Coffee Beans Market Overview
Global Coffee Beans Market reached USD 29.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 48.8 billion by 2030. The market is growing at a CAGR of 6.5% during the forecast period 2024-2031. The increasing popularity of single-origin and specialty coffees is creating opportunities for the coffee beans market growth.
The growing café culture and the proliferation of coffee shops and specialty coffee outlets are contributing to the expansion of the global coffee market. The demand for high-quality and specialty coffees is fueling the need for premium coffee beans with unique flavor profiles, further driving the market growth. Consumers are seeking unique and differentiated coffee experiences, driving the demand for coffee beans sourced from specific regions known for their distinct flavor profiles.
Coffee Beans Market Summary and Scope
|
Metrics |
Details |
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CAGR |
6.5% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Type, Application, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America, and Middle East & Africa |
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Fastest Growing Region |
North America |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights. |
Coffee Beans Market Dynamics and Trends
Increasing Availability of Ready-To-Drink Coffee Beverages Drives the Market Growth
The growing availability of ready-to-drink (RTD) coffee beverages is expected to drive the global coffee bean market by stimulating increased consumption and expanding market reach. RTD coffee beverages offer convenience to consumers, allowing them to enjoy coffee on the go or in various settings without the need for brewing equipment or preparation. This convenience factor appeals to busy lifestyles and drives the demand for coffee consumption, especially among individuals seeking a quick and easy coffee experience, which further drives the market growth.
The availability of RTD coffee beverages opens up opportunities for coffee companies to enter new sales channels, such as convenience stores, supermarkets, gas stations, and vending machines. These channels are reaching a wider consumer audience beyond traditional coffee shops, allowing for increased coffee beans market penetration and exposure to potential coffee drinkers.
Increasing Expansion of Coffee Shops and Specialty Coffee Outlets Drive Market Growth
Coffee shops and specialty coffee outlets are catering to the growing consumer demand for high-quality, premium coffee experiences. These establishments are providing a dedicated space for coffee drinkers to enjoy a wide variety of coffee beverages, fostering a coffee culture that drives the overall consumption of coffee beans.
The expansion of coffee shops and specialty coffee outlets is extending the reach of the coffee beans market. These establishments are not limited to urban areas but also penetrate suburban and rural regions, making coffee more accessible to a wider consumer base. The convenience and availability of coffee shops are contributing to increased coffee consumption and subsequent demand for coffee beans.
Competition from Alternative Beverages Hamper the Market Growth
The growing variety of alternative beverages is contributing to market fragmentation, as consumers have more options to choose from. This fragmentation is leading to a dilution of the coffee market share as consumers diversify their beverage choices. The increased competition from alternative beverages can restrain the growth of the coffee bean market by reducing its overall market size.
Health-conscious consumers are increasingly seeking healthier beverage options. While coffee has its own set of health benefits when consumed in moderation, some consumers may opt for alternative beverages perceived as healthier choices. This trend is impacting coffee consumption and potentially restraining the growth of the coffee bean market.
Coffee Beans Market Segmentation Analysis
The global coffee beans market is segmented based on type, application, and region.
Increasing Demand for Unique and High-Quality Robusta Coffee
The robusta segment holds the highest share of the global coffee bean market. Robusta coffee beans have a lower price point compared to their counterpart, arabica beans. This affordability is making robusta coffee an attractive choice for price-sensitive consumers and commercial applications. The availability of competitively priced robusta beans drives market growth by expanding the consumer base and catering to different market segments.
The robusta segment is experiencing robust demand from emerging coffee markets, particularly in countries such as Vietnam, India, and Indonesia. These regions are seeing significant growth in coffee consumption and the establishment of domestic coffee industries. The increasing preference for robusta coffee in these markets, driven by factors such as taste preferences and economic considerations, is contributing to the growth of the robusta segment and the overall coffee bean market.
Coffee Beans Market Geographical Share
Increasing Coffee Consumption with a Strong Presence of Coffee Vendors in North America
North America region is dominating with the largest share of the global coffee bean market. North America has a strong coffee culture, with a significant portion of the population consuming coffee regularly. The region has a large consumer base that is fueling the demand for coffee beans. Consistent and high coffee consumption in North America drives market growth by creating a steady demand for coffee beans.
North America is a hub of innovation in the coffee industry, with companies constantly introducing new flavors, blends, and brewing methods. The market is offering a wide range of coffee products, including ready-to-drink coffee, cold brew, flavored coffees, and specialty blends. The diverse product offerings cater to different consumer preferences and drive market growth.
Coffee Beans Companies and Competitive Landscape
The major global coffee beans market players include Kicking Horse Whole Beans, Death Wish Coffee, The Coffee Beans Co, La Colombe Torrefaction, INC, Coffee Beans International, Inc, Illy caff S.p.A., Luigi Lavazza S.P.A, La Colombe Torrefaction, Hawaiian Isles Kona Coffee Company, Ltd, and Peets Coffee & Tea, Inc.
COVID-19 Impact on Coffee Beans Market
The pandemic has disrupted global supply chains, including the coffee bean market. Restrictions on transportation, lockdown measures, and reduced workforce availability have disrupted the flow of coffee beans from production regions to processing and distribution centers. This disruption in supply chains has led to delays, increased costs, and logistical challenges, impacting the overall market growth.
However, the pandemic has resulted in changes in consumer behavior, including a shift towards at-home consumption. With more people working remotely and spending more time at home, the demand for coffee beans for home brewing has increased.
Artificial Intelligence Impact Analysis
Artificial intelligence (AI) powered data analytics and machine learning algorithms enable market players to gain valuable insights into consumer preferences, market trends, and demand patterns. This enables them to make data-driven decisions, develop targeted marketing strategies, and offer personalized coffee experiences to customers. By understanding consumer preferences and adapting their offerings accordingly, companies can capture a larger market share and drive market growth.
AI also enhances operational efficiency and supply chain management. With AI-powered automation and robotics, tasks such as harvesting, sorting, and packaging can be performed with greater precision and speed. This results in reduced labor costs, improved productivity, and optimized inventory management, thereby driving market growth.
By Type
- Arabica
- Robusta
By Application
- Pharmaceuticals
- Food and Beverages
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- On May 15, 2022, Saudi Arabia's sovereign wealth fund unveiled the establishment of Saudi Coffee Co. with the objective of transforming Saudi coffee beans into a globally recognized product, according to an announcement by the Public Investment Fund (PIF). The PIF stated its intention to invest SAR 1.2 billion ($320 million) over the next decade to support this venture. Through the creation of Saudi Coffee Co., Saudi Arabia aims to showcase its locally-grown coffee beans on the global stage, further enhancing the country's presence in the international coffee market.
- In 2021, Nestle announced the expansion of its Nescafe coffee portfolio, introducing the Nescafe Gold Blend Roastery Collection. This collection represents Nestle's commitment to delivering new taste profiles and includes a range of super-premium Nescafe products. The Nescafe Gold Blend Roastery Collection is carefully crafted using a combination of robusta and arabica beans sourced from sustainable farming practices.
- On May 3, 2020, KitKat introduced a special edition called KitKat Arabic Coffee, catering to the local consumer demand for a unique flavor inspired by the beloved Arabic coffee, known as "Gahwa" in the region. This new variant combines the signature KitKat confectionary brand with an Arabic twist, offering a delightful and culturally inspired experience for consumers.
Why Purchase the Report?
- To visualize the global coffee beans market segmentation based on type, application, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of the coffee beans market level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global coffee beans market report would provide approximately 53 tables, 46 figures, and 99 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
