The global coffee market has fundamentally changed in the post-Covid environment. The industry is seeing historical levels of demand globally, with many of the Covid-related trends affecting the industry. Inflationary pressures, from the cost of raw materials to labour costs, will remain elevated despite easing from 2022 and 2023 highs. However, coffee has become a larger part of the average consumer’s spending allocation and is quickly evolving into more of a recreational product, away from its historical functional uses. Additionally, we’re seeing strong organic growth from emerging market consumers, where coffee spending is developing around local tastes and preferences.
As a result, we have built a coffee spending Risk/Reward Index to quantify and identify where the growth opportunities will be for the coffee industry over the next five years. This special report draws on the findings of the index to profile these key markets: Mainland China, Poland, Mexico, Saudi Arabia, and South Africa.
Key topics covered in the report include:
Global Coffee Spending 2023 Trends And Developments
Mainland China: Largest Global Market Still Has Room For Growth In Specialty Coffee
Poland: Income Growth To Drive Coffee Trends
Mexico: Vibrant Domestic Coffee Market Supported By Tourism Links
Saudi Arabia: Young Demographics, Growing Coffee Culture And Government Support
South Africa: The Leading Regional Market In Sub Saharan Africa
