Menu

Search

  |   Economy

Menu

  |   Economy

Search

Starbucks Celebrates Two Decades of Pumpkin Spice Phenomenon Amid $802.5M Market Surge

Laura Chouette/Unsplash

Celebrating 20 years, Starbucks' iconic pumpkin spice drink continues to dominate fall, inspiring countless copycats and cementing its place as America's favorite autumnal treat. Nielsen data highlights the flavor's skyrocketing demand.

Recent figures from Nielsen reveal the staggering success of pumpkin-flavored products, with sales in the United States reaching an impressive $802.5 million for the year ending July 29, a remarkable 42% increase compared to the same period in 2019.

This unprecedented growth has led to a profusion of pumpkin spice-inspired goods, ranging from pumpkin spice Oreos, protein drinks, craft beers, and cereals to even pumpkin spice-infused Spam. A quick search on Walmart's website yields over 1,000 products that entice the luscious aroma and flavors reminiscent of a delectable pumpkin pie.

However, despite its overwhelming popularity, the pumpkin spice craze has also garnered some detractors. Yet, a comprehensive study conducted by researchers at Montclair State University in New Jersey reveals that negative sentiments accounted for only 8% of the 20,000 Twitter and Instagram posts mentioning pumpkin spice in 2022.

The inception of Starbucks' Pumpkin Spice Latte originated from a successful trial in 100 stores across Washington, D.C., and Vancouver, British Columbia. The resounding success prompted Starbucks to introduce the beloved beverage nationwide in the United States and Canada the following autumn. Notably, 2015 marked a significant milestone as Starbucks incorporated real pumpkin into the recipe, adding an authentic touch to the iconic concoction.

The cult-like following of Starbucks' Pumpkin Spice Latte is evident in its soaring digital presence. It boasts an impressive 82,000 followers on X, formerly known as Twitter, and has engendered a devoted Facebook fan group dubbed the Leaf Rakers Society, amassing 43,000 members. Enthusiasts like Jon McBrine eagerly anticipate its annual return despite his preference for black iced coffee throughout the year.

Photo: Laura Chouette/Unsplash

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.