The global coffee beans market was valued at USD 32.6 billion in 2023 and is projected to reach USD 55.0 billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030. This robust growth reflects the rising global affinity for coffee, particularly among younger demographics, and the increasing presence of international coffee chains in emerging markets.

The shift in consumer preferences, especially among millennials and Gen Z, toward coffee over traditional beverages like tea has significantly propelled market expansion. The increasing penetration of global café franchises, such as Starbucks, Café Coffee Day (CCD), and Dunkin’, particularly in Asia Pacific and other developing economies, further reinforces this trend. These outlets not only offer diverse coffee-based beverages but also serve as social and professional hubs, enhancing their appeal among urban youth and professionals.

Diversified Applications Beyond Beverages

The use of coffee beans extends beyond the traditional food and beverage sector. Coffee’s health-related attributes—due to its caffeine and antioxidant content—have opened up new growth avenues in the pharmaceutical and cosmetics industries:

• In pharmaceuticals, coffee beans are recognized for their antioxidant properties and potential role in weight management, making them a valuable ingredient in various health supplements and formulations.
• In the cosmetics sector, coffee is increasingly used in skin care and beauty products for its exfoliating, anti-inflammatory, and antioxidant effects, which are effective in rejuvenating skin and reducing puffiness.

This cross-industry relevance broadens the market’s potential, attracting investments from both traditional food companies and new entrants in health and wellness sectors.

Drivers of Market Growth

Several factors are contributing to the consistent demand growth:

• Youth-Centric Consumption Trends: A key demographic driving growth is the younger population, especially in urban areas. With increasing disposable income and exposure to Western culture through social media, this group is adopting coffee as part of their daily routine.
• Product Variety and Personalization: Unlike tea, coffee offers a wide spectrum of flavors and preparation styles—from Espresso, Cappuccino, and Latte to Mocha and Iced Coffee—catering to a broad range of taste preferences and enhancing its mass appeal.
• Growing Health Awareness: The functional benefits of caffeine, including enhanced mental alertness through adenosine receptor suppression, combined with tannins’ antioxidant properties, have led to a surge in health-conscious coffee consumption.
• Marketing & Advertising Influence: Global advertising campaigns by coffee brands highlighting the benefits and lifestyle appeal of coffee have increased awareness and consumption, especially in non-traditional markets.

Key Market Trends & Insights

• Arabica Beans Dominance: In 2023, Arabica beans accounted for the largest revenue share of 59.8%. Known for their sweet, mild flavor and subtle notes of chocolate and sugar, Arabica beans continue to be the preferred choice for high-quality blends.
• Food Sector Leadership: The food segment dominated the market with a 2% revenue share in 2023, driven by the extensive use of coffee beans not only in beverages but also in baked goods such as cookies, cakes, muffins, and confectioneries like chocolates and candies.
• Regional Leadership - North America: North America held a significant share of the global market in 2023, thanks to the widespread presence of café chains such as Starbucks, Dunkin’, and Tim Hortons, all of which offer a wide array of specialty coffee beverages and contribute to strong consumer loyalty.
• S. Market Dynamics: The U.S. market experienced substantial growth in 2023, fueled by increasing disposable income, a growing young population, and a thriving fast-food and café culture. The presence of large-scale franchises, combined with rising interest in premium and artisanal coffee, is expected to sustain growth in the coming years.

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Market Size & Forecast

• 2023 Market Size: USD 6 Billion
• 2030 Projected Market Size: USD 0 billion by 2030
• CAGR (2024-2030): 9%
• North America: Largest market in 2023
• Asia Pacific: Fastest growing market

Key Coffee Beans Company Insights

Some of the key companies involved in the coffee beans market include Hawaii Coffee Company; Death Wish Coffee; and illycaffè S.p.A.

• Hawaii Coffee Company is based in Hawaii, specializing in high-quality coffee blends made with only Arabica beans and distinctive Hawaiian-inspired flavors. The company offers a range of coffee products, including variety of roasts, flavored coffees, cold brews, and subscriptions. The brands associated with Hawaii Coffee Company are Lion Coffee, Royal Kona, and Hawaiian Isles.
• illycaffè S.p.A., also known as illy, is an Italian coffee company. The company makes coffee from nine varieties of Arabica beans. It also offers coffee machines, designer cups (the illy Art collection), and accessories. Globally, they market their coffee in red and silver cans, preserving the authentic taste of coffee.

Key Players

• La Colombe Torrefaction, Inc.
• Hawaii Coffee Company
• Death Wish Coffee
• illycaffè S.p.A.
• Coffee Bean International, Inc.
• The Bean Coffee Company
• Luigi Lavazza S.p.A.
• Caribou Coffee
• Peet's Coffee, Inc.
• Kicking Horse Coffee Co. Ltd.

Conclusion

The global coffee beans market is undergoing a period of dynamic expansion, fueled by evolving consumer tastes, rising urbanization, health consciousness, and cross-industry applications. As coffee consumption becomes more embedded in daily lifestyles—particularly among the younger and urban populations—its market is expected to grow steadily at a CAGR of 7.9%, reaching USD 55.0 billion by 2030.

The market’s versatility, spanning food, beverages, pharmaceuticals, and cosmetics, combined with the continued expansion of global coffee chains into emerging markets, positions coffee beans as a high-growth commodity with sustained global demand. Players in the industry should capitalize on these evolving trends by investing in product innovation, regional expansion, and health-driven marketing.