IMARC Group, a leading market research company, has recently releases report titled “Coffee Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coffee beans market share, size, growth, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Coffee Beans
Coffee beans are seeds that are typically found inside the fruit of the coffee plant, known as coffee cherries or coffee berries. They undergo multiple processing stages, including drying, roasting, and grinding, which influence the flavor, aroma, and quality of the final product. They are available in various types, including Arabica and Robusta, each offering unique flavor profiles. They contain caffeine that improves concentration and increases adrenaline levels, which enhances physical performance. They are primarily utilized to brew coffee and can be ground to varying consistencies like fine, medium, and coarse, depending on the chosen brewing method. They are utilized for making a wide variety of beverages, including latte, cappuccino, iced coffee, espresso, macchiato, and americano.
How Big Is the Coffee Beans Market?
The global coffee beans market size reached US$ 31.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
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What are the growth prospects and trends in the coffee beans industry?
At present, rising consumer preferences for specialty and gourmet coffee represents one of the crucial factors impelling the market growth. Additionally, the growing consumption of ready-to-drink (RTD) coffee, including cold brews and lattes, as they are convenient and eliminate the hassle of brewing and preparing, is positively influencing the market. Besides this, the increasing trend of infused or blended coffees integrated with vitamins, minerals, and other health-boosting ingredients is catering to health-conscious consumers.
Moreover, there is a rise in the incorporation of quick response (QR) codes on packaging, providing detailed information about the origin of coffee beans and various other facts about the product. In addition, the growing adoption of coffee beans as flavoring agents in gourmet foods, desserts, and even alcoholic beverages is offering a favorable market outlook.
Furthermore, the increasing employment of coffee extracts in skincare products, such as scrubs and serums, due to their antioxidant properties is contributing to the growth of the market. Apart from this, the rising emergence of online retail platforms is making it convenient for consumers to explore and purchase a wide variety of coffee beans and get them delivered to their doorstep.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Arabica
- Robusta
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Personal Care
- Food and Beverages
- Pharmaceutical
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Backyard Beans Coffee Company, Caribou Coffee Company Inc., Coffee Bean Direct LLC, Death Wish Coffee Co., Gold Coffee Company, Hawaiian Isles Kona Coffee Co., illycaffè S.p.A., La Colombe Coffee Roasters, Luigi Lavazza S.p.A., Starbucks Coffee Company, The Coffee Bean Company and The East India Company Ltd.
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