December 31, 2024 12:40 PM
India’s out-of-home coffee market projected to reach up to $3.2 billion by 2028
As coffee gains popularity among urban consumers in a traditionally tea-loving nation, India’s out-of-home coffee market is expected to grow at a compound annual growth rate (CAGR) of 15-20 percent, reaching $2.6-$3.2 billion by 2028, according to a report released on Tuesday. The premium coffee segment (above Rs 200), which represented 46 per cent of the market in 2023, is projected to grow to 55-60 per cent of the market at a CAGR of 20-25 per cent, underscoring its dominant role in shaping...