Forecast: Concentrated Coffee Sales in the US

The concentrated coffee market in the US has seen fluctuations over the past decade, with values peaking and troughing. Actual sales data from 2013 to 2023 shows an initial decline from 2013 to 2016, followed by a period of relative stability and slow growth. Specifically, the sales in 2023 stood at $626.71 million, marking a slight increase of 0.47% from the previous year. The Compound Annual Growth Rate (CAGR) over the last five years leading up to 2023 was 0.5%, indicating modest growth.

Future forecasted data from 2024 to 2028 suggest continued slow growth with incremental increases year-on-year. The forecasted CAGR for the next five years is 0.38%, indicating steady but minimal growth. The overall forecasted growth rate over this period is anticipated to be 1.93%.

The primary future trends to watch for include potential shifts in consumer preferences, the impact of emerging coffee consumption trends such as cold brew and specialty coffees, and economic factors that may affect consumer spending on premium coffee products.