The global coffee grounds market is projected to grow steadily at a CAGR of 5.1%, reaching approximately USD 23.3 billion by 2032. Coffee grounds are rich in nitrogen, making them valuable for enhancing soil fertility. They are commonly used in composting and contribute to nutrient-rich soil. The market is expanding due to their benefits in fertilization and pest management, coupled with competitive pricing strategies and effective marketing by coffee bean producers.
The global Coffee Grounds market is set to witness growth at a CAGR of 5.1% and is anticipated to reach a valuation of around USD 23.3 Billion by 2032.
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Coffee grounds include nitrogen, which can support the soil’s structure. To boost the fertility of the soil, they could either be dispersed or assimilated. Coffee is frequently found in worm bins or compost piles. This procedure contributes to the creation of fertile soil with a high nitrogen content.
Due to the benefits of employing coffee grounds for fertilisation and pest management, as well as the producers’ adoption of competitive pricing strategies, the market for coffee grounds is expanding. The development of enticing packages and cost-effective coffee bean advertising aid in business progress.
Conversely, frequent coffee use can raise cholesterol levels and lead to hearing loss. The market for coffee grinds will therefore be small. There will probably be a bigger demand for coffee grounds in the near future due to rising demand in the cosmetics industry.
The use of coffee in the medicinal sector is expanding the market for coffee beans worldwide. The health benefits associated with dietary supplements manufactured from coffee beans have led to a rise in the use of coffee beans. Compared to other types of unroasted coffee beans, green coffee beans have a higher concentration of chlorogenic acid since they have not been roasted. Customers are taking green coffee beans as weight-loss supplements more frequently as a result.
Key Takeaways from Market Study
- The market is segmented based on product type, wherein, Classic Roast Ground Coffee is anticipated to account for around 24.4% of the market share over the forecast period.
- The North American Coffee Grounds market is expected to witness a lucrative growth rate of 6.8% during the forecast period.
- East Asia is inferred to account for 16.9% of the global Coffee Grounds consumption through 2032.
“An increasing number of consumers expecting their products to be sustainable, organic and carbon-neutral the market of coffee grounds is projected to grow in the forecast period.” According to the FMI analyst.
Competitive Landscape
Businesses all over the world are focused on zero waste and circular economy concepts, which has led to the introduction of fresh coffee grounds. To strengthen their position in the coffee grounds industry, several of the biggest corporations are focused on product development and strategic alliances with developing enterprises. Aside from that, new introductions are projected to remain a priority during the forecast period.
Some of the key players operating in the Coffee Grounds market are Starbucks, USS, Death Wish Coffee Company, Foglers Coffee, Royal Kona, Jo Coffee, Hills Bros. Coffee, Peet’s, The Kraft Heinz Company, Kicking Hourse, Red Thread and others
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global Coffee Grounds market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on the Coffee Grounds market by product type (drip ground coffee, classic roast ground coffee, sumatra ground coffee, others) by application (food and beverage, agriculture, cosmetic and personal care, insecticides and pesticides) & region across seven major regions of the world.
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Coffee Grounds Market by Category
By Type, Coffee Grounds Market is Segmented as:
- Drip Ground Coffee
- Classic Roast Ground Coffee
- Sumatra Ground Coffee
- Others
By Application, Coffee Grounds Market is Segmented as:
- Food and Beverage
- Agriculture
- Cosmetic and Personal care
- Insecticides
- Pesticides
By Regional, Coffee Grounds Market is Segmented as:
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Frequently Asked Questions
- How Big is the Coffee Grounds Market?
- What is the CAGR of the Coffee Grounds Market for the period 2022- 2032?
- What is the North America Coffee Grounds Market share?
- What Are the Key Trends Shaping the Coffee Grounds Market?
- What are the key players in the Coffee Grounds Market?
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