Coffee is a lucrative business and owners of coffee bars, coffee houses and coffee shops are part of what the Specialty Coffee Association of America estimates was an $11.05 billion business in the United States in 2005. Almost $9 million of that comes from cafes, kiosks and carts. The market grew by more than $1 billion from 2004 to 2005, even with 60 percent of adults calling themselves occasional coffee drinkers, rather than daily drinkers.
If international trends in single-cup coffee indicate what will happen in the United States, it is no wonder that more coffee sellers are investing in one-cup coffee makers.
Single-cup coffee makers and servings such as K-Cups are still relatively new in the U.S., so there is room for growth. Single-serving coffee makes up about 5 percent of the U.S. market now, according to Dow Jones article in July. The market share is expected to increase to 20-25 percent in the next decade, according to the Specialty Coffee Association of America.
There, single-cup pod-brewed coffee took over 40 percent of the market share, according to an article in Tea & Coffee Trade Journal published in January 2005. The reasons? Choice, convenience and improved taste – all factors important to American consumers.
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Looking for great coffee? Visit www.GreenMountainCoffee.com to see the latest in bagged and single-cup coffee. Have you seen the Keurig Single-Cup Coffee maker yet?
|Jennifer Mathes, Ph.D.|