For many people, the first thing they think about when they get up in the morning is their cup of coffee. This trend has allowed coffee to become one of people’s favorite beverages regardless of occupation and in some places, age. As of 2015, coffee was the second most sort after commodity globally after crude oil. According to Business Insider the global coffee industry is estimated to be worth about £89 billion globally. Also, it is worth noting that at least 500 billion cups of coffee are consumed each year, 14 billion of which are espressos originating from Italy.
Suppliers vs Consumer Countries
In as much as developed countries have more significant numbers when it comes to coffee consumption, a considerable percentage of its production is tracked back to developing companies, mostly South America and African countries. The world’s biggest coffee importers include the UK, the US, Austria, Italy, France, Japan, Canada, Belgium, Germany, Spain and France.
A total of 50 countries grow coffee, that is, in Asia, South America, Africa, the Caribbean and Central America. 67% of the total production comes from American countries. The industry has been a source of livelihood for more than 20 million people globally, and it’s a source of at least 75% of America’s caffeine. This percentage significantly exceeds any other source of caffeine such as tea, energy drinks or soda.
The Origins of Coffee
Coffee is mostly obtained from three types of beans. These are Robusta, Arabica and green coffee. For a long time, it was more of Robusta and Arabica until people started being more mindful of healthy living when green coffee started showing significant growth of interest. Brazil is the largest green coffee producer in the world, while Indonesia, Ethiopia and Vietnam follow it closely.
Robusta is mostly produced in Central and Western Africa, Brazil and Southeast Asia. East Africa, Asia, Latin America and Arabia are the key producers of Arabica Coffee.
The rise of Niche Coffee Consumers and Consumption per Country
As of 2018 the overall growth of coffee was expected to drastically grow in Panama, Senegal, Kenya, the US and China as more niche coffee shops find their way around the community’s retail markets.
European countries are the most significant coffee consumers. The Netherlands is number one on the list with 260.4 liters per capita, followed by Finland, Canada, and Sweden. If you are a keen follower of the coffee markets, you probably have come across company names such as Kraft Heinz Inc., J.M. Smucker Company, Nestle S.A., Dunkin’ Donuts and Starbucks Corporation.
If all factors remained constant, the coffee industry should be able to grow thanks to urbanization which has led to an increase in coffee demand.