Coffee consumption –along with profits — continues to rise annually, and consumers show no sign of limiting their coffee habits.
Americans already drink an estimated 400 million cups a day, about one out of every four cups consumed on the planet, by some accounts.
Some consumers may whine about the $5 cup of Starbucks — but they keep buying, in higher numbers than ever before. Specialty coffee is the fastest-growing segment of the industry, and consumers continue to shift over to spendier gourmet coffee options. Some 34% of American adults now consume gourmet coffee beverages daily, up from 31% last year, while daily non-gourmet coffee drinking is down to 35% from last year’s 39%.
Plenty of companies are vying for the attention of coffee-loving consumers; investors have viable choices among a number of coffee stocks. Here are four top contenders among coffee stocks: