PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577139
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577139
According to Stratistics MRC, the Global Coffee Beans Market is accounted for $35.82 billion in 2024 and is expected to reach $63.12 billion by 2030 growing at a CAGR of 9.9% during the forecast period. Coffee beans are the seeds of the Coffee plant, and the global industry that grows, distributes, and sells them. Numerous coffee bean varieties, mostly Arabica and Robusta, are available in this market, each with unique flavours and qualities. A burgeoning coffee culture and the expansion of cafes and coffeehouses are driving the market's growth in customer demand for specialty and premium coffee.
According to the International Coffee Organization (ICO), Brazil has been at the forefront of production with 22,000 (thousand 60 kg bags) followed by Indonesia, Ethiopia, and the Philippines exporting 4,800, 3700, and 3,300 respectively for the 2019-20 year.
Growing global consumption
The increased global consumption of coffee beans is driven by a mix of cultural developments, lifestyle changes, and increasing disposable incomes. As coffee becomes a staple beverage in many places, particularly among younger generations, its popularity continues to climb. The rise of cafe culture, especially in countries like China and India, has largely contributed to this tendency. Moreover, the variety of coffee goods, including cold brews and specialty blends, caters to shifting consumer preferences.
Price fluctuations
A number of factors, such as supply chain interruptions, unfavourable weather, and worldwide economic trends, affect price changes in the coffee bean market. Significant volatility has been observed in recent years, with prices rising as a result of frosts and droughts in major coffee-producing regions such as Brazil. Price dynamics are also impacted by changes in delivery charges and currency exchange rates. Since there is still a strong demand for coffee worldwide, any mismatch between supply and demand could lead to sharp price fluctuations, making the market especially vulnerable to changes in the economy and environment.
Changing consumer preferences
A move toward convenience, sustainability, and quality is reflected in the market for coffee beans. Consumers of today are looking for specialized and premium coffee options more and more, and they like unusual flavours and artisan roasting methods. As environmental and health consciousness increase, there is a growing demand for beans that are ethically and organically grown. Additionally, the convenience trend is being driven by younger generations, which is why ready-to-drink coffee products and subscription services are becoming more and more popular. Additionally, consumers are more inclined to support brands that emphasize sustainable practices, transparency in sourcing, and community engagement, significantly influencing the overall coffee landscape.
Supply chain issues
Supply chain issues in the coffee beans market are multifaceted and significantly impact production and distribution. The disruptions are caused by a number of factors, including logistical difficulties, political unpredictability, and climate change. Furthermore, many coffee estates are geographically isolated, which makes transportation more difficult and expensive. Operations may be further hampered by political upheaval, which makes it more difficult for exporters to reach fields and move goods. Strong stakeholder relationships are necessary to overcome these obstacles and guarantee a steady supply of high-quality coffee beans.
Covid-19 Impact
The market for coffee beans was significantly impacted by the COVID-19 pandemic, which caused supply and demand disruptions. Due to coffee shops, restaurants, and offices closing or operating at reduced capacity, lockdowns and social distancing measures caused a considerable reduction in the amount of coffee consumed outside the home. Movement limitations also led to a labour scarcity, which hampered the operations of coffee production and harvesting. These difficulties led to supply chain interruptions and heightened price volatility for coffee, underscoring the weaknesses in the world's coffee industry during the epidemic.
The arabica segment is expected to be the largest during the forecast period
The arabica segment is estimated to be the largest, due to the distinct flavour profile and reduced caffeine concentration of Arabica coffee beans make them appealing to a wide range of consumers. Their smooth, sweet flavor makes them popular for specialty coffee drinks. Demand is further increased by the expanding number of cafes and coffee shops, particularly in emerging nations. Additionally, as Arabica beans are linked to ethical farming techniques, consumer demand in high-end, sustainably sourced products is driving the market.
The food and beverages segment is expected to have the highest CAGR during the forecast period
The food and beverages segment is anticipated to witness the highest CAGR during the forecast period. Coffee beans are used extensively in the food and beverage sectors to make a variety of drinks, such as flavoured coffees, espresso, and cold brew. Additionally, they improve the taste of baked products like cakes, cookies, and pastries. Demand is also fueled by the rising appeal of coffee-flavoured pastries and ice creams. Furthermore, coffee beans are being utilized more and more in liqueurs and cocktails, demonstrating their adaptability and emerging as a crucial component in the culinary arts.
Asia Pacific is expected to have the largest market share during the forecast period due to rapid urbanization and shifting consumer habits are driving the market. Coffee is becoming more popular among younger populations in China and India than other traditional drinks. Specialty coffee shops and cafes are growing as a result of the middle class's desire for premium coffee experiences and their increased disposable income. The market is expanding because to the growing demand for ready-to-drink coffee products and organic options, which represents a move towards convenience and health-conscious choices.
North America is projected to witness the highest CAGR over the forecast period, due to rising consumer demand for specialty coffee brought on by a growing appreciation for premium, high-quality beans. The demand for coffee beans has increased due to the growth of cafes and coffee shops as well as the popularity of at-home brewing, especially during the COVID-19 pandemic. Additionally, consumers who are concerned about their health are looking for coffee that is certified fair trade, sustainably sourced, and organic.
Key players in the market
Some of the key players profiled in the Coffee Beans Market include Nestle S.A., Starbucks Corporation, Kraft Heinz Company, JDE Peet's, Lavazza S.p.A., Illycaffe S.p.A., Dunkin' Brands Group, Inc., Peet's Coffee, Inc., Tchibo GmbH, Blue Bottle Coffee, Inc., Caribou Coffee Company, Inc., Cafe Don Pablo Coffee, Stumptown Coffee Roasters, Death Wish Coffee Company, Groundwork Coffee Co., Oren's Daily Roast, Lavazza S.p.A., Trung Nguyen Coffee, Kopi Luwak Producers, and Coffee Holding Company, Inc.
In June 2023, Nestle introduced a new line of coffee capsules, "Nescafe Farmers Origins," emphasizing traceability and sustainability.
In February 2023, Starbucks launched the Oleato range, featuring coffee infused with extra virgin olive oil, targeting a new health-conscious demographic.
In September 2022, Death Wish Coffee expanded its product line by launching canned cold brew, meeting the demand for convenient, ready-to-drink coffee options.
In April 2022, Blue Bottle introduced its "Bright Roast," targeting consumers who prefer lighter, more delicate flavors in their coffee beans.
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.