Forecast: Coffee Consumption in the US

As of 2023, coffee consumption in the US stood at approximately 3.55 billion pounds. Forecasts indicate a steady increase in coffee consumption, rising to 3.6 billion pounds in 2024 and further reaching 3.74 billion pounds by 2028. This represents a consistent year-on-year growth rate between 1% to 1.1%. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is projected at approximately 1.06%.

Future trends to watch include the impact of sustainability on purchasing decisions, enhanced coffee varieties appealing to diverse consumer preferences, and potential shifts due to economic factors affecting discretionary spending on specialty coffee products.