In this article we will take a look at the 5 largest coffee companies in the world in 2021. If you want to read our detailed analysis of the coffee industry, go directly to 10 Largest Coffee Companies in the World in 2021.
5. McCafe; Owned by McDonald’s Corporation (NYSE: MCD)
McCafe was founded in 1993 in Melbourne, Australia, and is a coffeehouse-style food and beverage chain. The company reflects a consumer trend towards espresso coffee. It saves its spot as one of the largest coffee companies in the world with over 15,000 stores located worldwide. McCafe became famous soon after its inception, as in 2003, the company generated 15% more revenue than its parent company McDonald’s Corporation (NYSE: MCD). McCafe uses coffee beans supplied by Rainforest Alliance Farms to brew and blend the coffee. It is widely loved across the world due to its affordable prices and favorable taste.
4. Costa Coffee; Owned by The Coca-Cola Company (NYSE: KO)
Costa coffee is a British coffee company with headquarters in Dunstable, England. It was founded in 1971 by two brothers, who initially wanted to sell roasted coffee to caterers and specialist Italian coffee shops. The coffeehouse is located in 31 countries, with over 3,100 stores. In 2019, Costa Coffee became the subsidiary of The Coca-Cola Company (NYSE: KO) after being sold for worth 3.9 billion euros. According to World Coffee Portal, the company managed to open around 56 stores in the UK in 2020 and retained a 29% share of the UK’s total branded coffee chain market. Recently, Costa Coffee has introduced its signature-flavored canned coffee sold in several stores across the UK, including Sainsbury’s and Asda. Its revenue of $2.07 billion in 2020 makes it one of the largest coffee companies in the world.
3. Tim Hortons; Owned by Restaurant Brands International Inc. (NYSE: QSR)
This Canadian coffee company was founded in 1964 and has over 4,949 outlets spread over 14 countries. Though the company started with just coffee and doughnuts, it now has expanded its menu to a wide range of beverages, soups, sandwiches, etc. Tim Hortons is the customers’ first choice as a more affordable company than Starbucks Corporation (NASDAQ: SBUX). The company also suffered the adverse effects of the pandemic. The official reports stated weaker Q1 results, with its comparable-store sales declining by 2.3% due to Covid-19 restrictions. However, it is clawing back by modernizing its drive-thru experience and improving the core menu to win over the customers. In 2020, its revenue stood at $2.81 billion. The coffee chain is the subsidiary of Restaurant Brands International Inc. (NYSE: QSR).
2. Dunkin’ Donuts; Owned by Inspire Brands
Dunkin’ Donuts was founded in 1948 as ‘Open Kettle’ and is run by Dunkin Brands Group, Inc. (NASDAQ: DNKN). It is one of the largest coffee companies in the world with over 11,300 outlets located in 36 countries. The U.S. remains its biggest market with 8,500 stores. The company originally started with coffee and doughnuts on its menu, but later expanded to a number of items, including bagels, sandwiches, and salads. Dunkin’ Donuts saw a decline in sales due to the pandemic and generated $1.3 billion in revenues. To overcome the loss, the company modernized its menu and introduced ‘Charli drink’ which resulted in a 57% increase in its app downloads. Dunkin’ Donuts is the largest drive-thru operator in the U.S. with over 6,300 sites and control 65% of the U.S. market along with Starbucks Corporation (NASDAQ: SBUX).
1. Starbucks Corporation (NASDAQ: SBUX)
Starbucks Corporation is one of the largest coffee companies in the world with over 32,943 outlets. The company is known for selling hot and cold beverages and coffee in personalized coffee mugs. Apart from operating retail stores throughout the world, the company also sells at-home coffee pods through various channels including Walmart Inc. (NYSE: WMT) and Amazon.com. Inc, (NASDAQ: AMZN). In 2020, the annual revenue of Starbucks Corporation (NASDAQ: SBUX) dropped 27.7% owing to the pandemic-induced lockdown.
However, the Q2 reports show the growth in global store sales by 15% as well as the opening of 5 new stores. According to the official reports, 70% of its revenue comes from America, while the international stores account for 22%. In 2020, it generated a revenue of $19.16 billion. The company has headquarters in Seattle, Washington.