Key Highlights
- The global coffee market was valued at approximately $102.15 billion in 2020
- Over 2 billion cups of coffee are consumed worldwide every day
- The United States is the largest coffee consumer, with about 86.9 liters per capita annually
- Vietnam is the second-largest coffee producer in the world after Brazil
- Brazil produces approximately 40% of the world's coffee
- The average coffee shop in the US makes about $350,000 to $600,000 annually
- The specialty coffee segment accounts for roughly 45% of the total coffee market share in the US
- Approximately 98% of coffee is consumed within 24 hours of roasting
- The global coffee production is around 10 million tons per year
- Coffee retail sales are projected to reach $146 billion globally in 2024
- About 80% of coffee produced worldwide is exported
- The price of Arabica coffee beans averaged around $2.50 per pound in 2022
- Robusta coffee beans are generally less expensive than Arabica, averaging about $1.50 per pound in 2022
Coffee’s bustling global industry, valued at over $102 billion in 2020 and fueling over 2 billion cups daily, continues to grow and evolve, reflecting its vital role in millions’ daily routines and economies worldwide.
Environmental and Social Responsibility
- The first coffee plants were discovered in Ethiopia in the 9th century
- Coffee waste makes up about 10% of the coffee production weight, which can be used for biofuel and other products
- The average lifespan of a coffee plant is around 20-25 years, depending on the variety and cultivation practices
- The percentage of women employed in coffee farming is approximately 30%, highlighting gender disparities in the industry
- The coffee industry invested over $1 billion globally in sustainability initiatives in 2022
- Sustainability certifications like Fair Trade and Rainforest Alliance are held by over 50% of the global coffee supply
- Coffee is the primary income source for over 25 million smallholder farmers worldwide
- The majority of coffee is grown within 15 degrees of the equator, in tropical regions suitable for coffee cultivation
- Coffee's environmental impact includes significant water usage, with about 140 liters needed to produce one cup of coffee
Environmental and Social Responsibility Interpretation
Industry Trends and Segmentation
- About 65% of coffee drinkers in the US prefer brewed coffee over espresso
- The number of coffee shops in the United States increased by about 10% between 2015 and 2021
- Specialty coffee shops have seen a growth rate of approximately 8% annually in the US since 2010
- The percentage of coffee consumed in cafés vs home in the US is roughly 60% in cafés and 40% at home
- The global coffee market is projected to grow at a CAGR of 4.6% from 2023 to 2028, driven by demand for premium and specialty coffees
Industry Trends and Segmentation Interpretation
Market Size and Consumption
- The global coffee market was valued at approximately $102.15 billion in 2020
- Over 2 billion cups of coffee are consumed worldwide every day
- The United States is the largest coffee consumer, with about 86.9 liters per capita annually
- The average coffee shop in the US makes about $350,000 to $600,000 annually
- The specialty coffee segment accounts for roughly 45% of the total coffee market share in the US
- Approximately 98% of coffee is consumed within 24 hours of roasting
- Coffee retail sales are projected to reach $146 billion globally in 2024
- The average annual coffee consumption per capita in Finland is approximately 12 kg, making it the highest in the world
- Coffee is considered the second most traded commodity in the world after petroleum
- The global organic coffee market was valued at approximately $350 million in 2020 and is projected to grow
- Coffee accounts for approximately 75% of all caffeine consumed
- In 2020, about 2.25 billion cups of coffee were consumed daily in Europe
- The coffee industry is expected to grow at a CAGR of around 4.22% through 2027
- The global consumption of decaffeinated coffee is estimated at about 3-5% of total coffee consumption
- Instant coffee accounts for roughly 30% of global coffee consumption
- The global demand for coffee packaging is expected to reach $3.9 billion by 2027, with a CAGR of 4.5%
- China’s coffee consumption grew by approximately 25% annually over the past five years, driven by younger demographics
- The global coffee retail market is expected to grow to around US$ 134 billion by 2026, with a CAGR of 4.2%
- The caffeine content of an average cup of brewed coffee is about 95 mg, but can vary from 70 to 140 mg
- The top five coffee-consuming countries include Finland, Norway, Iceland, Denmark, and the Netherlands, with per capita consumption above 9 kg
- The number of coffee shops globally is estimated to exceed 35,000 locations, illustrating the industry’s growth
- The US consumes around 400 million cups of coffee daily, which accounts for approximately 20% of the worldwide daily consumption
Market Size and Consumption Interpretation
Pricing and Economic Impact
- The price of Arabica coffee beans averaged around $2.50 per pound in 2022
- Robusta coffee beans are generally less expensive than Arabica, averaging about $1.50 per pound in 2022
- The global coffee industry provides employment for over 25 million people worldwide
- The average price for a cup of coffee at a specialty cafe in the US is roughly $3.00
- The average coffee farmer's income varies greatly but can be as low as $1 per day in some regions
- Brazil's coffee exports generate over $5 billion annually, making it the top exporting country
- The world's most expensive coffee, Kopi Luwak, can sell for up to $600 per kilogram
- The average coffee retail price in Europe is approximately €2.50 per cup, varying by country
Pricing and Economic Impact Interpretation
Production and Supply Chain
- Vietnam is the second-largest coffee producer in the world after Brazil
- Brazil produces approximately 40% of the world's coffee
- The global coffee production is around 10 million tons per year
- About 80% of coffee produced worldwide is exported
- Ethiopia is the largest coffee producer in Africa, with around 7 million bags produced annually
- The largest coffee-producing region in Brazil is Minas Gerais, responsible for about 70% of national production
- The average weight of a single shot of espresso is about 30 milliliters, or roughly 1 fluid ounce
- The percentage of coffee used in instant coffee production is approximately 30%, making it the largest segment in coffee consumption
- Nearly 80% of global coffee production is achieved through smallholder farms, emphasizing the importance of small-scale farming
Production and Supply Chain Interpretation
Sources & References
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