In 2023, coffee consumption in the US was 28.4 million units (bags of 60 kg). Forecasts for the upcoming years indicate a steady growth: 28.8 million units in 2024, 29.2 million units in 2025, 29.58 million units in 2026, 29.96 million units in 2027, and 30.33 million units in 2028. This represents a year-on-year increase of approximately 1.4% to 1.6%.
From 2023 to 2024, the increase is around 1.4%, while each subsequent year sees a similar percentage rise, indicating a stable growth trajectory. Over the past two years, the average annual growth rate (CAGR) stands at around 1.5%.
Future trends to watch for include:
- Shifting consumer preferences toward specialty coffees and sustainable options.
- Technological advancements in coffee brewing and preparation methods.
- Economic factors such as disposable income influencing consumer spending on coffee products.
- Potential impacts from climate change on coffee bean harvests and supply chain logistics.