According to the report titled ‘Global Out-of-home Coffee Market Size study, by Type (Roasted Coffee, Instant/Soluble Coffee, Portioned Coffee), and Regional Forecasts 2020-2027’, available with Market Study Report, global out-of-home coffee market valuation in the year 2019 was approximately USD 21.4 billion and is anticipated to reach USD 29.1 billion by 2027 with a growth at 3.92% CAGR during 2020-2027.
 

Emerging working-class population, rising number of coffee shops, increase in discretionary income along with rapid urbanization have driven the global out-of-home coffee market growth in the recent years. Further, rising food & beverage ecommerce retail sales, and booming demand for instant coffee will foster the industry share.
 

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Notably, Keurig Dr Pepper Inc., back in 2019, introduced a revolutionary segment of coffee makers namely, K-duo portfolio that amalgamates single serve and drip coffee features. The portfolio contains three disruptive coffee makers, each with different set of features and price points allowing coffee lovers to choose the best suited for their needs. Hence, introduction of innovative devices, alongside sprouting premium cafes across the world are augmenting the market outlook.
 

The transformation of working culture of business executives has catalyzed the demand for coffee stores with various amenities such as free WiFi and entertainment section, which will create lucrative opportunities for the industry players. However, constantly changing climatic conditions, and side-effects of excessive consumption are expected to hamper the growth of worldwide out-of-home coffee industry.
 

On the basis on product terrain, the marketplace is classified as instant/soluble coffee, roasted coffee, and portioned coffee.
 

Geographically, the report provides holistic view of business trends across North America, Latin America, Europe, Asia Pacific, and the rest of the world. Of these, Europe holds a considerable market share currently, pertaining to rising trend of coffee consumption. Parallelly, North America market is touted to exhibit comparatively higher growth rate during the forecast period amid growing working population.
 

Worldwide out-of-home coffee market competitive scenario is framed by prominent companies namely, Nestlé S.A., AB Holding Company, The J. M. Smucker Company, Luigi Lavazza S.p.A., The Kraft Heinz Company, Starbucks Corporation, Keurig Dr Pepper Inc., Tchibo, Dunkin' Brands Group Inc., and Tata Consumer Products among others.