Coffee Beans Market Size, Trends and Growth Analysis by 2027

The coffee beans market was valued at approximately US$ 25,591.7 million in 2018 and is anticipated to grow to around US$ 41,962.4 million by 2027, reflecting a compound annual growth rate (CAGR) of 5.6% from 2019 to 2027.

Coffee beans, which are the seeds of coffee plants, serve as the primary source of coffee. Although they are referred to as beans due to their resemblance to true beans, they are technically not beans. Similar to regular cherries, coffee beans are classified as stone fruits. The two predominant varieties of coffee plants are arabica and robusta. Historical accounts suggest that the coffee plant was first identified in Ethiopia by a goat herder named Kaldi. Coffee beans represent a significant cash crop and are vital for export markets. The coffee beans market is categorized by product type into arabica, robusta, and other varieties. In 2018, the arabica segment led the market, holding a substantial share. Arabica trees yield high-quality, aromatic coffee. The beans from arabica plants are flatter and more elongated than those from robusta plants and contain less caffeine. Arabica coffee beans are low in calories and rich in essential minerals such as niacin, potassium, and manganese. A premium arabica coffee typically has a slightly sweet flavor profile with notes of chocolate, nuts, and caramel, along with a hint of bitterness and mild acidity.

The coffee beans market is also segmented by end use, which includes food & beverages, personal care, and pharmaceuticals. In 2018, the food & beverages segment captured the largest share of the global coffee beans market and is projected to experience the fastest growth during the forecast period. Coffee is one of the most commercialized food products and ranks as the most widely consumed beverage globally. The rise in coffee consumption can be attributed to enhancements in coffee quality through the selection of various coffee varieties, advancements in agricultural practices, and the emergence of specialty coffee shops. Coffee beans are incorporated into a variety of food products due to their high antioxidant content, which can lower the risk of diabetes and reduce inflammation. Culinary creations such as caf? mocha cookies, coffee sugar cookies, coffee-rubbed steak, coffee chocolate brownies, and coffee-rubbed pork roast utilize coffee or coffee beans. For instance, caf? mocha cookies not only impart a delightful coffee flavor but also a rich chocolate taste. Coffee sugar cookies combine sweetness with robust coffee notes, while brownies infused with coffee deliver a decadent flavor experience. Coffee beverages are crafted and served in numerous styles worldwide, each varying in preparation methods and ingredients. Popular coffee drinks include espresso, espresso macchiato, and cappuccino, which are enjoyed by many.

Geographically, the global coffee beans market is divided into regions including North America, Europe, Asia Pacific, South America, and the Middle East and Africa. North America holds the largest market share, followed closely by Europe. Within North America, the United States is the leading market for coffee beans, with Canada and Mexico following. The demand for coffee products in North America is projected to increase due to heightened investments in research and development by manufacturers, alongside a growing array of applications in food, beverages, and pharmaceuticals. Furthermore, the expansion of product offerings is positively influencing market growth in the United States.

Key players in the global coffee beans market include Bharat Coffee Depot, Death Wish Coffee Company, The Gold Coffee Company, Hawaiian Isles Kona Coffee Company Ltd., Kicking Horse Whole Beans Company, Illycafe S.p.A, The Coffee Beans Co., Peets Coffee and Tea, Inc., Starbucks Coffee Company, and Direct Coffee GmbH.

Impact of COVID-19 on the Coffee Beans Market

The COVID-19 pandemic, which originated in Wuhan, China, in December 2019, has rapidly spread worldwide. By March 2020, countries such as China, Italy, Iran, India, Russia, Spain, South Korea, France, Germany, and the United States were among the most severely affected, with significant confirmed cases and fatalities. According to the latest data from the World Health Organization, there were approximately 9,843,073 confirmed cases and 495,760 deaths globally. The pandemic has disrupted economies and industries across various nations due to lockdowns, travel restrictions, and business closures. The global food processing sector has faced considerable challenges, including factory shutdowns, supply chain interruptions, cancellations of technology events, and office closures as a result of the pandemic.
    
The overall size of the global coffee beans market has been determined through both primary and secondary research methods. The research process begins with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data related to the global coffee beans market. Additionally, numerous primary interviews are conducted with industry participants and experts to validate the data and analysis. Participants typically include industry professionals such as VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the coffee beans market.