Australia’s roasted coffee substitutes market is projected to experience a modest growth trajectory from 2024 to 2035, with a forecasted Compound Annual Growth Rate (CAGR) of +1.0% for volume and +1.2% for value. By the end of 2035, the market volume is expected to reach 5.2K tons, with an anticipated market value of $56M in nominal prices.
Driven by an increasing demand for roasted coffee substitutes in Australia, the market is poised to witness an upward consumption trend over the next decade. The market performance is forecasted to show a slight increase, with an expected CAGR of +1.0% for the period spanning from 2024 to 2035, leading to a market volume of 5.2K tons by 2035. In terms of value, the market is anticipated to see a growth with a projected CAGR of +1.2%, reaching a value of $56M by the end of 2035.
In 2024, the consumption of roasted chicory and other roasted coffee substitutes in Australia saw a 0.3% increase, totaling 4.6K tons. Although consumption rose for the second consecutive year after a decline period, the overall consumption trend showed a decrease, with a peak volume of 8.6K tons. The market size dropped to $49M in 2024, remaining stable compared to the previous year.
Australia produced approximately 4.5K tons of roasted chicory and other roasted coffee substitutes in 2024, marking a -1.5% decline from 2023. The production trend experienced fluctuation, with a notable growth rate in 2016 but a subsequent decrease in recent years. In value terms, production decreased to $50M in 2024, with some fluctuations observed over the analyzed period.
Imports of roasted coffee substitutes to Australia saw a rise in 2024, reaching 192 tons after a period of decline. In terms of value, imports surged to $1.8M in 2024. Belgium emerged as the largest supplier to Australia, followed by France and Poland, with significant fluctuations in import prices among these countries.
Australia’s exports of roasted chicory and other roasted coffee substitutes declined by -31.9% in 2024, amounting to 59 tons. The export value dropped notably to $847K in the same year. South Korea stood out as the primary destination for Australian exports, with a significant share of total exports, followed by New Zealand.
The Australian market for roasted coffee substitutes presents opportunities for manufacturers, distributors, importers, and investors to capitalize on market trends and opportunities. By leveraging the latest data and insights on market dynamics, businesses can make informed decisions to enhance their market presence and profitability.
In conclusion, the roasted coffee substitutes market in Australia is poised for gradual growth, driven by evolving consumer preferences and market dynamics. By staying abreast of industry trends and leveraging market insights, stakeholders can position themselves strategically to navigate the evolving market landscape and capitalize on emerging opportunities.
