According to our latest market study on "Global Coffee Beans Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product (Arabica, Robusta, and Others), End Use (Personal Care, Food and Beverage, and Pharmaceutical), and Geography," the market was valued at US$ 25,591.7 million in 2018 and is projected to reach US$ 41,962.4 million by 2027; it is expected to grow at a CAGR of 5.6% from 2019 to 2027.The report highlights key factors driving the market growth and prominent players along with their developments in the market.
The rich source of coffee, coffee beans are the seeds that coffee trees produce. Although the coffee beans are not actually beans, they are given the name coffee bean because of how closely they resemble real beans. The same as regular cherries, coffee beans are a type of fruit known as a stone fruit. Arabica and robusta are the two most significant types of coffee plants. A goat herder named Kaldi, according to some studies, made the first discovery of the coffee plant in Ethiopia. Coffee beans are a significant revenue crop and an essential export item.
One of the most popular drinks consumed worldwide is coffee. The demand for coffee beans is being driven by an increase in the popularity of coffee among young people, particularly in nations like India, China, and the Philippines. Coffee drinking has a number of primary motivations, including practicality, enjoyment and flavour, habit, tradition, culture, and socialisation. The growth of the middle class and generally higher living standards are factors in the rise in demand for coffee and coffee-related products. Office workers' coffee intake has also dramatically increased. Another element driving the demand for coffee and, consequently, the growth of the market for coffee beans, is the opening and growth of new and local coffee shops. Additionally, a rise in milk consumption helps the industry expand as consumers blend milk and coffee for a greater flavour. Customers are drawn to coffee shops because they offer the chance to linger and spend quality time there, which raises the price of coffee. Additionally, young people are thought to view coffee use as a form of fashion and a carefree lifestyle. In turn, this causes the demand for coffee beans to increase.
Bharat Coffee Depot, Death Wish Coffee Co., Gold Coffee Company, Hawaiian Isles Kona Coffee Company, Ltd., Kicking Horse Whole Beans, Illycafe S.P.A, Starbucks Corporation and The Coffee Beans Co., are among the well-established players in the global coffee beans market.
The COVID-19 pandemic began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. The outbreak has affected economies and industries due to imposed lockdowns, travel bans, and business shutdowns. Food and beverage is one of the world’s major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. This is further projected to lower the demand for coffee beans products globally
The report includes the segmentation of the global coffee beans market as follows:
By Product
- Arabica
- Robusta
- Others
By End Use
- Food and Beverage
- Personal Care
- Pharmaceuticals
By Geography
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Rest of Europe
- Asia Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Argentina
- Rest of South America
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