What is the coffee market outlook for 2024?
The global coffee market size was estimated at USD 245. USD 381. CAGR of 4. Brazil is the largest coffee producing country in the world, accounting for over 39% of global coffee production. The country is known for its high-quality Arabica beans, which are grown in the states of Minas Gerais, Sao Paulo, and Parana. On average, Brazil produces 2.Brazil is the strongest powerhouse in the list of coffee output nations, producing on its own nearly 40% of the world’s supply, thanks to a conducive climate perfectly suiting coffee farming that is possible to find in many areas of the country.This shortage has impacted farmers, traders, and coffee lovers worldwide. Moreover, this shortage has also raised other concerns such as coffee prices. In 2024, global coffee prices surged by 147%, with premium Arabica beans reaching USD 3. USD 5,200 per metric ton.Coffee prices ebb and flow according to supply and demand, as they do for other commodities. Extreme weather in major producers like Brazil and Vietnam crimped supply, pushing up prices.
What is the coffee survey for 2024?
NCA’s Spring 2024 National Coffee Data Trends (NCDT) report reveals that 67% of American adults had coffee in the past day (more than any other beverage, including tap or bottled water), compared to 49% in 2004. American adults have had coffee in the past week, up by 4% since the Spring 2023 NCDT. Millennials in particular are seeking new flavors, new formats, new textures and new sensory thrills. Between 2008 and 2016, consumption of gourmet coffee rose 23% among 18-39 year olds. Another influential trend, cold brew coffee, has seen sales skyrocket by 580% over the past five years.Millennials (Born 1981-1996) Millennials have been at the forefront of the specialty coffee movement. The NCA report shows that 62% of Millennials consume coffee daily [1].While older generations primarily stick to black coffee and traditional milk-based beverages, Gen Z consumers are opting for cold coffee, which serves as the ideal canvas for customisation, creativity, and self-expression.
What are the top 5 popular coffees?
The five most popular coffee drinks around the world are cappuccino, espresso, black coffee, americano and mocha. They’re popular in multiple regions including Europe, North America, Africa, South America, Asia and the Caribbean. Black coffee is arguably the most common type of coffee drink out there. Its popularity can be mainly attributed to how easy it is to make this beverage, be it drip, pour-over, French press, or anything else. Black coffee is usually served with no add-ins.The five most popular coffee drinks around the world are cappuccino, espresso, black coffee, americano and mocha. They’re popular in multiple regions including Europe, North America, Africa, South America, Asia and the Caribbean.
What is the biggest problem in the coffee industry?
Climate change, climate change, climate change, is the top problem facing coffee-producing regions, says Sara Morrocchi, the founder and CEO of Vuna, a company that does coffee consulting and education. She works with farmers who face rising temperatures, erratic rainfall patterns, floods and droughts. In 2024, world coffee prices increased 38. In Vietnam, for instance, which grows most of the world’s Robusta beans, drought caused a 20% drop in coffee production in 2023 and 2024, with exports falling by 10% for two years in a row.Severe droughts and erratic rainfall in Brazil and Vietnam have triggered a supply crunch, while weather unpredictability has destabilised entire supply chains, both of which continue to pressure the coffee sector in 2025.