupo Herdez SAB de CV, Inspire Brands Inc., Keurig Green Mountain Inc., La Colombe Torrefaction Inc., Luckin Coffee Inc., McDonald Corp., MTY Food Group Inc, Restaurant Brands International Inc., and Starbucks Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Specialty Coffee Shops Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the specialty coffee shops market  size and its contribution of the market in focus to the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the market industry across North America, Europe, APAC, South America, and Middle East and Africa.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of factors that will challenge the growth of specialty coffee shops market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global specialty coffee shops market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global specialty coffee shops market 2017 - 2021 ($ billion)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)
    • 4.4 Distribution Channel Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 Independent coffee shops - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Independent coffee shops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Data Table on Independent coffee shops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 36: Chart on Independent coffee shops - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Independent coffee shops - Year-over-year growth 2022-2027 (%)
    • 6.4 Chain coffee shops - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Chain coffee shops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Data Table on Chain coffee shops - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 40: Chart on Chain coffee shops - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Chain coffee shops - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Type
      • Exhibit 42: Market opportunity by Type ($ billion)

    7 Market Segmentation by Distribution Channel

    • 7.1 Market segments
      • Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)
    • 7.2 Comparison by Distribution Channel
      • Exhibit 45: Chart on Comparison by Distribution Channel
      • Exhibit 46: Data Table on Comparison by Distribution Channel
    • 7.3 Offline - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)
    • 7.4 Online - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Distribution Channel
      • Exhibit 55: Market opportunity by Distribution Channel ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Germany - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Barista Coffee Co. Ltd.
              • Exhibit 108: Barista Coffee Co. Ltd. - Overview
              • Exhibit 109: Barista Coffee Co. Ltd. - Product / Service
              • Exhibit 110: Barista Coffee Co. Ltd. - Key offerings
            • 12.4 Brew Berrys Hospitality Pvt Ltd.
              • Exhibit 111: Brew Berrys Hospitality Pvt Ltd. - Overview
              • Exhibit 112: Brew Berrys Hospitality Pvt Ltd. - Product / Service
              • Exhibit 113: Brew Berrys Hospitality Pvt Ltd. - Key offerings
            • 12.5 Caffe Nero Group Ltd.
              • Exhibit 114: Caffe Nero Group Ltd. - Overview
              • Exhibit 115: Caffe Nero Group Ltd. - Product / Service
              • Exhibit 116: Caffe Nero Group Ltd. - Key offerings
            • 12.6 Coffee Beanery
              • Exhibit 117: Coffee Beanery - Overview
              • Exhibit 118: Coffee Beanery - Product / Service
              • Exhibit 119: Coffee Beanery - Key offerings
            • 12.7 Coffee Day Enterprises Ltd.
              • Exhibit 120: Coffee Day Enterprises Ltd. - Overview
              • Exhibit 121: Coffee Day Enterprises Ltd. - Product / Service
              • Exhibit 122: Coffee Day Enterprises Ltd. - Key offerings
            • 12.8 Costa Ltd.
              • Exhibit 123: Costa Ltd. - Overview
              • Exhibit 124: Costa Ltd. - Product / Service
              • Exhibit 125: Costa Ltd. - Key offerings
            • 12.9 Doutor Coffee Co. Ltd.
              • Exhibit 126: Doutor Coffee Co. Ltd. - Overview
              • Exhibit 127: Doutor Coffee Co. Ltd. - Product / Service
              • Exhibit 128: Doutor Coffee Co. Ltd. - Key offerings
            • 12.10 Ediya Co. Ltd.
              • Exhibit 129: Ediya Co. Ltd. - Overview
              • Exhibit 130: Ediya Co. Ltd. - Product / Service
              • Exhibit 131: Ediya Co. Ltd. - Key offerings
            • 12.11 Gloria Jeans Coffees International Pty Ltd.
              • Exhibit 132: Gloria Jeans Coffees International Pty Ltd. - Overview
              • Exhibit 133: Gloria Jeans Coffees International Pty Ltd. - Product / Service
              • Exhibit 134: Gloria Jeans Coffees International Pty Ltd. - Key offerings
            • 12.12 Inspire Brands Inc.
              • Exhibit 135: Inspire Brands Inc. - Overview
              • Exhibit 136: Inspire Brands Inc. - Product / Service
              • Exhibit 137: Inspire Brands Inc. - Key offerings
            • 12.13 Keurig Green Mountain Inc.
              • Exhibit 138: Keurig Green Mountain Inc. - Overview
              • Exhibit 139: Keurig Green Mountain Inc. - Product / Service
              • Exhibit 140: Keurig Green Mountain Inc. - Key offerings
            • 12.14 McDonald Corp.
              • Exhibit 141: McDonald Corp. - Overview
              • Exhibit 142: McDonald Corp. - Business segments
              • Exhibit 143: McDonald Corp. - Key news
              • Exhibit 144: McDonald Corp. - Key offerings
              • Exhibit 145: McDonald Corp. - Segment focus
            • 12.15 MTY Food Group Inc
              • Exhibit 146: MTY Food Group Inc - Overview
              • Exhibit 147: MTY Food Group Inc - Business segments
              • Exhibit 148: MTY Food Group Inc - Key offerings
              • Exhibit 149: MTY Food Group Inc - Segment focus
            • 12.16 Restaurant Brands International Inc.
              • Exhibit 150: Restaurant Brands International Inc. - Overview
              • Exhibit 151: Restaurant Brands International Inc. - Business segments
              • Exhibit 152: Restaurant Brands International Inc. - Key news
              • Exhibit 153: Restaurant Brands International Inc. - Key offerings
              • Exhibit 154: Restaurant Brands International Inc. - Segment focus
            • 12.17 Starbucks Co.
              • Exhibit 155: Starbucks Co. - Overview
              • Exhibit 156: Starbucks Co. - Business segments
              • Exhibit 157: Starbucks Co. - Key news
              • Exhibit 158: Starbucks Co. - Key offerings
              • Exhibit 159: Starbucks Co. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 160: Inclusions checklist
                • Exhibit 161: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 162: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 163: Research methodology
                • Exhibit 164: Validation techniques employed for market sizing
                • Exhibit 165: Information sources
              • 13.5 List of abbreviations
                • Exhibit 166: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Specialty Coffee Shops market growth will increase by $39.17 billion during 2023-2027.
              The specialty coffee shops market is expected to grow at a CAGR of 7.43% during 2023-2027.
              Technavio has segmented the specialty coffee shops market by type (Independent coffee shops and Chain coffee shops) ,distribution channel (Offline, Online, APAC, Middle East and Africa, and South America) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              Barista Coffee Co. Ltd., BLUE BOTTLE COFFEE Inc., Brew Berrys Hospitality Pvt Ltd., Caffe Nero Group Ltd., Caribou Coffee Operating Co. Inc., Coffee Beanery, Coffee Day Enterprises Ltd., Costa Ltd., Doutor Coffee Co. Ltd., Ediya Co. Ltd., Gloria Jeans Coffees International Pty Ltd., Grupo Herdez SAB de CV, Inspire Brands Inc., Keurig Green Mountain Inc., La Colombe Torrefaction Inc., Luckin Coffee Inc., McDonald Corp., MTY Food Group Inc, Restaurant Brands International Inc., Starbucks Co. are a few of the key vendors in the specialty coffee shops market.
              North America will register the highest growth rate of 31.58% among the other regions. Therefore, the specialty coffee shops market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the specialty coffee shops market growth are:
              • Increasing consumption of coffee
              • Increasing popularity of coffee among millennials
              The specialty coffee shops market vendors should focus on grabbing business opportunities from the independent coffee shops segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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