The survey shows that millennials are coffee addicts, consuming more than they produce.
According to the survey, the United States has become the largest market for coffee consumption in the world and has entered an all-time high. This trend will continue because millennials not only love coffee themselves, but their children also start drinking coffee at an earlier age. Once upon a time, coffee was just a drink for adults, but many millennials started drinking it when their teenagers were even younger, and their children must have been exposed to coffee earlier.
According to the National Coffee Association, millennials born in the early and mid-1980s started drinking coffee around the age of 17, while millennials born in the mid-to-late 1990s started drinking coffee at the age of 15. Robusta, one of the world's most important coffee tree varieties, has been severely affected by recent dry weather in Brazil and Asia. As Robusta's production in both regions has become very low, coffee makers have turned to Arabica coffee beans, which has resulted in an increase in coffee bean prices.
Low production and high demand have contributed to a rise in the price of coffee drinks, but this trend will change if coffee cultivation in Brazil can be alleviated. In addition, the stock of raw coffee beans in the United States has reached the highest level since 2000, but there has been a decline since July this year. Foreign media reported that millennials are coffee "addicts". Their enthusiasm for this drink has led to the consumption of coffee beans exceeding production twice. Is the end of coffee coming? Not necessarily, although its price is already high and looks like it will continue to rise, it is still unlikely to happen. As of September 30, coffee drinkers around the world had consumed more coffee beans than they produced, in part because of drought in some coffee bean-growing areas.
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