"According to research by Brainy Insights, the value of the specialty coffee industry is expected to reach US$152.69 billion by 2030, representing a growth rate of 12.32% during the forecast period."
With this increase in the consumption of specialty coffees, new opportunities are brought to producers, roasters and enthusiasts, increasing specialization and global networking. In this way, the coffee community and its most varied forms of connection are expanding exponentially. As an example, we have the connection between Brazil, which is today the largest coffee exporter, and Asia, which promises a future with many technological innovations and extraordinary coffees.
On the one hand, we have producers and roasters specializing all the time to increase the supply of increasingly better specialty coffees, on the other hand, increasingly advanced technologies that improve the quality of the drink from planting to cupping.
Coffee lovers consume not only the best quality coffees but also the variety of preparation methods that are emerging with this new trend.
According to research, the North American specialty coffee market, for example, is expected to grow 20% per year until 2030. This would make it the fastest growing market in the world.
Global consumption of Brazilian specialty coffees has consistently grown at an annual rate of 12% in recent years, according to the Brazilian Agricultural Research Corporation.
The increase in demand for specialty coffees occurs due to some factors. A key factor is evolving consumer preferences, who are increasingly seeking unique, high-quality coffee experiences. Additionally, a growing emphasis on sustainability practices in the coffee industry has resonated with environmentally conscious consumers, reinforcing demand for specialty coffee products.
Additionally, the specialty coffee market is witnessing an explosion of innovative brewing methods and unique flavor profiles. Coffee enthusiasts are exploring various techniques, such as Coados, French press, Cold brew, AeroPress, Teapot among others. With the aim of extracting distinct flavors and aromas from different coffee beans.
Roasters are experimenting with diverse coffee origins, processing methods and roast profiles to offer consumers a wide range of flavors, from fruity and floral to chocolate and nuts, providing a truly immersive and personalized coffee experience.
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Credits:
Image: Barchart.com
Text: Global Coffee Report
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