The specialty coffee industry is a rapidly growing sector of the global economy, with an estimated market size of $87.3 billion in 2019 and expected to grow at a CAGR of 10.1% between 2021 and 2028. In 2020, specialty coffee shops accounted for approximately 59% of overall coffee consumption in the United States alone, while Brazil was the largest producer of specialty grade coffee with 56% market share worldwide that same year. The US also had 37,200 locations dedicated to serving up quality cups o’ joe – more than any other country on Earth. Meanwhile Japan has the highest per capita consumption rate among Asian countries (3.6 kg/year), followed by Europe which holds 52% market share globally as well as Australia’s booming 20%-growth-in-five-years scene due to increasing consumer appreciation for quality brews; China too is experiencing 40%-annual growth since 2020 and Mexico saw its own 11.9%-CAGR through 2025 valued at $117 million last year – not bad. Colombia produced 47%, or almost half their total output in 2019 from speciality beans whilst Americans aged 18–24 reportedly consumed them daily 49%. Finally it costs around 4 bucks 24 cents stateside but we imported 3 point 7 million 60kg bags worth back home just last year. Phew. So there you have it: A comprehensive overview into some key statistics about today’s Specialty Coffee Industry – now go forth & caffeinate responsibly folks 😉
This statistic is a powerful indicator of the potential of the specialty coffee industry. It shows that the market is expected to experience significant growth over the next few years, indicating that now is the perfect time to invest in the industry. This could be a great opportunity for those looking to capitalize on the booming specialty coffee market.
In 2020, specialty coffee shops accounted for approximately 59% of overall coffee consumption in the United States.
This statistic is a powerful indicator of the growing popularity of specialty coffee in the United States. It shows that more and more people are turning to specialty coffee shops for their daily caffeine fix, and that the specialty coffee industry is thriving. This statistic is an important piece of information for anyone interested in the specialty coffee industry, as it provides insight into the current state of the market and the potential for growth.
Specialty Coffee Industry Statistics Overview
The United States has the highest number of specialty coffee shops in the world, with over 37,200 locations in 2020.
This statistic is a testament to the immense popularity of specialty coffee in the United States. It shows that the country is leading the way in the specialty coffee industry, with more shops than any other country in the world. This is a clear indication that specialty coffee is a booming business in the US, and that the industry is thriving.
In 2019, the specialty coffee industry generated $87.3 billion in revenue worldwide.
This statistic is a testament to the immense success of the specialty coffee industry. It shows that the industry has grown exponentially over the years and is now a major player in the global economy. This statistic is a great indicator of the potential for further growth and expansion in the specialty coffee industry, and it serves as a reminder of the importance of this industry in the global market.
Nearly 80% of worldwide specialty coffee sales take place in North America, Europe, and Asia-Pacific.
This statistic is a telling indication of the global specialty coffee market’s reach. It highlights the fact that the majority of specialty coffee sales occur in three major regions, indicating that the industry is highly concentrated in these areas. This is an important insight for anyone looking to gain a better understanding of the specialty coffee industry and its potential for growth.
In 2020, Brazil was the largest producer of specialty grade coffee, with a 56% market share.
This statistic is a testament to the power of Brazil’s specialty coffee industry. It highlights the country’s dominance in the specialty coffee market, with a staggering 56% market share. This statistic is a clear indication of the strength of Brazil’s specialty coffee industry and its importance to the global specialty coffee industry.
Japan has the largest per capita consumption of specialty coffee among Asian countries, at 3.6 kg per year.
This statistic is a testament to the popularity of specialty coffee in Japan, highlighting the country’s commitment to the craft of coffee-making. It also serves as a reminder of the potential for growth in the specialty coffee industry in other Asian countries, as Japan’s per capita consumption of specialty coffee is significantly higher than that of other countries in the region.
The average cost of a cup of specialty coffee in the United States is around $4.24.
This statistic is a key indicator of the Specialty Coffee Industry’s success. It shows that consumers are willing to pay a premium for quality coffee, which is a testament to the industry’s growth and popularity. Furthermore, it demonstrates that the industry is thriving and that specialty coffee is becoming increasingly accessible to the public.
In 2019, the United States imported roughly 3.7 million 60 kg bags of specialty green coffee.
This statistic is a testament to the growing popularity of specialty coffee in the United States. It shows that the demand for specialty coffee is increasing, and that the industry is thriving. This is great news for coffee lovers, as it means that they have more options to choose from when it comes to their coffee. It also shows that the specialty coffee industry is an important part of the US economy, as it is providing jobs and contributing to the country’s GDP.
Europe is the world’s largest specialty coffee market, with a 52% market share in 2019.
This statistic is a testament to the immense popularity of specialty coffee in Europe. It highlights the fact that the continent is the leading consumer of specialty coffee, with a majority of the global market share. This is significant for the specialty coffee industry, as it indicates that Europe is a key market for specialty coffee producers and retailers. Furthermore, it suggests that the industry has a strong foothold in the region, and that there is potential for further growth.
In 2020, the specialty coffee market in the United States was valued at approximately $35.9 billion.
This statistic is a testament to the immense growth of the specialty coffee market in the United States. It shows that the industry has seen a significant increase in value over the past few years, indicating that specialty coffee is becoming increasingly popular among consumers. This is an important piece of information for anyone interested in the specialty coffee industry, as it provides insight into the current state of the market and its potential for future growth.
In 2020, the specialty coffee industry employed over 1.61 million people in the United States.
This statistic is a powerful indicator of the impact the specialty coffee industry has had on the US economy. It shows that the industry has created a significant number of jobs, providing employment opportunities for millions of people. This is an important point to consider when discussing the specialty coffee industry, as it demonstrates the industry’s importance to the US economy.
In 2019, the United Kingdom saw a 4% growth in the number of specialty coffee venues.
This statistic is a testament to the increasing popularity of specialty coffee venues in the United Kingdom. It shows that the specialty coffee industry is growing and that more people are turning to specialty coffee for their daily caffeine fix. This is an important indicator of the health of the specialty coffee industry and provides insight into the current trends in the industry.
In 2019, revenues from coffee sales in Germany reached €3.8 billion, driven by a higher demand for specialty coffee.
This statistic is a testament to the growing popularity of specialty coffee in Germany. It shows that the demand for specialty coffee is on the rise, and that the industry is thriving. This is an important indicator of the health of the specialty coffee industry, and it is a great example of how the industry is growing and evolving.
Australia’s specialty coffee market has grown by 20% in the past five years due to increasing consumer appreciation for quality coffee.
This statistic is a testament to the growing popularity of specialty coffee in Australia, highlighting the increasing consumer appreciation for quality coffee. It is a clear indication that the specialty coffee industry is thriving and is a great example of the potential for growth in the sector. This statistic is an important piece of information for anyone interested in the specialty coffee industry, as it provides an insight into the current state of the market and the potential for further growth.
In 2020, the Mexican specialty coffee market was valued at $117.22 million, with a predicted CAGR of 11.9% through 2025.
This statistic is a testament to the booming specialty coffee industry in Mexico. It shows that the market is growing rapidly, with an impressive CAGR of 11.9% through 2025. This indicates that the specialty coffee industry in Mexico is a lucrative and promising sector, and one that is worth investing in.
In 2019, it was estimated that 47% of the Colombian coffee production was of specialty quality.
This statistic is a testament to the growth of the specialty coffee industry in Colombia. It shows that the country is producing more and more high-quality coffee, which is a positive sign for the industry as a whole. It also indicates that Colombian coffee is becoming increasingly sought after, as more and more people are looking for specialty coffee. This is great news for the specialty coffee industry, as it means that more people are becoming aware of the unique flavors and aromas that specialty coffee has to offer.
Conclusion
The specialty coffee industry is a rapidly growing market, with global revenues expected to reach $127.2 billion by 2028 and the United States leading the way in terms of both consumption and production. Specialty coffee shops account for 59% of overall US coffee consumption, while North America, Europe, and Asia-Pacific make up nearly 80% of worldwide sales. Brazil has the highest share of specialty grade beans at 56%, followed closely by Colombia’s 47%. Japan leads Asian countries in per capita consumption at 3.6 kg per year; meanwhile 49% of Americans aged 18-24 consume specialty beverages daily on average spending around $4.24 per cup. The European Union holds 52% market share globally while Australia’s demand for quality brews have seen their own local markets grow 20%. Finally China’s predicted 40% annual growth rate through 2023 shows that this trend will only continue to expand across all regions as consumer appreciation increases for high quality coffees from around the world
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