With 400 million cups consumed every day, the United States is the world’s largest coffee consumer. Coffee is one of the most commonly traded tropical agricultural products, according to the Fairtrade Foundation. 25 million smallholders produce 80 percent of the coffee. The branded café category in the United States has lost $11.5 billion in sales in the last year and is now worth $36 billion. In the coffee year 2020/21, global consumption is expected to be 2% lower than total production. Coffee shops are already seeking to recoup their losses by adding drive-thrus, digital integration, and new trading formats. Starbucks Corporation and Dunkin Brands Group, Inc., two of the world’s largest coffee firms, are focusing more on drive-thru. During this time, the custom of preparing coffee at home grew in popularity. Tutorials for preparing ‘Dalgona Coffee’ at home were available on a variety of social media channels. Due to the growing popularity of at-home coffee, Nespresso has announced plans to expand manufacturing. In 2020, the global coffee market was estimated to be worth $465.9 billion. In 2021, global coffee consumption is expected to reach 166.3 million bags. Brazil is the world’s largest coffee grower.
Insider Monkey discusses the list of the 15 largest coffee companies in the world in 2021. Tully’s Coffee is a specialty coffee company based in the United States that was formed in 1992. With franchisees and grocery shops, it is one of the world’s largest coffee enterprises. One of the world’s largest coffee enterprises is The Coffee Bean & Tea Leaf. In Malaysia, Singapore, Arizona, and California, it has 1,200 stores. The coffee is manufactured from Arabica beans from the top 1% of the world’s best growing locations. Caffe Ritazza is a worldwide coffee franchise based in the United Kingdom with locations in over 21 countries. The company was primarily founded to serve the travel market. Sorrento, Napoli, Capri, Firenze, and Buonissimo are the four blends that have made it renowned. The first Coffee Beanery started in the United States in 1976, and it now has over 100 locations around the country. The coffee shop is well-known for its tasty coffee, tea, and smoothies. The company was formed in 1997 with the intention of selling clients Italian-styled British coffee. In 2009, it developed its own coffee roastery, which supplies coffee to all of its coffeehouses across the world. In 2020, the chain brought in more than $518 million in revenue. Caribou Coffee was started in Edina, Minnesota, in 1992. With over 600 locations worldwide, the coffee firm is one of the fastest-growing in the world. Customers may expect softly roasted coffees with fruity characteristics from this brand. Dutch Bros. Coffee is a large drive-thru coffee franchise with locations primarily in the United States. The chain offers a wide range of coffees, teas, energy drinks, hot cocoa, and other beverages. In 2020, it brought in more than $567 million in revenue. For more details, click 15 Largest Coffee Companies in the World in 2021.
