Finlays is to build a coffee extraction facility at Hull in the UK, on the same site as its existing tea decaffeination plant. Finlays is already a global player in the cold brew coffee market, with a major stake in the US and a growing share in Asia. The US cold brew coffee market has seen phenomenal growth over the last decade and the European market is forecast to see similar expansion from US$80 million in 2020 to around US$350 million by 2027 – a compound annual growth rate of over 20%. Ian Bryson, Commercial Director of Finlays Europe, says: "Finlays is ideally placed to help European brand owners capitalise on this opportunity. Not only does it have over 111 years of experience in coffee roasting and grinding, it has also recently made a major investment in a new coffee roaster."
