Market Overview
Green Coffee Market reached USD million in 2023 and is projected to witness lucrative growth by reaching up to USD million by 2031. The market is expected to exhibit a CAGR of 4.1% during the forecast period (2024-2031). Green coffee beans are regular coffee beans that haven't been roasted and are still in their unroasted state.
Green coffee bean extract is widely used as a weight-loss supplement to lower body fat and improve health indicators like cholesterol and blood pressure. Chlorogenic acid helps the body's metabolism of fat and glucose and decreases the absorption of carbohydrates, prevents blood sugar spikes, and maintains a healthy lipid profile.
Market Summary
| Metrics | Details |
| CAGR | 4.1% |
| Size Available for Years | 2022-2031 |
| Forecast Period | 2024-2031 |
| Data Availability | Value (US$) |
| Segments Covered | Type, End Product, and Region |
| Regions Covered | North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
| Fastest Growing Region | Europe |
| Largest Region | North America |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
Growing consumer awareness regarding its health benefits
Green coffee beans contain large amounts of chlorogenic acid, a potent antioxidant. Recent years have seen a drastic increase in demand for green coffee beans due to cosnsumers becoming aware that it contains a high concentration of antioxidants. Green coffee aids in the loss of body weight and body fat. Green coffee is helpful for diabetics and controls blood cholesterol levels. Growing concerns about obesity and illnesses linked to a sedentary lifestyle, such as diabetes and cardiovascular diseases, are factors that are expected to drive the market growth during the forecast period.
In order to increase the nutritional value of foods and beverages like protein shakes and functional beverages, bean extracts are frequently used. The chlorogenic acid in this product has been proven to help with glycemic control through scientific research. Retail stores are currently seeing an increase in sales of beverages that contain green coffee bean extract, which drives the market growth.
The growing popularity of specialty coffee significantly fuels the market growth
The demand for high-value foods and beverages has significantly increased due to the rising discretionary income levels among consumers in Asia Pacific, Europe, and North America. Modern consumers are willing to spend more money on goods of higher quality with alluring tastes and flavors. Due to its varied origins and flavors, specialty coffee is growing in popularity among consumers. Due to their higher elevation, traceability, and careful processing after harvest, specialty coffees differ from regular coffee.
Moreover, Kenyan, Colombian, Guatemalan, and Ethiopian coffees are among the most widely consumed in Europe and North America. The growing popularity of healthy coffee varieties with traceable origins also increases consumer demand. Millennials are becoming more interested in specialty coffee as they believe it to be a higher-quality and more valuable product. Olam and Starbucks, two of the top coffee producers, are concentrating their investments on the launch of new specialty coffee products in order to diversify their product offerings. Therefore, these factors are expected to drive market growth over the forecast period.
The price volatility of coffee beans will be an impediment to market expansion
The high price volatility of green coffee beans hampers the global market growth. One of the most consumed drinks in the world is coffee. In the world's commodity markets, coffee is one of the most actively traded beverages. Arabica coffee, which makes up about 60% of all coffee traded globally and about which there have been more supply disruption worries and ongoing demand uncertainty worries, is primarily responsible for the high price volatility. Market expansion may be hampered by the supply-side effects, which vary in strength in the downstream value chain and include international shipping and local currency devaluations.
Market Segment Analysis
The global green coffee market is segmented based on type, end product, and region.
Increasing demand for Arabica beans due to its flavors and high quality
Arabica segment holds dominant position in the global market for coffee beans, accounting for YY% of it. Arabica is distinguished as a premium coffee variety by the sweetness, fruit, and berry notes on the palate. Due to this, both businesses and cafes are choosing premium Arabica coffee blends. Due to their high caffeine content, Arabica coffee beans are more potent and less acidic than other types of coffee. Arabica makes up about a quarter of all coffee consumed worldwide. Arabica segment is expected to maintain its market dominance during the forecast period due to its exceptional flavour and high quality.
Market Geographical Share
Increased demand for green coffee in Europe, owing to increasing health consciousness among consumers
Europe region is expected to hold dominant position in the global green coffee market. Green coffee beans are known to positively affect our glucose metabolism and help us maintain blood sugar levels. Green coffee beans' high antioxidant content helps body tissues heal and recover while also preventing aging. Due to these health benefits, there is increasing demand for green coffee among consumers. Therefore, to have the largest coffee market in the world, Europe imports the most sustainable coffee. According to the Confederation of British Industry, 3.1 million tons of green coffee beans were imported into Europe in 2021 from countries that produce the beans, making up nearly 86 percent of all imports.
During the projection period, the market demand will be driven by rising imports from countries like Germany and Italy, and high levels of coffee consumption in those nations. Specialty coffee shops are expanding rapidly, particularly in Eastern European nations like Poland, Romania, and Bulgaria, which will present enormous opportunities for the major market players. Germany, the U.K., Spain, and France are among the top markets in the European continent.
Companies and Competitive Landscape
The major global players include 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, Green Coffee Brazil, and WS Cafe.
Key Developments
- On February 1, 2023, Sucafina North America acquired a 100% stake in Sustainable Harvest's equity shares, a Portland, Oregon-based importer of green coffee. Through this acquisition, they are giving them more robust financial backing they require to carry out some of the most cutting-edge sustainability initiatives in the business while preserving their autonomy as a company.
- In May 2022, Café Holdings, an Oregon-based producer and supplier of CBD/CBG, partnered with Iron eye Industries Inc. to develop and run a blockchain platform for green coffee.
- On July 8, 2021, Neumann Kaffee Gruppe, a German company, partnered with Coffee Coalition for Racial Equity (CCRE), a U.S. non-profit organization, to promote equity and diversity in the coffee industry.
Why Purchase the Report?
- To visualize the global green coffee market segmentation based on type, end product, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of green coffee market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global green coffee market report would provide approximately 53 tables, 46 figures and 99 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
