The US coffee demand has shown a general upward trend from 2014 to 2023, currently standing at 1.49 million metric tons. Notable peaks in growth include an increase of 2.38% in 2018 and a surge of 5.77% in 2021. However, the market experienced a contraction of 4.48% in 2020. Over the last five years, the compound annual growth rate (CAGR) has stabilized at 0.35%.
Looking forward, the forecast indicates a steady growth rate with a five-year CAGR of 0.39%, resulting in an anticipated demand of 1.52 million metric tons by 2028. This equates to a 1.95% total growth over the forecast period.
Future trends to watch for include potential shifts in consumer preferences towards specialty coffee, sustainability concerns driving more eco-friendly packaging, and technological advancements in coffee production and distribution methods.
Latest reports
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