BUSINESS: Research + Stats Coffee Sales Reach an All Time High in the U.S. By Staff Tuesday, March 21, 2023 3:42 PM Americans love a good cup of coffee, and according to the latest numbers from Statista, this has pushed sales to their highest levels ever. Revenue from the coffee segment has reached over $95 billion in 2023, with an expected annual growth rate of 3.5 percent between 2023 and 2025. This is equivalent to $283.90 per person, per year. It is expected by 2025, 89 percent of spending and 21 percent of volume consumption of coffee will be through out-of-home consumption such as bars and restaurants. This equates to 1.31 billion kilograms of coffee a year by 2025 and a volume growth of 1.3 percent. The average American is expected to consume 3.81 kilograms of coffee in 2023. Men tend to drink more coffee, according to a recent report from Gitnux, spending an average of 13 percent more than women. It’s believed this may be due to men being more likely to frequent coffee shops than women. The majority of Americans make the trip to the coffee shop daily, with 64 percent consuming coffee daily and 75 percent visiting a coffee shop weekly. Millennials are leading the way in trips to the local cafe, with 16 percent making daily trips. There are now more than 37,000 coffee shops in the U.S., with Starbucks being the largest chain. Experts believe that as the fears and restrictions of the pandemic continue to fade, consumers will return to coffee shops in even greater numbers.