Coffee beans industry analysis and business opportunities, 2024-2032 - sustainability, specialty coffees, and home brewing trends drive growth, led by industry giants like starbucks and lavazza
Dublin, nov. 05, 2024 (globe newswire) -- the "coffee beans market report and forecast 2024-2032" report has been added to researchandmarkets.com's offering. according to the report, the global coffee beans market reached approximately usd 35.23 billion in 2023. aided by the increased consumer interest in premium and specialty coffees, the market is projected to grow at a cagr of 6.10% between 2024 and 2032, reaching a value of around usd 60.07 billion by 2032. one of the foremost trends aiding the coffee beans market expansion is the growing emphasis on sustainability and ethical sourcing practices. consumers are increasingly aware of the environmental impact and the social conditions under which their coffee is produced. this awareness has driven demand for beans that are certified organic, fair trade, or rainforest alliance certified. these certifications ensure that the coffee is grown without harmful pesticides, herbicides, and that farmers receive fair compensation for their produce. the rise of speciality coffee shops is a crucial coffee beans market trend, which has led to increased consumer interest in premium and speciality coffees. these coffees are often sourced from specific regions and are valued for their unique flavour profiles, which can be influenced by the altitude, climate, and soil conditions of the region where they are grown. the premiumisation trend has encouraged coffee enthusiasts to explore single-origin coffees and limited-edition releases, thereby willing to pay higher prices for high-quality, distinctive products. technological advancements have significantly increased the global coffee beans market value. precision agriculture technology, such as drones and iot sensors, is being used to monitor crop health, optimize water usage, and improve yield quality. on the processing side, innovations in roasting and packaging techniques help preserve the freshness and flavour of the beans for longer periods, enhancing the overall quality of the coffee. the health aspect of coffee consumption has come to the forefront, influencing the global coffee beans market growth. the antioxidant properties of coffee are being highlighted, and products that offer additional health benefits, such as infused coffee beans with vitamins or proteins, are gaining popularity. additionally, the market is seeing a rise in demand for decaffeinated options as consumers seek to enjoy coffee's benefits without the effects of caffeine. the covid-19 pandemic accelerated the shift towards online shopping, and the coffee beans market has not been an exception. e-commerce platforms have become vital for coffee bean sales, offering consumers the convenience of exploring and purchasing a wide variety of beans from around the world from the comfort of their homes. subscription services have also grown, providing regular deliveries of fresh beans based on consumer preferences. with more consumers working from home, there has been a significant uptick in home brewing. enthusiasts are investing in high-quality coffee-making equipment and experimenting with different brewing methods, such as french press, espresso, and cold brew, which require specific types of beans and grinds. this trend has led to increased sales of premium beans and a greater interest in home roasting kits. manufacturers in the global coffee beans market are continuously experimenting with new flavours and blends to capture the attention of a broader audience. this includes the introduction of flavoured beans, such as vanilla, caramel, and hazelnut, and blends that combine beans from various origins to create unique flavour profiles. this trend caters to a segment of the market looking for novelty and variety in their coffee consumption.
