Future Market Insights’ updated study on the coffee cherry market projects demand to incline at a robust 8.4% CAGR from 2024 to 2034. A market valuation of US$ 1,452.4 million is estimated by the end of the aforementioned period of assessment. As of 2024, coffee cherry sales are appraised at US$ 645.4 million.
The scope for coffee cherry sales is inclining, thanks to dramatically altering weather patterns. Erratic precipitation in coffee producing regions such as the Central and South America are compelling farmers to adapt to alternative cultivation approaches- including the introduction of more resilient crop varieties and deploying shade grown techniques.
In recent years, consumers have gravitated toward consuming specialty or artisanal coffee. Capitalizing on their preference for exotic beverages, numerous coffee and coffee product companies are expanding their revenue prospects in the artisanal domain. Brands such as Intelligentsia, Spirit Animal Coffee, and Adams and Russel have all acquired significant prominence. Attributed to this growing popularity of artisanal coffee, lead analysts at FMI forecast a highly optimistic outlook for the coffee cherry ecosystem in the coming years.
Key Takeaways from the Market Report
- From 2019 to 2023, the coffee cherry market advanced at an 8.3% CAGR.
- By form, powdered extract is likely to yield 89.4% of the coffee cherry market revenue in 2024.
- Nearly 3 out of 5 coffee cherry products will be marketed via B2C sales channels.
- India pivots global coffee cherry market growth, with an anticipated 11.2% CAGR until 2034.
- Sales in the United States to incline at an 8.9% CAGR from 2024 to 2034.
- Global coffee cherry market to expand twofold in the upcoming forecast period.
“Given its status as a premium and luxury beverage, global coffee consumption is inclining. To address this growing demand, market players are making efforts to expand their coffee offerings, a development which provides significant momentum for the coffee cherry market,” remarks an analyst at FMI.
Competitive Landscape
From capitalizing on consumers’ taste buds to implementing sustainable production practices, prominent coffee cherry manufacturers are deploying a host of expansion strategies. Investing in state-of-the-art manufacturing technology, implementing cost-effective production approaches, and incorporating environmentally friendly business policies are a few tactics relied upon by key players.
Key Developments in the Coffee Cherry Ecosystem
- Caribou Coffee announced in March 2024 the completion of its brand licensing transaction with JDE Peet’s. This step will enable Caribou to focus on its core retail coffeehouse businesses while simultaneously allowing Peet’s to expand its premium coffee portfolio in North America.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the coffee cherry market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.
To understand opportunities in the coffee cherry market, the market is segmented based on sales channel (B2B and B2C), form (powdered extract and liquid extract), claim (conventional and organic) and region (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and the Middle East & Africa).
Detailed Market Breakdown: Comprehensive Full Report
About the Food and Beverage Domain at Future Market Insights
The food and beverage domain at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with the objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 billion+ data points, the team has been analyzing the market lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI):
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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