Global Coffee Report

Global Coffee Report

Third Wave on India’s thriving coffee market

Third Wave Coffee Founders Ayush Bathwal and Anirudh Sharma. Image: Third Wave Coffee.Third Wave Coffee Co-Founders Anirudh Sharma and Ayush Bathwal on building one of India’s fastest growing café chains, the country’s changing tastes, and introducing homegrown specialty coffee to the local market. Despite being one of the world’s top 10 producing countries, until recently India hasn’t drunk much of the coffee it grows. Traditionally, the majority
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L’OR launches limited-release Coffee Popping Pearls

Image: L’ORCoffee machine and capsule brand L’OR has launched a limited-release range of Coffee Popping Pearls, inspired by pearls in bubble tea. “L’OR lives to unleash the power of sensual pleasure, and is once again pushing the boundaries of coffee culture by introducing this innovative creation: popping pearls filled with real coffee,” the company said in
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La Marzocco named Best Coffee Equipment Manufacturer 2024

Image: La MarzoccoLa Marzocco has been named the Best Coffee Equipment Manufacturer – Europe for the second consecutive year. The award was presented at the 2024 European Coffee Symposium and Coffee Hospitality Show & Awards in Berlin on 12 November 2024. The event, held from 11 to 14 November, is an international gathering for coffee professionals, enthusiasts,
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Oddlygood acquires British plant-based company

dairy free milk drink and ingredients for breakfast – food and drinkFinnish company Oddlygood has acquired British brand Rude Health, both known for plant-based products, for an undisclosed sum. In a statement, Oddlygood said the move will see the company increase its market share of the competitive United Kingdom (UK) plant-based drinks category, worth an estimated £511 million (US$650.79 million). Established in 2018, Oddlygood has grown
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WMF launches new website with intelligent AI features

Image: WMF Professional Coffee MachinesGerman coffee machine brand WMF has relaunched its website, which it says “takes customer journey to a whole new level”. “Through a unique visual brand experience, target-group specific industry pages, and informative success stories, visitors can actively experience the versatility of WMF coffee machines,” the company said in a statement. The new website includes numerous
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Westrock Coffee Company reports strong Q3 2024 results

Image: kwanchaift/stock.adobe.comUnited States’ Westrock Coffee Company has reported strong third quarter results for 2024 despite a “challenging macroeconomic environment for the consumer”. CEO and Co-founder Scott T. Ford says this is the third consecutive quarter of good, combined segment, year-over-year performance, which is driven by improvements in the base business. The company’s Conway extract and ready-to-drink
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Krispy Kreme reports a decline in Q3 2024 revenue

Image: Krispy KremeKrispy Kreme has reported a 6.8 per cent decline in net revenue in Q3 2024 compared to the same time last year. The company posted net revenue of US$379.9 million in Q3 2024, compared to $407.4 million in the same quarter last year. In a statement, the coffee and doughnut chain said its third-quarter results
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Mahlkönig and La Marzocco launch The Sync System

Mahlkönig’s E80W GbS. Image: MahlkönigMahlkönig and La Marzocco have launched The Sync System, technology that allows the companies’ products to talk to each other and make automatic updates. The system, exclusive to the United States and Australian markets, syncs Mahlkönig’s Grind-by-Sync espresso grinders E65W GbS and E80W GbS with La Marzocco espresso machines. The machines are said to sync
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ICO report unveils income opportunities

Image: ThamKC/stock.adobe.comThe International Coffee Organization (ICO) has released its latest Coffee Development Report, an in-depth exploration of the circular economy’s potential within the coffee sector. The report, Beyond Coffee: Towards a Circular Coffee Economy, was co-created in partnership with International Trade Centre (ITC), Center for Circular Economy in Coffee (C4CEC), Lavazza Foundation, and Politecnico di Torino,
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