The Kopi Luwak Coffee Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Kopi Luwak Coffee Global Market Report 2024, The kopi luwak coffee market size has grown strongly in recent years. It will grow from $7.39 billion in 2023 to $7.84 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to exclusivity and rarity, consumer perception and luxury appeal, cultural and artisanal heritage, marketing and branding efforts, globalization and increased demand.
The kopi luwak coffee market size is expected to see strong growth in the next few years. It will grow to $9.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to continued exclusivity and rarity, evolution of consumer preferences, innovative marketing strategies, global market expansion, environmental and social responsibility. Major trends in the forecast period include technological advancements in production, sustainable and ethical sourcing, demand for specialty coffee, e-commerce and direct-to-consumer sales, increased awareness and education.
Increasing tourism in Indonesia is expected to propel the growth of kopi luwak coffee market going forward. Tourism is the activity of traveling to different destinations outside of one’s usual environment for leisure, business, or other purposes. Kopi luwak coffee is an Indonesia originated coffee which is the important part of Indonesian tourism as it attracts a lot of tourists due to its exotic taste and rare availability. For instance, in January 2023, according to the Tourism and Creative Economy Ministry of the Indonesian government, around 7.4 million foreign tourist arrivals and 1.2 to 1.4 billion domestic tourist arrivals is estimated for the year 2023. Furthermore, in May 2022, according to the World Bank, a US-based international financial institution, in 2022, Indonesian tourism increased by 500% from May 2021. Therefore, the increasing tourism in Indonesia is driving the kopi luwak coffee market forward.
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The kopi luwak market covered in this report is segmented –
1) By Product: Raw Coffee Beans, Cooked Beans
2) By Coffee Feed Type: Arabica, Robusta, Liberica
3) By Distribution Channel: Online Sales, Offline Sales
The kopi luwak coffee market report table of contents includes:
1. Executive Summary
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