Coffee Market In 2027

24 April 2021

 

Global Coffee Market Expected to Reach $28.8 Billion by 2027

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.

Pandemic hasn’t tempered coffee’s popularity

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.

Suez Blockage Puts Supply Constraints on Rainforest Alliance, UTZ Coffee

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.

An AI platform could be used to determine coffee quality

Demetria said its technology uses portable near-infra-red (NIR) sensors to analyze and fingerprint green coffee beans for biochemical markers.

 

 

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