Markets

Insider Trading

Hedge Funds

Retirement

Opinion

Top 20 Countries With The Highest Coffee Consumption

In this article, we will be covering the top 20 countries with the highest coffee consumption. If you are not interested in reading the details, feel free to skip to the Top 5 Countries With The Highest Coffee Consumption.

Coffee is a beloved beverage that fuels mornings, inspires conversations, and adds a delightful kick to daily routines worldwide. While its origins trace back to ancient times, today, coffee has become an integral part of numerous cultures, with some countries displaying a particular penchant for its consumption. These nations have cultivated a deep appreciation for coffee’s rich aromas and invigorating flavors, from bustling cafes to cozy kitchens.  

The global coffee market is a massive industry generating billions of dollars in revenue yearly. According to Expert Market Research, the global coffee market reached a valuation of around USD 126.38 billion in 2022, with a steady CAGR of 4.82% during 2018-2022. Looking ahead to 2023-2028, the coffee market is expected to grow at a remarkable CAGR of 6.7%. These figures highlight coffee’s enduring popularity and relentless demand.

Economic Impact of Coffee Consumption in Top Countries  

Coffee consumption has a significant impact on the economy of top countries. In addition to providing jobs for farmers, coffee shops, and roasters, the coffee industry generates revenue that supports local communities. According to recent studies, the top coffee-consuming countries have seen an increase in economic growth due to this industry.

For example, Dutch Bros Inc. (NYSE: BROS), one of the prominent coffee chains in the USA, plays a substantial role in the American coffee market. In 2015, the United States coffee industry made a significant contribution of over $225 billion to the economy and supported more than 1.6 million jobs. Currently, Dutch Bros Inc. (NYSE: BROS) has a market capitalization of $1.64 billion.

In 2022, Dutch Bros Inc. (NYSE: BROS) generated $739 million in revenue. When it comes to countries, in 2021, Brazil solidified its position as the global leader in coffee production, accounting for 40% of the world’s total output with 69.9 million bags. The undeniable economic impact of coffee consumption will continue to shape the global economy for years to come.

Demographics and Consumer Behavior Analysis 

In recent years, coffee has become an essential part of the daily routine for many people, especially millennials and Gen Z consumers. According to the latest research, the coffee industry is expected to grow significantly over the next few years, with an estimated global market value of $144.68 billion by 2025.  

The rising demand for coffee is mainly due to the changing preferences of consumers, who are increasingly looking for high-quality, ethically sourced, and sustainably produced coffee products. Demographically, the coffee industry caters to a diverse range of consumers, including age, income, education, and lifestyle. Younger consumers prefer specialty coffee drinks like lattes and cappuccinos, while older consumers may prefer traditional drip coffee.  

Additionally, consumers in urban areas are more likely to visit coffee shops and cafes, while consumers in rural areas may prefer to brew coffee at home. A recent study reveals that approximately 1 billion coffee enthusiasts worldwide consume a staggering 2 billion cups of coffee daily. However, most of the consumption happens in few countries on an overall basis like the US, but the county’s annual per capita consumption is comparitvely low, at just 8 pounds. Speaking of which, some countries that drink the least amount of coffee include Pakistan and Nepal, among others. 

Surprisingly, over 125 million coffee drinkers reside in the United States, with a significant portion enjoying their morning cup of joe. The study highlights that 90% of older individuals in the US have developed a strong habit of drinking coffee in the morning, while 70% of younger individuals aged 18 to 24 also partake in this caffeinated delight. 

Consumer behavior analysis is crucial for businesses in the coffee industry to remain competitive and relevant. Understanding consumers’ preferences, buying habits, and motivations can help companies develop effective marketing strategies, product offerings, and pricing models. 

Photo by nathan-dumlao-6VhPY27jdps-unsplash

Our Methodology 

Our methodology for ranking countries with the highest coffee consumption in 2022 involved sorting them in ascending order based on coffee consumed per capita. To ensure data accuracy, we extensively referenced reliable sources such as World Atlas and Hawaii Coffee, among others.

Here is our list of the top 20 countries with the highest coffee consumption.

20. Cyprus 

Coffee Consumption Per Capita (2022): 10.8 lbs 

Coffee is significant in Cypriot culture, surpassing even the famous ‘souvlaki’ dish. Despite its relative obscurity to foreigners, Cyprus is known for its exceptional coffee. Coffee breaks are integral to daily life, enjoyed both on the go and during leisurely cafe visits. The Coffee segment in Cyprus is expected to generate US$537.50 million in revenue in 2023, with a projected annual growth rate (CAGR) of 3.61% from 2023 to 2025.

Major international coffee chains like Starbucks Corporation (NASDAQ:SBUX), Costa Coffee, Caffé Nero, and Coffee Island have established themselves in Cyprus, solidifying their reputation as a thriving coffee culture hub. 

19. Croatia 

Coffee Consumption Per Capita (2022): 11.2 lbs  

Coffee holds an important place in the daily lives of Croatians, where enjoying a cup of coffee while socializing is a cherished tradition. “Let’s go for coffee” is commonly heard in Croatian conversations. The demand for coffee in the country has been steadily increasing since 2017, with an average year-on-year growth of 0.5%. By 2026, coffee consumption will reach nearly 22 thousand metric tons in the country. The coffee segment in Croatia is expected to generate a revenue of US$1.27 billion in 2023,  with an annual growth rate of 2.11% from 2023 to 2025. 

18. France  

Coffee Consumption Per Capita (2022): 11.9 lbs  

Coffee is exceptional in French culture, with 68% of the population being regular coffee drinkers. Among the French, Carte Noire is the most recognized brand. Carte Noire is known for its positive impression, perceived quality, and value for money. Nespresso and Nescafé also enjoy high brand recognition and perform well in appearance and perceived quality. The coffee market in France is expected to generate substantial revenue of US$13.84 billion in 2023, with a steady annual growth rate of 0.54% anticipated from 2023 to 2025. 

17. Greece 

Coffee Consumption Per Capita: 11.9 lbs  

Coffee is significant in Greek culture, with a strong tradition of enjoying this beverage. When Greeks visit cafeterias, their preferred types of coffee include espresso, Greek coffee, instant coffee, and filter coffee. Among the notable coffee brands, Nescafe is highly renowned in Greece. The country’s coffee market is expected to generate a revenue of US$4.43 billion in 2023, with a projected annual growth rate of 2.62% from 2023 to 2025. This combination of a wealthy coffee tradition, diverse preferences, and market growth highlights the importance of coffee in Greek society, making it one of the countries with highest coffee consumption.

16. Germany 

Coffee Consumption Per Capita (2022): 12.13 lbs 

In the German coffee market, competition is fierce, with dominant players holding significant market share. Nestle SA, JAB Holding Company, and Tchibo GmbH Coffee Company are the key players dominating the market. The Coffee segment in Germany is projected to generate a revenue of US$23.90 billion in 2023. The market is expected to experience a steady annual growth rate of 0.96% from 2023 to 2025. The German coffee market remains vibrant and dynamic, with established players and continuous market growth. 

15. Slovenia  

Coffee Consumption Per Capita (2022): 12.79 lbs 

Slovenians are known for their passion for coffee, potentially consuming Europe’s most caffeine. On average, each resident of Slovenia enjoys 12.79 lbs of coffee annually. In 2021, the country imported around 22,000 tons of coffee, with a significant portion sourced from Brazil. The Coffee segment in Slovenia is expected to generate a revenue of US$369.00 million in 2023, with a substantial projected annual growth rate of 4.83% from 2023 to 2025, highlighting the enduring love for coffee in the country. 

14. Brazil  

Coffee Consumption Per Capita (2022): 12.79 lbs  

Brazil has long been recognized as the world’s largest coffee producer, boasting a remarkable production of 58,211 60kg bags during the 2019-20 season. Starbucks Corporation (NASDAQ:SBUX) is among the notable coffee brands in Brazil. The country’s coffee market is anticipated to generate substantial revenue of US$41.28 billion in 2023, with a projected annual growth rate of 9.28% from 2023 to 2025. Brazil’s impressive coffee production and the market’s strong growth trajectory highlight the country’s influential position and achievements in the global coffee industry. 

13. Italy  

Coffee Consumption Per Capita (2022): 13 lbs  

Coffee is deeply ingrained in Italian culture, with Italians valuing high-quality coffee and showing loyalty to Italian brands. In 2022, Starbucks Corporation (NASDAQ:SBUX) introduced its first drive-thru in Italy by partnering with Percassi and the Q8 service station company. The Italian coffee market is competitive, with Nestle, Kimbo, and Lavazza among the key players. The coffee segment in Italy is expected to generate revenue of US$13.39 billion in 2023, with a steady annual growth rate of 2.54% projected for 2023-2025. These factors reflect the strong coffee culture and vibrant market in the country. 

12. Austria  

Coffee Consumption Per Capita (2022): 13.45 lbs  

Austria’s coffee culture, characterized by its traditional coffee houses known as Kaffeehäuser, attracts visitors from across Europe. Austrians have a strong affinity for coffee, consuming an average of 13.45 lbs annually. The coffee segment in the country is expected to generate a revenue of US$5.25 billion in 2023, with a projected annual growth rate of 4.25% from 2023 to 2025. These trends underscore the enduring popularity of coffee in Austria and its integral role in the country’s cultural identity. 

11. Bosnia And Herzegovina  

Coffee Consumption Per Capita (2022): 13.67 lbs  

Bosnian coffee, deeply rooted in history, has a significant cultural significance in Bosnia and Herzegovina. Introduced during the Ottoman Empire’s rule, it became a cherished tradition as a substitute for alcohol in Islamic customs. The projected growth in Bosnian coffee consumption is a modest 0.2% increase, reaching 24,370 metric tons by 2026. 

The coffee segment in Bosnia and Herzegovina is expected to generate a revenue of US$880.80 million in 2023, with an annual growth rate of 2.19% from 2023 to 2025. These trends reflect the enduring love for Bosnian coffee and its integral role in the region’s cultural heritage. 

10. Canada  

Coffee Consumption Per Capita (2022): 14.33 lbs 

Canadians have a strong affinity for coffee, who are consuming nearly 3 cups daily. Surprisingly, only a tiny percentage of young adults aged 18 to 24 regularly drink coffee. Tim Hortons and Starbucks are Canada’s leading coffee brands for home brewing. Many Canadians allocate a moderate budget of CAD$10 to CAD$20 for their coffee expenses.

The coffee segment in Canada is expected to generate substantial revenue of US$28.80 billion in 2023, and the market is projected to experience strong growth with an annual rate of 5.19% from 2023 to 2025. These statistics highlight the enduring popularity of coffee among Canadians and the promising prospects for the coffee industry in the country. 

9. Luxembourg 

Coffee Consumption Per Capita (2022): 14.33 lbs 

Luxembourg’s coffee culture is impressive, with an average consumption of 14.33 lbs (6.5 kg) per person annually. Coffee shops in Luxembourg City offer a diverse range of options, including unique espresso drinks like “lait Russe” and “café gourmand.” The country’s coffee eCommerce market is set to reach US$36.6 million by 2023, capturing 95.3% of the hot drinks eCommerce market. The anticipated growth is high, with a projected CAGR of 14.6% from 2023 to 2027, highlighting coffee’s significance in Luxembourg’s culture and the thriving eCommerce market. 

8. Belgium  

Coffee Consumption Per Capita (2022): 15 lbs  

Belgium has a rich coffee culture that goes beyond simply consuming the beverage. The country’s coffee lounges attract customers throughout the day and serve as centers for meaningful conversations and transformative experiences. Although coffee consumption in Belgium is expected to decrease by 1.4% annually, reaching around 48 thousand metric tons by 2026, the importance of coffee in Belgian culture remains strong. There has been a steady decline of 1.9% per year since 2017.

However, the Belgian coffee eCommerce market is showing promising growth and is projected to reach US$23.1 million by 2023, highlighting the significant role of coffee in Belgian culture and the exciting potential of the online coffee market in the country. 

7. Switzerland  

Coffee Consumption Per Capita (2022): 17.42 lbs  

In Switzerland, drinking coffee is a cherished social activity, with a preference for espresso-based drinks like the “caffè crema.” Despite the higher cost, the average Swiss enjoys three cups of coffee daily. The Coffee segment in Switzerland is projected to generate revenue of US$3.71 billion in 2023, with steady growth expected at an annual rate of 1.90% from 2023 to 2025, highlighting the cultural and economic significance of coffee in Switzerland. 

6. Sweden  

Coffee Consumption Per Capita (2022): 18 lbs  

In Sweden, coffee is deeply ingrained in the culture, with the tradition of “fika” representing a cherished break for coffee, cakes, and conversations. Despite a modest daily consumption of 1.8 cups per person, Swedes consume 18 pounds of coffee annually, spending approximately nine hours indulging in this beloved ritual. The Coffee segment in Sweden is set to generate substantial revenue of US$8.34 billion in 2023, highlighting the enduring love for coffee and the thriving market in the country. 

Click to see and continue reading the Top 5 Countries With The Highest Coffee Consumption.

Suggested Articles:

Disclosure. None: The Top 20 Countries With The Highest Coffee Consumption is originally published on Insider Monkey.

AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

The whispers are turning into roars.

Artificial intelligence isn’t science fiction anymore.

It’s the revolution reshaping every industry on the planet.

From driverless cars to medical breakthroughs, AI is on the cusp of a global explosion, and savvy investors stand to reap the rewards.

Here’s why this is the prime moment to jump on the AI bandwagon:

Exponential Growth on the Horizon: Forget linear growth – AI is poised for a hockey stick trajectory.

Imagine every sector, from healthcare to finance, infused with superhuman intelligence.

We’re talking disease prediction, hyper-personalized marketing, and automated logistics that streamline everything.

This isn’t a maybe – it’s an inevitability.

Early investors will be the ones positioned to ride the wave of this technological tsunami.

Ground Floor Opportunity: Remember the early days of the internet?

Those who saw the potential of tech giants back then are sitting pretty today.

AI is at a similar inflection point.

We’re not talking about established players – we’re talking about nimble startups with groundbreaking ideas and the potential to become the next Google or Amazon.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

So, buckle up and get ready for the ride of your investment life!

Act Now and Unlock a Potential 10,000% Return: This AI Stock is a Diamond in the Rough (But Our Help is Key!)

The AI revolution is upon us, and savvy investors stand to make a fortune.

But with so many choices, how do you find the hidden gem – the company poised for explosive growth?

That’s where our expertise comes in.

We’ve got the answer, but there’s a twist…

Imagine an AI company so groundbreaking, so far ahead of the curve, that even if its stock price quadrupled today, it would still be considered ridiculously cheap.

That’s the potential you’re looking at. This isn’t just about a decent return – we’re talking about a 10,000% gain over the next decade!

Our research team has identified a hidden gem – an AI company with cutting-edge technology, massive potential, and a current stock price that screams opportunity.

This company boasts the most advanced technology in the AI sector, putting them leagues ahead of competitors.

It’s like having a race car on a go-kart track.

They have a strong possibility of cornering entire markets, becoming the undisputed leader in their field.

Here’s the catch (it’s a good one): To uncover this sleeping giant, you’ll need our exclusive intel.

We want to make sure none of our valued readers miss out on this groundbreaking opportunity!

That’s why we’re slashing the price of our Premium Readership Newsletter by a whopping 70%.

For a ridiculously low price of just $29, you can unlock a year’s worth of in-depth investment research and exclusive insights – that’s less than a single restaurant meal!

Here’s why this is a deal you can’t afford to pass up:

• Access to our Detailed Report on this Game-Changing AI Stock: Our in-depth report dives deep into our #1 AI stock’s groundbreaking technology and massive growth potential.

• 11 New Issues of Our Premium Readership Newsletter: You will also receive 11 new issues and at least one new stock pick per month from our monthly newsletter’s portfolio over the next 12 months. These stocks are handpicked by our research director, Dr. Inan Dogan.

• One free upcoming issue of our 70+ page Quarterly Newsletter: A value of $149

• Bonus Reports: Premium access to members-only fund manager video interviews

• Ad-Free Browsing: Enjoy a year of investment research free from distracting banner and pop-up ads, allowing you to focus on uncovering the next big opportunity.

• 30-Day Money-Back Guarantee:  If you’re not absolutely satisfied with our service, we’ll provide a full refund within 30 days, no questions asked.

 

Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $29.

2. Enjoy a year of ad-free browsing, exclusive access to our in-depth report on the revolutionary AI company, and the upcoming issues of our Premium Readership Newsletter over the next 12 months.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a year later!

A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

That’s why Marc’s work appears in every Bloomberg and Reuters terminal on the planet…

And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…