Starbucks is one of the most famous coffee companies founded in 1971 in the USA. Main headquarters are at 2401 Utah Avenue South, Seattle, Washington, United States.
The CEO of Starbucks is Howard Schultz. As per data before 2016, in more than 23,500 places, a total of 240,000 employees are working in Starbucks. Their net worth is $2.80 billion and more than that, and there are assets totaling $12.5 billion.
Starbucks is famous for its ‘second wave coffee‘ and their best customer service with their particular espresso machine by which they make their delicious coffees.
Here are Starbucks Main Competitors:
Costa Coffee
After Starbucks, Costa is the second-largest coffee company, founded in 1971 in London, England. The Founders of Costa are Sergio Costa, and their main headquarters are in Dunstable, Bedfordshire, England.
Costa has 3000 branches throughout 30 different countries, with 2000 and more main stores in the U.K.
When they moved their coffee roaster to Essex and after investing 40 million pounds, they got more capacity for roasting coffee beans. As per 2016 reports, their total net income is £1.168 billion.
McCafe
McCafe is one of the most famous and formidable competitors of Starbucks. It was founded in 1993 by Charlie Bell and James Skinner in Melbourne, Victoria, Australia.
McCafe is the biggest Starbucks competitor and alternative, As the brand has a firm hold on this expanding target demographic.
After the success of McDonald’s, it started with its cafe, and it was the most terrific turning point in gaining more profit.
They have more than 4,500 outlets with their earns $1.4 billion. To continue their taste, they have also upgraded their machinery. Currently, McCafe is one of the top cafes in New Zealand.
Dunkin Donuts
Dunkin Donuts is a sweet company known for its coffee house. It was founded in 1950 in Quincy, Massachusetts, U.S. Bill Rosenberg is the founder of Dunkin Donuts. Their overall revenue is US$1.370 billion.
They have more than 11,500 branches in more than 35 different countries. During 2010 they sold their products up to 6 billion, which increased in 2016 by US$828.9. Overall they sold eight percent of sweets, mainly doughnuts and 65% of beverages, and 27% of other food items.
Tazo
Tazo is mainly a tea company that serves different varieties of tea and herbal tea. Tazo was founded in 1994 in Portland, Oregon, and Steven Smith is the founder of Tazo.
The headquarters are situated in Kent, Washington, United States. Tazo is famous for the unique smell and taste of its herbal tea.
In 2010 its revenue was $1.3, and they have 17,000 branches in more than 46 different countries. It was first purchased by Starbucks and later sold to Unilever.
Say hello to TAZO Regenerative! ?A relaunch of four of our original blends, now made with ingredients grown through regenerative agriculture practices (aka, better for the people that grow our tea and the land where it’s grown) ? pic.twitter.com/XF3YrbdFw8
— TAZO (@Tazo) August 12, 2022
Tim Hortons
Tim Hortons is introducing new reusable drinkware that will be available for purchase in restaurants starting this summer. (CNW Group/Tim Hortons)
Tim Hortons, generally known as Timmies, is one of the fast-food industries of Canada. Tim Horton was founded in 1964 by Tim Horton and Jim Charade.
Tim Hortons is the toughest competitor of Starbucks.
The brand value of Tim Horton’s is $4.5 billion. Their headquarters are situated in Toronto, Ontario, Canada.
Their branches are currently present in 13 more countries with 4,600 stores. Tim Horton sells their coffee at very low and at a cheaper rate.
Lavazza
Lavazza is a coffee retailer which was founded in the year 1895 by Luigi Lavazza. Their headquarters are situated in Turin, Italy, and the overall net worth of Lavazza is €2.2 billion. They have a market share with sales of 36%, with 3,800 employees currently working.
In the past few years, they have expanded its brand in the United States of America. They sell and offer pre-ground coffee from which Moka pot brewing is made.
In the United Kingdom, many workers are attracted to the Lavazza Blue Professional capsule system.
Folgers Coffee
Folgers Coffee produces single-use pod coffee. It was founded in 1850 and is a part of The J.M Smucker Company.
They sell ground coffee which is a challenging process, and customers here get cheaper coffee of good quality.
Folgers are known for their excellent taste and for selling for years, mainly in daily life. In 2020 their products will reach 1.3 million families, and their sales will increase by 14% in September 2020.
Take a look back at the hottest views from this summer’s Voodoo Threauxdown tour with @tromboneshorty. #DamnRightItsFolgers pic.twitter.com/mXSrF6jdWM
— Folgers (@Folgers) September 12, 2022
The Coffee Bean and Tea Leaf
The Coffee Bean and Tea Leaf is a coffee shop founded in 1963 in Los Angeles, America. Herbert B. Hyman and Mona Hyman are the official founders of The Coffee Bean.
Their turnover is $500 million+ USD. In 2019 they had 1,000 branches in more than 31 countries.
The company also sells Kosher and halal, but in 2019, Jollibee Foods and Corporation purchased the company for approximately $350 million.
? Hump Day just got cooler ☀️❄️ Beat the heat during “Be Happy” Hour starting at 3pm. $1 off any refreshing Ice Blended drink (avail weekly Mon-Thurs thru 9/15). pic.twitter.com/G95kSAYmHM
— The Coffee Bean (@TheCoffeeBean) August 31, 2022
Caribou Coffee
Caribou Coffee is an American coffee company founded in 1992 in Edina, Minnesota, in the United Kingdom. In 2012 it held a value of $340 million.
Its headquarters are in Brooklyn, central Minnesota, U.S. Caribou Coffee has been placed in more than ten countries.
Caribou Coffee is famous for providing delivery of magic during their workers’ holidays. In 2020 Caribou Coffee merged with Panera Bread and Einstein Bros.
Peet’s Coffee
They were founded in 1966 in Berkeley, California, by Alfred Peet. Peet’s coffee is the distributor that supplies coffee to companies and businesses.
Their specialty is that their beans are very dark and intense. From 2012, Peet’s Coffee had increased its net worth by 14%, and in 2019, its profit doubled as usual, up to $983 million. In the last few years, their shares have also increased from 7.7% to 9.9%.
Direct and indirect Starbucks competitors include the top-selling tea brands.
Dutch Bros
The Foundation of Dutch Bros was laid in 1992 in Grants Pass, Oregon, by Dane Boersma and Travis Boersma. Dutch Bros are famous for their taste and varieties.
They have started a Coffeehouse for all the students and youngsters who are coffee lovers. They have 538 different stores in 12 other states, and its total revenue is US$12.9 million.
At every Coffeehouse, there is a variety of colors and decorations to attract customers. They sell over 15 different types of coffee at every branch with other names and colors.
Our Summer drinks are a sweet escape ☀️ pic.twitter.com/TgFUmzpoYB
— Dutch Bros Coffee (@DutchBros) May 18, 2021
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