Market Trends

Booming Growth Expected in the Global Raw Coffee Beans Market by 2028

NEW YORK, April 8, 2024 /PRNewswire/ -- The international marketplace for unroasted, or "raw," coffee beans is projected to experience a significant boost. A recent study by Technavio estimates an impressive growth of USD 9.37 billion within the timeframe of 2024 to 2028. This represents a robust Compound Annual Growth Rate (CAGR) of 4.45% throughout the forecast period. The current vitality of the raw coffee beans market can be largely attributed to the uptick in coffee consumption that is aligning with cultural trends, particularly in urbanized areas where there's been a noticeable spike in café openings. These trends are largely driven by the increasing population and the growing service industry workforce, which further contributes to the demand for premium-grade coffee beans to satisfy the palate of discerning coffee aficionados.

A Surge in Quality and Sustainability

In the pursuit of catering to the sophisticated tastes of modern consumers, the coffee industry is focusing on key elements of production, such as the promotion of organic farming methods. Along with this, the concerns over environmental sustainability have taken center stage. Strides in water conservation efforts and efforts to prevent deforestation are evident as the industry understands the responsibility it has towards the environment while satiating the world's love for coffee.

Coffee isn't just cherished for its taste but also for its health benefits. Laden with antioxidants and considered an energy-boosting beverage, coffee finds use in diverse sectors including pharmaceuticals, personal care, and the broader food and beverage industry. The health-conscious wave in society plays perfectly into the versatility of coffee beans, ensuring its enduring presence in the market.

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Market Footprint and Performance Analysis

The raw coffee beans industry is somewhat fragmented and is characterized by several players, which steers a competitive market environment. The industry observed a growth margin of 3.84% in the year-on-year performance from 2022 to 2023. Regions such as South America, APAC, the Middle East and Africa, North America, and Europe offer unique perspectives in the raw coffee bean marketplace, greatly due to the varying climate conditions suitable for different coffee varieties. However, it is South America that has emerged as a remarkable contributor to the market with a lion's share of 43%.

The predominant countries that have established themselves as notable players in the market are Ethiopia, Vietnam, Indonesia, Brazil, and Colombia. These nations export a significant volume of coffee, further solidifying the global market. Companies such as Belco, Coffee Bean Corral, and Illycaffe Spa, among others, have been profiled as key entities within this burgeoning sector.

Dissecting the Segments: Quality and Methodology

The raw coffee beans market can be dissected by type, method, and geography. There exists a growing demand for specialty coffee, which boasts of higher quality encompassing superior taste, aroma, and distinguished flavors that result from complex agricultural and processing methods such as the wet/washed procedure. This process is known for enhancing the bean’s flavor while preserving key nutritional elements like antioxidants and chlorogenic acid.

Certifications concerning coffee quality and sustainability are gaining prominence. Organic certifications and other such standards play a vital role in sustaining the cultivation practices that are crucial for the environment and the market. As the healthy living trend continues to gain momentum, coffee is being embraced for its multiple health benefits including aiding in weight management, blood pressure regulation, and cholesterol control, which remarkably places coffee within the regimen of a healthy lifestyle.

The geographical overview reflects a thriving market in South America due to its favorable coffee growing conditions which yield a diversity in Arabica and Robusta varieties. These varieties are sought after not only for the health benefits they offer but also their contribution as major dietary antioxidants. Nevertheless, global challenges such as climate change further stress the importance of storage and logistics in the coffee industry.

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The Shift Towards Ethical Coffee Sourcing

A notable trend in the raw coffee beans market is the move towards sustainable and ethical sourcing. Consumer concern for the environment and fair labor conditions has risen, which has steered the demand for certifications such as Fair Trade, Rainforest Alliance, and Organic. These are instrumental in ensuring not only fair wages and safe working environments for farmers but also promote practices for environmental conservation.

Tackling Market Volatility

Despite the positives, one of the primary challenges for coffee bean growers is the volatility in pricing, which has ramifications for investment planning and sustainability measures. Fluctuations affect downstream players like traders, exporters, and roasters as well, thereby impacting business strategies and elevating financial risks. The market sees organic certifications as a pathway to sustainable coffee production and overall market stabilization.

For further insights on market drivers, trends, and challenges for the forecast period of 2024-2028, interested individuals are recommended to Request a sample report!

Research and Market Projections

The unroasted coffee beans sector stands as a significant segment of the global agricultural market. With increasing consumer preference leaning towards overland and organic coffee beans, the market propels forward. Significant factors fostering market growth include the rising popularity of specialty coffee and evolving health consciousness among consumers worldwide. However, as coffee producers navigate through challenges such as unpredictable weather patterns and disease outbreaks, the market continues to strive for stability and growth.

The market is seasoned with anticipation of steady growth, especially with emerging economies showing an uptick in coffee consumption paired with continuous innovations in the realm of coffee production.

About Technavio

Technavio stands as a global front-runner in technological research and advisory. Their analyses hinge on nascent market trends, lending actionable insights which assist businesses in deciphering market opportunities and strategizing an efficient market presence. With an ever-expanding repository of over 17,000 reports, Technavio serves a diverse clientele, including several Fortune 500 corporations, delivering comprehensive market insights across various fields and geographies.

For more information, please contact Jesse Maida, Media & Marketing Executive at Technavio Research. You can reach them at US: +1 844 364 1100, UK: +44 203 893 3200, or via email at [email protected] For further details, visit www.technavio.com.

SOURCE: Technavio

With the information compiled and interpreted, the global landscape of the raw coffee beans market promises lucrative business opportunities and encourages stakeholders to adopt more advanced, sustainable, and socially responsible practices for a thriving industry. As the global community leans into an era of heightened environmental and health consciousness, coffee, as a commodity, seems to be uniquely positioned to fulfill both market demands and consumer desires.