The coffee grounds market is experiencing a significant upward trajectory, driven by multiple factors including the growing popularity of compostable materials, increasing demand for natural solutions in pet care, and rising interest in sustainable fuels. With a projected CAGR of 10.7%, the market is poised to reach a valuation of US$ 1,772.80 million by 2034, up from US$ 639.9 million in 2024.
Across several industries, demand for coffee grounds is increasing. Coffee grounds are becoming more and more valued for their adaptability and environmentally beneficial qualities. They may be used for anything from gardening and composting to pet care and home upkeep. The industry is also profiting from the rising use of coffee flour in baked goods and the rising need for organic components in cosmetic products.
Coffee grinds contain nitrogen, which keeps the soil’s structure intact. They could be dispersed or absorbed to improve the fertility of the soil. Coffee is frequently found in worm bins and compost piles. This process contributes to the creation of nitrogen-rich, fertile soil.
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Several factors are contributing to the growth of the coffee grounds market. These include the surge in gardening activities, driven by both commercial and household sectors, the rising trend of pet adoption leading to the demand for chemical-free flea control solutions, and the increasing use of coffee grounds in the production of sustainable biofuels. Furthermore, the market is witnessing a boost from social media advertising and innovative packaging strategies employed by suppliers to appeal to consumers.
Key Takeaways for Investors:
1. Lucrative Growth Prospects: With a projected CAGR of 10.7% and a market valuation set to reach US$ 1.77 billion by 2034, the coffee grounds market presents lucrative investment opportunities for stakeholders.
2. Diverse Applications: Coffee grounds find applications across various industries, including horticulture, pet care, household maintenance, biofuel production, and cosmetics, diversifying revenue streams and reducing investment risk.
3. Sustainability Focus: The market’s alignment with sustainability trends, such as composting and recycling, enhances its appeal to environmentally conscious consumers and investors alike.
4. Innovation and Collaboration: Market players are leveraging innovation, such as coffee-based products like coffee flour and recycled coffee grounds in cosmetics, to drive market growth. Collaborations with other stakeholders in the coffee sector further amplify market opportunities.
5. Market Expansion: With significant growth expected in key regions like China, India, the United States, and Europe, investors can capitalize on the expanding consumer base and increasing demand for coffee grounds in these markets.
“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.” -says Nandini Roy Choudhury (client Partner for Food and Beverages at Future Market Insights, Inc.)
Recent Developments in the Coffee Grounds Market
- In May 2022, Kaffeeform launched the Weducer Cup Refined, a coffee mug made from coffee grounds.
- In July 2023, Tim Hortons opened the Green Environmental Protection Experimental Store in Shenzhen, China, which is focused on coffee grounds.
- In September 2022, Nivea launched a face cream as part of its Naturally Good range, containing recycled coffee grounds. The company leveraged its Kaffe Bueno for the development of the product.
Key Companies in the Coffee Grounds Market
- Death Wish Coffee Company
- Folgers Coffee
- Hills Bros. Coffee
- Kicking Horse Coffee
- Peet’s Coffee
- Red Thread
- Royal Kona
- Starbucks Corporation
- The Kraft Heinz Company
- UCC
Key Developments:
1. Starbucks, USS, Death Wish Coffee Company, and others are actively participating in sustainable practices, focusing on zero waste and circular economy concepts.
2. Strategic alliances and new product introductions are expected to remain a priority for companies in the coffee grounds market.
In conclusion, the coffee grounds market offers promising growth prospects for investors, fueled by increasing awareness of sustainability, diverse market applications, and innovative product developments. With a projected double-digit CAGR and expanding demand across various sectors, the market presents an attractive opportunity for stakeholders seeking to capitalize on the burgeoning coffee industry’s growth.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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