IMARC Group, a leading market research company, has recently releases report titled “Coffee Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coffee beans market growth, share, size, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the coffee beans market?
The global coffee beans market size reached US$ 31.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
What are Coffee Beans?
Coffee beans are the seeds of Arabica and Robuta tropical plants that are dried, roasted, and processed to produce granular powder. They are a rich source of potassium, manganese, and niacin and have a pleasant taste and smell and provide antioxidant properties. They assist in preventing various diseases, such as type 2 diabetes, skin cancers, and heart-related disorders. Besides this, they aid in improving the immune system, lowering the risk of stress, and boosting energy levels among individuals. As a result, coffee beans are widely employed in cosmetics, pharmaceutical, and food and beverages (F&B) industries across the globe.
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What are the growth prospects and trends in the coffee beans industry?
Presently, the rising employment of coffee beans in scrubs, lipsticks, face wash, and face masks to provide moisturizing effects and remove dead skin cells represents one of the key factors strengthening the growth of the market.
Apart from this, the increasing utilization of coffee beans in producing chocolates, muffins, cakes, and cookies is bolstering the growth of the market. Moreover, the rising demand for green coffee beans, as they benefit in reducing weight and improving metabolism in the body, is offering lucrative growth opportunities to industry players.
Furthermore, the increasing adoption of coffee-based shakes and other beverages among the masses around the world is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product:
- Arabica
- Robusta
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End User:
- Personal Care
- Food and Beverages
- Pharmaceutical
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Backyard Beans Coffee Company, Caribou Coffee Company Inc., Coffee Bean Direct LLC, Death Wish Coffee Co., Gold Coffee Company, Hawaiian Isles Kona Coffee Co., illycaffè S.p.A., La Colombe Coffee Roasters, Luigi Lavazza S.p.A., Starbucks Coffee Company, The Coffee Bean Company and The East India Company Ltd.
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