As per the research findings worldwide coffee market is expected to be valued at US$ 24.2 Billion by 2020. According to this research, the Global Coffee Market is expected to grow with a CAGR of nearly 2.52% and reach US$ 28.8 Billion by 2027.
In a recent report, NCA highlighted how the average American coffee drinker drinks over three cups of coffee per day. The coffee and beverage industry has seen a lot of changes over the last few years, and even more so due to the coronavirus pandemic, leading to the adaptation of new trends.
The Suez Canal was blocked from 23 March to 29 March. Last month's blockage of Egypt's Suez Canal has led to supply constraints for some Rainforest Alliance- and UTZ-certified coffee brands, a leading manufacturer has said.
