On the heels of ready-to-drink (RTD) coffee and iced coffee growth, cold brew coffee has become commonplace across the foodservice spectrum, according to a report by market research firm Packaged Facts. Iced coffee beverages broaden the coffee playing field, satisfying refreshment-based consumer needs by carrying the beverage well beyond its morning daypart stronghold. Cold brew’s promise of smoother taste and lower acidity, along with its premium positioning, higher price points, and enthusiastic younger consumers, build on iced coffee’s base and help keep the coffee market humming along.
Amora, a subscription-based company delivering premium coffee and tea directly to consumers across the U.S., today announced the results from its Father’s Day survey, which found that 72% of fathers are likely to drink coffee or tea at least once a day. These results come on the heels of Amora’s Mother’s Day survey insights, which found 74% of mothers drink coffee or tea on a daily basis.
Vendors Can Help Employers Deliver Quality Brews to the 68% of At-Work Coffee Drinkers Who Expect It
American businesses seeking to improve productivity should consider investing more in employer provided, higher-quality coffee options, according to Office Coffee Service in the U.S.: Market Trends and Opportunities, 3rd Edition, a new report by market research firm Packaged Facts. While the average employee does not expect an employer to provide coffee that significantly outshines their usual coffee beverage purchased or made outside the office, they do expect their employer to deliver coffee and coffee drinks that can reasonably compete with it.
When’s the last time you heard someone in your company beg to do kitchen duty? Exactly. Kitchen duty is one of those office housework assignments that everyone would like to avoid.
Drinking coffee is associated with a slightly reduced risk for skin cancer, a new study has found. Nicholas Bakalar writes in The New York Times, “The more coffee consumed, the lower the risk. Drinking 4 or more cups of coffee was associated with a 20% risk reduction compared with those who drank none.
Coffee innovation continues to help a very mature market grow new usage occasions and higher price points. Restaurant operators target savvy coffee drinkers with seasonal flavors like mint and pumpkin, as well as a growing stream of limited-time coffee and coffee drink selections. Retail coffee manufacturers are also embracing variety, and are seeking to deliver a more unique beverage to the customer that can help justify a higher price point.
Total U.S. coffee market dollar sales grew an impressive 10% in 2012 thanks to a dramatic jump in single-cup brew segment, according to a new report from Packaged Facts. The Keurig K-Cup brewer from Green Mountain Coffee Roasters (GMCR) revolutionized the single-serve coffee market, which posted an astonishing compound annual growth rate of over 75%
Coffee may have been traditionally enjoyed steaming hot, but new research from Mintel reveals the habit for a “hot cup of joe” is changing as consumers realize colder coffee is a tasty and refreshing year-round alternative. Mintel’s data shows that 18-24 year-olds, in stark contrast to older drinkers, are far bigger consumers of iced coffee and they will almost certainly take this habit into their middle age.
Total U.S. coffee market dollar sales grew an impressive 10% in 2012 thanks to a dramatic jump in single-cup brew segment. Single-cup brewers provide high-quality coffee without having to venture out or put a larger dent in the wallet. Packaged Facts estimates that overall retail single-cup coffee sales in the U.S. will reach a projected $5.0 billion by 2016.
According to a new report from Jefferies & Company Inc., the coffeehouse segment is poised for a banner year due to rising same-store sales, more stable coffee prices and a boom in consumer packaged goods revenue led by price increases and “K-Cup” individual-brewing sales. Equity analyst for Jefferies, Andy Barish, projects a sales growth between
According to recent Mintel research, 17% of coffee drinkers say they prefer their coffee one cup at a time. Not surprisingly, the most popular draw for single-cup coffee lovers is convenience. Seventy-nine percent of those who enjoy single-cup coffee agree that they drink it because it’s convenient to brew. Meanwhile, 60% cite the ability to brew a hot cup every time instead of reheating a full pot and 55% say they like the variety available in pods.
According to a new report from Jefferies & Company Inc., the coffeehouse segment is poised for a banner year due to rising same-store sales, more stable coffee prices and a boom in consumer packaged goods revenue led by price increases and “K-Cup” individual-brewing sales. As supermarket sales of ground coffee continue to grow, analysts also predict a sales growth of between 8% and 10% for the coffeehouse segment in 2012.