IMARC Group, a leading market research company, has recently releases report titled “Coffee Beans Market Report by Product (Arabica, Robusta, and Others), Distribution Channel (Online, Offline), End User (Personal Care, Food and Beverages, Pharmaceutical), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global coffee beans market.
How Big Is the Coffee Beans Market?
The global coffee beans market size reached US$ 32.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 53.3 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032.
Industry Overview of Coffee Beans
Coffee beans are derived from the seeds of the coffea plant and undergo cultivation, harvesting, and roasting. They are available as arabica and robusta and are a primary source of caffeine. They are rich in antioxidants, which help protect cells from damage caused by free radicals and reduce the risk of certain diseases among people. They provide a boost of energy and alertness and can enhance cognitive function while combating drowsiness. They may lower the risk of developing type 2 diabetes, Parkinson’s disease, and Alzheimer’s disease. They assist in reducing the chances of liver diseases, such as liver cirrhosis and liver cancer, and minimizing non-alcoholic fatty liver disease (NAFLD). They aid in improving physical performance, stamina, and endurance during exercise by increasing adrenaline levels. They are also beneficial in stimulating the digestive system and relieving constipation. As a result, coffee beans are widely employed in pharmaceuticals, cosmetics, and food and beverages (F&B) sectors around the world.
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What are the growth prospects and trends in the coffee beans industry?
Presently, the rising number of cafes, restaurants, hotels, and resorts worldwide represents one of the key factors strengthening the market growth. Additionally, the increasing adoption of ready-to-drink (RTD) coffee and single-serve coffee pods among people with busy lifestyles is impelling the market growth. Apart from this, the escalating demand for coffee beans in producing chocolates, muffins, cakes, and cookies is positively influencing the market.
In addition, the rising utilization of coffee beans in the cosmetic industry in numerous products, such as face wash, scrubs, lipsticks, and face masks to provide moisturizing effects and remove suntan is supporting the growth of the market. Furthermore, the increasing development of low-acid and organic coffee varieties to cater to health-conscious individuals is contributing to the market growth.
In line with this, rising preferences for ethically sourced and sustainably grown coffee beans are providing lucrative growth opportunities to industry investors. Moreover, the growing demand for specialty coffee with unique flavor profiles is offering a favorable market outlook.
Leading Companies Operating in the Global Coffee Beans Industry:
- 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
- The East India Company Ltd.
Coffee Beans Market Report 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
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