Coffee Beans Market Size is expected to reach USD 42.5 billion by 2019 - 2025
Coffee Beans Market Size is expected to reach USD 42.5 billion by 2019 - 2025 “Coffee Beans Market Size, Share & Trends Analysis Report By Product (Arabica, Robusta), By Application (Food & Beverages, Cosmetics, Pharmaceuticals), By Region, And Segment Forecasts, 2019 - 2025.” The global coffee beans market size is expected to reach USD 42.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.7% over the forecast period. Increasing consumption of coffee across various regions and health benefits related to the beverage are the major factors for the growth of market. Moreover, increase in the number of coffee retail shops and cafes in India and China, coupled with rise in consumption of this beverage among different age groups, especially young generation, has driven the demand for these beans. Arabica dominated the market in 2018 and is expected to maintain its lead in the forecast period. Arabic is the mostly consumed owing to its sweet taste and high presence of lipids. Robusta beans is expected to be the fastest growing segment due to growing demand from the pharmaceutical industry owing to high caffeine content. Many manufacturers are focusing on improving their product to produce better quality of coffee. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/coffee-beans-market/request-sample Follow Us: For instance, in 2019, Lavazza launched a new cold coffee brew, which is made up of robusta bean. Furthermore, Roadchef, a motor service company, had tied up with bio-bean to use the recycle waste coffee beans into fuel, which is expected to have a positive effect on the market growth over the forecast period. North America was the largest regional market in 2018 due to growing demand for coffee vending machines at railway stations and other places. Furthermore, increasing popularity of this beverage among the working population is anticipated to make a reasonable contribution to the market revenue. Furthermore, increase in the number of coffee shops in Canada and U.S. has led to a rise in consumption of robusta and arabica beans in recent years. MEA is estimated to expand at the fastest CAGR of 9.9% over the forecast period owing to increasing consumption of coffee. Moreover, penetration of various pharmaceutical companies such as Novartis and Allergan is expected to fuel demand for robusta and arabica beans over the forecast period. Asia Pacific is expected to witness substantial growth over the forecast period. Increasing number of franchise outlets, coupled with rise in demand from the pharmaceutical and cosmetic industries, is driving the market in the region. Browse Full Research Report at: https://www.radiantinsights.com/research/coffeebeans-market Further key findings from the report suggest: By product, arabica dominated the global market with an overall revenue share of 61.2% in 2018. Robusta is anticipated to ascend at a CAGR of 7.4% over the forecast period The food and beverages application segment held the largest share of more than 70.0% in 2018 owing to increasing number of coffee retail outlets in developing countries such as India and China North America dominated the global market in 2018, accounting for 29.2% share of the overall revenue. This trend is projected to continue over the next few years Middle East and Africa is anticipated to be the fastest growing market with a CAGR of 9.9% during the forecast period Follow Us: Key players include Death Wish Coffee; Kicking Horse Whole Beans; Caribou Coffee; La Colombe Corsica Blend; Illycaff S.p.A.; Luigi Lavazza S.P.A.; Coffee Beans International, Inc.; La Colombe Torrefaction, INC.; and Hawaiian Isles Kona Coffee Company, Ltd. See More Reports of This Category by Radiant Insights at: https://www.radiantinsights.com/catalog/consumer-goods About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. Contact Details: Michelle Thoras Corporate Sales Specialist, USA Radiant Insights, Inc 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States Phone: 1-415-349-0054 Toll Free: 1-888-202-9519 Email: [email protected] Web: http://www.radiantinsights.com/ Visit Our Blog: http://industryinsightreport.blogspot.com Follow Us:
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