Coffee Beans Market Trends Estimates High Demand, Leading Key Players and Forecast

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.

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Coffee Beans Market by Product and End Use: Global Opportunity Analysis and Industry Forecast, 2017-2024," the global coffee beans market size was valued at $10,471 million in 2017, and is expected to reach $15,635 million by 2024, registering a CAGR of 6.1% from 2018 to 2024. Europe dominated the global market, accounting for around one-third share of the total revenue.

The global coffee beans market is driven by increased coffee consumption across nations, expansion in retail market, and health benefits associated with coffee. Moreover, decrease in consumption of carbonated drinks is anticipated to boost the growth of the global coffee beans market. However, availability of substitute such as tea is projected to impede the coffee beans market growth in future.

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 coffee beans market trends are witnessing an economy slowdown as the consumers focus on affordability and thus, shift their preference to inexpensive varieties of coffee. The low cost of production of robusta caf beans has resulted in high demand for robusta. This further fuel the growth in consumption of coffee.

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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