Coffee and Tea Global Market Opportunities and Strategies Report 2023: A $171 Billion Market in 2031 – Increasing Launch of Premium Products and Focus on Organic Products

The coffee and tea market reached a value of nearly $101,365.8 million in 2021, having grown at a compound annual growth rate (CAGR) of 2.8% since 2016. The market is expected to grow from $101,365.8 million in 2021 to $136,282.2 million in 2026 at a rate of 6.1%. The market is then expected to grow at a CAGR of 4.7% from 2026 and reach $171,510.9 million in 2031.

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