Coffee news

A daily dose of coffee news! Here are some recent updates from the world of coffee:

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 from 164.4 million bags in the previous year.

2. Specialty coffee market growth: The specialty coffee market is expected to grow at a CAGR of 10.5% from 2022 to 2027, driven by increasing demand for high-quality coffee and the rise of coffee culture, according to a report by Grand View Research.

3. Coffee prices on the rise: Coffee prices have been increasing due to factors such as droughts in major coffee-producing countries, labor shortages, and global demand. The ICO's composite indicator price for coffee rose by 14.5% in the first half of 2022 compared to the same period last year.

4. New coffee varieties: Scientists have developed new coffee varieties that are more resilient to climate change and have improved flavor profiles. For example, a new variety called "Caturra" is being grown in Colombia and has been praised for its high quality and disease resistance.

5. Coffee and mental health: Research has shown that moderate coffee consumption may have cognitive benefits, including improved memory and mood. A study published in the journal "Neurology" found that moderate coffee drinkers were less likely to develop depression and anxiety.

6. Coffee shop closures: Unfortunately, the coffee shop industry has been affected by the pandemic, with many independent coffee shops closing their doors. According to a report by the National Coffee Association, 22% of coffee shops in the US closed permanently in 2020.

7. Sustainable coffee initiatives: Many coffee companies are launching sustainable initiatives to reduce their environmental impact. For example, Starbucks has set a goal to power 50% of its stores with renewable energy by 2025.

8. Coffee and health: Coffee has been linked to several health benefits, including a reduced risk of stroke, type 2 diabetes, and certain types of cancer. However, excessive coffee consumption can have negative effects, such as increased heart rate and blood pressure.

9. Coffee culture in Asia: Coffee culture is growing rapidly in Asia, with countries like Vietnam, Indonesia, and Thailand becoming major coffee-producing and consuming nations.

10. Coffee and technology: Technology is changing the way we consume coffee, with the rise of coffee subscription services, coffee-making apps, and smart coffee machines.

I hope you enjoyed these coffee news updates!