Specialty Coffee Industry Statistics

Specialty Coffee Industry

There are many specialty coffee industry statistics available. These can give you a good idea of what the market is like in different countries. The global coffee trade recognizes two major markets: the coffee bean market and the specialty coffee market. Both markets have distinct characteristics that make them unique. These factors combine to make the specialty coffee industry a lucrative one. The market in Europe is growing at a rapid pace, and the specialty coffee market in Europe is a great opportunity for high-quality coffee suppliers.

The speciality coffee industry is increasingly mainstream. Many large European coffee companies are diversifying their portfolios with the acquisition of specialty coffee roasters. Benecke Coffee and Olam Specialty Coffee are two examples. Benecke Coffee is another large company that has expanded its portfolio into the specialty coffee market. Volcafe is a coffee that contains caffeine, and Sucafina is a beverage that contains the artificial stimulant, guarana. Some mainstream companies have also bought small specialised roasters, including Nestle’s Blue Bottle. JAB Holdings and Stumptown Coffee Roasters are other examples of large companies investing in this niche.

Millennials are driving the specialty coffee industry. Compared to previous generations, millennials spend more on quality coffee. They are also more likely to drink it outside the home and spend more money on it. Millennials also have more discerning tastes than any other generation. They tend to choose unique drinks that are not available at home. Moreover, millennials are also more likely to spend more money on coffee than any other generation. In addition, they will spend more money on specialty coffee than any other generation.

Specialty Coffee Industry Statistics

While the U.S. market is relatively large, it is relatively small in China. Compared to the US and NZ, Chinese coffee consumption is much lower than the other two markets. According to a recent report by eMarketer, the U.K. market for specialty coffee is projected to grow at an 11.6% CAGR over the next five years. So, why wait any longer? Get started today. cunoaște the World’s Most Important Specialty Coffee Industry Statistics

NCA’s latest report, Spring 2022 National Data Trends, reflects the most comprehensive research in the coffee industry. According to NCA polling, 66% of Americans drink coffee on a daily basis. These statistics are more than double the figures of last year. In fact, coffee is now the preferred beverage over water, juice, and soda. And while these statistics may not seem surprising, they are nonetheless important to coffee makers.

In Europe, the market for specialty coffee outlets grew by 3.4% in 2019, and there are now nearly 38 thousand outlets in the continent. Starbucks, Costa Coffee, and McCafe were the leading branded coffee shops in the region. While these large companies don’t typically serve specialty coffee products, they do set a trend for consumers to buy coffee out of the house. This spills over into smaller specialised coffee shops. So, what’s next?