The Philippines Coffee market size was valued at $ 2064.44 million in 2023, and is projected to reach $ 3250.52 million by 2030, registering a CAGR of 6.7% from 2024 to 2030.
Coffee was introduced to the Philippines in the 18th century and became a significant part of the agricultural landscape by the 19th century. At its peak, the Philippines was the fourth largest coffee producer in the world. However, the industry faced major setbacks due to pest infestations and natural disasters, leading to a decline in production. Today, efforts are being made to revitalize the coffee industry through improved farming practices and government support.
According to a new report published by Pristine Intelligence, titled, “Coffee Market by Forms, Source, Speciality Coffee, Process, Flavors, Distribution Channel, and End-Users: Country Opportunity Analysis and Industry Forecast, 2022–2030,” The Philippines coffee market encompasses all aspects of coffee production, distribution, and consumption within the country. It involves the cultivation of coffee plants, primarily in regions such as Benguet, Batangas, and Cavite, as well as the processing, roasting, and packaging of coffee beans. The market also includes the distribution and retailing of coffee products through various channels, including supermarkets, specialty coffee shops, and online platforms.
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coffee that is ethically and sustainably sourced presents an opportunity for the Philippines coffee market. Customers are favoring coffee that is ethically sourced and supports fair trade methods more and more as they become more environmentally and socially conscious. Companies can seize this market potential by emphasizing sustainability measures, such as encouraging environmentally friendly farming practices and helping regional coffee growers. Companies may stand out in the market and meet the growing demand for sustainable coffee options by matching consumer values with their products and providing coffee that is obtained responsibly.
Some of the leading Coffee market players are
- Figaro Coffee Company (Philippines)
- Bo’s Coffee (Philippines)
- Starbucks Philippines (USA)
- The Coffee Bean & Tea Leaf (USA)
- UCC (Ueshima Coffee Company) (Japan)
- Dunkin’ Donuts Philippines (USA)
- Seattle’s Best Coffee (USA)
- McCafe (McDonald’s Philippines) (USA)
- Tim Hortons (Canada)
Key Developments:
In April 2023, Pickup Coffee, a grab-and-go coffee startup in the Philippines, has revealed that its last fundraising round brought in $40 million. According to earlier reports, the company filed with Singapore’s Accounting and Corporate Regulatory Authority (ACRA) to obtain $30.75 million in new finance. It’s crucial to keep in mind that the ACRA filings only reflect the equity money that was received during the round; other funding, such as loans, may have been included.
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Key Findings of the Study / Key Industry Developments.
- Average Revenue Per Capita, at Home for Instant coffee — 16.99 USD billion and Roast coffee — 1.84 USD billion.
- Instant coffee dominates revenue due to convenience and availability.
- Filipinos consuming more coffee and appreciating higher quality brews.
