Caf latest news

Here are the latest news and updates from the world of coffee:

Industry News

  1. Coffee consumption on the rise: According to a report by the International Coffee Organization (ICO), global coffee consumption is expected to reach 167.4 million bags (60 kg each) in the 2022/23 crop year, up 2.5% from the previous year.
  2. Sustainability efforts: Many coffee companies are committing to sustainability efforts, such as reducing waste, increasing transparency, and promoting fair trade practices. For example, Starbucks has set a goal to power 50% of its stores with renewable energy by 2025.
  3. Coffee prices on the rise: Coffee prices have been increasing due to factors such as droughts in major coffee-producing countries, pests, and diseases. The ICO has reported that the global coffee price has risen by 10% in the past year.

New Products and Services

  1. Cold brew coffee: Cold brew coffee is gaining popularity, with many coffee shops and companies offering their own versions. For example, Starbucks has launched a cold brew coffee line, while Dunkin' Donuts has introduced a cold brew coffee with a hint of vanilla.
  2. Coffee subscription services: Coffee subscription services are becoming increasingly popular, allowing customers to receive a regular supply of freshly roasted coffee beans or ground coffee. Companies like Blue Bottle Coffee and Intelligentsia Coffee offer subscription services.
  3. Coffee-making gadgets: New coffee-making gadgets are being launched, such as the "Coffee Siphon" by Fellow, which allows users to make pour-over coffee at home.

Trends and Insights

  1. Coffee and wellness: Coffee is being recognized for its potential health benefits, such as improving cognitive function and reducing the risk of certain diseases. Many coffee shops are now offering wellness-focused drinks, such as coffee with turmeric and ginger.
  2. Coffee and technology: Technology is playing a bigger role in the coffee industry, with many coffee shops using apps and online platforms to order and pay for coffee. Some coffee shops are also using AI-powered coffee machines to improve the brewing process.
  3. Coffee and social media: Social media is playing a significant role in the coffee industry, with many coffee shops and companies using platforms like Instagram and Facebook to promote their products and engage with customers.

I hope you find these updates interesting!