Global Coffee Beans Market: Overview
The global coffee market is expected to rise at a healthy CAGR between the years of 2016 and 2024. The persistently rising consumption of coffee as a daily beverage as led to phenomenal growth of the overall market in recent years. Coffee beans are treated in several ways to sell various types of coffee blends. Internet retailing, growing number of retailers, and direct selling have collectively contributed toward growth of the global market.
The research report studies in the global coffee beans market in complete detail. It uses a SWOT analysis to analyze the strengths, weaknesses, opportunities, and threats influencing the segments of the global market. Furthermore, the research report also includes recommendations and comments by expert market leaders to authenticate the information provided in the research report.
Global Coffee Beans Market: Drivers and Trends
The global coffee beans market has been growing at a steady pace and is expected to gain momentum in the coming years due to increased consumption of coffee in various parts of the world. The rise of coffee intake across various age groups has led to a high demand for coffee. The research report indicates that the export of coffee accounted to 8.99 million bags in September 2016 from 8.89 million bags in September 2015.
The various types of coffees available in the global coffee beans market are Arabica, Robusta, and others. These coffees are used for personal care, food, dietary supplements, and pharmaceuticals. Analysts expect that the demand for cold coffee is expected to show significant progress across the U.S. and Japan. Strong presence of coffee shop chains such as Peet’s Coffee & Tea and Starbucks have triggered a wave of coffee consumption amongst young population and the working class. Additionally, usage of coffee in production of a wide range of personal care products, baked goods, and chocolates amongst others has also benefitted the global market.
Global Coffee Beans Market: Regional Outlook
In terms of geography, the global coffee beans market is segmented into Latin America, North America, Eastern Europe, Western Europe, the Middle East & Africa, Asia Pacific except Japan, and Japan. The demand for coffee in North America is expected to remain high in the coming years due to an excessive consumption of this brew. The increasing demand for coffee amongst the working population and ubiquitous installment of coffee vending machines at offices, airports, railway stations, and other places are expected to make a generous contribution to the rising revenue of the North America coffee beans market. Furthermore, the spurt of coffee shops in the U.S. and Canada have also spiked the uptake of coffee in recent years.
Asia Pacific is also expected to be a strong contender in the global coffee beans market. Emerging economies such as India and China are expected to be instrumental to the rise of the Asia Pacific coffee beans market. In addition, the market will also be driven by the rising disposable income that is being spent on coffee consumption at coffee shops, growing pool of young population that has been nurturing the coffee-shop culture, and the significantly large coffee plantations that are known to provide some of the best coffee in the world. Latin America too is projected to be an important regional player in the global coffee beans market as the region is known to be the seasoned producer of high-quality coffee beans.
Key Players Mentioned in the Report are:
Some of the key players operating in the global coffee beans market are Kicking Horse Whole Bean, illy's Medium Roast, Ethiopian Yirgacheffe, Lavazza Super Crema Espresso, Hawaiian Gold Kona Gourmet Blend, Coffee Bean Direct Italian Roast, and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.