The Indian coffee market witnessed substantial fluctuations from 2014 to 2023, with its market size in volume standing at 7.0 Thousand Metric Tons in 2023. Notable variations include a significant drop of 88.89% in 2015, followed by remarkable increases in subsequent years: a 100% increase in 2017 and a 350% increase in 2018. The market experienced a downturn in 2019 and further slight declines in 2020, followed by stability in the subsequent years until 2023. The five-year compound annual growth rate (CAGR) for the period from 2019 to 2023 was -4.9%, indicating a shrinking market, although it stabilized from 2021 onwards.
Future trends to watch for include:
- Expected gradual growth with a forecasted CAGR of 0.22% from 2024 to 2028.
- Emerging consumer preferences and potential new market entrants that could drive changes in market dynamics.
- Impact of economic factors and climate changes affecting coffee production and supply chains.
