Shocking data from the specialty coffee boom

Specialty coffee is one of the fastest growing sectors within the hospitality industry. These are some impressive figures and data on how it is developing.

- Europe is the region with the largest specialty coffee market: 46.21% and worth $24.80 billion in 2021, according toThe Brainy Insight.

- The specialty coffee market in the world is expected to increase by 9% in Europe by 2026 according to the Center for the Promotion of Imports from Developing Countries.

- In the past week, 57% of U.S. adults have had a specialty coffee, up 7.5% from last year, according to the National Coffee Association.

- Specialty coffee in North America is forecast to grow 20% each year through 2023, rising from a value of $53.57 billion in 2021 to about $152.69 in 2030, according to The Brainy Insight.

- Specialty coffee can now be purchased at the supermarket in countries around the world that have embraced the wave.

- In Spain there is at least one specialty coffee roaster in each of its 50 provinces.

- The majority of specialty coffees purchased worldwide in 2021 were in the segment between 85 and 89.99 points, synonymous with high quality (80 and above, according to the Specialty Coffee Association's scale, is considered specialty), and accounted for the largest market share, with 39.12% and profits of US$20.99 billion.

- The specialty coffee market in Brazil has doubled between 2016 and 2018, from 6% to 12%, according to the Specialty Coffee Association, and will continue to do so over the next few years, says Agribrasilis.

- Consumers are willing to pay higher prices for coffee, according to The Perfect Daily Grind.

Surprised? All forecasts indicate that year after year we will have more extraordinary data thanks to the boom that specialty coffee is experiencing.