Market Research Report
Global Coffee Beans Market - 2021-2028
|Global Coffee Beans Market - 2021-2028|
Published: November 16, 2021
Content info: 180 Pages
Delivery time: 2 business days
A coffee bean is a coffee plant seed that is used to make coffee. Arabica and Robusta are the two most economically important coffee plant varieties. Approximately 60 percent of the coffee produced worldwide is Arabica and approximately 40% is Robusta. The primary driver expected to drive the market throughout the forecast period is the increasing penetration of franchise outlets such as CCD and Starbucks in India, China, and other countries. Due to the rising use of coffee beans in numerous sectors such as pharmaceuticals, cosmetics, and food and beverages, demand for coffee beans is predicted to expand significantly. The global coffee beans market valued USD XX million in 2020 and is forecasted to reach USD XX million by 2028, growing at a CAGR of XX% during the forecast period (2021-2028)
Increasing demand for coffee is expected to drive the coffee beans market
One of the main factors for increased coffee consumption is the growing popularity of coffee among the youthful population in major countries such as India, China, and the Philippines, among others. Arabica and robusta beans are widely used owing to their caffeine content. Robusta contains 2.7% caffeine, which is almost double of 1.5% of arabica. Also, arabica type is pleasant in taste and contains almost 60% lipid and almost twice concentration of sugar than robusta owing to which people prefer arabica over robusta. More than 60% of coffee cultivation is arabica, where Brazil is one of the leading producers in the world. Arabica has higher acidity than robusta, which adds a fruity, chocolate, and nutty flavor of the beans. Owing to growing popularity, various franchise retailers are entering these markets to meet consumer demand. India has more than 1,400 registered cafes. In China, Starbucks alone has more than 1,500 outlets. The number of cafes is expected to increase in the coming years, which is expected to fuel demand for robusta and arabica beans over the forecast period. Furthermore, these beans aid in the prevention of diabetes, skin cancer, and heart disease, as well as the strengthening of the immune system. Growing awareness of the health advantages of these beans has led to a rise in intake among diabetics, since they aid to lower the risk of type 2 diabetes. As a result, demand for coffee beans is predicted to increase over the forecast period.
Robusta is the fastest growing segment during the forecast period
During the projected period, Robusta is expected to be the fastest-growing market, with a CAGR of XX %. The flavor of these beans is rich and intense, with a chocolatey aftertaste that lingers in the mouth. Furthermore, these beans contain a high amount of caffeine, which has a direct influence on the brain. Caffeine replaces adenosine, a neurotransmitter that stimulates the brain and keeps awake and alert. Over the projected period, this is expected to gain popularity among the working population. These beans are also high in natural antioxidants, which have anti-inflammatory properties. Furthermore, they aid in the prevention of diseases such as Alzheimer's and gallbladder stones, as well as weight loss. Over the projected period, this is expected to boost robusta bean demand.
By application, food and beverages emerged the largest segment, accounting for more than XX% share in 2020. Over the projected period, an increase in coffee consumption, as well as coffee-flavored beverages, is likely to fuel demand for coffee beans. The fact that coffee beans are utilized in cookies, cakes and muffins is expected to boost market growth. The pharmaceutical industry is expected to increase at the fastest rate, with a CAGR of XX percent over the projected period. Over the projection period, an increase in awareness of health benefits is a key element driving the industry. Green coffee beans, for example, are used to help people lose weight and enhance their metabolism. Because of their high antioxidant content, Arabica and robusta beans are employed in a variety of treatments and functional foods, which is projected to drive demand for these beans over the forecast period.
North America is expected to dominate the global coffee beans market in the year 2020
Due to the high consumption of coffee brew, North America was the largest market in 2020, with a share of XX percent. Growing demand for coffee vending machines at railway stations, airports, offices, and other locations, as well as rising demand from the working population, are expected to contribute to market revenue in a reasonable amount. Furthermore, over the projected period, an expansion in the number of coffee shops in Canada and the United States is expected to stimulate demand for coffee beans. Due to increased disposable income and coffee consumption, Asia Pacific is predicted to rise significantly during the projection period. Coffee's growing popularity among the young population, as well as an increase in the number of cafes, are predicted to boost demand for coffee beans in the region.
The global coffee beans market is fragmented and the global players are competing intensely with local and regional players and private labels. Some of the key players operating in the global market are Death Wish Coffee, The Coffee Beans Co., Kicking Horse Whole Beans, La Colombe Torrefaction, INC. and Coffee Beans International, Inc among others. To boost their market share, manufacturers are focusing on developing new flavors and products. Furthermore, they use a variety of price tactics to boost sales. In the coming years, the global market is expected to develop due to the introduction of new flavors and appealing packaging, as well as advertising through networks and social media. With the launch of the brand 'Sonnets by Tata Coffee' in June 2021, Tata Consumer Products Ltd (TCPL) forayed into the premium roast and ground coffee category.
COVID-19 Impact: Negative impact on the coffee beans market
Coffee beans market was negatively impacted owing to the trade disruptions and supply chain challenges. Due to the Covid lockdown and limited availability of beans for shipments, India's coffee exports for 2020 fell by about 12% to 3.08 lakh tonnes (lt) compared to the previous year, owing to lower demand from key countries such as Italy and Germany. Shipments declined by 9.46 percent in value to $714 million ($789 million in 2019). The COVID-19 restrictions hit coffee supplies, and the disruptions to shipping beans from such a major producing country as Vietnam came on the heels of coffee crop losses in Brazil. The Brazilian government braced for coffee losses as the world's biggest producer of coffee continues to monitor its crops but fully expects crops to be badly damaged.
The global coffee beans market report would provide an access to approximately 45 market data tables, 45 figures and 180 pages