Coffee Beans Market Outlook 2031
The Coffee Beans Market was USD 31.93 Billion 2022 and is likely to reach USD 57.72 Billion, expanding at CAGR of 6.8% during 2023 – 2031. Coffee bean is a global agricultural product that supports millions of coffee growers and producers all over the world.
Some studies suggest that coffee beans aid in the prevention of diabetes, skin cancer, and heart disease, as well as strengthens e immune system. These beans are likely to lessen the risk of type 2 diabetes. A demand shortfall was observed in 2020 due to COVID-19 pandemic, which led to closedown of eateries and cafés. The COVID-19 restrictions resulted in delay of shipments, increase in freight costs, and difficulties in cross-border transportation.
Coffee Beans Market Trends, Drivers, Restraints and Opportunities
- A surge in consumer coffee consumption is fueling the growth of the market.
- Growing awareness about health advantages of coffee, as well as the expansion of the retail industry are expanding the coffee beans market.
- Rising preference for coffee in emerging economies can low-income prices can fuel the growth of the market.
- The volatility in the prices of coffee due to adverse weather conditions can hamper the market growth in the coming years.
- The emergence of alternatives to coffee can restrain the market growth.
- Rising penetration of coffee beans in personal care, food, nutritional supplements, and pharmaceuticals are spurring the market growth.
- The presence of coffee shop chains such as Peet's Coffee & Tea and Starbucks have prompted a spike in coffee consumption among the young and working classes.
Scope of Coffee Beans Market Report
The report on coffee beans market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Coffee Beans Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 - 2021
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Forecast Period
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2023 – 2031
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Segmentation
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Types (Arabica, Robusta, and Others), Applications (Food and Beverage, Pharmaceutical, Cosmetics, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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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., Hawaiian Isles Kona Coffee Company, Ltd., and Peets Coffee & Tea, Inc.
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Coffee Beans Market Insights
Robusta segment to register a high CAGR
Based on types, the market can be segmented into arabica, robusta and others. The robusta segment is anticipated to expand at a CAGR of 7.4% during the forecast period These beans have a deep, strong flavor with a chocolate aftertaste. Additionally, these beans are strong in caffeine, which has a direct effect on the brain.
Caffeine acts as a substitute for adenosine, a neurotransmitter that stimulates the brain and keeps the brain alert. Thus, the benefits associated with it has aided in preference for this type of coffee among the working population.
Food and beverage segment expected to hold a substantial market share
On the basis of applications, the market can be divided into food and beverage, pharmaceutical, cosmetics, and others.
The food and beverage segment is expected to hold a substantial market share during the forecast period. A rise in coffee consumption, as well as coffee-flavored products, are major drivers that are expected to drive the demand for coffee beans, these beans are also used in cakes, cookies, and muffins, which is fostering the food & beverage industry. On the other hand, the cosmetics segment is expected to grow at a healthy rate due to rising adoption of coffee in various skin care products.
North America to account a large market share
In terms of regions, the market can be divided into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is estimated to hold a large market share during the coming years. Rising demand for coffee vending machines at railway stations, airports, and workplaces, as well as increased demand from the working population, are likely to contribute to the regional market growth.
Furthermore, an increase in the number of coffee shops in Canada and the US is expected to boost demand for coffee beans during the forecast period. The market in Asia Pacific is expected to grow considerably during the projected period owing to growing disposable income and coffee consumption.
Coffee's rising preference among the young population in China and India, as well as an increase in the number of cafés in these countries are some of the major factors of the market growth in the region.
Segments
By Types
By Applications
- Food and Beverage
- Pharmaceutical
- Cosmetics
- Others
By Regions
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
By Key Players
- 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.
- Hawaiian Isles Kona Coffee Company, Ltd.
- Peets Coffee & Tea, Inc.
Competitive Landscape
Key players in this market are 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., Hawaiian Isles Kona Coffee Company, Ltd., and Peets Coffee & Tea, Inc.
