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.
Modern consumers have no trouble spending more money for a product that has increased in quality and has an appealing flavour profile. As more speciality coffee from distinctive places and with distinctive flavours becomes accessible, consumers are becoming more accepting of it. Normal and speciality coffees differ in a few important ways, the most significant of which is that specialty coffees are grown at higher elevations and go through more rigorous processing after harvest. The development of the sector is also influenced by the rising demand for coffees with verifiable origins and higher health benefits. Because they view specialty coffee as a high-value, high-quality alternative to mainstream coffee, millennials are starting to show an interest in it.
Consumer purchasing behaviour has recently seen a general trend towards the choice of nutrient-dense product categories that improve overall physical wellness. In the foreseeable future, it is anticipated that this tendency will persist. Customers are becoming more interested in the available functional food ingredients since they provide safer alternatives. The disturbingly high rates of obesity, diabetes, and cardiovascular illness that are being observed in today’s society are largely attributable to the modern consumer lifestyle. Customers’ interest in nutraceuticals and other types of health supplements has increased over the past few years.
Due to its increasing recognition as a healthier and safer alternative, plant extracts with active components have become more ubiquitous in dietary supplements in recent years. Green coffee bean extracts, both powdered and liquid, are becoming more and more popular in the nutraceuticals industry. There is barely a shelf in a grocery shop in Europe or North America that doesn’t have a functional beverage that contains one of these extracts. Due to growing health concerns during and following the epidemic, green coffee sales are anticipated to increase in the upcoming years.
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A list of some of the key suppliers present in the market 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
Report Coverage and Highlights
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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About ChemView Consulting:
ChemView Consulting is a leading market research firm in the Asia Pacific, with expertise in Chemicals & Materials, Food & Beverages, Packaging, Oil & Gas, New & Renewable Energy, and Disruptive Technologies. We are one of the top market intelligence firms specializing in business analytics with an expertise in the ever-growing chemicals industry. We track high-growth markets with innovative ideas and opportunities insights through B2B research.
Our client base ranges from industry experts, investors, top companies in the chemicals; and oil & gas industry to SMEs, start-ups, and new entrants. We have worked with over 100 companies to upscale their position as the global leader in the chemical & materials landscape with our cutting-edge analytics and advisory services.
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