How will growth in coffee market in U.S be in the future
Coffee Industry U.S: A Brief Introduction
A study conducted by the National Coffee Association in the U.S was asked to measure the ways that the coffee industry contributes to the U.S economy. The final report was done in collaboration with the Specialty Coffee Association of America. The above was the first comprehensive study of the impact of coffee on the U.S economy.
Coffee is the most commonly consumed beverage in the U.S, even more than tap water by volume. Coffee touches almost all races and communities inexplicably and the growing coffee culture in the U.S is a major contributor to this phenomenon.
The coffee industry and other allied services comprise approximately 1.6% of the total US GDP. In 2015, the coffee industry accounted for more than USD 200 billion. The coffee industry is responsible for creating more than 1.6 million jobs in the U.S. The main source of revenue for the coffee industry is from the foodservice industry and other ancillary processes that result in value addition like roasting the coffee beans. There exists upwards of 37,000 coffee shops in the U.S as of 2019.