Pune India, May 11, 2022 (GLOBE NEWSWIRE) -- The global green coffee market size was valued at USD 34.03 billion in 2020. The market value is estimated to increase from USD 35.40 billion in 2021 to USD 47.22 billion by 2028 with a CAGR of 4.20% during the forecast period. The market is gaining momentum from the rising consumer awareness of various health benefits of the product among consumers. The product is also gaining popularity in nutraceutical products and dietary supplements. Fortune Business Insights presents this information in its report titled "Green Coffee Market, 2021-2028."
Green coffee has gained tremendous popularity across the world over the past few years. Its demand is increasing due to growing consumer inclination towards functional foods & beverages and plant-based dietary supplements. Specialty coffee varieties such as green coffee beans are attracting an enormous consumer base worldwide. With increased disposable incomes, consumers are increasingly spending on premium-quality food & beverage products. These factors will work in favor of the market expansion during the forecast timeline.
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COVID-19 Impact:
Disruptions in Coffee Supply Chains amid COVID-19 to Impact Market Development
The global coffee sector experienced unprecedented supply chain disruptions amid the pandemic, with demand witnessing a significant drop during 2020. Supply chain uncertainty led to a rise in coffee prices in many regions. Consequently, coffee imports across various countries were hampered. The International Coffee Organization (ICO) reports that the composite indicator dropped below the USD 100 cents/lb. mark at the end of June 2020. However, increased health concerns among consumers amid the pandemic increased the product demand. U.S.
List of Key Players Profiled in the Report:
- The Hamburg Coffee Company (Germany)
- Neumann Kaffee Gruppe (Germany)
- Merchants of Green Coffee (U.S.)
- Belco S.A. (France)
- Starbucks Corporation (U.S.)
- Nordic Approach S.A. (Norway)
- Golden Bean Trade (Brazil)
- Atlantica Coffee (Brazil)
- Group MAGNUS BRAZIL-The Green Coffee Brazil (Brazil)
- WS Cafe (Vietnam)
Segments:
Based on type, the market is bifurcated into Arabica and Robusta.
On the basis of end product, the market is divided into roasted coffee, green coffee bean extract, and instant/soluble coffee.
Geographically, the market is split into North America, South America, Asia Pacific, Europe, and the Middle East & Africa.
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Report Coverage-
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into the regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Growing Use in Nutraceuticals & Dietary Supplements to Boost Market Growth
The green coffee market growth is primarily driven by the increasing awareness towards the various health benefits of the product among consumers. Green coffee beans are a major source of chlorogenic acid, which is an antioxidant that can be absorbed in the body readily. High antioxidant content has thus increased the product popularity significantly. Studies have also shown that the beverage can aid weight loss. This factor is driving its adoption among obese and overweight individuals.
Attributed to the aforementioned health benefits, green coffee is being increasingly used in nutraceutical products and dietary supplements. Increased focus over healthy and immunity will thus help the market proliferate over the projected timeframe.
However, price volatility of green coffee beans could hamper the market growth to some extent.
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2021-2028 |
| Forecast Period 2021 to 2028 CAGR | 4.20% |
| 2028 Value Projection | USD 47.22 Billion |
| Base Year | 2020 |
| Market Size in 2020 | USD 34.02 Billion |
| Historical Data for | 2017 to 2019 |
| No. of Pages | 211 |
| Segments covered | Roasted Coffee, Instant/Soluble Coffee, and Green Coffee Bean Extract |
| Growth Drivers | Growing Knowledge Regarding Health Benefits of Green Coffee among Consumers to Drive Market Growth. |
| Rising Popularity of Specialty Coffee to Fuel Market Growth Significantly. | |
| Pitfalls & Challenges | Price Volatility of Coffee Bean to Act as a key Restraint For Market Growth. |
Regional Insights:
Europe is expected to lead the global green coffee market share during 2021-2028. The region is witnessing a notable uptick in product adoption for further processing in instant coffee and roasted coffee products. Specialty coffee products are gaining popularity among health-conscious consumers across Germany, Spain, and Italy.
North America will witness growth owing to the thriving nutraceutical sector. The region is witnessing heavy usage of nutraceutical products and dietary supplements. Rise of the fitness sector and presence of major players such as Starbucks will drive the regional market forward.
Meanwhile, the market is Asia Pacific will record notable growth during the analysis period due to rising disposable incomes of consumers and increased spending on premium-quality coffee products.
Competitive Landscape
Industry Development:
June 2021: Neumann Kaffee Groupe partnered with Advanced Coffee Equity to conduct a quality control-focused training to capitalize on the growing green coffee trend in the
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/green-coffee-market-106635
Major Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview of the Parent/Related Markets
- Industry SWOT Analysis
- Supply Chain Analysis
- Recent Industry Developments - Policies, Partnerships, Launches, and Mergers & Acquisitions
- Qualitative Analysis Related to COVID-19
- Impact of COVID-19 on the Market
- Supply Chain Challenges amidst Pandemic
- Potential Opportunities due to this Global Crisis
- Global Green Coffee Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Arabica
- Robusta
- By End Product
- Roasted Coffee
- Instant/Soluble Coffee
- Green Coffee Bean Extract
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By Type
- North America Green Coffee Market Analysis, Insights and Forecast, 2017-2028
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type
- Arabica
- Robusta
- By End Product
- Roasted Coffee
- Instant/Soluble Coffee
- Green Coffee Bean Extract
- By Type
TOC Continued....!
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