The coffee business is booming. Most people you know can?t even start their day without a morning cup of Joe. Starbucks and Dunkin Donuts have become giants in the coffee supply industry, but with everyone thriving to become business owners and advancements in social media marketing, people all around the country are starting their own coffee shops and stands. If you are one of these individuals that is seeking to become an entrepreneur and future coffee mogul, there are a few things you need to get your business off the ground. Aside from the most basic of necessities, which is coffee if you?re reading this early in the morning and haven?t had your daily dose yet, another important item to have on your list of things to order is small paper cups with lids.
Small paper cups with lids are essential for any coffee shop, big or small. Their importance is mostly valued when dealing with hot cups of coffee. Using cheap paper cups can easily fall apart or allow heat to reach a customer?s hand ruining their experience. Cheap coffee mugs can break creating disasters for customer?s drinking on the go, and even if they are cheap, the price will undoubtedly be higher than the price for cups. Small paper cups with lids are a small investment that will go a long, long, way.
The retail value of the U.S. coffee market is estimated to be $48 billion dollars with specialty comprising approximately 55% value share. The Unites States imported about 27.5 million bags of coffee in 2014, accounting for almost one quarter of global coffee (un-roasted) imports, making it the world’s largest single buyer. Recent statistics show that American consumers drank on average 1.64 cups of coffee per day. Specialty coffees represent 37% of US coffee cups and are considered the highest quality in the world.
An astounding 50% of the population, equivalent to 150 million Americans, drink espresso, cappuccino, latte, or iced/cold coffees. Independent coffee shops have $12 billion in annual sales. It?s estimated that 30% of the population drinks coffee occasionally. Studies indicate that 65% of all coffee is consumed during breakfast hours, 30% between meals, and the remaining 5% with other meals, 35% of coffee drinkers prefer black coffee, 65% prefer to add sugar and/or cream. Independent coffee shops manage to sell 31% of espresso-based drinks, while the rest is brewed coffee. Three to five cups of coffee a day can help prevent the cognitive decline associated with aging, leading to a 65 percent decrease in developing Alzheimer?s or dementia, according to a recent study.
People have been drinking coffee for years and it doesn?t look like it?s going anywhere in the near future. With this increase in demand, someone has to go out there and supply the goods. With the major sellers raising their prices, a local shop can flourish under the right direction and marketing campaign. No matter how good your coffee is or how good your customer service may be, without small paper cups with lids to hold it, no one will be getting to enjoy their coffee.