Coffee Shop Market Reports Big Losses

In the past year or so the coffee shop industry in the United States has lost about $11.5 billion according an analysis completed by the Allegra World Coffee Portal. This was almost a full quarter of the total market value, 24%.

According to the Daily Coffee news it is a first in modern history that the total number of coffee shops fell. Between shops closing and new coffee shops opening (because some new shops did open) the net decrease was 208 shops in 2020, which is far from nothing.

According to this report the coffee shop market cited here includes the big players like Dunkin and Starbucks among others. The big boys account for about 66% of the US coffee market in number of stores and these two, of course, are not losing sleep over independent cafes closing.

Reuters reported in another article that the US coffee market is not expected to get back to levels like before the pandemic until sometime in 2023.