Coffee Beans Market - Emerging Trends, Analysis & Forecast, 2025
The global Coffee Beans Market size is expected to reach USD 42.5 billion by 2025, according to
a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the
forecast period. Increasing consumption of coffee across various regions and
health benefits related to the beverage are the major factors for the growth of
market. Moreover, increase in the number of coffee retail shops and cafes in
India and China, coupled with rise in consumption of this beverage among
different age groups, especially young generation, has driven the demand for these
beans.
Arabica dominated the market in 2018 and is
expected to maintain its lead in the forecast period. Arabic is the mostly
consumed owing to its sweet taste and high presence of lipids. Robusta beans is
expected to be the fastest growing segment due to growing demand from the
pharmaceutical industry owing to high caffeine content. Many manufacturers are
focusing on improving their product to produce better quality of coffee.
For instance, in 2019, Lavazza launched a new cold
coffee brew, which is made up of robusta bean. Furthermore, Roadchef, a motor
service company, had tied up with bio-bean to use the recycle waste coffee
beans into fuel, which is expected to have a positive effect on the market
growth over the forecast period.
North America was the largest regional market in
2018 due to growing demand for coffee vending machines at railway stations and
other places. Furthermore, increasing popularity of this beverage among the
working population is anticipated to make a reasonable contribution to the
market revenue. Furthermore, increase in the number of coffee shops in Canada
and U.S. has led to a rise in consumption of robusta and arabica beans in
recent years.
MEA is estimated to expand at the fastest CAGR of
9.9% over the forecast period owing to increasing consumption of coffee.
Moreover, penetration of various pharmaceutical companies such as Novartis and
Allergan is expected to fuel demand for robusta and arabica beans over the
forecast period. Asia Pacific is expected to witness substantial growth over
the forecast period. Increasing number of franchise outlets, coupled with rise
in demand from the pharmaceutical and cosmetic industries, is driving the
market in the region.
Coffee Beans Market Report Highlights
- By product, arabica dominated the global market with an overall
revenue share of 61.2% in 2018. Robusta is anticipated to ascend at a CAGR
of 7.4% over the forecast period
- The food and beverages application segment held the largest share
of more than 70.0% in 2018 owing to increasing number of coffee retail
outlets in developing countries such as India and China
- North America dominated the global market in 2018, accounting for
29.2% share of the overall revenue. This trend is projected to continue
over the next few years
- Middle East and Africa is anticipated to be the fastest growing
market with a CAGR of 9.9% during the forecast period
- Key players include Death Wish Coffee; Kicking Horse Whole Beans;
Caribou Coffee; La Colombe Corsica Blend; Illycaff S.p.A.; Luigi Lavazza
S.P.A.; Coffee Beans International, Inc.; La Colombe Torrefaction, INC.;
and Hawaiian Isles Kona Coffee Company, Ltd.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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