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(MoneyNewsWire.Net, May 29, 2018 ) Global Coffee Bean Market was worth USD xx billion in 2017 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2022. The market is showcasing evident potential in the mentioned forecasting period. A coffee bean is the seed of the coffee plant and is a primary source for coffee. Since the coffee seeds bear a very close resemblance to beans, they are also called coffee beans.
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One of the major drivers of the market is the increasing consumption of coffee all over the world. The demand for coffee across various age groups has lead to the growth of the market. There has been a rise in the demand for coffee by the working populations and the installation of coffee vending machines in various commercial spaces has led to the further development of the market. The presence of a large number of coffee chains further boosts the market.
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The market can be categorized into type and application. By type the market is segmented into Arabica, robusta and others. By application the market is classified into personal care, food, dietary supplements and pharmaceuticals. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Coffee Bean market was dominated by North America. Asia Pacific continues to grow at a high CAGR while Latin America remains an important player as it a major producer of high quality coffee beans.
Some of the key players operating in the global coffee beans market are Kicking Horse Whole Bean, illy's Medium Roast, Ethiopian Yirgacheffe, Lavazza Super Crema Espresso, Hawaiian Gold Kona Gourmet Blend, Coffee Bean Direct Italian Roast, and others.
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