New Delhi, October 29, 2022 (Globe Newswire) – The global green coffee market is growing at a positive rate due to the growing interest in plant based nutritional supplements and functional meals and beverages. The market will expand as a result of the increasing demand for premium coffee in both developing and developed countries.
A recent study conducted by the strategic consulting and market research firm, Blue Wave Consultingrevealed that global green coffee market It is expected to grow at a compound annual growth rate of 6.4% from 2022-2028 (forecast period). The global green coffee market is booming due to the growing interest in plant-based nutritional supplements and functional meals and beverages. The market will expand as a result of the increasing demand for premium coffee in both developing and developed countries.
The growing demand for specialty coffee is a major factor in the expected rapid expansion of this industry
Modern shoppers have no problem shelling out more cash for a product that has been improved in quality and has a flavor profile to their liking. Consumers are gearing up for specialty coffee as more and more are available from unique regions and with unique flavours. There are a few key differences between regular and specialty coffees, most notably the fact that specialty coffees are produced at higher altitudes and go through a more rigorous post-harvest processing process. The growing interest in coffee that is better for you and whose origins are also traceable is contributing to the industry’s success. Millennials are becoming interested in specialty coffee because they see it as a high-quality, high-quality alternative to mainstream coffee.
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The increasing demand for nutrients and dietary supplements is expected to further expand the industry
In the recent past, there has been a widespread trend in consumer purchasing behavior towards choosing types of nutritious products that increase overall physical health. This trend is expected to continue in the near future. As a result of the safer choices they offer, consumers are showing an increased interest in the functional food ingredients available. The modern consumer lifestyle is largely to blame for the high rates of obesity, diabetes and cardiovascular disease that we see in today’s society. In recent years, there has been a rise in the amount of interest customers have shown in nutraceuticals and other types of health supplements.
Botanical extracts with active ingredients have become more popular in dietary supplements in recent years due to their wide acceptance as a healthier and safer alternative. Powdered and liquid green coffee bean extracts are becoming increasingly popular in the nutrient world. In grocery stores across Europe and North America, one can hardly find a shelf without seeing a functional drink containing one of these extracts. Green coffee sales are expected to rise in the coming years as a result of heightened health concerns during and after the pandemic.
Global green coffee market – by end user
On the basis of the end user, the market is segmented into general public, blood pressure and heart patients and others. Among these patients, blood pressure and heart patients often consume green coffee because green coffee helps in controlling high blood pressure in people with high blood pressure. Lower cholesterol levels allow for unimpeded continuous blood flow, while increases in body fat impair the heart’s ability to pump blood efficiently. Since consumption of green coffee beans has been shown to lower blood pressure, their use appears to be mutually beneficial.
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The global green coffee market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa on the basis of geographical regions. The need for phytonutrients and other nutritional supplements has led to rapid growth in this North American industry. Green coffee bean extract, which is used to make fortified and functional drinks and meals, is booming in popularity in the health and fitness sector. The growing demand for raw coffee beans is a direct result of the region’s penchant for fermented ground coffee rather than its unprocessed form.
Impact of COVID-19 on the global green coffee market
The COVID-19 pandemic has shifted supply and demand in the global coffee business. Since March 2020, when the World Health Organization classified COVID-19 as a global pandemic, coffee prices have been extremely volatile (WHO). When prices rose, it foreshadowed an increase in the demand for coffee, which affected many importers. Since then coffee prices have fallen. At the end of June 2020, the ICO Composite Index fell below $100/lb. COVID-19 poses a huge challenge to the coffee industry around the world, which is struggling with low prices. The health benefits of coffee bean extract are gaining in popularity. The market for health-promoting nutritional supplements and nutrients is expected to grow in the coming years.
Peet’s Coffee, Starbucks Coffee Company, and Keurig Green Mountain Inc. and Nestlé SA, The Procter & Gamble Company, Tchibo, Louis Dreyfus Company, and Hamburg Harbor Coffee Co. and Merchants of Green Coffee Inc. and other key participants in the Global Green coffee industry. Recent company activities such as introducing new solutions/products, initiating research initiatives, acquisitions, growth in new territories and developing cutting edge technologies are considered when assessing the positioning of market players.
In-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the global Green Coffee market. It also highlights the factors that drive overall market size expectations. The report promises to provide recent technology trends in the global Green Coffee market and industry insights to help decision-makers make sound strategic decisions. Moreover, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- To take advantage of the growing demand for green coffee, Neumann Kaffee Group and Advanced Coffee Equity have teamed up to host a quality control oriented workshop in June 2021.
- Café Holdings, an Oregon-based CBD/CBG company i.e. cannabidiol/cannabigerol producer and supplier also providing agrotech services, in May 2022 partnered with Iron Eye Industries Inc. , to create and operate a blockchain platform for green coffee.
|years considered||Historical data – 2018-2021|
|Base year – 2021|
|Estimated year – 2022|
|Forecast – 2022 – 2028|
|Covered facts||Revenue in billions of dollars|
|market coverage||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Product/retail service||By type, by coffee beans, by end product, by end user and by region|
|The main players||Peet’s Coffee, Starbucks Coffee Company, and Keurig Green Mountain Inc. and Nestlé SA, The Procter & Gamble Company, Tchibo, Louis Dreyfus Company, and Hamburg Harbor Coffee Co. and Merchants of Green Coffee Inc. And other notable players|
- Unroasted green coffee
- fat free green coffee
by Coffee Bean
- Arabica coffee
- Robusta coffee
According to the final product
- green roasted coffee
- instant/soluble coffee
- green coffee bean extract
by end user
- general public
- Patients with high blood pressure and heart
- North Amarica
- Asia Pacific
- Latin america
- Middle East and Africa
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