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Coffee’s Continued Growing American Popularity May Be Investor Opportunity
The brewed beverage is consumed so much, and growing, that there could be investing opportunities worth exploring
Businesses that offer goods and services that are part of the mainstream and will continue to be consumed no matter how much things may change or decline in society are usually attractive assets for investors. People become so reliant on them that there is almost a guaranteed market for them, no matter what economic conditions exist. One of the most prominent is coffee, as data shows Americans not only drink copious amounts, but that it is only increasing.
A new report from Yahoo!News via Statista shows that 80% of Americans who drink coffee down two or more cups of coffee daily while at home during the week. Almost 25% additionally drink to-go coffee several times weekly. The data also showed there is a wide variety of how coffee connoisseurs like their java. 30% of respondents have a preference for old fashioned drip coffee, while 11% favor cappuccinos and 10% choose iced coffee.
In June, 2022, a separate report in Food & Beverage Insider indicated that a whopping 66% of Americans drink coffee on a daily basis. That figure represented a 14% increase since January, 2021. In total…
