Coffee Beans Market: Overview
The idiom “wake up and smell the coffee” may have a literally different meaning but coffee is does consumed worldwide in order to re-energize one’s self after a sleep, or a tiresome work. Coffee beans are basically the coffee seeds of the coffee plant, which are grinded in order to obtain coffee powder. There are only two types of coffee plants and its coffee beans worldwide one Arabica other is the Robusta. Around 75%-80% coffee beans globally is Arabica and the remaining 20% is Robusta. Most of the coffee beans are produced around the world in along the Equatorial zone called “The Bean Belt”. The demand for coffee and various other coffee based cuisine are on rise from consumer’s end which depicts there is a very much possibility to catapult the market of coffee beans which will resultant into a healthy CAGR of coffee beans market over the forecast period.
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Coffee Beans Market: Drivers & Restraints
The major factors driving the growth of coffee beans market is the increasing consumption of freshly brewed coffee among various age groups due to various reasons associated with drinking of coffee. World coffee exports has amounted to 8.99 million bags in September 2016, compared with 8.89 million bags in September 2015. The demand for freshly brewed coffee, cold brewed coffee has been high from U.S to Japan. Large no of cafe chains are on expansion spree locally and globally e.g. Starbucks, Peet’s Coffee & Tea etc. and such café do offer freshly roasted coffee beans brewed coffee which is their main USP. Even in individual household people are now shedding habit of buying coffee powder and instead buying espresso maker which helps in making coffee with coffee beans. Other factors such as industries such as coffee confectioneries, personal care products etc. are also boosting the growth of coffee beans market.
Recent change in climate which has affected the coffee bean producing countries and its subsequent affect on coffee bean production and rising price of coffee due to low in supply are few restraints for growth of coffee bean market
Coffee bean Market: Market Segmentation
The coffee bean market is segmented into four parts based on the product type, application type, distribution channels, and geography.
Based on the product type the coffee bean market is segmented into:
Based on the application type the coffee bean market is segmented into:
- Personal care
- Dietary Supplements
Based on the type of distribution channels coffee bean market is segmented into:
- Internet Retailing
- Mass Retailers
- Direct Selling
Coffee Beans Market: Regional Outlook
Regarding geography, coffee bean market has been categorized into five key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Coffee bean market is expected to register healthy CAGR during the forecast period. Asia-Pacific represents the significantly high market share and grow with comparatively high CAGR in forecast period. Countries in APEJ such as India, China are witnessing significantly higher demand for coffee beans due to increase in consumption of coffee among the masses. North America is experiencing the rapid increase in the production capacity of coffee bean as demand for coffee beans in the region is always high all time. Western Europe and Eastern Europe are next to North America in coffee beans market, increase in consumption of coffee beans are providing the required thrust for the growth of coffee bean market. Latin America region whereas is one of the significant producer of coffee bean globally and over the forecast period the coffee bean market in Latin America is about to gain significant growth. MEA also do possess similar trends alike Latin America in coffee beans market and do produces significant amount of coffee bean market.
Coffee bean Market: Key Players
Some of the key players identified in the coffee bean market are:-
- illy's Medium Roast
- Lavazza Super Crema Espresso
- Kicking Horse Whole Bean
- Ethiopian Yirgacheffe
- Coffee Bean Direct Italian Roast
- Hawaiian Gold Kona Gourmet Blend
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