Green Coffee Market to Reach USD 47.22 Billion by 2028; Demand for ‘Natural & Or… – Press Release

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Pune India, May 11, 2022 (GLOBE NEWSWIRE) — The global green coffee market size was valued at USD 34.03 billion in 2020. The market value is estimated to increase from USD 35.40 billion in 2021 to USD 47.22 billion by 2028 with a CAGR of 4.20% during the forecast period. The market is gaining momentum from the rising consumer awareness of various health benefits of the product among consumers. The product is also gaining popularity in nutraceutical products and dietary supplements. Fortune Business Insights presents this information in its report titled “Green Coffee Market, 2021-2028.”                                       

Green coffee has gained tremendous popularity across the world over the past few years. Its demand is increasing due to growing consumer inclination towards functional foods & beverages and plant-based dietary supplements. Specialty coffee varieties such as green coffee beans are attracting an enormous consumer base worldwide. With increased disposable incomes, consumers are increasingly spending on premium-quality food & beverage products. These factors will work in favor of the market expansion during the forecast timeline.

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COVID-19 Impact:      

Disruptions in Coffee Supply Chains amid COVID-19 to Impact Market Development    

The global coffee sector experienced unprecedented supply chain disruptions amid the pandemic, with demand witnessing a significant drop during 2020. Supply chain uncertainty led to a rise in coffee prices in many regions. Consequently, coffee imports across various countries were hampered. The International Coffee Organization (ICO) reports that the composite indicator dropped below the USD 100 cents/lb. mark at the end of June 2020. However, increased health concerns among consumers amid the pandemic increased the product demand….

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