According to Allegra's Project Café UK 2022, the UK branded coffee shop market witnessed a sharp rebound in 2021 and is currently valued at GBP4.4bn, reaching 87% of pre-pandemic value. The branded UK coffee shop market has also returned to outlet growth and now stands at 9,540 in total, an annual increase of 324 rising by 3.5%. It expects outlet growth to be ~2.1% for the next 5 years and the market value to increase at 5.8% CAGR.
On the other hand, number of coffee species under threat of extinciton has been increasing. The Royal Botanic gardens cited recently about 60% of coffee species fall under this category now due to ever increasing temperatures across the globe.
Coffee reserves have been depleting whereas demand for coffee remains strong, and is growing.
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