Coffee Beans Market Size To Reach $55.0 Billion By 2030

December 2024 | Report Format: Electronic (PDF)

Coffee Beans Market Growth & Trends

The global coffee beans market size is expected to reach USD 55.0 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.9% from 2024 to 2030. Increasing consumption of coffee across various regions and health benefits related to the beverage are the major factors for the growth of market. Moreover, increase in the number of coffee retail shops and cafes in India and China, coupled with rise in consumption of this beverage among different age groups, especially young generation, has driven the demand for these beans.

Arabica dominated the market in 2018 and is expected to maintain its lead in the forecast period. Arabic is the mostly consumed owing to its sweet taste and high presence of lipids. Robusta beans is expected to be the fastest growing segment due to growing demand from the pharmaceutical industry owing to high caffeine content. Many manufacturers are focusing on improving their product to produce better quality of coffee.

For instance, in 2019, Lavazza launched a new cold coffee brew, which is made up of robusta bean. Furthermore, Roadchef, a motor service company, had tied up with bio-bean to use the recycle waste coffee beans into fuel, which is expected to have a positive effect on the market growth over the forecast period.

North America was the largest regional market in 2023 due to growing demand for coffee vending machines at railway stations and other places. Furthermore, increasing popularity of this beverage among the working population is anticipated to make a reasonable contribution to the market revenue. Furthermore, increase in the number of coffee shops in Canada and U.S. has led to a rise in consumption of robusta and arabica beans in recent years.

The Asia Pacific market has been identified as one of the fastest growing at a CAGR of 10.0% during the forecast period. Moreover, penetration of various pharmaceutical companies such as Novartis and Allergan is expected to fuel demand for robusta and arabica beans over the forecast period. Asia Pacific is expected to witness substantial growth over the forecast period. Increasing number of franchise outlets, coupled with rise in demand from the pharmaceutical and cosmetic industries, is driving the market in the region.

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Coffee Beans Market Report Highlights

By product, arabica dominated the global market with an overall revenue share of 59.8% in 2023. Robusta is anticipated to ascend at a CAGR over the forecast period
Robusta beans are expected to advance at a faster CAGR of 8.6% over the forecast period
Europe dominated the global market in 2018, accounting for 34.8% share of the overall revenue. This trend is projected to continue over the next few years
The Asia Pacific market has been identified as one of the fastest growing at a CAGR of 10.0% during the forecast period attributed to the budding café culture in India and China