Coffee Service

Coffee consumption slumps due to coronavirus

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July 14, 2020

Coffee consumption worldwide is expected to fall for the first time since 2011, according to the U.S. Department of Agriculture, Bloomberg reported. The decline is occurring despite a surge in bean buying at supermarkets since traffic is down at cafes and restaurants that normally account for a quarter of the demand.

Marex Spectron, a researcher, estimated more than 95% of the out-of-home market was affected during the pandemic.

For an update on how the coronavirus pandemic is affecting convenience services, click here.