Specialty Coffee Market to Reach USD 69.8 Billion Globally by 2032, Growing at a CAGR of 4.75% -- Credence Research

PUNE, India, Oct. 8, 2025 /PRNewswire/ -- According to a newly published report by Credence Research, the Global Specialty Coffee Market is projected to rise from USD 45.9 Billion in 2023 to USD 69.8 Billion by 2032, representing a Compound Annual Growth Rate (CAGR) of 4.75 % from 2024 to 2032. This press release outlines the key market drivers and restraints, regional and segmentation analysis, as well as competitive dynamics and strategic implications for market participants and investors.

Market Overview

Specialty coffee refers to high-quality, traceable, often single-origin beans, roasted and prepared with craftsmanship and strict quality standards. In recent years, consumer interest in premium coffee beverages, sustainability, and immersive café experiences has driven robust growth in the specialty coffee sector.

The forecasted growth from 2023 to 2032 (USD 45,973.40 million → USD 69,806.02 million) underscores a vibrant and steadily expanding market.

Download Free Report Sample - https://www.credenceresearch.com/report/specialty-coffee-market

Key Market Drivers

In the Credence Research report, several factors are identified as primary drivers fostering the expansion of the specialty coffee market:

• Rising Consumer Preference for Premium, High-Quality Coffee
  
  Consumers across both developed and emerging markets are showing a strong shift toward premium coffee experiences. This shift is driven by higher disposable income, global travel exposure, and interest in artisanal craftsmanship. Customers increasingly seek unique flavor notes, single-origin beans, and detailed roasting profiles that reflect authenticity and expertise. For instance, Blue Bottle Coffee and Stumptown Coffee Roasters have built loyal followings by emphasizing traceable sourcing and small-batch roasting methods, appealing to millennials and Gen Z audiences who value quality over quantity.
  
  
• Expansion of Café Culture and Experiential Consumption
  
  Cafés have evolved into social hubs that offer more than beverages—they now represent lifestyle and community spaces. Specialty cafés host coffee-tasting sessions, brewing workshops, and latte art classes, enhancing customer engagement and brand loyalty. Urban consumers view these cafés as venues for socializing, remote work, and cultural interaction. For example, Starbucks Reserve and Costa Coffee's "Experience Stores" integrate immersive design and storytelling to elevate in-store experiences, helping drive repeat visits and premium sales.