Athens Coffee Festival

A festival, that has been identified with the coffee market

The market needed it and FORUM S.A. accomplished it. Today, Athens Coffee Festival is the point of reference for the entire coffee industry and countless coffee lovers & home baristas.

Since Turkish coffee was first introduced to the public (which was renamed Greek in the 1960s) until today that has been “benchmarked” by espresso and other coffee blends, the relation between Greek consumers and coffee grows stronger every year, every day… It is remarkable that during the period of the greek economic crisis the number of cafés that opened was really impressive and the coffee brands saw their sales skyrocketing.

From 2016, when the 1st Athens Coffee Festival took place, major Greek and international coffee brands are presenting products and services to professionals who are looking to upgrade their product and consumers who want to live a new, different experience related to coffee either at a coffee shop or at home.

The coffee market in Greece

Coffee is the leading beverage in consumption across the Western world after water, among all – alcoholic and non alcoholic – beverages! The domestic market, year after year, has been showing a significant increase in the quantity of the coffee that is being consumed, but also a significant improvement in the quality of coffee reaching the final consumer. Let’s look at some details that confirm all the above:

  • Drinking coffee is a modern Greek tradition, as 95% of Greeks buy coffee.
  • According to the Hellenic Coffee Association, for the first months of 2022, in the catering industry, the total value of coffee consumption is estimated to be 3 billion euros.
  • Greeks consume 40,000 tons of coffee a year, with 40% being consumed outside the home and 60% being consumed inside the home.
  • 56% of Greeks drink coffee at home, 25% at work, while 18% of consumers drink coffee, in a shop or takeaway.
  • According to the World Coffee Organization, our country is ranked 17th in the world with per capita consumption of 5.4kg per year. Finland is first with per capita consumption of 12kg per year.
  • Regarding the average cost of a cup of coffee, in Greece it is estimated at €2.99, while the Swiss pay €4.78 per cup.
  • State revenues from coffee in 2017 amounted to 90.4 million euros and one year later to 122.7 million.
  • Greeks enjoy 40% of coffee at a coffee shop (consumption value 3 billion) and 60% at their home (consumption value 400 million).
  • According to the Greek Cafe Association, Greek coffee is still in the first place of consumers preference with 32%, frappe is in the second place with 30%, espresso takes the third place with 28% and filter coffee completes the list of preferences with 10%.

The 3d wave of coffee

In recent years, the third wave is dominating the coffee industry. In the third wave, coffee is essentially managed by specialized barista. Grains are imported directly from the production farms and the consumer drinks his coffee freshly roasted and not imported. Another feature of the third wave of coffee is that consumers choose mostly small, independent coffee shops that can accurately tell them how and where coffee plants were grown, who baked the grains and when. Also, the coffee is roasted in a way to match the extraction method that highlights the best qualities of each grain.

4th wave: Obsession with detail & the perfect taste experience

Consumers… of the fourth wave not only know which coffee blend to choose but they can also evaluate its quality. The consumer not only cares about where the coffee is grown but he is also informed about the cultivation methods and chooses the coffee based on them. The fourth wave is characterized by the gradual distance from the coffee machines and the approach of slower extraction methods that highlight the finesse of the taste while the barista’s contribution is not only important but crucial to the creation of a quality beverage.

The 5th wave is here…

Emphasizing the holistic experience of the consumer as well as the economic viability of the shops, the 5th wave of coffee expresses the current trends shaping the coffee industry.

The 5th Wave reflects a powerful new era of scaled boutique hospitality and is the current ideology shaping business trends across the global coffee industry. Put simply, 5th Wave implies scaling up consistent high quality to achieve a highly successful, customer-centric and sustained business outcome.

The 5th wave is the culmination of all 4 previous waves of coffee industry development!

A reflection of the era in which we live, the 5th Wave represents a quantum leap in the calibre of vision and execution required to meet the desires, needs and aspirations of today’s highly savvy and technically engaged Millennial Gen Z audiences. The concept of 5th Wave was refined within World Coffee Portal following two decades of coffee industry research and analysis. Today’s 5th Wave businesses create and consistently deliver highly engaging and aspirational experiences to clearly defined customer target audiences. These forward-thinking businesses are highly commercial and possess the mindset to constantly strive toward excellence, meticulously engineering and refining every process.

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