Forecast: Coffee Market Size Volume in North America

The coffee market size volume in North America showed consistent growth from 2014 to 2023, reaching 1.74 million metric tons in 2023. The market exhibited variable year-on-year growth, with notable fluctuations such as a drop in 2020 (-4.61%) due to global disruptions, followed by recovery in 2021 (5.69%). The 5-year CAGR leading to 2023 stood at 0.29%, indicating a modest yet stable market growth.

Future predictions, starting from 2024, indicate a continued steady growth in the coffee market. The volume is expected to reach 1.77 million metric tons by 2028 with a forecasted 5-year CAGR of 0.31% and overall 5-year growth of 1.55%. Key trends to monitor include:

  • Innovations in coffee products and brewing methods
  • Impact of sustainability and ethical sourcing on consumer preferences
  • Potential economic factors affecting disposable incomes and coffee consumption patterns

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