Australian Coffee Market Trends in 2023

Market Size and Growth

The Australian coffee market has experienced remarkable growth in recent years. In 2023, its size reached an estimated USD 146 billion. The market is expected to continue its upward trajectory, driven by factors such as expanding coffee culture and increasing demand for premium coffee products.

Emerging Trends

The Australian coffee scene is constantly evolving, with new trends shaping the industry. In 2023, some of the most prominent trends include the increasing popularity of specialty roasters, the emergence of alternative brewing methods, and the growing demand for sustainable coffee practices.

Market Drivers

Several factors are contributing to the growth of the Australian coffee market. One significant factor is the rising consumption of coffee, with domestic consumption reaching over 22 million 60-kilogram bags in 2023. Additionally, the growing number of coffee shops and the increasing popularity of coffee as a lifestyle beverage are driving market expansion.

Industry Forecast

The Australia coffee market is expected to continue its growth in the coming years. According to Mordor Intelligence Industry Reports, the market is projected to reach approximately USD 134 billion by 2024. Key trends, such as the growing popularity of cold brew coffee and the increasing focus on organic and fair-trade coffee, are likely to contribute to this growth.