According to the latest report, 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.
Global Coffee Beans Industry Trends and Drivers:
The market for coffee beans is primarily being driven by the expanding food and beverage (F&B) industry. Coffee beans are extensively used in hot and cold beverages served across various coffee shops. Additionally, the growing awareness of the health benefits associated with coffee beans, attributed to their abundance of essential minerals, vitamins, and antioxidant properties, is representing another major growth-inducing factor. Furthermore, as health consciousness among consumers intensifies, manufacturers are introducing organic coffee grown under natural conditions and free from pesticides and artificial fertilizers. This trend, coupled with various technological advancements, such as the integration of the Internet of Things (IoT) to control and monitor environmental factors affecting coffee cultivation, is positively influencing market growth. Moreover, the rising disposable incomes of consumers, increasing promotional activities on e-commerce platforms, and the growing adoption of coffee beans in the pharmaceutical industry are some of the other factors propelling market growth.
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Based on the product, the market has been categorized into Arabica, Robusta, and others.
On the basis of the distribution channel, the market has been bifurcated into online and offline.
Based on the end user, the market has been segmented into personal care, food and beverages (F&B), and pharmaceutical.