SPIRE SIGN IN Register

Spirethoughts

Spire's six most recent Spirethoughts.

Refilling to reduce the global plastic binge
Crude oil prices and the environment
Productivity & Efficiency – the new WFH buzzwords
Will Smart Health & Safety products ride Covid-19’s coattails?
Will Smart Health & Safety products ride Covid-19’s coattails?
Awareness and adoption of Sustainable Smart Technology
Technology security and privacy concerns have become critical to consumers
Technology security and privacy concerns have become critical to consu...

Cold coffee cannibalizing cold drinks

The price of coffee is set to reach a record high by 2018, which is why coffee shops are hoarding coffee beans to meet consumer demand.

While sales of hot coffee fell by 3% due to rising summer temperatures, cold coffee market sales were up by 80% over the previous year.

It takes about 0.2 kilograms of beans to brew a gallon of hot coffee, while cold coffee takes only a pound. Production shortages in Vietnam and Brazil along with crop issues in Colombia are likely to raise prices for coffee beans this year, further fueling the trend towards cold coffee.

Will most consumers start to consume their coffee cold?


For media enquiries, please contact:

Nidhi Singh
Manager, Group Corporate Communications
Spire Research and Consulting
Phone: (91) 124 646 5499
E-mail: nidhi.singh@spireresearch.com

Back to Top

Back to Home
BTBTBTBTBTBT