Specialty coffee shops market size to grow by USD 39.17 billion between 2022 and 2027; Driven by increasing consumption of coffee - Technavio

Rhea-AI Summary

According to Technavio, the global specialty coffee shops market is projected to grow by USD 39.17 billion from 2022 to 2027, with a CAGR of 7.43%. Factors driving this growth include increasing coffee consumption, a rise in specialty coffee shops, and changing consumer lifestyles. North America is expected to contribute 32% to market growth, fueled by a busy lifestyle and online ordering trends. However, challenges such as fluctuating coffee bean prices and intense competition may hinder market expansion. Key players in the market include Luckin Coffee and Starbucks.

Positive

• Market projected to grow by USD 39.17 billion from 2022 to 2027.
• CAGR of 7.43% during the forecast period.
• North America expected to contribute 32% to market growth.

Negative

• Fluctuating coffee bean prices may challenge market growth.
• Intense competition is leading to low-profit margins for vendors.

NEW YORK, March 3, 2023 /PRNewswire/ -- According to Technavio, the global specialty coffee shops market size is estimated to grow by USD 39.17 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 7.43% during the forecast period. The market is driven by factors such as the increasing consumption of coffee, the growing number of specialty coffee shops globally, and the rapid urbanization and changing consumer lifestyles. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) – Request a report sample

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Specialty Coffee Shops Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 7.43%
Market growth 2023-2027	USD 39.17 billion
Market structure	Fragmented
YoY growth 2022-2023 (%)	7.08
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 32%
Key countries	US, China, Japan, the UK, Germany, Canada, Mexico, Italy,Spain,  Australia,  and South Korea
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Barista Coffee Co. Ltd., BLUE BOTTLE COFFEE Inc., Brew Berrys Hospitality Pvt Ltd., Caffe Nero Group Ltd., Caribou Coffee Operating Co. Inc., Coffee Beanery, Coffee Day Enterprises Ltd., Costa Ltd., Doutor Coffee Co. Ltd., Ediya Co. Ltd., Gloria Jeans Coffees International Pty Ltd., Grupo Herdez SAB de CV, Inspire Brands Inc., Keurig Green Mountain Inc., La Colombe Torrefaction Inc., Luckin Coffee Inc., McDonald Corp., MTY Food Group Inc, Restaurant Brands International Inc., and Starbucks Co.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Global Specialty Coffee Shops Market - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on type (independent coffee shops and chain coffee shops), distribution channel (offline and online), and geography (North America, Europe, APAC, South America, and Middle East and Africa). 

• The market growth in the independent coffee shops segment will be significant during the forecast period. The increasing popularity of gourmet coffee shops among the urban population is driving the growth of the segment.

Geography Overview
By geography, the global specialty coffee shops market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global specialty coffee shops market.

• North America will account for 32% of the market growth during the forecast period. Factors such as the hectic lifestyle of the working population and students and the rise in online food ordering are driving the growth of the specialty coffee shops market in North America.

Get a glance at the market contribution of various segments, historic (2017 to 2021), and forecast market size (2023 to 2027) - Download a sample report

Global Specialty Coffee Shops Market – Market Dynamics

Key factor driving market growth

The market is driven by the increasing demand for coffee. The global demand for coffee has been continuously increasing in recent years. Coffee is the second most traded commodity in the world, after oil. There is an increase in the demand for instant coffee among consumers worldwide. According to estimates, an average consumer in the US consumes 363 cups of coffee per year. In the UK, an average consumer consumes around 250 cups of coffee every year. The consumption of coffee is also increasing in developing countries such as China, India, and Brazil. As a result, the growth of the global specialty coffee shop market is expected to increase during the forecast period.

Leading trends influencing the market 

The increasing popularity of coffee among Millennials is the key trend in the market. The Millennial population tends to spend more on premium beverage products. This population group is also keen on experimenting with new drink types, brands, and flavors. To cater to the preferences of the Millennial population, vendors are introducing a wide range of beverage products. In addition, the rising disposable incomes in Asian, Eastern European, and Latin American economies and the growing coffee shop culture are creating significant growth opportunities for vendors.

Major challenges hindering the market growth

The fluctuating prices of coffee beans will challenge the growth of the market. Factors such as the disparity in demand and supply of coffee beans, decreased production of coffee beans, unfavorable weather conditions, and rising labor costs are leading to fluctuations in coffee bean prices. Besides, the increasing competition in the market is forcing many vendors to operate on low-profit margins. These factors are expected to reduce the growth potential in the market.

 Find some insights for market dynamics from a sample report.

Why Buy?

• Add credibility to strategy
• Analyzes competitor's offerings
• Get a holistic view of the market

Grow your profit margin with Technavio – Buy the Report!

What are the key data covered in this specialty coffee shops market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the specialty coffee shops market between 2023 and 2027
• Precise estimation of the size of the specialty coffee shops market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the specialty coffee shops market industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of specialty coffee shops market vendors

Gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Related Reports:

• The quick service restaurants market size is expected to increase by USD 107.69 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.62%. The market is segmented by service (eat-in service, takeaway service, drive-thru service, and home delivery service) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).
• The fast casual restaurants market size is expected to increase by USD 186.27 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 12.41%. The market is segmented by product (North American, Italian, Mexican, and others) and geography (North America, APAC, Europe, South America, and Middle East and Africa).

Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global specialty coffee shops market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global specialty coffee shops market 2017 - 2021 ($ billion)

• 4.2 Geography Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.3 Type Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

• 4.4 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Independent coffee shops - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Independent coffee shops - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Independent coffee shops - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Independent coffee shops - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Independent coffee shops - Year-over-year growth 2022-2027 (%)

• 6.4 Chain coffee shops - Market size and forecast 2022-2027
• Exhibit 38: Chart on Chain coffee shops - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Chain coffee shops - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Chain coffee shops - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Chain coffee shops - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 49: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027
• Exhibit 51: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 52: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 85: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 86: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 UK - Market size and forecast 2022-2027 
• Exhibit 89: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 90: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 91: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Barista Coffee Co. Ltd. 
• Exhibit 108: Barista Coffee Co. Ltd. - Overview
• Exhibit 109: Barista Coffee Co. Ltd. - Product / Service
• Exhibit 110: Barista Coffee Co. Ltd. - Key offerings

• 12.4 Brew Berrys Hospitality Pvt Ltd. 
• Exhibit 111: Brew Berrys Hospitality Pvt Ltd. - Overview
• Exhibit 112: Brew Berrys Hospitality Pvt Ltd. - Product / Service
• Exhibit 113: Brew Berrys Hospitality Pvt Ltd. - Key offerings

• 12.5 Caffe Nero Group Ltd. 
• Exhibit 114: Caffe Nero Group Ltd. - Overview
• Exhibit 115: Caffe Nero Group Ltd. - Product / Service
• Exhibit 116: Caffe Nero Group Ltd. - Key offerings

• 12.6 Coffee Beanery 
• Exhibit 117: Coffee Beanery - Overview
• Exhibit 118: Coffee Beanery - Product / Service
• Exhibit 119: Coffee Beanery - Key offerings

• 12.7 Coffee Day Enterprises Ltd. 
• Exhibit 120: Coffee Day Enterprises Ltd. - Overview
• Exhibit 121: Coffee Day Enterprises Ltd. - Product / Service
• Exhibit 122: Coffee Day Enterprises Ltd. - Key offerings

• 12.8 Costa Ltd. 
• Exhibit 123: Costa Ltd. - Overview
• Exhibit 124: Costa Ltd. - Product / Service
• Exhibit 125: Costa Ltd. - Key offerings

• 12.9 Doutor Coffee Co. Ltd. 
• Exhibit 126: Doutor Coffee Co. Ltd. - Overview
• Exhibit 127: Doutor Coffee Co. Ltd. - Product / Service
• Exhibit 128: Doutor Coffee Co. Ltd. - Key offerings

• 12.10 Ediya Co. Ltd. 
• Exhibit 129: Ediya Co. Ltd. - Overview
• Exhibit 130: Ediya Co. Ltd. - Product / Service
• Exhibit 131: Ediya Co. Ltd. - Key offerings

• 12.11 Gloria Jeans Coffees International Pty Ltd.
• Exhibit 132: Gloria Jeans Coffees International Pty Ltd. - Overview
• Exhibit 133: Gloria Jeans Coffees International Pty Ltd. - Product / Service
• Exhibit 134: Gloria Jeans Coffees International Pty Ltd. - Key offerings

• 12.12 Inspire Brands Inc. 
• Exhibit 135: Inspire Brands Inc. - Overview
• Exhibit 136: Inspire Brands Inc. - Product / Service
• Exhibit 137: Inspire Brands Inc. - Key offerings

• 12.13 Keurig Green Mountain Inc. 
• Exhibit 138: Keurig Green Mountain Inc. - Overview
• Exhibit 139: Keurig Green Mountain Inc. - Product / Service
• Exhibit 140: Keurig Green Mountain Inc. - Key offerings

• 12.14 McDonald Corp. 
• Exhibit 141: McDonald Corp. - Overview
• Exhibit 142: McDonald Corp. - Business segments
• Exhibit 143: McDonald Corp. - Key news
• Exhibit 144: McDonald Corp. - Key offerings
• Exhibit 145: McDonald Corp. - Segment focus

• 12.15 MTY Food Group Inc 
• Exhibit 146: MTY Food Group Inc - Overview
• Exhibit 147: MTY Food Group Inc - Business segments
• Exhibit 148: MTY Food Group Inc - Key offerings
• Exhibit 149: MTY Food Group Inc - Segment focus

• 12.16 Restaurant Brands International Inc. 
• Exhibit 150: Restaurant Brands International Inc. - Overview
• Exhibit 151: Restaurant Brands International Inc. - Business segments
• Exhibit 152: Restaurant Brands International Inc. - Key news
• Exhibit 153: Restaurant Brands International Inc. - Key offerings
• Exhibit 154: Restaurant Brands International Inc. - Segment focus

• 12.17 Starbucks Co. 
• Exhibit 155: Starbucks Co. - Overview
• Exhibit 156: Starbucks Co. - Business segments
• Exhibit 157: Starbucks Co. - Key news
• Exhibit 158: Starbucks Co. - Key offerings
• Exhibit 159: Starbucks Co. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 13.5 List of abbreviations 
• Exhibit 166: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/specialty-coffee-shops-market-size-to-grow-by-usd-39-17-billion-between-2022-and-2027-driven-by-increasing-consumption-of-coffee---technavio-301760755.html

SOURCE Technavio

FAQ

What is the growth forecast for the specialty coffee market from 2022 to 2027?

The specialty coffee market is projected to grow by USD 39.17 billion from 2022 to 2027.

What is the expected CAGR for the specialty coffee shops market?

The expected CAGR for the specialty coffee shops market is 7.43%.

Which region is expected to dominate the specialty coffee market growth?

North America is expected to dominate with a 32% contribution to market growth.

What are the challenges facing the specialty coffee shops market?

Challenges include fluctuating coffee bean prices and intense competition affecting profit margins.

Who are the key players in the specialty coffee shops market?

Key players include Luckin Coffee, Starbucks, and several other major coffee brands.