Europe leads in coffee consumption, while emerging regions offer new opportunities for market expansion.
WILMINGTON,NEW CASTLE, DELAWARE, UNITED STATES, May 28, 2024 /EINPresswire.com/ -- According to a new report published by Allied Market Research titled Coffee Beans Market by Product and End Use: Global Opportunity Analysis and Industry Forecast, 2017-2024," the global coffee beans market size was valued at $10,471 million in 2017 and is expected to reach $15,635 million by 2024, registering a CAGR of 6.1% from 2018 to 2024. Europe dominated the global market, accounting for around one-third of the total revenue.
๐๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.alliedmarketresearch.com/request-sample/4671
The global coffee beans market is driven by increased coffee consumption across nations, expansion in retail market, and health benefits associated with coffee. Moreover, decrease in consumption of carbonated drinks is anticipated to boost the growth of the global coffee beans market. However, availability of substitute such as tea is projected to impede coffee beans market growth in future.
Carbonated drinks are harmful beverages containing dissolved carbon dioxide, usually prepared by mixing sweet-flavored syrup and carbonated water in their chilled state. Currently, the demand for these drinks is reported to continuously decrease, owing to its different side effects such as belching, heartburn, increase in risk of obesity, tooth decay, reduced bone strength, and others. The sale of carbonated drinks is anticipated to decrease further during the forecast period, owing to surge in awareness among people regarding the aforementioned side effect. This, in turn, increases the consumption of coffee beans.
Two types of coffee beans, i.e. arabica and robusta, are quite popular in the coffee beans industry. Brazil is the largest arabica coffee beans producer, while Vietnam produces robusta beans in large volumes, thereby increasing the global coffee beans market share. Arabica is easy to grow and roast, and hence accounts for the maximum production in the coffee beans market. While robusta is gaining popularity as it contains three times more caffeine than arabica and is more insect- and disease-resistant,. Thus, the robusta coffee beans market is anticipated to grow at the fastest rate by 2024.
The coffee bean market trends are witnessing an economic slowdown as consumers focus on affordability and thus shift their preference to inexpensive varieties of coffee. The low cost of production of robusta caf beans has resulted in high demand for robusta. This further fuels the growth in coffee consumption.
Based on end use, the personal care industry in the global coffee beans market is likely to witness robust growth. While coffee beans are commonly found in beverage form, skin care products made from coffee are also gaining popularity around the world. The incorporation of coffee beans in natural skin care products has benefited customers in the global skin care industry. For instance, the green coffee oil made from fresh green coffee beans contains the necessary fatty acids that are used in spa treatments and mature skin care. This oil has anti-aging properties that result in supple and smooth skin. In addition, the aroma of coffee beans butter makes an enticing addition to balms and body butters. This butter soothes red and dry skin and protects the skin from harsh climate.
The usage of coffee beans in pharmaceutical industry is augmenting the global coffee beans market. The health-benefits associated with coffee beans in form of dietary supplements has given rise to its consumption. Green coffee beans extracts have a higher level of chlorogenic acid as compared to other roasted and regular coffee beans because green coffee beans are not roasted. Thus, the adoption of green coffee beans in form of weight-loss supplements has been widely observed among consumers.
๐๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ : https://www.alliedmarketresearch.com/purchase-enquiry/4671
European consumers prefer high-value specialty coffee that offer a unique experience and are knowledgeable about coffee varieties. In addition, increase in health consciousness of the young population boosts the adoption of black coffee, which drives the market growth. This further offers opportunities for coffee beans suppliers to provide unique blends, flavors, and ready-to-drink coffee.
LAMEA is one of the emerging regions in terms of coffee consumption, as Brazil, South Africa, Saudi Arabia, and Turkey offer potential opportunities for the coffee beans market. New product offerings and flavor differentiation are the key strategies adopted by manufacturers to increase their market share. Furthermore, manufacturers have introduced promotional pricing strategies to increase their sales. Moreover, introduction of appealing packaging and new flavors, combined with campaigns through social events and networks, fuels the growth of the market.
The impact of competitive rivalry in the global coffee beans market is moderate because of large number of players, moderate strategies adopted by operating companies, high innovation pursued, and higher growth rate in the global market. Major players in the global coffee beans market are focusing on new product development to gain a strong foothold in the market.
๐๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐ :
๐ก๐๐ข๐๐ค๐ข๐ง๐ ๐๐จ๐ซ๐ฌ๐ ๐๐ก๐จ๐ฅ๐ ๐๐๐๐ง๐ฌ
๐ก๐๐๐๐ญ๐ก ๐๐ข๐ฌ๐ก ๐๐จ๐๐๐๐
๐ก๐๐ ๐๐จ๐ฅ๐จ๐ฆ๐๐ ๐๐จ๐ซ๐ฌ๐ข๐๐ ๐๐ฅ๐๐ง๐
๐ก๐๐๐ซ๐ข๐๐จ๐ฎ ๐๐จ๐๐๐๐
๐ก๐๐ฎ๐ข๐ ๐ข ๐๐๐ฏ๐๐ณ๐ณ๐ ๐.๐.๐.
๐ก๐๐ฅ๐ฅ๐ฒ๐๐๐๐ ๐.๐ฉ.๐.
๐ก๐๐๐ฐ๐๐ข๐ข๐๐ง ๐๐ฌ๐ฅ๐๐ฌ ๐๐จ๐ง๐ ๐๐จ๐๐๐๐ ๐๐จ๐ฆ๐ฉ๐๐ง๐ฒ ๐๐ญ๐.
๐ก๐๐ ๐๐จ๐ฅ๐จ๐ฆ๐๐ ๐๐จ๐ซ๐ซ๐๐๐๐๐ญ๐ข๐จ๐ง, ๐๐๐.
๐ก๐๐๐๐ญ๐ฌ ๐๐จ๐๐๐๐ & ๐๐๐ ๐๐ง๐.
๐ก๐๐จ๐๐๐๐ ๐๐๐๐ง๐ฌ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐.
๐๐๐๐ค๐ ๐ ๐๐ข๐ซ๐๐๐ญ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ : https://www.alliedmarketresearch.com/coffee-beans-market/purchase-options
ยซ ยป ๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐จ๐๐๐๐ ๐๐๐๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ:
๐กIn terms of value, the arabica caf beans generated the maximum revenue in 2017 and is expected to grow at a CAGR of 5.5% during the forecast period.
๐กThe pharmaceutical industry is likely to grow at the fastest rate at a CAGR of 6.9% by 2024.
๐กEurope is expected to dominate the market, registering the CAGR of 5.4% in terms of value.
๐กAsia-Pacific is projected to show exponential growth in demand throughout 2024, growing at a CAGR 7.6% of in terms of value.
๐กIndia and China are expected to witness considerably high growth rates at a CAGR of 10.9% and 9.0% respectively, during the forecast period.
ยซ ยป ๐๐ซ๐๐ง๐๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ข๐ง ๐ ๐จ๐จ๐ ๐๐ง๐ ๐๐๐ฏ๐๐ซ๐๐ ๐๐ฌ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP, based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view of providing business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We have professional corporate relations with various companies, and this helps us dig out market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasting. Each and every piece of data presented in the reports published by us is extracted through primary interviews with top officials from leading companies in the domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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