United States Coffee Market Definition
The U.S. coffee industry is responsible for nearly 1.7 million American jobs and $225 billion of national Gross Domestic Product but is almost entirely dependent on overseas coffee production. The United States is a significant player in the global coffee market, with an average coffee consumption of about three cups daily. This high demand for coffee is evident in various settings such as train stations, airports, and offices, making the US one of the major territories in the region. The millennial population drives the coffee boom. Our report shows that the average coffee consumption of a US millennial is 3.6 kg per person. Millennials in USA are willing to pay for high-quality coffee, transforming coffee shops into social gathering places.The coffee market in the United States is growing rapidly due to changing consumer lifestyles. Coffee chains are becoming more popular as they cater to busy, on-the-go coffee enthusiasts. The increasing working youth population in the US contributes to this market growth. According to the National Coffee Association data from 2022, about 50% of people who purchase coffee outside their homes prefer takeaway. This data suggests an increasing trend in out-of-home coffee consumption culture, indicating potential market growth in the coming years.
American consumers prioritize premium products, especially when it comes to their daily coffee. This leads them to favor high-quality coffeehouses. Consistency in coffee quality has become a pivotal factor for repeat visits. Additionally, adopting machine-based food processing units is expected to enhance the country's coffee production. Instant coffee products, such as ready-to-drink and ready-to-mix, are being retailed across the market. As coffee is frequently consumed across the country, consumers prefer instant coffee products as they require less preparation time.
While the coffee industry is booming in the United States, many Central American farmers face a different reality. Despite producing soft Arabica beans for the world's best soils, these farmers often find coffee farming unrewarding. This situation has led to many of them giving up and becoming part of the broader stream of immigrants to the US-Mexico border. As a result, coffee production is shifting to the United States. According to the NCA’s 2024 NCDT report, 75% of American adults drank coffee in the past week - an increase of 4% since the spring 2023 report. Interestingly, consumption increased the most (by 9%) among consumers aged 60 and over, while people aged between 25 and 59 reported a 4.5% rise in the number of times they drank coffee in a week. For those aged between 18 and 24, coffee consumption held steady at 47%.
Over the recent past, coffee shops have not only witnessed tremendous growth but have also become the heart of many communities. They are increasingly popular as social outlets for friends, family, colleagues, and business associates. As a result, coffee chains such as Starbucks and Dunkin’ Donuts focus on enhancing their ambiance by creating a relaxing and attractive atmosphere to add an experiential element to coffee drinking.
In the United States, coffee shops have transcended their role as mere businesses to become icons of urban neighborhoods, shaping the very fabric of urban culture. They don't just create vibrant streetscapes and generate massive pedestrian activity; they are the heartbeat of the community. With their high customer footfall and profitability, they have significantly contributed to the growth rate of cafes/bars regarding value sales and transactions, underscoring their economic importance.
United States Coffee Company Analysis
Nestlé S.A., Eight O'Clock Coffee Company, Kraft Heinz Co., The J.M. Smucker Co., Fresh Roasted Coffee LLC, Keurig Dr. Pepper Inc., White Wave Food Co., Monster Beverage Corporation, Califia Farms LLC, and Starbucks Corporation are the prominent player in the USA Coffee Market.United States Coffee Company News
May 2024: NESCAFÉ, synonymous with soluble coffee, just launched its new premium Espresso Concentrate Coffee product. This shows that Nestlé, like the rest of the coffee industry, is paying close attention to the phenomenal growth of cold coffee and convenience.In December 2023, Italian coffee roaster Lavazza advanced its partnership with Paris Baguette America by launching Paris Baguette Blend, a whole-ban packaged coffee product set to be introduced across the bakery café chain’s 170 US stores.
In July 2023, Starbucks launched a new beverage line-up in the US, featuring two new offerings: whole-bean packaged coffee and bite-sized Bumblebee Cake Pop.
Product Type - United States Coffee Market is Covered with 4 Viewpoints
- Whole Bean
- Ground Coffee
- Instant Coffee
- Coffee Pods and Capsule
Distribution Channel - United States Coffee Market is Covered with 4 Viewpoints
- Supermarkets/Hypermarkets
- Convenience/Grocery Stores
- Online Retail
- Other Distribution Channels
All the Key players have been covered from 4 Viewpoints:
- Overview
- Recent Development & Strategies
- Product Portfolio & Product Launch in Last 1 Year
- Revenue
Company Covered:
- Nestlé S.A.
- Eight O' Clock Coffee Company
- Kraft Heinz Co.
- The J.M. Smucker Co.
- Fresh Roasted Coffee LLC
- Keurig Dr Pepper Inc
- White Wave Food Co.
- Monster Beverage Corporation
- Califia Farms LLC
- Starbucks Corporation
Table of Contents
Companies Mentioned
- Nestlé S.A.
- Eight O' Clock Coffee Company
- Kraft Heinz Co.
- The J.M. Smucker Co.
- Fresh Roasted Coffee LLC
- Keurig Dr Pepper Inc.
- White Wave Food Co.
- Monster Beverage Corporation
- Califia Farms LLC
- Starbucks Corporation
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 90 |
Published | June 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 26.96 Billion |
Forecasted Market Value ( USD | $ 37.38 Billion |
Compound Annual Growth Rate | 3.7% |
Regions Covered | United States |
No. of Companies Mentioned | 10 |