US Coffee shops still simply too hot to handle
America’s unquenchable thirst for premium coffee continues to drive US coffee shop sales, with the market showing no signs of cooling down. Latest research from MINTEL finds coffee shops across the pond will have seen close to a five fold increase in sales between 2000 and 2010. The market experienced 157% growth between 2000 ($3,258m) and 2005 to reach some $8,372m and despite being a maturing market coffee shops are set to continue full steam ahead. Over the next five years sales are expected to grow by a further 125% to reach an impressive $18,839m by 2010. This is phenomenal growth for such an established market and is well over twice the growth rate seen in the much younger British coffee shops market.
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