In the updated market research report, FMI postulates that the demand for coffee grounds will progress at a CAGR of 10.7%. With the current valuation of the market pegged at USD 639.9 million, the varied uses of coffee grounds are set to put the industry on an upward trajectory over the projected period. By the time 2034 comes around, the coffee ground market is slated to hit a valuation of USD 1,772.80 million.
Attributes | Details |
---|---|
Coffee Grounds Market Value for 2024 | USD 639.9 million |
Projected Market Value for 2034 | USD 1,772.80 million |
Value-based CAGR of Market for 2024 to 2034 | 10.7% |
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Arabica coffee grounds rule the roost when it comes to the product type. Coffee grounds are majorly used in the agriculture sector.
Arabica coffee grounds are expected to account for 66.0% of the market share by product type in 2024. Factors driving the growth of arabica coffee grounds are:
Attributes | Details |
---|---|
Top Product Type | Arabica |
Market Share (2024) | 66.0% |
Agricultural end use of coffee grounds is anticipated to account for 35.5% of the market share in 2024. Some of the factors for the growth of agricultural application of coffee grounds are:
Attributes | Details |
---|---|
Top End Use | Agriculture |
Market Share (2024) | 35.5% |
Presence of major coffee-producing nations like Vietnam, Indonesia, and India, all in the top 10 of the world according to World Atlas, bolsters the market in the Asia Pacific. Significant taking up of gardening as an activity by individuals is also planting the seeds for the growth of coffee grounds in the region.
Clamor among Europeans to make households pleasing is influencing the growing adoption of coffee grounds in Europe. Thriving cosmetics industry in North America is informing the growth of the market in the region.
Countries | CAGR (2024 to 2034) |
---|---|
China | 11.6% |
Japan | 10.0% |
United States | 7.9% |
Germany | 8.7% |
India | 7.2% |
The market is anticipated to register a CAGR of 7.2% in India for the forecast period. Some of the factors driving the growth of the market in the country are:
The United States is set to see the market expand at a CAGR of 7.9% over the forecast period. Prominent factors driving the growth of the market are:
The market is expected to register a CAGR of 11.6% in China over the forecast period. Some of the factors driving the growth of the market in China are:
The market is set to progress at a CAGR of 8.7% in Germany for the forecast period. Factors influencing the growth of the market in Germany include:
The market is expected to register a CAGR of 10.0% in Japan over the period from 2024 to 2034. Some of the reasons for the growth of coffee grounds in the country are:
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Hoping to capitalize on the rising affinity towards coffee grounds, coffee-makers are entering the market. Thus, the market sees multinational coffee giants compete with smaller concentrated coffee grounds vendors.
Death Wish Coffee Company is bundling coffee grounds with other coffee products to enlarge the demand for the product. Other market players are focused on collaborating with other coffee sector stakeholders to enhance demand.
Recent Developments in the Coffee Grounds Market
The coffee ground market is estimated to be USD 639.9 million in 2024.
Death Wish Coffee Company, Folgers Coffee, Hills Bros. Coffee, and Kicking Horse Coffee are some of the key companies in the coffee grounds market.
The coffee grounds market is expected to reach a valuation of USD 1,772.80 million in 2034.
The coffee grounds industry is penned in to progress at a sturdy CAGR of 10.7% over the period from 2024 to 2034.
The coffee grounds market can be segmented into the following categories: product type, and end-use.
The coffee grounds market is predicted to progress at a CAGR of 7.9% in the United States over the period from 2024 to 2034.
The coffee grounds market is slated to progress at a CAGR of 11.6% in China over the period from 2024 to 2034.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Type 5.1. Drip Ground Coffee 5.2. Classic Roast Ground Coffee 5.3. Sumatra Ground Coffee 5.4. Others 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Food and Beverage 6.2. Agriculture 6.3. Cosmetic and Personal Care 6.4. Insecticides 6.5. Pesticides 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Death Wish Coffee Company 17.2. Folgers Coffee 17.3. Hills Bros. Coffee 17.4. Kicking Horse Coffee 17.5. Peet's Coffee 17.6. Red Thread 17.7. Royal Kona 17.8. Starbucks Corporation 17.9. The Kraft Heinz Company 18. Assumptions & Acronyms Used 19. Research Methodology
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