Monday, July 15, 2024

12 Most Expensive Coffees in the World – CoffeeTalk

The global coffee market is expected to reach $126.17 billion in 2023, with a CAGR of 4.72% and reach $158.89 billion in 2028. The growth is driven by factors such as the growing demand for certified coffee products, innovative market trends, and customers’ acceptance of single-serve coffee brew systems. Europe dominates the market, driven by an increasing demand for coffee at work. South America is expected to grow at the highest rate. Major players in the market include Starbucks Corporation, The Coca-Cola Company, Keurig Dr Pepper Inc., and Nestlé S.A. Starbucks has announced four holiday cold foams for cold coffee enthusiasts, while Coca-Cola has opened and renovated stores in multiple locations. Costa Coffee has launched its first plant-based, dairy-free product, the 750-milliliter Oat Latte. Keurig Dr Pepper Inc. reported a revenue of $3.81 billion in Q3 2023, outperforming estimates by 5.05% on a year-over-year basis.

Nestlé S.A. leads the global beverages and dairy products market, with its coffee brand, Nescafé, being the leading choice in over 180 countries. The company has made significant progress in reducing its footprint and waste management, with a 10.5% reduction in virgin plastic packaging since 2018. In 2022, Nescafé launched Nescafé Dolce Gusto capsules, reducing plastic packaging weight by 200,000 tonnes, resulting in a 280,000 tonnes reduction in GHG emissions. Nestlé has also piloted over 20 reuse and refill solutions in 12 countries. The 12 most expensive coffees in the world include Molokai Coffee, Greenwell Jeni K Premier Roast Coffee, Kona Extra Fancy, Fazenda Santa Ines Coffee, El Injerto Mocca, Jamaican Blue Mountain Peaberry Coffee, and Hacienda el Roble Coffee.

See also  Ernesto Illy International Coffee Award 2023

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