Raw Coffee Beans Market Size (2024 - 2029)

Raw Coffee Beans Market Analysis

The Raw Coffee Beans Market size is estimated at USD 35.33 billion in 2024, and is expected to reach USD 47.28 billion by 2029, growing at a CAGR of 6% during the forecast period (2024-2029).

• Coffee beans, a globally traded agricultural commodity, are shipped worldwide, sustaining the livelihoods of millions of growers and producers. While production predominantly occurs in developing nations, consumption is primarily concentrated in developed and emerging economies. Europe stands out as the world's largest consumer and exporter of raw coffee beans. According to ITC Trade Map, Europe's exports of raw coffee beans surged from USD 21.62 billion in 2021 to USD 30.36 billion in 2022. Brazil, a major player in the coffee industry, reported a coffee production revenue of USD 11.81 billion in 2022, according to the National Supply Company (Companhia Nacional do Abastecimento - CONAB). Coffee is more than just a commodity in Brazil; it is a cultural cornerstone, leading to a strong domestic demand for coffee beverages.
• The market for coffee beans thrives primarily due to their palatable appeal as a beverage. With a rising focus on health and wellness, many consumers in developed nations are gravitating toward coffee as a healthier substitute for sugary sodas. In response, coffee manufacturers are diversifying their offerings and introducing innovative flavors, including floral and other natural notes, to captivate younger audiences seeking novel taste experiences. Such innovations have spurred growth in the raw coffee beans market, as consumers increasingly favor these over heavily processed alternatives.
• In Indonesia, coffee farming communities grapple with intertwined challenges: market volatility, climate change, and gender inequity. Recognizing these hurdles, the US Government, via the US Agency for International Development (USAID), unveiled the Indonesia Coffee Enterprise Resilience Initiative (Resilient Coffee) in 2022. In collaboration with Keurig Dr. Pepper and Root Capital, a US NGO, this initiative aims to extend credit to rural agricultural enterprises. Targeting 14 coffee enterprises in Aceh, East Java, and North Sumatra, Resilient Coffee aspires to uplift 14,000 smallholder farmers, championing a growth model that harmonizes economic and environmental sustainability. Such initiatives are poised to support the coffee bean market's production in the future.

Raw Coffee Beans Industry Segmentation

Raw coffee beans are the seeds of the coffee plant, which are roasted and processed to make coffee powders, granules, and other beverage forms. The raw coffee beans market is segmented by geography into North America, Europe, Asia-Pacific, South America, and the Middle East and Africa. The report offers elaborated production (volume), consumption (value and volume), import (value and volume), export (value and volume), and price trend analysis of the market. The report offers the market size and forecasts in terms of value (USD) and volume (metric tons) for all the above segments.