The largest portion of the Dutch coffee market is the filtered coffee market with coffee capsules coming in second place. The Netherlands is a European country with a $10.6 billion coffee market in 2020. Countries That Produce the Best Coffee in the World 12. Overall, this data agrees with the ICO's assessment that coffee exports are declining, with the $36 billion of exports in 2021 falling by $144 million annually. We used global trade data segregated on the basis of the harmonized tariff schedule to see which countries export the best coffee. Smucker Company (NYSE: SJM), and Nestlé S.A. Leading coffee producers and sellers are Starbucks Corporation (NASDAQ: SBUX), Monster Beverage Corporation (NASDAQ: MNST), McDonald’s Corporation (NYSE: MCD), The Kraft Heinz Company (NASDAQ: KHC), The J.M. The research firm further outlines that increasing awareness of coffee's health benefits and a shift toward sustainable innovations for delivery will stimulate growth. Out of the different product categories, the research firm estimates that instant coffee will hold the greatest market share, not only because it is easy and less time consuming to prepare, but also because it is good for metabolism and contains relatively lower amounts of caffeine. According to Expert Market Research, the global coffee market was worth $114 billion in 2020 and it will grow at a compounded annual growth rate (CAGR) of 4.8% between 2018 to 2022. The firm raised $3 million in 2021 to allow it to develop an automated platform for mapping out coffee beans based on acidity, flavor, and aroma by creating digital footprints.Īs far as the overall market goes, ICO estimates that global coffee exports stood at 9.7 million bags in October this year, marking a drop from the 9.87 bags exported in October 2021. The company also provides technology that allows farmers to sift out high quality coffee bean stems by using handheld gadgets. The use of technology to aid farmers with their quality gauging needs has also been commercialized, with Colombian firm Demetria providing farmers the tools to map out their bean profile with infrared light and then determine which bean they have come across through using an artificial intelligence platform. In fact, coffee bean spectral imaging has been shown to achieve an 80% accuracy in identifying the right kind of bean. The same imaging processes can also be used to map out different coffee bean varieties, removing a large burden from farmers who previously had to crush the bean to find out its type and kind. What's more is that this research also uses algorithms to let computers pick out the relevant damage patterns through just three image bands, with the initial subset of bands being selected through principle component analysis (PCA) - a basic type of machine learning. For instance, researchers have shown that a visible near (VIS-NIR) infrared sensor can be used to map out coffee plants to inspect them for insect damage. Of course, this is just rudimentary technology compared to today's standards, and leading edge research into coffee production is now studying hyperspectral imaging for a variety of purposes. The machines that harvest coffee use the global positioning system (GPS) to allow farmers to keep track of the equipment and cameras to analyze the plant. For instance, coffee farmers in Brazil are employing automation throughout the planting and harvesting processes. However, despite this, a global coffee shortfall will continue, with a production of 167.2 million bags expected to stay behind the consumption.Īutomation and industrial engineering are changing the way farmers plant, monitor, and harvest their products, and the coffee industry is no exception. Global coffee consumption is booming, and according to estimates by the International Coffee Organization (ICO) consumption in the twelve months that ended in September 2022 is slated to sit at a whopping 170.3 million bags. Since then, it has been used for its medicinal properties that helped with concentration and as a social activity to allow people to congregate at coffee shops. For more companies, head on over to 5 Countries That Produce the Best Coffee in the World.Ĭoffee is one of the most popular beverages in the world, and one with a long history, with the first mention of the drink tracing its way back to the tenth century CE. In this piece, we will take a look at the twelve countries that produce the best coffee in the world.
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