Monday, September 2, 2024

Global Coffee Franchise Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

A coffee franchise refers to a business model where an individual or group (the franchisee) is granted the rights by a larger company (the franchisor) to operate a coffee shop or chain of coffee shops under the franchisor's brand name, using its established business practices, trademarks, and systems. This arrangement allows the franchisee to benefit from the brand recognition, marketing strategies, operational support, and proven business model of the franchisor while the franchisor expands its market presence and brand reach without directly managing additional locations.

Sizing and Forecast
The coffee franchise market size has grown strongly in recent years. It will grow from $96.6 billion in 2023 to $105.83 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%.  The  growth in the historic period can be attributed to growing coffee culture, increasing disposable incomes, urbanization, globalization, rise of specialty coffee, expansion of retail spaces, tourism and travel.

The coffee franchise market size is expected to see strong growth in the next few years. It will grow to $152.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%.  The growth in the forecast period can be attributed to emerging markets, health and wellness trends, sustainability and ethical sourcing, digital marketing, loyalty programs, co-branding and partnerships, convenience and on-the-go consumption. Major trends in the forecast period include automation and robotics in cafes, mobile ordering and payment apps, personalized customer experiences through ai, sustainable and eco-friendly practices, integration of blockchain for supply chain transparency, innovative brewing techniques, augmented reality (ar) and virtual reality (vr) experiences in stores

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Segmentation & Regional Insights
The coffee franchise market covered in this report is segmented –
1) By Cuisine: Lunch, Brunch, Coffee And Bar
2) By Delivery Type:  Dine-In, Dine-Out
3) By Application: Café Franchises, Espresso Franchises

Asia-Pacific was the largest region in the coffee franchise market in 2023. The regions covered in the coffee franchise market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The rising proliferation of coffee culture is expected to propel the growth of the coffee franchise market going forward. Coffee culture refers to the social and cultural practices, traditions, and norms surrounding the consumption and appreciation of coffee. The increasing proliferation of coffee culture is due to the rise of specialty coffee shops, the global spread of coffeehouse chains, the growing appreciation for gourmet and artisanal coffee, the influence of social media, and the cultural significance of coffee as a social beverage. Coffee franchises enhance and spread coffee culture by offering convenient and consistent coffee experiences while helping companies expand their brand presence, maintain quality standards, and meet the growing demand for specialty coffee in various locations. For instance, in December 2023, a report published by the International Coffee Organization stated that world coffee production increased by 0.1% to 168.2 million bags in the coffee year 2022–2023. The output for the coffee year 2023–24 is expected to grow by 5.8% to 178.0 million bags, with Arabica's output rising to 102.2 million bags and Robusta's increasing to 75.8 million bags. Therefore, a rising proliferation of coffee culture is driving the coffee franchise market.

Key Industry Players
Major companies operating in the coffee franchise market are  Starbucks Corporation, McDonald's Corporation, Luigi Lavazza S.p.A. , Tim Hortons Inc., Philz Coffee Inc., Costa Limited, Dunkin' Brands Group Inc., Scooter's Coffee LLC, Dutch Bros Coffee LLC, The Second Cup Ltd., Peet's Coffee Inc., Black Rock Coffee Bar LLC, Caribou Coffee Company Inc., Gloria Jean's Coffees International Pty. Ltd., Ballard Brands LLC, Nescafe Coffee Shop, Caffè Nero Group Ltd., Coffee Republic Ltd., Tully's Coffee Corporation, Ziggi’s Coffee LLC, Ellianos Coffee Company, Frespresso Hospitality Pvt Ltd, International Coffee And Tea LLC, The Human Bean, Xpresso Delight LLC

The coffee franchise market report table of contents includes:
1. Executive Summary

2. Coffee Franchise Market Characteristics

3. Coffee Franchise Market Trends And Strategies

4. Coffee Franchise Market - Macro Economic Scenario

5. Global Coffee Franchise Market Size and Growth

.

32. Global Coffee Franchise Market Competitive Benchmarking

33. Global Coffee Franchise Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Coffee Franchise Market

35. Coffee Franchise Market Future Outlook and Potential Analysis

36. Appendix


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