Coffee Beans Market - Trends, Drivers, Strategies, Applications and Competitive Landscape to 2024

The Global Coffee Beans Market size was valued at $10,471 million in 2017 and is likely to reach $15,635 million at a CAGR of 6.1% during the forecast period. The demand for coffee beans in Asia-Pacific has grown significantly over the years, owing to increase in its consumption. Japan, India, and Philippines are the major contributors to its growth.

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The global coffee beans market growth is driven by increase in coffee consumption among consumers. In addition, 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. Moreover, decrease in consumption of carbonated drinks has supplemented the coffee beans market growth. However, availability of tea is projected to restrain the global coffee beans market.

Research has proved that coffee lowers the risk of type 2 diabetes, protects the liver, and prevents certain types of cancer. Moreover, increase in the trend of out-of-home coffee consumption indicate an increase in the consumption of coffee in recent years. Thus, increase in coffee consumption is projected to drive the global coffee beans market

Carbonated drinks are harmful beverages containing dissolved carbon dioxide, usually prepared by mixing sweet flavored syrup and carbonated water in their chilled state. Currently, the demand for these drinks is reported to continuously decrease, owing to its different side effects such as belching, heartburn, increase in risk of obesity, tooth decay, reduced bone strength, and others. The carbonated drinks sale is anticipated to decrease further during the forecast period, owing to surge in awareness among people regarding the aforementioned side effect. This in turn increases the consumption of coffee beans.

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Two types of coffee beans, i.e. arabica and robusta are quite popular in the coffee beans industry. Brazil is the largest arabica coffee beans producer while Vietnam produces robusta beans in large volumes, thereby increasing the global coffee beans market share. Arabica is easy to grow and roast, and hence accounts for the maximum production in the coffee beans market. While, robusta is gaining popularity as it contains three times more caffeine than arabica and is more insect and disease resistant. Thus, the robusta coffee beans market is anticipated to grow at the fastest rate by 2024.

The impact of competitive rivalry in the global coffee beans market is moderate because of large number of players, moderate strategies adopted by operating companies, high innovation pursued, and higher growth rate in the global market. Major players in the global coffee beans market are focusing on new product development to gain a strong foothold in the market. Key players profiled in the report include 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.

Key Findings of the Coffee Beans Market:
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.

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