Global coffee consumption 2012/13-2023/4
Coffee is one of the most widely consumed beverages in the world. In 2023/24, approximately 177 million 60 kilogram bags of coffee were consumed worldwide, a slight increase from about 173 million bags in the previous year.
Coffee Brewing Innovations
The coffee industry is regularly coming up with innovative new methods for brewing coffee and serving it. Single cup brewers are a relatively new innovation which offer a quick and mess-free coffee brewing method for when one only wants a single cup of coffee without the hassle of brewing an entire pot.
Cold Brew Coffee
Cold brew coffee is made by leaving coffee to brew in cold or room temperature water for 12 to 24 hours and results in a mellower, less acidic tasting coffee. It has become a popular menu item at coffee shops and cafes, but it also easy to make at home. The market for cold brew coffee was valued at 321 million U.S. dollars in 2017, and is expected to reach a staggering 1.37 billion U.S. dollars in market value by 2023.
