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Coffee Beans Market Outlook 2023-2028:
The global coffee beans market size reached US$ 31.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 44.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
Coffee beans are the seeds of tropical plants that undergo drying, roasting, and processing to create coffee granules and powder, which are then consumed as a beverage. Common varieties of coffee beans include Arabica, Robusta, Liberica, and Exelsa. They are used in a variety of products such as cookies, muffins, chocolates, cakes, and body scrubs.
Coffee beans contain antioxidants and exhibit anti-inflammatory properties that help protect against various diseases, including diabetes, skin cancer, and Parkinson’s disease. They also boost the immune system, promote fat burning, reduce inflammation, and enhance mood and energy. Due to their numerous benefits, coffee beans are extensively used in industries such as cosmetics, pharmaceuticals, and the food and beverage sector.
The market is primarily driven by the expanding food and beverage (F&B) industry across the globe. Coffee beans are commonly used in hot and cold beverages served across numerous coffee shops. In addition, the growing popularity of several franchises, such as Starbucks and Cafe Coffee Day (CCD), is contributing to the market growth.
Moreover, the increasing consumption of coffee by individuals owing to the presence of essential minerals, vitamins, and antioxidant properties that provide several health benefits, is providing a positive thrust to the market growth. Furthermore, the market is also propelled by rising health awareness amongst consumers and the shifting inclination toward organic coffee, grown under natural conditions and free of artificial fertilizers and pesticides.
Other factors, including the rising promotional activities on e-commerce platforms, the increasing expenditure capacities of consumers, and the escalating product demand in the pharmaceutical industry, are creating a positive market outlook across the globe.
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Market Summary:
Breakup by Product:
• Arabica
• Robusta
• Others
Breakup by Distribution Channel:
• Online
• Offline
Breakup by End User:
• Personal Care
• Food and Beverages
• Pharmaceutical
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
On account of the aforementioned factors, the market is anticipated to witness strong growth during 2023-2028.
Competitive Landscape:
• Backyard Beans Coffee Company
• Caribou Coffee Company Inc.
• Coffee Bean Direct LLC
• Death Wish Coffee Co.
• Gold Coffee Company
• Hawaiian Isles Kona Coffee Co.
• illycaffè S.p.A.
• La Colombe Coffee Roasters
• Luigi Lavazza S.p.A.
• Starbucks Coffee Company
• The Coffee Bean Company
• The East India Company Ltd.
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