Keurig Dr Pepper (KDP) is not concerned about the 6% decline in at-home coffee consumption in 2022, attributing it to shifting consumer mobility post-COVID-19. Despite this, the company’s single-serve coffee systems and pods gained market share, and KDP met its goal of selling 2 million Keurig systems. KDP leaders believe at-home coffee consumption has significant long-term tailwinds and expect a recovery as mobility improves.
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KDP not worried about decline in at-home coffee consumption
Keurig Dr Pepper (KDP) is not concerned about the 6% decline in at-home coffee consumption in 2022, attributing it to shifting consumer mobility post-COVID-19. Despite this, the company’s single-serve coffee systems and pods gained market share, and KDP met its goal of selling 2 million Keurig systems. KDP leaders believe at-home coffee consumption has significant long-term tailwinds and expect a recovery as mobility improves.