According to the report available on Alexa Report, coffee beans industry is estimated to expand and reach USD 16.63 billion, demonstrating a CAGR of 6.4% over assessment period of 2018 to 2025. Rising demand from processed food industry and high consumption of coffee among populace are the factors showing positive impact on industrial growth across the globe.
Coffee bean is a seed obtained from coffee plant a major source of coffee. Robusta and Arabica are the major forms of coffee beans. Brazil is key producer of Arabica beans. Whereas, Vietnam is key manufacturer of Robusta beans. These beans are antioxidant rich and are exclusively used by people for weight management.
Rising demand for cold coffee owing to growing number of coffee shop chains like Starbucks and Peet’s Coffee & Tea have triggered coffee consumption amongst working class and young generation is estimated to boost overall industrial growth in the near future. Furthermore, growing demand of coffee in production of chocolates, personal care products, baked goods, and others will show positive impact on overall market growth.
On the other hand, availability of alternatives such as tea is estimated to hamper the market growth. However, the impact of propelling factors is projected to conquer the consequence of restraints. Moreover, recycling waste of coffee beans is projected to give rise to new opportunities in the coffee beans market. For example, Roadchef, a service operator recycles waste coffee beans into bio-fuel.
- Based on product type, robusta type accounted for high market share owing to high amount of caffeine and is insect & disease resistant in comparison to Arabica. The product type sector comprises robusta, Arabica, and others.
- End-user wise, pharmaceutical industry accounted for high market share owing to health benefits associated with coffee beans in the form of dietary supplements and is also used as weight-loss supplements. Pharmaceutical industry, food industry, and personal care are the other end-users, augmenting the global coffee beans market.
- Based on the region, North America accounted for high market share owing to excessive consumption of coffee, rising instalment of coffee vending machines at commercial places, and increasing number of coffee shops in the Unites States and Canada.
- Asia Pacific is estimated to grow at highest CAGR in the near future. The reason behind industrial growth is high demand for coffee beans in developing countries like China and India, increasing disposable income, and growing young populace nurturing coffee-shop culture.
The global market is dominated by several leading manufacturers. The key manufacturers in the market are engaged in product approvals, acquisitions, and strategic associations to reinforce their market position. The major key manufacturers of coffee beans industry are Luigi Lavazza S.p.A., Backyard Beans Coffee Company, La Colombe Torrefaction Inc., Caribou Coffee Company Inc., The Ethiopian Coffee Company, Coffee Bean Direct LLC., The East India Company Ltd, Death Wish Coffee Co., Gold Coffee Company, and Illycaffè S.p.A.