Coffee is one of the most widely consumed beverages in the world. In 2021/2022, nearly 176 million 60 kilogram bags of coffee were consumed worldwide, a slight increase from almost 167 million bags in the previous year.

Coffee Brewing Innovations The coffee industry is regularly coming up with innovative new methods for brewing coffee and serving it. Single cup brewers are a relatively new innovation which offer a quick and mess-free coffee brewing method for when one only wants a single cup of coffee without the hassle of brewing an entire pot. Keurig Green Mountain is the leading vendor of single-cup coffee in the United States.

Cold Brew Coffee Cold brew coffee is made by leaving coffee to brew in cold or room temperature water for 12 to 24 hours and results in a mellower, less acidic tasting coffee. It has become a popular menu item at coffee shops and cafes, but it also easy to make at home. The market for cold brew coffee was valued at 321 million U.S. dollars in 2017, and is expected to reach a staggering 1.37 billion U.S. dollars in market value by 2023.

In 2024, Australia imported coffee and coffee substitutes to the value of almost 1.33 billion Australian dollars. Over the past decade, coffee imports to Australia increased significantly from around 813 million Australian dollars’ worth of coffee imports in 2015. Coffee consumption Over the years, coffee has become a nationwide obsession that is now part of Australia’s cultural identity. Brands such as Nestlé (Nescafé and Nespresso), Vittoria, and Lavazza, as well as ALDI-own-brand coffee, are some of the most popular brands for coffee beans, instant coffee, and capsules among coffee drinkers in Australia. In 2024, annual domestic coffee consumption totaled around 2.15 million 60-kilogram bags. Cappuccinos, lattes, and flat whites are the top three favorite coffee drinks among consumers in Australia, with cappuccinos the number one coffee across most Australian states. The leading reasons consumers drink coffee are for the taste and to wake up. Nonetheless, some Australians report consuming coffee to relax and unwind. Cafés: another casualty of inflation? The pandemic has changed consumer behavior in many ways across Australia, with coffee consumption no exception to this rule. From Sunday brunch to afternoon coffee dates, buying coffee at cafés is popular among Australians. When choosing which coffee shop to visit, the quality of coffee as well as affordability, are considered the most important coffee shop attributes among the country’s coffee drinkers. Nonetheless, cost of living pressures have led consumers to rethink their budgets, with many swapping takeout coffees for homemade brews created with their own machines. In the coming years, as the pool of café regulars shrinks due to rising coffee drink prices, coffee shops across the country could suffer as discretionary spending continues to fall.

In 2024, the total revenue of the coffee market in Australia amounted to just over 12.2 billion U.S. dollars. Roast coffee represented around 10.9 billion U.S. dollars of the Australian coffee market that year, with instant coffee representing around 1.3 billion U.S. dollars. The Australian coffee market revenue is expected to reach around 14.9 billion U.S. dollars by 2029.

In 2023, around 54 percent of roasted coffee beans imported into Australia came from Switzerland. Italy was the second most prominent country of origin, making up just over 15 percent of the total value of roasted coffee imports.

Imports of soluble coffee products to Australia fluctuated in the period between 2020 and 2024, with an import volume of 350 thousand sixty-kilogram bags recorded in 2024. Throughout the given period, soluble coffee product imports to Australia reached a peak in 2022 at around 365 thousand sixty-kilogram bags.

Imports of roast and ground coffee products to Australia fluctuated in the period between 2016 and 2019. However, the 2020 financial year saw coffee imports increase to 200 thousand sixty-kilogram bags. From 2020 to 2024, roast and ground coffee imports remained around this level.