A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global green coffee market is expected to grow at a CAGR of 6.4% from 2022-2028 (forecast period).
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Green Coffee Market trends, Demand, Report 2022-2028
1. Green Coffee Market - Global Size, Share,
Trend Analysis, Opportunity and Forecast
Report, 2022-2028
2. Global Green Coffee Market - Industry Trends & Forecast
Report 2028
A recent study conducted by the strategic consulting and market
research firm, BlueWeave Consulting, revealed that the
global green coffee market is expected to grow at a CAGR of 6.4%
from 2022-2028 (forecast period). Global green coffee market is
booming because of the increasing interest in plant-based dietary
supplements, functional meals and beverages. The market will
expand as a result of rising demand for specialty coffee in both
developing and developed countries.
Modern shoppers have no problem shelling out more cash for a
product that has been improved upon in terms of quality and has a
flavor profile that appeals to them.
3. Growth Drivers
Increasing consumer awareness of green coffee's health benefits
is expected to fuel the industry's expansion
Chlorogenic acid is a powerful antioxidant that is abundant in green
coffee beans. Knowing that the product has a high concentration of
antioxidants has led to a dramatic surge in demand in recent years.
Extracts from beans are commonly used to boost the nutritional
value of foods and drinks like protein shakes and functional
beverages. Scientific research has shown that the chlorogenic acid
in this product is effective at assisting with glycemic management.
Beverages containing green coffee bean extract are currently
experiencing increased sales at retail stores.
4. Restraints
The coffee bean market will be slowed by the high price volatility
of the commodity
As one of the most consumed beverages on the planet, coffee has
historically been the second most traded commodity after oil.
Traditional coffee importing markets, like the United States and
Japan, have seen an increase in interest in specialty, fair-traded,
organic, and bird-friendly coffee varietals. The value of coffee
imported over the previous decade has surged dramatically, by
more than 100% in most countries, including The Asia Pacific and
The Middle East and Africa. The increased volatility in coffee prices
can be attributed to natural disasters, epidemics, and other
external shocks.
5. Impact of COVID-19
The global coffee industry has been hit hard by the COVID-19
pandemic, which has caused a dramatic shift in supply and
demand. Because of supply chain interruptions, coffee prices have
been extremely unpredictable since March 2020, when COVID-19
was declared a global pandemic by the World Health Organization
(WHO). When prices first spiked, it was a foreshadowing of rising
coffee demand, which had a significant impact on many nations
that import coffee. Since then, however, coffee prices have steadily
decreased.
Sample Copy of the Report:
https://www.blueweaveconsulting.com/report/green-coffee-
market/report-sample
6. Global Green Coffee Market – Regional Insights
On the basis of region, the market is divided into North America,
Europe, Asia Pacific, Latin America, and Middle East and Africa.
Because of the increasing demand for nutraceuticals and other
nutritional supplements that are derived from plants, the market in
North America is seeing significant expansion. The health and
fitness industry are experiencing a significant increase in demand
for green coffee bean extract, which is used in the production of
fortified and functional foods and beverages. The widespread use
of roasted ground coffee across the region is driving up the
demand for raw coffee beans, which are necessary for further
processing of coffee.
7. Competitive Landscape
Key players operating in global green coffee market are Peet’s
Coffee, Starbucks Coffee Company, Keurig Green Mountain Inc.,
Nestlé S.A., The Procter & Gamble Company, Tchibo, Louis Dreyfus
Company, Hamburg Harbor Coffee Co., Merchants of Green Coffee
Inc., and other prominent players. Companies' recent activities, like
the introduction of new solutions/products, the beginning of
research projects, the making of acquisitions, the expansion of
operations into new regions, and the development of cutting-edge
technologies, are taken into account when determining their final
standing in the specialty green coffee market player positioning.
8. Recent Development
To cash in on the surging demand for green coffee, Neumann
Kaffee Group and Advanced Coffee Equity collaborated to host a
quality control-oriented workshop in June 2021.
Café Holdings, an Oregon-based CBD/CBG i.e.,
cannabidiol/cannabigerol producer and supplier that also provides
agrotech services, in May 2022 has partnered with Iron eye
Industries Inc., to create and operate a blockchain platform for
green coffee.
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