Retail Coffee Chains Market Projected to Reach USD 176.65 Billion by 2032 | Starbucks, Costa Coffee, Second Cup
1. Global retail coffee market valued at $115.84B in 2023. It is projected to reach $176.65B by 2032. 2. Market growth driven by a 4.80% CAGR. Demand for quality and convenience fuels expansion. 3. Starbucks collaborates with Nestlé for ready-to-drink launches in India. This enhances growth prospects in emerging markets. 4. Coffee chains face intense competition and shifting consumer preferences. Innovative offerings can boost Starbucks’ competitive edge.