The demand in the global market for coffee beans is augmenting on the trend of drinking coffee as casual drink and proliferating coffee cafés in urban areas, finds a recent report by Transparency Market Research (TMR). The report, titled “Coffee Beans Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” is a thorough analysis of all the factors that are expected to influence the market, and based on that, it presents figurative scenario of the market by the end of 2024. This intelligence study is meant to serve as an asset for the players in making more informed decision. One of the key feature of this report is its section on company profiles wherein several major players in global coffee beans market have been identified for their market share, product portfolio, and strategic developments.
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The report observes that coffee is now consumed worldwide as a re-energizing drink, after a sleep or a tiresome interval. Coffee beans, which are the seeds of the coffee plant, are grinded in order to prepare coffee powder. Arabica, which is most commonly used coffee beans worldwide, and robusta, are the two types of coffee plants. The report finds that in September 2016, world coffee exports was at 8.99 million bags and the demand for freshly brewed coffee and cold brewed coffee is escalating, especially in the country-wide markets of the U.S. and Japan. Several prominent café chains, such as Starbucks and Peet’s Coffee and Tea are actively adding to their regional presence with coffee as their premier product. The growth rate of the global coffee beans market is also gaining from the prosperity of the industries such as coffee confectioneries and personal care products. Moreover, it has been detected by the report that the rapid urbanization in emerging economies such as India, Brazil, China, Singapore, and Australia is leading to coffee culture in corporate offices. However, climate change is affecting the production of coffee bean, which will reflect as rising price of coffee and thereby hinder the growth rate during the forecast period.
The global coffee beans market can be segmented on the basis of product into arabica, robusta, and others, on the basis of application into food, personal care, pharmaceuticals, and dietary supplements, and on the basis of distribution channels into internet retailing, mass retailers, direct selling, and others. Geographically, the report studies the lucrativeness of the regions of North America, Western Europe, Eastern Europe, Latin America, and the Middle East and Africa. Currently, Europe serves the maximum demand, although vast populations in Asia Pacific is projected for the best growth rate.
illy Medium Roast, Lavazza Super Crema Espresso, Kicking Horse Whole Bean, Ethiopian Yirgacheffe, Coffee Bean Direct Italian Roast, and Hawaiian Gold Kona Gourmet Blend are some of the prominent players in global coffee beans.
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