The global coffee and tea industry includes ready-to-serve products, instant, and brewed ingredients, and dedicated shops that exclusively serve the beverages as part of their beverage service. According to Business Wire’s “Coffee and Tea Global Market Report, 2020-30: COVID-19 Impact and Recovery” report, the total coffee and tea market is predicted to grow from $142.1 billion in 2019 to $168.5 billion in 2023.
