Market Overview:
Global Coffee Beans Market Size Was Valued at USD 32.49 Billion In 2022 And Is Projected to Reach USD 53.38 Billion By 2030, Growing at A CAGR of 6.4% From 2023 To 2030.
The source of coffee is a coffee bean, which is a seed of the coffee plant. It's the pip found within the red or purple fruit known as a cherry. The coffee fruit, like regular cherries, is classified as stone fruit. Although coffee beans are not beans, they are referred to as such due to their similarity to actual beans. The fruits, whether cherry or berries, usually have two flat stones on their sides. Only a small fraction of cherry has only one seed rather than the normal two. This is known as a "peaberry." Arabica and Robusta are the two most commercially important coffee plant kinds; Arabica accounts for 70% of global coffee production, while Robusta accounts for 40%. Caffeine content varies between Arabica and Robusta beans, with Arabica beans containing 0.8–1.4% caffeine and Robusta beans containing 1.7–4.0% caffeine.
Top Key Players in Coffee Beans Market:
Nestle, Steamy Beans Coffee, JM Smucker Company, The Busy Bean, Starbucks Corporation, Boston Barista, Jumpstart Coffee, F. Gavina and Sons Inc., Mugs Coffee, The Steam Room, Luigi Lavazza S.P.A., Espresso Express, The Kraft Heinz Company, and Other Major Players.
Market Dynamics and Factors for Coffee Beans Market:
Drivers:
Increase in Coffee and Coffee Beverage Consumption
Coffee is one of the most popular drinks on the planet. Coffee's popularity among the youthful population is increasing, especially in nations like India, China, and the Philippines, fueling demand for coffee beans. Coffee is used for a variety of reasons, including utilitarian, taste & pleasure, habit, tradition, culture, and sociability. The development of the middle class and generally improved living conditions led to increased demand for coffee and coffee drinks. Coffee consumption has also increased dramatically among office workers. Another element driving demand for coffee is the opening and expansion of local coffee shops and new coffee shops, which helps to the growth of the coffee bean market. Additionally, since customers mix coffee with milk for a greater flavor, an increase in milk consumption promotes market expansion.
Opportunities:
Coffees With a Unique Flavors Profile Are Becoming Increasingly Popular
According to the CBI, while most consumers continue to buy mainstream coffee blends, there is a growing demand (and willingness to pay) for high-quality coffee with cupping ratings of 80 points or above. Customers will pay for coffee with a good story relating to its environmental and social features, according to CBI. This aligns with findings on socially conscious consumers searching for a genuine experience. However, there is no universally accepted definition of "specialty" coffee. Coffee brewers and other associated firms interested in tapping into this industry should focus on high-scoring beverages with strong eco-conscious origins.
Segmentation Analysis of the Coffee Beans Market:
By Type, the arabica segment is expected to dominate the coffee beans market over the forecast period. Arabica has a 70 percent market share in the coffee beans section of the worldwide coffee bean industry. Arabica coffee has a sweeter, gentler taste with a hint of sugar, as well as fruit and berry flavors on the palate.
By product, Instant coffee is expected to dominate the coffee beans market over the forecast period. Instant coffee is widely eaten since it is simple to prepare and has a pleasant flavor. This is why big coffee companies have experienced a surge in demand for instant coffee.
Regional Analysis of the Coffee Beans Market:
By consuming 54,065 thousand coffee bags every 60kg, the European Region dominates the worldwide coffee market. In terms of worldwide market share, Europe accounted for 35%. Due to increased demand for coffee and greater consumers of specialty coffee in the European region, 86 percent of green coffee was imported straight from the producing nations. Growing demand for coffee vending machines at railway stations, airports, businesses, and other locations, as well as rising demand from the working population, are expected to contribute to market revenue in North America. Furthermore, throughout the projected period, an expansion in the number of coffee shops in Canada and the United States is predicted to stimulate demand for coffee beans.
Key Industry Development:
In November 2021, Lyft, Inc. and Motional, a global leader in driverless technology announced the launching of a fully driverless public ride-hail service in Las Vegas.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
