Coffee Beans Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and Industry Forecast, 2017-2024
Introduction • The Global Coffee Beans Market is likely to reach $15,635 million at a CAGR of 6.1% during the forecast period. • Japan, India, and Philippines are the major contributors to its growth. • The global coffee beans market growth is driven by increase in coffee consumption among consumers. • Research has proved that coffee lowers the risk of type 2 diabetes, protects the liver, and prevents certain types of cancer. • Coffee beans are commonly found in the beverage form, the skin care products made from coffee are also gaining popularity in the world.
Key Factors • The demand for coffee beans in Asia-Pacific has grown significantly over the years, owing to increase in its consumption. • Health benefits associated with coffee and expansion of retail market makes the buying process easy for the consumers, which boost the global coffee beans market. •
The carbonated drinks sale is anticipated to decrease further during the forecast period, this in turn increases the consumption of coffee beans.
• The incorporation of coffee beans in natural skin care products has benefited the customers in the global skin care industry. • Moreover, increase in the trend of out-of-home coffee consumption indicate an increase in the consumption of coffee in recent years.
Coffee Beans Market
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Market Segmentation
Market Segmentation By Geography
Key Findings • In 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. • The pharmaceutical industry is likely to grow at the fastest rate at a CAGR of 6.9% by 2024. • Europe is expected to dominate the market, registering the CAGR of 5.4% in terms of value. • Asia-Pacific is projected to show exponential growth in demand throughout 2024, growing at a CAGR 7.6% of in terms of value. • India and China are expected to witness considerably high growth rates at a CAGR of 10.9% and 9.0% respectively, during the forecast period.
Key Players • • • • • • • • • •
Kicking Horse Whole Beans, Death Wish Coffee La Colombe Corsica Blend Caribou Coffee Luigi Lavazza S.P.A. Illycaff S.p.A. Hawaiian Isles Kona Coffee Company, Ltd. La Colombe Torrefaction, INC. Peets Coffee & Tea, Inc. Coffee Beans International, Inc
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