Albany, NY — (SBWIRE) — 10/13/2017 — Global Coffee Beans Market: Overview
The global coffee market is expected to rise at a healthy CAGR between the years of 2016 and 2024. The persistently rising consumption of coffee as a daily beverage as led to phenomenal growth of the overall market in recent years. Coffee beans are treated in several ways to sell various types of coffee blends. Internet retailing, growing number of retailers, and direct selling have collectively contributed toward growth of the global market.
The research report studies in the global coffee beans market in complete detail. It uses a SWOT analysis to analyze the strengths, weaknesses, opportunities, and threats influencing the segments of the global market. Furthermore, the research report also includes recommendations and comments by expert market leaders to authenticate the information provided in the research report.
Global Coffee Beans Market: Drivers and Trends
The global coffee beans market has been growing at a steady pace and is expected to gain momentum in the coming years due to increased consumption of coffee in various parts of the world. The rise of coffee intake across various age groups has led to a high demand for coffee. The research report indicates that the export of coffee accounted to 8.99 million bags in September 2016 from 8.89 million bags in September 2015.
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The various types of coffees available in the global coffee beans market are Arabica, Robusta, and others. These coffees are used for personal care, food, dietary supplements, and pharmaceuticals. Analysts expect that the demand for cold coffee is expected to show significant progress across the U.S. and Japan. Strong presence of coffee shop chains such as Peet’s Coffee & Tea and Starbucks have triggered a wave of coffee consumption amongst young population and the working class. Additionally, usage of coffee in production of a wide range of personal care products, baked goods, and chocolates amongst others has also benefitted the global market.
Global Coffee Beans Market: Regional Outlook
In terms of geography, the global coffee beans market is segmented into Latin America, North America, Eastern Europe, Western Europe, the Middle East & Africa, Asia Pacific except Japan, and Japan. The demand for coffee in North America is expected to remain high in the coming years due to an excessive consumption of this brew. The increasing demand for coffee amongst the working population and ubiquitous installment of coffee vending machines at offices, airports, railway stations, and other places are expected to make a generous contribution to the rising revenue of the North America coffee beans market. Furthermore, the spurt of coffee shops in the U.S. and Canada have also spiked the uptake of coffee in recent years.
Asia Pacific is also expected to be a strong contender in the global coffee beans market. Emerging economies such as India and China are expected to be instrumental to the rise of the Asia Pacific coffee beans market. In addition, the market will also be driven by the rising disposable income that is being spent on coffee consumption at coffee shops, growing pool of young population that has been nurturing the coffee-shop culture, and the significantly large coffee plantations that are known to provide some of the best coffee in the world. Latin America too is projected to be an important regional player in the global coffee beans market as the region is known to be the seasoned producer of high-quality coffee beans.
Key Players Mentioned in the Report are:
Some of the key players operating in the global coffee beans market are Kicking Horse Whole Bean, illy’s Medium Roast, Ethiopian Yirgacheffe, Lavazza Super Crema Espresso, Hawaiian Gold Kona Gourmet Blend, Coffee Bean Direct Italian Roast, and others.