IMARC Group, a leading market research company, has recently releases report titled “Coffee Beans Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coffee beans market growth, size, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview of Coffee Beans

Coffee beans are derived from the seeds of the coffea plant and undergo cultivation, harvesting, and roasting. They are available as arabica and robusta and are a primary source of caffeine. They are rich in antioxidants, which help protect cells from damage caused by free radicals and reduce the risk of certain diseases among people. They provide a boost of energy and alertness and can enhance cognitive function while combating drowsiness. They may lower the risk of developing type 2 diabetes, Parkinson's disease, and Alzheimer's disease. They assist in reducing the chances of liver diseases, such as liver cirrhosis and liver cancer, and minimizing non-alcoholic fatty liver disease (NAFLD). They aid in improving physical performance, stamina, and endurance during exercise by increasing adrenaline levels. They are also beneficial in stimulating the digestive system and relieving constipation. As a result, coffee beans are widely employed in pharmaceuticals, cosmetics, and food and beverages (F&B) sectors around the world.

How Big Is the Coffee Beans Market?

The global coffee beans market size reached US$ 31.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.

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What are the growth prospects and trends in the coffee beans industry?

Presently, the rising number of cafes, restaurants, hotels, and resorts worldwide represents one of the key factors strengthening the market growth. Additionally, the increasing adoption of ready-to-drink (RTD) coffee and single-serve coffee pods among people with busy lifestyles is impelling the market growth. Apart from this, the escalating demand for coffee beans in producing chocolates, muffins, cakes, and cookies is positively influencing the market.

In addition, the rising utilization of coffee beans in the cosmetic industry in numerous products, such as face wash, scrubs, lipsticks, and face masks to provide moisturizing effects and remove suntan is supporting the growth of the market. Furthermore, the increasing development of low-acid and organic coffee varieties to cater to health-conscious individuals is contributing to the market growth.

In line with this, rising preferences for ethically sourced and sustainably grown coffee beans are providing lucrative growth opportunities to industry investors. Moreover, the growing demand for specialty coffee with unique flavor profiles is offering a favorable market outlook.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

  • Arabica
  • Robusta
  • Others

Breakup by Distribution Channel:

  • Online
  • Offline

Breakup by End User:

  • Personal Care
  • Food and Beverages
  • Pharmaceutical

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

Backyard Beans Coffee Company, Caribou Coffee Company Inc., Coffee Bean Direct LLC, Death Wish Coffee Co., Gold Coffee Company, Hawaiian Isles Kona Coffee Co., illycaffè S.p.A., La Colombe Coffee Roasters, Luigi Lavazza S.p.A., Starbucks Coffee Company, The Coffee Bean Company and The East India Company Ltd.

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