Worldwide Coffee And Tea Market Forecasts To 2030 (COVID-19 Adjusted) – Market To Reach $191.1 Billion By 2023


The global coffee and tea market is expected to grow from $142.1 billion in 2019 to $148.5 billion in 2020 at a compound annual growth rate (CAGR) of 4.6%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $191.1 billion in 2023.

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