Green Coffee Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Green Coffee Market grew at a CAGR of 4.2% between 2017-2021 and is estimated to be US$ 31,879.6 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 49,508.0 Mn by 2032 end.
Globally, the industry is expanding significantly. The demand for green coffee beans has greatly expanded due to the popularity of plant-based dietary supplements, functional foods, and beverages. During the projected period, the market expansion is anticipated to be fueled by the increased demand for specialty coffee variants in developing and developed regions.
GROWING KNOWLEDGE REGARDING THE HEALTH BENEFITS OF GREEN COFFEE AMONG CONSUMERS TO DRIVE MARKET GROWTH
A significant source of chlorogenic acid, an antioxidant easily absorbed by the body, is found in green coffee beans. The product’s demand has significantly expanded over the past several years due to knowledge of its high antioxidant content. To enhance the nutritional profile of dietary supplements and functional beverages, bean extracts are often used in these products.
Studies have shown that the product’s chlorogenic acid contributes to maintaining normal blood glucose levels. Sales of beverages containing green coffee bean extracts have recently increased across retail locations as most of them make weight loss claims. The market will expand throughout the anticipated period due to rising worries about obesity and lifestyle-related health issues, including diabetes and cardiovascular diseases.
PRICE VOLATILITY OF COFFEE BEANS TO ACT AS A KEY RESTRAINT FOR MARKET GROWTH
Since coffee is one of the most consumed beverages worldwide, it has been the second most traded commodity after oil. The top three countries that import coffee beans worldwide are the United States, the European Union (EU), and Japan. Traditional coffee-importing markets, including the U.S., E.U., and Japan, have seen new trends emerge thanks to specialty, fair-traded, organic, and bird-friendly coffee varietals.
In the last ten years, coffee import values have climbed dramatically by more than 100% in most locations, including the Middle East and Asia Pacific. Due to weather, sickness, and outside shocks, coffee price volatility has increased dramatically.
RISING POPULARITY OF NUTRACEUTICALS & DIETARY SUPPLEMENTS TO DRIVE MARKET GROWTH
Over the past few years, there has been a dramatic movement in consumer purchasing behavior toward choosing healthy product options that have enhanced overall physical fitness. Due to their safer substitutes, consumer interest in food components with functional qualities has significantly increased. The prevalence of lifestyle-related health issues like obesity, diabetes, and cardiovascular diseases has increased due to the current consumer lifestyle.
Consumer interest in nutritional supplements and nutraceuticals to improve health is growing. Plant extracts with active components have increased in popularity in dietary supplements over the past few years due to perceptions that they are healthier and safer. Green coffee bean extracts are now commonly employed in nutraceuticals in powder and liquid form.
Market Segments Covered in Report
By Region and Country:
Why is Roasted Coffee estimated to account for the largest market share?
The increased demand for roasted coffee among consumers primarily drives this market. The most popular finished good is roasted coffee, widely consumed in the United States and Europe. The coffee flavor is retained in roasted coffee, making it high-quality. The rising demand for roasted coffee in the Middle East and Asia Pacific developing regions has been a major factor in the market’s expansion.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for green coffee worldwide, the market players can anticipate attractive future growth prospects.
Some of the key developments that have taken place in the Green Coffee Market include the following:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, End-User and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.
Growing knowledge regarding the health benefits of green coffee among consumers to drive market growth
Major global Green Coffee Market players are The Hamburg Coffee Company, Neumann Kaffee Gruppe, Merchants of Green Coffee, Belco S.A., Starbucks Corporation, Nordic Approach S.A., Golden Bean Trade, Atlantica Coffee, Group MAGNUS BRAZIL-The Green Coffee Brazil, WS Cafe
Price volatility of coffee beans to act as a key restraint for market growth
Europe is expected to account for the largest market revenue share in the Global Green Coffee market.
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