Global Coffee Beans Market Size to Worth USD 62.78 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Coffee Beans Market Size is Expected to Grow from USD 33.80 Billion in 2023 to USD 62.78 Billion by 2033, Growing at a CAGR of 6.39%during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Coffee Beans Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Robusta, Arabica, and Others), By End-user (Cosmetics, Pharmaceutical, Food and Beverage, and Others), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
Coffee is one of the most widely consumed drinks globally. Espresso, cappuccino, and americano are just some of the varieties of coffee drinks that can be produced using a variety of beans and served hot or cold. The seeds from the coffee plant that are used to produce coffee are called coffee beans. A coffee cherry is a red or purple fruit that contains a pip. Similar to ordinary cherries, the coffee fruit is categorized as a stone fruit. Coffee beans are referred to as such because they resemble real beans, even though they are not as such. The growing trend of coffee consumption among young people globally, the opening and expansion of franchise locations such as Starbucks in the Asia Pacific and other developing nations, the rising disposable income of the younger generation, and the assortment of drinks that cafes and restaurants provide are all significant factors driving the market. However, the impact of climate change on coffee production, supply chain disruptions causing up coffee bean prices, and increased competition from other beverages are some of the other issues that are limiting the market.
The arabica segment is expected to hold the largest market share of the global coffee beans market through the forecast period.
Based on the product type, the coffee beans market is categorized into robusta, arabica, and others. Among these, the arabica segment is expected to hold the largest market share of the global coffee beans market through the forecast period. Arabica coffee tastes smoother and sweeter, with sweet and chocolatey overtones. Additionally, it has less caffeine than robusta, which is typically bitter because of its higher caffeine level. Since Arabica is more expensive and more difficult to grow than robusta, it accounts for a larger share of global coffee production.
The food and beverage segment is predicted to hold a significant market share in the global coffee beans market over the projected timeframe.
Based on the end-user, the coffee beans market is classified into cosmetics, pharmaceutical, food and beverage, and others. Among these, the food and beverage segment is predicted to hold a significant market share in the global coffee beans market over the projected timeframe. Cakes, candies, pastries, and muffins are also made with these beans, which should have a favorable effect on market expansion. Customers who are health-conscious such as black coffee, which is made with espresso and hot water. It has a high quantity of caffeine, which increases awareness, and no milk or sugar is added. To make cold coffee, espresso is modified with creamy milk, sugar, and other ingredients. Soon, coffee consumption is predicted to rise due to the increased penetration of fast-food chains, which will increase demand for coffee beans.
The online segment is anticipated to hold the highest market share of the global coffee beans market through the projected period.
Based on the distribution channel, the coffee beans market is divided into offline and online. Among these, the online segment is anticipated to hold the highest market share of the global coffee beans market through the projected period. Online retailers frequently include extensive information about the history, flavor profiles, and brewing advice of coffee, helping in customer knowledge and improving the purchasing experience. Additionally, the smooth and customized coffee-drinking experience provided by subscription models offered by online coffee shops promotes repeat business and propels industry expansion.
Europe is expected to hold the largest share of the coffee beans market through the forecast period.
Europe is expected to hold the largest share of the coffee beans market through the forecast period. Global market for coffee beans because of the strong coffee culture in Europe. As early as the seventeenth century, coffee was brought to Europe. Since then, coffee culture has spread throughout Europe, becoming established in everyday life for people. Specialty coffee and advanced brewing techniques have replaced a vast network of cafes and a remarkably high level of disposable income. Europe is thus a potential market for coffee beans.
Asia Pacific is predicted to grow at the fastest CAGR of the coffee beans market over the forecast period. The emerging café culture in China and India is credited with this growth during the projection period. As a result of cross-cultural interactions brought about by globalization, young people in local economies are increasingly embracing Western cuisine and drinking customs. Their foreign exchange reserves are bolstered by the substantial number of coffee beans that are produced in these nations and exported to other nations.
Company Profiling
Major key players in the coffee beans market include Coffee Bean International, Inc., La Colombe Torrefaction, Inc., Hawaii Coffee Company, Death Wish Coffee, illycaffè S.p.A., The Bean Coffee Company, Caribou Coffee, Peet's Coffee, Inc., and Kicking Horse Coffee Co. Ltd., Luigi Lavazza S.p.A., and Others.
Recent Developments
- In December 2024, Ekaagra Ostalaritza and The Coffee Bean & Tea Leaf worked partnered to expedite operations in India. Ekaagra has the sole right to grow the brand nationwide owing to this strategic partnership, and the company plans to open 250 cafés during the next five years. The partnership aims to leverage India's increasing demand for high-end coffee and tea experiences, enhancing the brand's presence in one of the specialty beverage marketplaces with the quickest rate of growth.
- In May 2024, Lavazza, an Italian coffee firm, announced that it had acquired Stirlingshire Vending (Scotland) Limited. The transaction is anticipated to boost Luigi Lavazza S.p.A.'s coffee machine business segment, Lavazza Professional, which operates coffee vending machines.
- In April 2024, Vending machine manufacturer IVS is set to be acquired by Italian coffee business Lavazza. Lavazza intends to use this to bolster IVS's vending machine operations in the European market.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the coffee beans market based on the below-mentioned segments:
Global Coffee Beans Market, By Product Type
Global Coffee Beans Market, By End-user
- Cosmetics
- Pharmaceutical
- Food and Beverage
- Others
Global Coffee Beans Market, By Distribution Channel
Global Coffee Beans Market, By Regional Analysis
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa