What is the future for coffee?
Global coffee industry projections: growth and opportunities the coffee industry is a rapidly growing market with a bright future ahead. According to market projections, the global coffee market size value is projected to reach $102. Cagr of 5. Coffee is one of the world’s most popular beverages. Brazil is the world’s top coffee producer, followed by vietnam and colombia. Indonesia and ethiopia round out the list of top five coffee producers.Situated in South America, Brazil is the top producer of coffee. They produce 2,68 million metric tons of coffee on average every year. Brazil has also held onto its first-place position as the world’s largest coffee producer for over 150 years.
Will coffee be gone by 2050?
But by 2050, rising temperatures could shrink the global area suitable for growing coffee by half. And at least 60 percent of all coffee species — including arabica, the most popular bean — are at risk of going extinct in the wild due to climate change, deforestation and disease. Climate Change and Crop Disruption Major coffee-producing countries such as Brazil and Vietnam have faced severe weather events, including historic droughts and erratic rainfall. These conditions have significantly reduced crop yields, pushing Arabica prices up by over 80% and Robusta by 92% year-on-year.