United Kingdom Coffee Market Valued at USD 1,727.59 Million in 2023, Poised for Transformation in the Beverage Sector

United Kingdom Coffee Market Overview

Market Definition

The United Kingdom Coffee Market encompasses a diverse range of coffee products made from roasted coffee beans, which are the seeds of certain coffee species. The market includes various types of coffee, such as instant, ground, and whole bean coffee, catering to a wide array of consumer preferences and brewing methods.

Market Size and Growth

• Valued at: USD 1,727.59 million in 2023
• Projected to reach: USD 2,304.17 million by 2030
• CAGR (2024-2030): 4.20%

Market Dynamics

The UK has a long-standing tradition of coffee consumption, with an average of three cups consumed daily. This habit is driving increased demand across various venues, including coffee shops, offices, and travel hubs like stations and airports. Key factors influencing the market include:

• Millennial Influence: Millennials are emerging as a primary consumer group, with an average coffee consumption of 5.1 kg per person. Their preference for high-quality coffee experiences has transformed coffee consumption into a social activity.
• Drip Coffee Drinkers: Approximately 77% of UK adults drink coffee daily. Key demographics include:
  • 18-24 years: 38% daily consumption
  • 25-39 years: 51% daily consumption
• Specialty Coffee Drinkers: Consumers are increasingly interested in specialty coffee drinks, such as espressos, cappuccinos, and lattes, often willing to pay a premium for quality and unique ingredients.
• Whole Bean Buyers: A growing segment prefers to purchase whole coffee beans for home brewing, seeking freshness and variety in flavor profiles.

For complete access to this research, refer to the link below:https://www.stellarmr.com/report/req_sample/United-Kingdom-Coffee-Market/82

Market Development

Significant product launches have shaped the market landscape:

• Nestlé launched the Starbucks Premium Instant Coffee line in February 2020, introducing medium and dark roasted options.
• In August 2019, Nestlé expanded its product offerings with herbal instant coffees, including Nestlé Gold Coconut Latte, Nestlé Gold Oat Latte, and Nestlé Gold Almond Latte.

BCG Matrix of Nestlé

• Stars: Nescafé coffee and Nestlé mineral water, which hold high market shares in a high-growth sector.
• Cash Cow: Maggi noodles, a high-share product in a low-growth market.
• Dogs: Milo chocolate powder, which has not significantly impacted business performance.
• Question Marks: Nestlé Chocolates and Confectionery, facing competitive pressure with a low market share.

Segment Analysis

• By Source:
  • Arabica: Low caffeine content and a sweet taste; used in various products.
  • Robusta: Preferred for its rich antioxidant content and robust flavor.
• By Type:
  • Instant Coffee: Gaining popularity for its convenience without compromising flavor.
  • Ground Coffee and Whole Beans: Catering to consumers who prefer brewing their coffee.

For complete access to this research, refer to the link below:https://www.stellarmr.com/report/req_sample/United-Kingdom-Coffee-Market/82

Regional Insights

The UK coffee market is part of a broader European landscape, which includes:

• North America: Focused on the United States, Canada, and Mexico.
• Asia Pacific: Includes major players from China, India, Japan, and Australia.
• Middle East and Africa: Targets markets like South Africa and the GCC.
• South America: Engages with Brazilian and Argentine consumers.

Key Players

Prominent players shaping the UK coffee market include:

• Caffè Nero
• Costa Coffee
• Matthew Algie
• Origin Coffee
• Clifton Coffee
• North Star Coffee
• Caravan Coffee
• Lincoln and York
• Colonna
• Has Bean

Conclusion

The United Kingdom Coffee Market is poised for significant growth, driven by evolving consumer preferences, particularly among millennials. The market’s dynamics reflect a shift towards high-quality and specialty coffee offerings, supported by strategic developments from key industry players. With a robust CAGR of 4.20% projected, the market is well-positioned for continued transformation in the beverage sector.