https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/01/coffee_bean.jpg 165 520 admin https://www.knowledge-sourcing.com/resources/wp-content/uploads/2023/02/Printable-Resolution-big-300x78.png admin2023-01-07 12:49:482023-02-11 11:29:19Coffee Bean Market estimated to grow at a CAGR of 3.64% to reach a value of US$30.222 billion by 2025
Coffee beans are available in two major varieties, which are Robusta and Arabica Coffee bean is a seed extracted from the Coffea plant. Arabica coffee has less caffeine content whereas Robusta coffee has more caffeine content.
According to the report, the global coffee bean market is projected to increase at a CAGR of 3.64% over the forecast period 2019-2025.
The coffee bean market is expected to surge over the forecast period, which is attributable to the fact that the consumption of coffee is increasing globally due to the increasing disposable income among the middle-income population which is driving people to consume the premium beverage. In addition, the increasing popularity of coffee among the younger population in countries such as Philippines, Vietnam among others is increasing the demand of coffee beans and is contributing to the market growth further. However, the consumption of other beverages such as tea, which is offering new and healthier varieties such as green tea, early gray and jasmine tea in countries such as Japan, China, UK, and Turkey among others is hindering the demand of coffee bean to some extent.
Furthermore, the market players are involved in the market to provide new products in order to boost the growth of coffee bean market further. For instance, a popular market player based in Italy, illycaffè, which is one of the leading global companies that offers sustainable high-quality coffee, announced the launch of their new product Arabica Selection India, which the fifth single-origin coffee in their Arabica Selection lineup.
Based on distribution channel, online channel is expected to hold a considerable market share owing to the increasing penetration of online food and beverage retail and e-commerce stores, due to the increased number of benefits it is able to provide such as time-saving, convenience, and special discounted rates, which are shifting the consumer’s preference towards online purchase of commodities. Geographically, Europe is projected to hold a noteworthy share, which is attributable to the high consumption of coffee in major countries such as France, Germany, Spain, and Italy.
Some of the major players covered as part of the report are Backyard Beans Coffee Company, Caribou Coffee Company, Coffee Bean Direct LLC, International Coffee & Tea, LLC, La Colombe Coffee Roasters, Gold Coffee Company, Farmer Bros. Co., and illycaffè S.p.A. among others
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/global-coffee-bean-market
This report segmented the coffee bean market on the basis following terms
- Food and Beverage
- Personal Care
By Distribution Channel
- Czech Republic
Middle East and Africa
- Saudi Arabia
- South Korea
- North America