Specialty coffee refers to the highest quality coffee available, usually involving the entire supply chain and using single origin or single estate coffee. On the 100-point Coffee Review scale, specialty coffee is described as coffee that receives 80 or more points. Coffee of outstanding quality both farmed and brewed to a substantially higher level than the norm is specialty coffee. Erna Knutsen coined the term in an issue of Tea & Coffee Trade Journal in 1974. Specialty coffee is high in antioxidants and nutrients that will help the consumer to live a healthier life. Price, suitability and proper brewing techniques are some of the positive factors favors the demand of specialty coffee. This Coffee has variety of benefits such as improves the energy levels, helps to burn fat, improves physical performance, fights the depression and good source of antioxidants. It is used for its energizing and healing property. It is also being used as a soft drink alternative, along with other energy drinks. Developing new formulations with increased palatability, innovative formulations, increased storage and shelf life and others are reinforcing the worldwide market for specialty coffee.
Factors such as increasing specialty coffee consumption and rising number of specialty coffee shops are some of the major factors driving the growth of Global Specialty Coffee Market
Global Specialty Coffee Market is valued at USD 30.74 Billion in 2020 and expected to reach USD 50.01 Billion by 2027 with a CAGR of 7.2% over the forecast period.
Starbucks Corporation is an American multinational Company established in 1971 and headquartered Utah Avenue South, Seattle, Washington, 98134, United States. Specialties in Coffee, Food, Juice, Tea, Benefits, Technology, Retail, and Design. Starbucks had nearly 350,000 Employees and had revenue of $26 Billion.
Dunkin'? Brands Inc. is one of the world's leading Coffee franchisors established in 1950 and headquartered at Royall St, Canton, Massachusetts, 02021, United States. Specialties in hot and cold coffee and baked goods, as well as hard-serve ice cream. Dunkin' Brands Group had nearly 1,114 Employees and had revenue of $1 Billion.
Whitbread PLC is a multinational British hotel and restaurant company established in 1742 and headquartered at Whitbread Ct., Houghton Hall Business Park, Porz Ave., Dunstable, Central Bedfordshire, LU5 5XE, United Kingdom. Specialties in Hospitality, Food, Corporate responsibility, and Hotels. Whitbread had nearly 35,634 Employees and had revenue of $2 Billion
McDonald's Corporation is an American fast food company established in 1955 and headquartered at Carpenter St, Chicago, Illinois, 60607, United States. Specialties in Restaurant, sustainability, foodservice, franchising, operations, real estate, supply chain, communications, human resources, finance, IT, accounting, marketing, investor relations, charities, RMHC, diversity, CSR, legal, and insurance. McDonald's had nearly 200,000 employees and had revenue of $19 Billion.
Peet's Coffee established in 1970 and headquartered at Park Ave, Emeryville, California, 94608, United States. Specialties in Coffee & Tea, Retail, CPG, and Social Responsibility. Peets Coffee & Tea, Inc had nearly 5,000 employees and had revenue of $983 Million.
· Global Specialty Coffee Market report covers in-depth historical and forecast analysis.
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· Global Specialty Coffee Market report covers extensive analysis of emerging trends and competitive landscape.