Specialty Coffee Industry Defies Recession – Analyst Blog
Zacks Market Commentaries (June 29th, 2009) Writes:
Despite the recessionary environment, demand for specialty coffee has been rising. According to the data provided by the National Coffee Association's (NCA) 2009 National Coffee Drinking Trends market research survey, coffee consumption has remained steady at 59% so far in 2009, and the NCA also stated that the at home consumption has hit the highest levels in 2009 since 2003 increasing by 5%.
Further, Andrew Hetzel, President and Founder of Cafemakers, states that, a smaller-sized coffee with strong flavors provides more satisfaction to the consumer and therefore customers are also willing to pay more. Customers choose specialty coffee brands based on the total value proposition that includes quality, variety, convenience, and price. Therefore, companies such as Green Mountain Coffee Roasters (GMCR), Peet's Coffee & Tea (PEET), Kraft Foods (KFT), Sara Lee (SLE)
...Andrew Hetzel, Cafemakers, Green Mountain Coffee Roasters;, Kraft Foods, Market Commentary, McDonald's ( MCD ) McCafé, Mcdonalds, National Coffee Association, Peet's Coffee & Tea, President and Founder, Procter & Gamble Co., Sara Lee, Starbucks Corporation, Stocks to Watch, United States, Zacks Market Commentaries


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