As per our research report, the Coffee Bean Market size is estimated to be growing at a CAGR of 6.62% from 2024 to 2030.
Coffee beans constitute a globally traded agricultural commodity, supporting the livelihoods of millions of growers and producers worldwide. Although production predominantly occurs in developing nations, consumption is primarily concentrated in developed and emerging markets. The imposition of coronavirus-related restrictions led to delays in shipments and escalated freight costs, posing challenges for smallholder farmers reliant on overland transportation, often receiving inadequate compensation for their harvests.
Amid escalating consumer apprehensions regarding coffee sourcing and quality, there is a burgeoning global demand for certified coffee, assuring consumers of product reliability. These certifications provide third-party assurances concerning environmentally sustainable farming practices and production quality standards.
The availability of land suitable for coffee cultivation is increasingly impacted by climate change, prompting a gradual shift in production to higher altitudes where suitable land remains limited. The coffee market has already witnessed the adverse effects of climate change, with severe droughts and floods in coffee-producing countries leading to crop losses and heightened coffee prices.
The specialty coffee sector presents an opportunity for coffee farmers to capitalize on evolving consumer preferences. Modern consumers seek unique and exceptional coffee experiences, valuing attributes such as flavor, aroma, and provenance. To leverage this market trend, growers can focus on cultivating specialty coffee beans renowned for their distinctive flavors. By accentuating the distinctive characteristics of coffee sourced from specific regions or farms and providing comprehensive information about their origins, farmers can satisfy consumers' desire for transparency and premium coffee selections. This approach is likely to enhance sales and cultivate long-term customer loyalty.
The COVID-19 pandemic has profoundly disrupted the coffee industry, notably decreasing out-of-home coffee consumption due to widespread lockdown measures. Closure of offices, coffee shops, and restaurants to curb virus transmission severely curtailed coffee usage throughout 2020. Additionally, pandemic-related social distancing measures, lockdowns, and travel restrictions constrained the movement of agricultural laborers and migrant workers, prompting many to return to their hometowns and diminishing the available labor pool during critical harvest periods. The resultant shortage of manpower significantly impeded coffee bean harvesting, thereby affecting overall coffee production.
KEY MARKET INSIGHTS:
Based on the Product, Arabica coffee holds the largest market share, representing 61.2% of global revenue. The expansion of cafes in developing nations and the increasing use of arabica beans in products such as chocolate, nuts, and caramels are expected to drive market growth. Robusta coffee, with a projected compound annual growth rate (CAGR) of 7.4%, is anticipated to experience the most rapid growth during the forecast period. Known for its high caffeine content, which provides an immediate boost to brain function by replacing adenosine, robusta coffee is expected to gain popularity among professionals seeking increased alertness. Furthermore, robusta beans are rich in natural antioxidants with anti-inflammatory properties, contributing to weight loss promotion and the prevention of ailments like Alzheimer's and gallbladder stones. These health benefits are likely to further drive demand for robusta beans throughout the forecasted period.
Based on the Application, the Food and Beverages sector maintained a dominant position, accounting for over 70.0% of market share, making it the largest segment. The utilization of coffee beans in baked goods such as cakes, cookies, and muffins is expected to drive market expansion. Espresso, prized for its robust and intense flavor, is increasingly popular in the food and beverage sector and is commonly incorporated into cakes, cookies, and various dietary supplements due to its high caffeine content. The demand for coffee beans is projected to rise throughout the forecast period, driven by the growing popularity of coffee-flavored ice cream and beverages. The pharmaceutical segment is expected to witness the fastest growth, propelled by increasing awareness of health benefits. For example, green coffee beans are utilized for weight reduction and metabolism acceleration. The utilization of Arabica and robusta beans in functional foods and therapies, owing to their high antioxidant content, is poised to drive demand for these beans over the forecast period. Moreover, the cosmetics market is anticipated to expand in the coming years due to the increasing incorporation of coffee beans into a variety of personal care products such as face wash, scrubs, and lipsticks. Coffee extract prolongs moisturizing effects and aids in tan removal, leading to its addition in face creams, moisturizers, and lip balms. The projected period is expected to witness an increase in demand for coffee beans as consumer preferences shift towards moisturizers, face washes, lip balms, and lotions.
Based on the region, North America emerged as the leading market contributor, commanding a significant share of 30.2%, primarily driven by the region's substantial consumption of coffee brews. The escalating demand from the working demographic, coupled with a surge in the adoption of coffee vending machines across enterprises, airports, commercial establishments, and various other venues, is poised to bolster market revenue. Additionally, the proliferation of coffee shops in Canada and the United States is anticipated to further stimulate the demand for coffee beans throughout the forecast period.
Arabica
Robusta
Food and Beverages
Pharmaceutical
Cosmetics
North America
Europe
Asia-Pacific
South America
Middle East & Africa
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