Coffee Beans Market Forecast to 2027 | Research Report

Coffee Beans Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product (Arabica, Robusta, Others), End Use (Personal Care, Food and Beverage, Pharmaceuticals), and Geography

Publication Month : Jul 2020

  • Report Code : TIPRE00005657
  • Category : Food and Beverages
  • Status : Published
  • No. of Pages : 140
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[Research Report] The coffee Beans market was valued at US$ 25,591.7 million in 2018 and is projected to reach US$ 41,962.4 million by 2027; it is expected to grow at a CAGR of 5.6% from 2019 to 2027.

Coffee beans are the seeds produced by coffee plants, which are a rich source of coffee. The coffee beans are not exactly beans, but they are called coffee beans as they resemble true beans in their appearance. Just like ordinary cherries, the coffee beans are also a so-called stone fruit. The two most important varieties of coffee plants are arabica and robusta. According to some of the studies, the coffee plant was first discovered in Ethiopia by a goat herder named Kaldi. Coffee beans are a major cash crop and a crucial product for export. Based on product, the coffee beans market is segmented into arabica, robusta, and others. In 2018, the arabica segment dominated the market by accounting major market share. The Arabica trees produce fine, and aromatic coffee. The beans of Arabica are flat and  elongated compared to Robusta and have lower caffeine content. The arabica coffee beans are low in calories and contain ample amount of minerals like niacin, potassium, and manganese. The high-quality arabica coffee is slightly sweet with hints of chocolates, nuts, and caramel. They might even possess little bitterness and slight acidic.

Asia Pacific region is expected to grow with a highest CAGR of 6.0% during the forecast period. The Asia Pacific region is expected to gain a significant share in the global coffee beans market owing to the increasing popularity of different coffee products among the consumers in the region. The number of coffee cafes and coffee outlets are increasing in countries such as India, Thailand, the Philippines, and Indonesia, which is further contributing to the coffee beans market. The climate, along with the geographical location of Southeast Asia, is quite ideal for coffee cultivation. Furthermore, the region’s coffee culture and expertise in coffee production have contributed to the emergence of the thriving coffee industry in this region. Some of the Southeast Asian countries have become coffee exporting giants, including Indonesia, Vietnam, and Laos. Thailand is also attracting business and investments owing to its increasing coffee demand. Additionally, the Philippines is determined to revive its coffee industry in order to target niche markets and the growing domestic demand for specialty coffee. In the current scenario, Vietnam is the second-largest coffee exporter across the world after Brazil. In the year of 2017, total coffee production accounted for 29,500,000 bags of 60kg weight, followed by Indonesia with a total production of 10,902,000 Bags.

Effect of COVID-19 upon Coffee Beans Market

COVID-19 outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, India, Russia, Spain, republic of Korea, France, Germany, and the US are some of the worst affected countries in terms confirmed cases and reported deaths. According to the latest WHO figures, there are ~9,843, 073 confirmed cases and 495,760 deaths globally. The COVID-19 outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food processing industry is one of the major industries facing serious disruptions such as factories shut down, supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.

Global Coffee Beans Market

Global Coffee Beans Market
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Market Insights

Increase in the Consumption of Coffee and Coffee Beverages

Coffee is one of the most consumed beverages across the world. There is an upsurge in the popularity of coffee among the young population, especially in countries such as India, China, and Philippines, which fuels the demand for coffee beans. There are several leading motives for coffee consumption, such as functional, taste & pleasure, habit, tradition, culture, and socialization. The rise in the middle-class population and overall better standards of living, contribute to the increase in demand for coffee and coffee beverages. The consumption of coffee has also grown significantly among office professionals. The opening and expansion of local coffee stores and new coffee stores is another factor propelling the demand for coffee, which in turn contributes to the growth of the coffee beans market. Additionally, an increase in consumption of milk, favors the market growth as consumers mix coffee in milk for better taste. The opportunity to linger and stay for a quality long time in coffee shops also attracts the attention of the consumers, which in turn increases the demand for coffee. Besides this, coffee shops act as an alternative to the library. Besides, drinking coffee is regarded as a kind of fashion and relaxed lifestyle for young people, which in turn leads to the upsurge in demand for coffee. Coffee beans are treated in different ways for the purpose of selling in various types’ coffee blends and are present in retail shops, grocery stores and online.

Product Insights

Based on product, the coffee beans market has been segmented into arabica, robusta, and others. The Arabica segment accounted for the largest share of the global coffee beans market in 2018, and robusta segment is expected to grow at a higher CAGR during the forecast period. Arabica coffee is the oldest and most dominant species of coffee. It is obtained from the coffee shrub of Arabica and is also known as mountain coffee or coffee Arabica. Arabica coffee accounts for almost 60% of the world’s coffee production and consumption. The Arabica beans are native to Ethiopia, South Sudan, and Yemen, where they have been grown and cultivated since the 12thcentury. At present, they are grown and cultivated across the globe ranging from Africa to Latin America and Asia to the Caribbean. Arabica plants are trees or large bushes bearing white flowers and bright red berries. Each of these berries contains two seeds that eventually turn to coffee beans. Arabica plants take about seven years to completely mature and produce fruit. Besides, for those seven years, no coffee can be harvested. Arabica consists of 60% more lipids and twice the concentration of sugar  compared to robusta. Arabica plants can tolerate low temperatures and grows best with average temperatures between 15 and 24 degrees. One strain of coffee Arabica contains a limited amount of caffeine. Arabica coffee is rich in antioxidants, with small amounts of vitamins & minerals like niacin, magnesium, manganese, and potassium. A good quality Arabica coffee has a slightly sweet flavor with some hints of nuts, caramel, and chocolate. Louis Dreyfus Company, Bharat Company Depot, and among others are some of the companies offering Arabica coffee beans.

Global Coffee Beans Market, by Product– 2018 & 2027

Global Coffee Beans Market, by Product– 2018 & 2027
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End Use Insights

Based on end use, the coffee beans market has been segmented into food & beverages, personal care, and pharmaceutical. The food & beverages segment accounted for the largest share in the global coffee Beans Market in 2018, and is expected to register the fastest growth rate during the forecast period. Coffee is one of the commercialized food products and is the most widely consumed beverage worldwide. The reasons behind increase in coffee consumption include improvement in coffee quality through the selection of different varieties, improvement in agricultural practices and creation of specialty shops. Coffee beans are used in different varieties of food as they are rich in antioxidants and reduce the risk of diabetes and combat inflammation. Food items such as café mocha cookies, coffee sugar cookies, coffee rubbed steak, coffee chocolate brownie, and coffee rub crusted pork roast are made using coffee or coffee beans. The use of coffee beans in café mocha cookies not only gives a savory coffee flavor, but addsa rich chocolaty flavor as well. The coffee sugar cookies provides sweet flavor together with bits of strong and robust coffee. The decadent dessert of brownie coupled with smooth coffee flavor offer a mouthwatering taste to coffee. Coffee beverages are prepared and presented in various vogues and styles across the world, but they differ in their preparation method and ingredients used. Expresso, expresso macchiato, and cappuccino are some coffee beverages that are consumed by a majority of people.

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Coffee Beans Market: Strategic Insights

Market Size Value inUS$ 25,591.7 Million in 2018
Market Size Value byUS$ 41,962.4 Million by 2027
Growth rateCAGR of 5.6% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Mergers and acquisition and research and development are commonly adopted by companies to expand their footprint worldwide, which is further impacting the size of the market. The players present in the coffee beans market such as Illycafe  S.p.A and Peets Coffeehave been implementing the mergers and acquisition and research and development strategies to enlarge the customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.For instance, in August 2019, Illycafe S.p.A announced acquisition of its UK distribution business from Euro Food Brands (EFB Group). Euro Food Brands were solely related to the distribution of Illy products in the UK. The operation is done with the intention to hire more employees needed to manage and develop the company.

Global Coffee Beans Market – By Product

  • Arabica
  • Robusta
  • Others

Global Coffee Beans Market – By End Use

  • Food and Beverage
  • Personal Care
  • Pharmaceuticals

Company Profiles

  • 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 Company
  • The Coffee Beans Co.
  • Peets Coffee and Tea, Inc.
  • Starbucks Coffee Company
  • Direct Coffee GmbH
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product , End Use , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

The List of Companies - Coffee Beans Market

  1. Bharat Coffee Depot
  2. Death Wish Coffee Company
  3. Gold Coffee Company
  4. Hawaiian Isles Kona Coffee Company, Ltd
  5. Kicking Horse Whole Beans
  6. IllycaffS.p.A Company
  7. The Coffee Beans Co
  8. Peets Coffee
  9. Starbucks Coffee Company
  10. Direct Coffee GmbH

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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