This article aims to explore the main competitors of Starbucks in the USA, the UK, China, and India. According to Lock (2020) it has approximately 14.88 thousand stores in the country. These are mostly preferred tea brands competitors that provide an alternative to Coffee. Starbucks has been fighting its competitors – Dunkin' Donuts and McDonald's – for the top position as coffee king for several years. Future Of Advertising. The home grown Luckin Coffee (founded in 2017) has opened thousands of outlets with many of them being situated within a five-minute walk from a Starbucks outlet (Robinson, 2019). Sep 29, 2019 % Change . Over the past few years, its revenue has increased steadily. There is Costa Coffee from the UK. Even though it started in Asia, it has expanded to some countries in Africa, Czech Republic, and Nepal. Understanding current and past Starbucks Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. As of 2020, Starbucks is one of the leading brands in the food & beverages sector. JAB owned brands such as Pret a Manger, Peet’s Coffee, and Caribou Coffee also put considerable pressures on Starbucks. Although the drink hit Starbucks' menu earlier than previous years, Dunkin' already beat its competition … This is the second largest coffeehouse in the world after Starbucks and the … TRENDING. You may also like reading SWOT analysis Starbucks and Marketing mix of Starbucks. To respond to different consumer tastes and preferences, McDonald’s also sells chicken products, cheeseburgers, wraps, milkshakes, desserts, salads, fish, soft drinks, smoothies and a variety of breakfast items. Being a coffee producer, the following are the top 11 Starbucks competitors; This is the second largest coffeehouse in the world after Starbucks and the largest in the UK. Starbucks has itself strived hard to become the coffee shop around the corner. As an initial wine manufacture, rebranding and advertising have made it gain global accreditation with estimated revenues of around $20 million annually. You can follow me on Facebook. Founded in 1971 in the UK, Costa coffee has expanded to over 3000 stores in over 30 countries. It is worth noting that coffee is one of the most widely consumed beverages in the USA. India is a famous coffee producing country where coffee is one of the most popular beverages. The second quarter of 2020 saw $10.3 billion in revenue and 10% growth, crushing numbers for its closest rival, Adidas , which saw $7.1 billion and … Its presence in 35 countries itself tells the success story of the company. Brown (2019) reports that Starbucks maintains a massive 40% market share in the U.S. coffee shop market. Coffee business is growing rapidly, and the industry is appealing to both young and old customers very well. Working Capital is likely to rise to about 1.9 B in 2020, whereas Average Assets are likely to drop slightly above 6.5 B in 2020. How To Write An Outline (Explained with Steps). Your email address will not be published. According to Lock (2020) it has approximately 14.88 thousand stores in the country. It is usually packed in loose tea bags and comes in different flavors and colors i.e. white tea and red tea. Last updated: Oct 10, 2020 Company: Starbucks CEO : Kevin Johnson Year founded : 1971 Headquarter : Seattle, USA Number of Employees (Sept 2019): 346,000 Type: Public Ticker Symbol: SBUX Market Cap (Oct 2020): $ 105.22 Billion Annual Revenue (Sept 2019) : $26.51 Billion Profit (Net income) (Sept 2019): $3.60 Billion By MADS Team / February 28, 2019 / 0 Comments. The top 10 competitors in Starbucks' competitive set are Costa Coffee, McDonald's, Dunkin' Donuts, CCD, Tim Hortons, Peet's, Caribou Coffee, Barista Coffee, Tullys, Luigi Lavazza S.p.A.. All other starbucks competitor have a combination of different products to offer. Tazo Company produces herbal tea. Costa Coffee is also probably the only Starbucks Competitor on this list which exclusively deals and promotes its coffee. Brown, N. (2019) Nearly Four of Every Five US Coffee Shops are Now Starbucks, Dunkin’ or JAB Brands, https://dailycoffeenews.com/2019/10/25/nearly-four-of-every-five-us-coffee-shops-are-now-starbucks-dunkin-or-jab-brands/ (accessed 10 August 2020), Caki, S. (2020) The economic impact of the coffee industry, available at: https://www.market-inspector.co.uk/blog/2019/09/uk-coffee-market (accessed 02 August 2020), Lock, S. (2020) Coffee chain market share in the U.S. as of October 2019, by number of stores, available at: https://www.statista.com/statistics/250166/market-share-of-major-us-coffee-shops/ (accessed 06 August 2020), Robinson, B. Starbucks has always maintained its competitive advantage by being the leader in product innovation. In terms of production, Dunkins produces 8% donuts, 65% drinks and 27% of other food items. He writes regularly online on a variety of topics. (2019) Starbucks-Luckin competition heats up, available at: http://www.chinadaily.com.cn/a/201905/01/WS5cc9b0c8a3104842260b97b4.html (accessed 01 August 2020), Starbucks Corporation (2020) Company Information, available at: https://www.starbucks.co.uk/about-us/company-information (accessed 10 August 2020). It operates in around 80 countries and territories and has over 31,000 stores. These coffee shops are famous for their personalized service and the friendly staff whom you know very well. • List of SBUX Competitors With net margin of 6.33 % company reported lower profitability than its competitors. McDonald’s also receives additional revenues from royalties, rent, and fees paid by franchisees. As of 2015, Starbucks' two biggest competitors are McDonald's and Dunkin' Donuts. Copyright ©2017 - 2025. Started in 1996 CCD is now a world brand with its initial investment capital estimated to be over160 million dollars. Starbucks for Life means the winner will receive a daily credit for 30 years for one free food or beverage item at participating Starbucks stores in the U.S. Other competitors of Starbucks are Pret A Manger (Europe) Ltd and Caffe Nero. As at the end of 2016, Costa Coffee’s net income was approximate £153 million with revenues exceeding £1.167 billion. Also enter your email address at the bottom of the site to ‘Join us’ free for our newly published articles and newsletters. In the whole world, it’s the second largest tea manufacturer. Therefore, except McDonald’s, which actually is more of a fast food chain than coffee selling chain, all other major competitors operate considerably smaller store networks. Wendy’s is a fast-food restaurant chain with more than 6,700 locations worldwide. … It operates in more than 35 countries with over 11,500 restaurants. An investment that cost a close to 40 million pounds. This coffee house not only specializes in coffee but food and other beverages as well. Here's all the Starbucks facts and stats you need to know including number of stores, employee counts, revenue totals and more. KFC is the world largest restaurant chain that specializes in fried chicken. Make sure you double-check all of Starbucks current market performance against the performance between 2010 and 2020 to make sure the company can sustain itself down the road. The competition will be whittled down by almost 50% on Thursday before heading into Friday, when the final 16 will battle it out in the nail-biting latte art throw-down. Some of its brands include green tea, flavored tea, masala chai, Ceylon tea, herbal infusions, iced tea et cetera. A number of coffee house chains are competing in India and giving Starbucks a very hard time. Its nearest competitor is Dunkin which has over 9.5 thousand stores. Companies in the sub-industry of "restaurants" are considered alternatives and competitors to Starbucks, including McDonald's (MCD), Chipotle Mexican Grill (CMG), Yum! Even though it started as a hamburger stand, its marketing techniques have propelled it to the global map. Starbucks annual revenue for 2019 was $26.509B, a 7.24% increase from 2018. Costa is planning to have 900 China stores by 2020. An average American coffee drinker consumes more than 2 cups of coffee per day. Costa. 15 Major Starbucks Competitors List & Indirect Competitors. By Staff Writer Last Updated Apr 5, 2020 7:51:15 PM ET. Cafes & coffee shops industry in the UK is expected to grow in the next few years, though the growth may be affected by the country’s exit from the European Union (EU) and economic lockdown. Currently, its food menu has expanded to include french-fries, salads, side dishes, coleslaws and soft drinks among others. 5) Independent Fast food chains & Bakeries, Indirect Starbucks Rivals in coffees alternative Segment. Its journey began in 1971 and it entered the European market in 1998 (Starbucks Corporation, 2020). Together they have raised over 11.1B between their estimated 625.3K employees. Net revenues: Company-operated stores $ 5,173.6 $ 5,480.1 (5.6 )% 83.4 % 81.2 % Licensed stores A large retail network with coffee shops and third-party retailers maximize brand exposure. 10 Best Smartphone Brands In The World. He has a keen interest in business, hospitality and tourism management. Tazo Tea sells because of its unique taste, aroma and medicinal qualities. Sep 27, 2020 . Sep 29, 2019 . Sep 27, 2020 . Required fields are marked *, Copyright © 2020 Marketing91 All Rights Reserved, 11 Starbucks Competitors – Competitions Analysis Of Starbucks, Top 20 OTC Brands or Over The Counter Drugs, Top 10 Adidas competitors - Adidas competitor analysis, Top 10 Fila Competitors - Competitor analysis of Fila, Top 10 Puma Competitors - Puma competitor analysis, Top 10 Reebok Competitors - Reebok competitor analysis, 11 Top Coca cola competitors - Competitor analysis of Coca cola, Top 9 Abercrombie and Fitch Competitors | Brand Analysis Hollister Competitor. Coffee market is extremely competitive in India. SEATTLE--(BUSINESS WIRE)--Starbucks Corporation (NASDAQ: SBUX) today reported financial results for its 13-week fiscal third quarter ended June 28, 2020.GAAP results in fiscal 2020 … Starbucks is the largest coffee house chain in the world. See insights on Starbucks including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. In the late 1960s, KFC hired a national advertising agent by the name ‘Leo Burnett’. It is followed by Dunkin that has 26% market share. Other relevant articles for you are: Competitors of McDonald’s (Competitor analysis of McDonald’s), Top 10 coffee-producing countries in the world. Some of its widely known products include Caffe Latte, espresso, Teavana tea products, fresh juices like Frappuccino and snacks including chips and crackers not to mention bottled coffee drinks, appetizers, wines and ice cream. 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