Store - Beverage Crops

Global beverage crops industry

Coffee is the most popular beverage crop in the world, with around 1.4 billion cups consumed daily. The global coffee market is worth an estimated $80 billion and is expected to grow at a CAGR of 2.5% from 2016 to 2025. Brazil is the leading producer of coffee, followed by Vietnam, Colombia, and Indonesia.

Tea is the second most popular beverage crop in the world after coffee, with around 3 billion cups consumed daily. The global tea market is worth an estimated $40 billion and is forecast to grow at a CAGR of 3% from 2016 to 2025. China and India are the leading producers of tea, followed by Kenya and Sri Lanka.

Cocoa beans are used to produce chocolate as well as cocoa powder and other products such as cocoa butter and cocoa liquor. The global cocoa bean market is worth an estimated $9 billion and is forecast to grow at a CAGR of 5% from 2016 to 2025. Ivory Coast is the leading producer of cocoa beans, followed by Ghana and Indonesia.

North American beverage crops industry

In the United States, agriculture is a vital industry and crops are a significant part of that sector. The North American beverage crops industry encompasses a wide range of fruits, nuts, and other plant materials that are used to produce beverages including coffee, tea, and juices. This industry is worth billions of dollars and employs thousands of workers across the continent.

The majority of the North American beverage crops industry is located in the United States. California, Florida, and Hawaii are the top three producing states due to their climates which are well-suited for growing these types of crops. These states produce the vast majority of oranges, lemons, grapefruits, strawberries, pineapples, and bananas consumed in the United States.

The North American beverage crops industry has been growing steadily for several years. The demand for these types of drinks has increased as health-conscious consumers seek out alternative beverages to sugary sodas and processed juices. The popularity of cold brew coffee and kombucha has also contributed to the growth of this industry.

The future looks bright for the North American beverage crops industry. The trend toward healthy living is expected to continue and new products are always being developed to meet consumer needs.

European beverage crops industry

In terms of value, the European beverage crops industry was worth an estimated €17 billion in 2016. This figure is expected to grow to €20 billion by 2022, at a CAGR of 2.9%. The majority of this value is generated from the production of coffee, which accounts for around 60% of the total market value. Other important products include tea (15%), cocoa (10%), and fruit juices (5%).

There are a number of factors that are driving growth in the European beverage crops industry. Firstly, there is an increasing demand for natural and healthy products. This is being driven by health-conscious consumers who are looking for alternatives to sugary drinks. Secondly, there is a growing trend for premiumization, with consumers willing to pay more for high-quality products. Finally, there has been an increase in tourism and hospitality spending, which has boosted demand for premium coffee and tea products.

The leading countries in the European beverage crops industry are Italy, Germany, France, Spain, and the United Kingdom. These countries account for over 75% of total production value. Italy is the largest producer of coffee, followed by Germany and France. Spain is the leading producer of cocoa, while the United Kingdom is the largest producer of fruit juices.

Asia-Pacific beverage crops industry

The Asia-Pacific beverage crops industry is forecast to grow at a CAGR of 5.5% during the period 2016-2022.

The Asia-Pacific region is the largest market for beverages, accounting for more than 50% of the global demand. The growing health consciousness among consumers and the changing lifestyle are the major drivers for the growth of this market. The Asia-Pacific region is expected to witness the highest growth in the demand for natural and organic beverages.

South American beverage crops industry

South America is a major producer of beverage crops, with Brazil and Colombia being the top two producers in the region. The South American beverage crops industry is forecast to grow at a CAGR of 5.5% from 2016 to 2022. The growth of the industry is driven by factors such as the growing population, rising disposable incomes, and changing consumer preferences.

The South American beverage crops industry is fragmented, with a large number of small and medium-sized players. The top five companies in the industry, which include Coca-Cola FEMSA S.A.B de C.V., Grupo Embotelladoras Unidas S.A., and AmBev S/A, account for a significant share of the industry revenue.

The South American beverage crops industry is expected to be driven by the growing demand for fruit juices and sports drinks in the region. Fruit juices are expected to be the fastest-growing segment of the South American beverage crops industry, with a CAGR of 6.5% from 2016 to 2022. Sports drinks are also expected to witness strong growth in the next five years, due to the growing health consciousness among consumers and their preference for healthy beverages.

Middle East & Africa beverage crops industry

Coffee is the most valuable crop in the region, with production concentrated in Ethiopia, Uganda, and Tanzania. Tea is also produced in large quantities in the region, with Kenya, Ethiopia, and Malawi being the major producers. The region's cocoa production is led by Ivory Coast and Ghana.

The Middle East & Africa beverage crops industry is forecast to grow at a CAGR of 5.5% during the period 2016-2022. The growth of the industry will be driven by factors such as population growth, rising disposable incomes, and changing consumer preferences.

Conclusion

The beverage crops industry is forecast to grow significantly in the next decade. This growth will be driven by the increasing demand for healthy and sustainable beverages, as well as the continued development of new technologies that allow for more efficient production of these crops. With the right policies in place, the industry has the potential to provide a significant boost to economic development and employment around the world.