Coffee is as ubiquitous as water. Wherever you go, wherever you look, someone is enjoying a cup or two of their favorite caffeinated beverage.
This is not surprising, given that the global coffee market is a multi-billion dollar industry.
You might want to check out these 11 Things You Need To Know About The Coffee Industry.
Traders love coffee more than gold
With our dependence on energy, it would be safe to assume that the world’s most traded commodities are oil and gas. however, only two petroleum products are in the top five. Coffee ranks second behind crude oil and well ahead of natural gas, gold and wheat.
In 2019, the coffee industry was worth $ 102.15 billion. Experts claim that the global coffee market may reach $ 155 billion by 2026.
More than 25 million people work on the farms that supply the world with their coffee
The figure only represents those who work on small farms, producing 80 percent of the world’s annual coffee production. According to Fair trade organization, there may be up to 125 million people who depend on the coffee industry for their survival.
There are coffee producers in more than 50 countries in South America, Africa, the Caribbean, Central America and Asia. More than two-thirds of the world’s coffee production comes from the Americas.
People around the world drink over half a trillion cups of coffee a year
Tea fanatics can argue whatever they want, but coffee remains the favorite drink of almost 85% of adults around the world. Around the world, people consume more 500 billion cups different types of coffee drinks every year.
It is also essential to understand that coffee drinks are larger in size than their tea-based counterparts, except for an espresso. Most coffee drinkers consume about eight to ten ounces of coffee per serving, while a typical cup of tea contains only about six ounces.
Robusta and Arabica remain the main types of coffee beans
Baristas around the world are familiar with more than four types of coffee beans, including Arabica, Robusta, Liberica and Excelsa. However, the first two types of coffee already account for over 90 percent of global coffee consumption.
Seventy to seventy percent of the world’s coffee bean production is Arabica, favored for its delicate, sweet flavor. It is also more user-friendly for people with acid problems. Robusta is suitable for coffee drinkers who prefer a strong, bold flavor.
The Nordics are the world’s largest coffee consumers per capita
According to World Atlas, five of the top six coffee-consuming countries in the world per capita are from the Nordic region. In the lead, Finland, with a national average coffee consumption of 26.45 pounds per capita. Norway, Iceland, Denmark and Sweden are not far behind.
What is fascinating is that the numbers count the population of the country. If you remove the under 18 age group, coffee consumption in these Nordic countries will be higher.
Americans are the world’s undisputed coffee lovers
While the Nordics consume more coffee on the national average, no other country can surpass the United States in terms of coffee volume. Forty-five percent of the 1.4 billion coffee consumed daily in the world is found in the United States, which equates to 400 million cups per day.
Between 2019 and 2020, Americans bought more than 3.5 billion pounds or 1.75 million tonnes of coffee, or more than $ 5.5 billion.
Three quarters of caffeine consumption in America comes from coffee
Coffee isn’t the only item that contains caffeine. You can also get it from other food sources, including tea, sodas, chocolates and energy drinks.
However, over 75% of Americans get their caffeine from coffee alone. They find the unique flavors and exciting aromas of freshly ground coffee or a pulled espresso irreplaceable. No other food or drink that contains caffeine can offer such an experience.
More than two-thirds of American adults drink coffee every day
the National Coffee Association says 64% of adult Americans 18 and older consume coffee every day, with the highest rate among those 60 and over being 72%. These numbers highlight Americans’ love affair with coffee.
About 20% of American coffee drinkers purchase specialty drinks, such as lattes, mochas coffees, espressos, iced coffee, and cappuccinos. The average American can drink three to four cups of coffee a day.
Cafes are growing at a rapid pace
In 2019, there were 37,274 cafes spread across the contiguous United States. The number fell 0.6% the following year due to the global COVID-19 pandemic. Regardless, the number of coffee shops in the United States is growing by 7% every year.
You don’t need to look any further than Starbucks and the like famous coffee chains.
Starbucks has approximately 15,000 stores in the United States alone, making it the third-largest restaurant chain in the country.
Black Ivory, not Kopi Luwak, is the most expensive coffee in the world
A good quality Arabica coffee costs around $ 1.6 a pound, making it a favorite among average coffee drinkers around the world. However, coffee connoisseurs don’t limit their coffee drinking adventures to the ordinary. They only need the best, even if it means paying several hundred dollars a pound.
Most people know Kopi Luwak as the most expensive coffee, sold for around $ 600 a pound. However, Black Ivory from northern Thailand costs around 2.5 times the price of Kopi Luwak.
Developing countries produce 90% of the world’s coffee needs
Eighteen of the world’s top 20 coffee producing countries are developing countries, including Brazil, Vietnam, Colombia, Ethiopia, Honduras and Uganda. It underlines the dependence of these countries on agricultural products as the essential engine of their economy.
This figure also highlights the gap between producers and consumers. Rich countries consume a large majority of the coffee production of poor or less developed countries.
At the end of the line
The 11 things you need to know about the coffee industry only show one thing: coffee is here to stay. It doesn’t matter what others say about its jitter-inducing effects or its bittersweet taste. Coffee will always remain an essential element in the history and development of mankind.