The Specialty Coffee Shops Market is predicted to rise to USD 118 billion by 2028, witnessing 13.6% CAGR during 2021-2028

Introduction of the Specialty Coffee Shops Market Report
Coffee Shops can be defined as a shop where coffee and other light refreshments are served. This shop is designed for the formal- informal meetings as well as business meetups.

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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global Specialty Coffee Shops Market include the rise in the food services industry and growing number of coffee shops is one of the major factor which is propelling the growth of this market. Furthermore, changing living styles of people and working style of corporate offices, encouraging people to visit coffee shops for both professional meetings and personal meetings. Additionally, the increase in disposable income of the consumer in developing and developed countries is another factor for boosting the growth of this market. Moreover, the introduction of new facilities such as sitting in a coffee shop for long hours, free internet services facility, the concept of reading books and playing games make them unique and attractive. Coffee shops like Starbucks, CCD, etc., provide its customer to sit for long hours without any restriction. Furthermore, individual professionals and influencers to work from cafes have also boosted this market’s growth.

Restraint in the Specialty Coffee Shops Market
However, set up cost for the café is very high and rent at prime location make difficult for independent to run café for long run. Moreover, cafés are facing problem like staff management, skilled staff and maintenance of quality consistence further hampering the growth of this market.

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Product Types – Segment Analysis
Based on the Product Type, carbonated coffee is expected to grow at a higher CAGR rate in the global Specialty Coffee Shops Market during the forecast period. It is a shot of espresso or a serving of cold brew that’s infused with seltzer water. It is available in different flavors such as twist of orange peel or a splash of fruit juice etc., along with some sugar or syrup. It is also known as coffee soda which are being provided by several café such as Starbucks, CCD, etc.

Applications – Segment Analysis
Based on the Applications, coffee is projected to grow at a higher CAGR rate in the global Specialty Coffee Shops Market during the forecast period owing the rising coffee drinking culture. Speciialty coffee shops such as Starbucks, Barista offer various types of coffee such as cold coffee, frappes, latte, mocha, cappuccino.

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Regional – Segment Analysis:
Based on the region, North America region is expected to grow at a higher CAGR rate in the global Specialty Coffee Shops Market during the forecast period. United States is largest importer of coffee and according to US Census Bureau in 2020, the imports of green coffee were accounted for USD 4.4 billion in 2020. Moreover, in US Americans drinks approximately more then 100 billion of coffee per year with average of 1.5 cups of coffee per day. The rising number of coffee shop in this region as US consist of more than 30,000 coffee shops which will further boost the growth of this market.

Top Market Players
Various notable players operating in the market, include, Starbucks Coffee Company., McDonald’s, Doutor Coffee Co., The Coffee Bean & Tea Leaf, Costa Limited, Caffe Nero, Tully’s Coffee, Inc., Ediya coffee company, Caribou Coffee Operating Company, Inc., Gloria Jeans, among others.

Key Developments:

• • In Feb 2020, Starbucks launched a ready-to-drink Starbucks Nitro Cold Brew cans with the partnership of PepsiCo Inc. The drinks will be available in Vanilla Sweet Cream, Black, and Dark Caramel varieties, and it will infuse with Nitrogen gas.
  • In Nov 2019, Luigi Lavazza SpA launched a fully compostable coffee pods with the packaging, design by Path.

Segments covered in the Report:
The global Specialty Coffee Shops Market has been segmented on the basis of Product Types, Applications, City Size, and regions. Based on Product Types, the market is segmented into Non-Carbonated Drink, Alcoholic Drink, Carbonated Drink and Others. Based on Applications, the market is segmented into Food, Coffee and Others. Based on City Size, the market is segmented into Metropolitan, Urban and Rural.

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Key questions answered in this research report:

• • At what pace is global Specialty Coffee Shops Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Specialty Coffee Shops Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Specialty Coffee Shops Market?
  • Which Product Types generated maximum revenues in 2020 and identify the most promising Product Types during the forecast period?
  • What are the various Applications areas of global Specialty Coffee Shops Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Specialty Coffee Shops Market by Product Types

• • Non-Carbonated Drink
  • Alcoholic Drink
  • Carbonated Drink
  • Others

Global Specialty Coffee Shops Market by Applications

• • Food
  • Coffee
  • Others

Global Specialty Coffee Shops Market by City Size

• • Metropolitan
  • Urban
  • Rural

Global Specialty Coffee Shops Market by Region

• • North America Specialty Coffee Shops Market (Option 1: As a part of the free 25% customization)
    • North America Specialty Coffee Shops Market by Product Types
    • North America Specialty Coffee Shops Market by Applications
    • North America Specialty Coffee Shops Market by City Size
    • US Specialty Coffee Shops Market All-Up
    • Canada Specialty Coffee Shops Market All-Up
  • Europe Specialty Coffee Shops Market (Option 2: As a part of the free 25% customization)
    • Europe Specialty Coffee Shops Market by Product Types
    • Europe Specialty Coffee Shops Market by Applications
    • Europe Specialty Coffee Shops Market by City Size
    • UK Specialty Coffee Shops Market All-Up
    • Germany Specialty Coffee Shops Market All-Up
    • France Specialty Coffee Shops Market All-Up
    • Spain Specialty Coffee Shops Market All-Up
    • Rest of Europe Specialty Coffee Shops Market All-Up
  • Asia-Pacific Specialty Coffee Shops Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Specialty Coffee Shops Market by Product Types
    • Asia-Pacific Specialty Coffee Shops Market by Applications
    • Asia-Pacific Specialty Coffee Shops Market by City Size
    • China Specialty Coffee Shops Market All-Up
    • India Specialty Coffee Shops Market All-Up
    • Japan Specialty Coffee Shops Market All-Up
    • Rest of APAC Specialty Coffee Shops Market All-Up
  • RoW Specialty Coffee Shops Market (Option 4: As a part of the free 25% customization)
    • RoW Specialty Coffee Shops Market by Product Types
    • RoW Specialty Coffee Shops Market by Applications
    • RoW Specialty Coffee Shops Market by City Size
    • Brazil Specialty Coffee Shops Market All-Up
    • South Africa Specialty Coffee Shops Market All-Up
    • Saudi Arabia Specialty Coffee Shops Market All-Up
    • UAE Specialty Coffee Shops Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Specialty Coffee Shops Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Starbucks Coffee Company.
  • McDonald’s
  • Doutor Coffee Co.
  • The Coffee Bean & Tea Leaf
  • Costa Limited
  • Caffe Nero
  • Tully’s Coffee, Inc.
  • Ediya coffee company
  • Caribou Coffee Operating Company, Inc.
  • Gloria Jeans