The coffee grounds market is estimated to be worth US$ 639.9 million in 2024. Production of coffee grounds is tied up with the production of coffee and the demand for the product too is amplifying with the greater number of younger people indulging in the drink. The need to manage and recycle coffee waste is also raising the profile of coffee grounds.
Through the year 2034, coffee grounds demand is set to progress at a CAGR of 10.7%. The market’s growth over the coming years is attributed to the use of coffee grounds in industries such as agriculture and cosmetics. Household use of coffee grounds, to improve the smells of residences or to get rid of fleas in pets, is also marked as a significant improver of demand.
By 2034, it is forecasted that the market value will have reached US$ 1,772.80 million. Trends of recyclable and compostable materials finding more acceptance among consumers are seeing value being added to the coffee grounds market. Surging want for biofuels is also penned in to fuel market growth.
The lack of knowledge among consumers is still seeing a sizable portion of coffee grounds being discarded into the waste heaps, thus limiting the growth of the market. However, social media highlighting the uses of coffee grounds is counteracting this limitation.
Key Takeaways from the Coffee Grounds Market
- The coffee grounds market is anticipated to be US$ 639.9 million in value in 2024.
- Arabica coffee grounds top the product type segment in the market. For 2024, arabica coffee grounds are expected to account for 66.0% of the market share.
- Agriculture sector makes predominant use of coffee grounds. For 2024, the agriculture sector is anticipated to account for 35.5% of the market share.
- China is a promising country for the market. The CAGR for China over the forecast period is forecasted to be 11.6%.
- Japan is a country poised to be lucrative for the market. For the 2024 to 2034 period, the CAGR for Japan is pegged at 10.0%.
- The market is expected to register a CAGR of 8.7% in Germany over the forecast period.
“By making coffee grounds more widely available, through the means of bundling them with other coffee products, market players are coasting the wave of coffee grounds popularity. Thus, both industrial and household application of coffee grounds is making the market lucrative,” says an analyst at FMI.
Competition Analysis of Coffee Grounds Market
Coffee sector giants are launching coffee grounds as a way to take up the opportunities in the market. Collaborative strategies are being adopted by market players to expand their footprint in the landscape. Some of the prominent companies in the market include Death Wish Coffee Company, Folgers Coffee, Hills Bros. Coffee, and Kicking Horse Coffee.
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
Recent Developments in the Coffee Grounds Market
- In May 2022, Kaffeeform launched a coffee cup made from coffee grounds, called the Weducer Cup Refined.
- In September 2022, Nivea’s face cream containing coffee grounds was launched as part of its Naturally Good range.
Purchase the Report for Key Insights
Key Segments
By Product Type:
- Arabica
- Robusta
- Others (Liberica, Excelsa)
By End Use:
- Food & Beverage
- Agriculture
- Cosmetic & Personal Care
- Insecticides & Pesticides
- Biofuel
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube