Coffee Grounds Market is expected to reach a market valuation of US$ 23.3 Bn by 2032 | FMI

By 2022, the market for coffee grounds is projected to be worth US$ 14.2 billion, growing at a 5.1% CAGR between 2022 and 2032. Over the previous five years, the value of the global market for coffee grounds increased at a CAGR of around 4.7%. The demand for coffee grounds is anticipated to increase between 2022 and 2032 at a CAGR of around 5.1%.

Coffee grounds are a source of nitrogen that can aid in the improvement of soil structure. To boost the fertility of the soil, they can be dispersed or mixed in. Adding coffee to the compost or worm bin is a common practise. This method aids in the creation of nitrogen-rich soil that is more fruitful for farming.

The benefits of coffee grounds for pest control and fertilisation, as well as producers' adoption of competitive pricing strategies, are propelling the coffee grounds industry ahead. Aside from that, the development of enticing packages and appropriate investment in coffee grounds advertising also help to grow the business.

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Coffee, on the other hand, if consume regularly, can boost cholesterol levels and cause hearing difficulties. As a result, the market for coffee grinds will be limited. Rising demand in the cosmetics industry is expected to drive up demand for coffee grounds in the near future.

The application of coffee beans in pharmaceutical industry is boosting the global coffee bean market. Coffee bean intake has expanded as a result of the health advantages linked with it in the form of dietary supplements. Because green coffee beans are not roasted, they have a higher level of chlorogenic acid than other roasted and ordinary coffee beans. As a result, the use of green coffee beans in the form of weight-loss supplements has become increasingly popular among customers.

Key Takeaways from Market Study

The market is segmented based on product type, wherein, Classic Roast Ground Coffee is anticipated to account for around 24.4% of the market share over the forecast period.
The North American Coffee Grounds market is expected to witness a lucrative growth rate of 6.8% during the forecast period.
East Asia is inferred to account for 16.9% of the global Coffee Grounds consumption through 2032.
"An increasing number of consumers expecting their products to be sustainable, organic and carbon-neutral the market of coffee grounds is projected to grow in the forecast period." According to the FMI analyst.

Competitive Landscape

Businesses all over the world are focused on zero waste and circular economy concepts, which has led to the introduction of fresh coffee grounds. To strengthen their position in the coffee grounds industry, several of the biggest corporations are focused on product development and strategic alliances with developing enterprises. Aside from that, new introductions are projected to remain a priority during the forecast period.

Some of the key players operating in the Coffee Grounds market are Starbucks, USS, Death Wish Coffee Company, Foglers Coffee, Royal Kona, Jo Coffee, Hills Bros. Coffee, Peet's, The Kraft Heinz Company, Kicking Hourse, Red Thread and others

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global Coffee Grounds market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on the Coffee Grounds market by product type (drip ground coffee, classic roast ground coffee, sumatra ground coffee, others) by application (food and beverage, agriculture, cosmetic and personal care, insecticides and pesticides) & region across seven major regions of the world.

Coffee Grounds Market by Category

By Type, Coffee Grounds Market is Segmented as:

Drip Ground Coffee
Classic Roast Ground Coffee
Sumatra Ground Coffee
Others

By Application, Coffee Grounds Market is Segmented as:

Food and Beverage
Agriculture
Cosmetic and Personal care
Insecticides
Pesticides

By Regional, Coffee Grounds Market is Segmented as:

North America
Europe
Asia Pacific
Central & South America
Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.