In this article, we will be covering the top 5 countries with the highest coffee consumption. If you wish to read the details, head straight to the Top 20 Countries With The Highest Coffee Consumption.
5. Netherlands
Coffee Consumption Per Capita (2022): 18.52 lbs
The Netherlands played a crucial role in cultivating Indonesian coffee, which has helped establish Indonesia as a major global exporter. During the 1600s, the Dutch bypassed export restrictions by importing tax-free coffee from their Indonesian colonies when Yemen blocked European exports. Today, filter coffee remains popular in the Netherlands, further fueling their love for this beverage.
The country’s coffee market is expected to reach $13.12 billion by 2025, demonstrating a projected compound annual growth rate (CAGR) of 3.84% from 2020 to 2025. These factors emphasize the enduring passion for coffee in the Netherlands and the promising growth opportunities within its market.
4. Denmark
Coffee Consumption Per Capita (2022): 19.18 lbs
Denmark treasures the “kaffeslabberas” tradition, where coffee and cake are shared informally. Danish coffee consumption is expected to decline slightly to 36,500 metric tons by 2026, down from 39,000 metric tons in 2021. Since 2017, there has been a yearly 0.8% decrease in coffee demand. These cultural customs and consumption trends highlight the importance of coffee in Danish social gatherings and the evolving dynamics of coffee consumption in the country, making it one of the countries with highest coffee intake.
3. Iceland
Coffee Consumption Per Capita (2022): 19.84 lbs
In Iceland, coffee holds a special place as a comforting beverage in cold climates. The Icelandic Coffee eCommerce market is predicted to reach US$20.1 million by 2023, representing a dominant share of the Hot Drinks eCommerce market. The market shows promising growth potential with a projected CAGR of 18.4% from 2023 to 2027. These trends reflect the strong coffee culture in Iceland and the optimistic outlook for the coffee eCommerce industry in the country.
2. Norway
Coffee Consumption Per Capita (2022): 21.82 lbs
Norway ranks closely behind Finland in coffee consumption, with an average person consuming three cups daily and some consuming even more. The popularity of coffee in the country is attributed to the colder climate, providing a comforting and warming experience. The Norwegian coffee market is expected to generate revenue of US$4.26 billion in 2023 and is projected to grow at a rate of 2.03% annually from 2023 to 2025. These figures underscore the cultural significance of coffee in Norway and the promising future of the coffee market in the country.
1. Finland
Coffee Consumption Per Capita (2022): 26.45 lbs
Finns deeply love coffee, with a national average consumption of 26.45 lbs (12 kg) per capita. If children are excluded, the average would be even higher. The Coffee segment in Finland is expected to generate revenue of US$2.15 billion in 2023, and the market is projected to grow steadily at an annual rate of 2.10% from 2023 to 2025.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and investors. Please subscribe to our daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a peak at the 20 Countries With The Highest Sugar Consumption and the 14 Biggest Radio Companies In The US.
