Global procurement market intelligence advisory firm, SpendEdge, has announced the release of their ‘Coffee Bean Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the agro commodities and raw materials industry. This report breaks down the data and analysis behind the procurement of coffee bean and acts as an all-inclusive guide for making smart purchasing decisions.
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“Increased use of coffee beans in personal care, food (such as baked goods and chocolates), dietary supplements, and pharmaceuticals industries is fueling the market,” says SpendEdge procurement research analyst A Kowshik. “This growth is experienced both in coffee producing countries such as Indonesia, Vietnam, and India as well as importing countries such as Turkey and Japan,” added Kowshik.
Key Report Features
|Supply Market Insights||Negotiation Strategies|
|Procurement Best Practices||Category Risk Analysis|
|Cost Saving Opportunities||Key Supplier Analysis|
|Pricing Models||Supplier Capability Matrix|
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- Instant coffee is continually gaining popularity worldwide due to convenience in buying and carrying. It has the advantage of easy and timely preparation compared with regular coffee, which drives higher consumption of instant coffee than regular coffee. The instant coffee market has experienced a surge in its growth due to its convenience, which is further fueling the coffee bean market.
- The businesses’ long-term success is linked to successful coffee cultivation, which is dependent on farmers and their communities. Purchasing managers must collaborate with farmers to produce coffee in a way that enables them to provide benefits to farmers, their business, their communities, and the environment.
- One of the major challenges faced by purchasing managers is to procure high-quality coffee beans due to certain obstacles in the supply chain such as aging or diseased trees, declining yields, volatile prices, and climate change, which affects the livelihood of smallholder farmers and sustainability of the sector.
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Coffee Bean Pricing Trends
The market-based pricing is one of the most implemented pricing models in the coffee bean market. In this pricing model, purchasing managers are charged based on the prices offered by competitors, resulting in similar price offerings across the industry. This increases competition among suppliers that lead to high bargaining power for purchasing managers.
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