Raw Coffee Beans Market Size

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 are a global agricultural product shipped worldwide, providing livelihood for millions of coffee growers and producers. While coffee production is concentrated in developing countries, its consumption mainly occurs in developed and emerging economies. The coronavirus restrictions led to shipment delays and increased freight prices, and overland transportation became difficult for smallholder farmers who often receive low prices for their produce.
• Coffee farming communities in Indonesia face overlapping crises as market volatility, climate change, and gender inequity pose critical challenges to rural communities and agricultural enterprises. Therefore, in 2022, the US Government, through the US Agency for International Development (USAID), announced the launch of the Indonesia Coffee Enterprise Resilience Initiative (Resilient coffee), a new partnership with Keurig Dr. Pepper and Root Capital, a US NGO, to provide credit to agricultural enterprises in rural communities. Resilient coffee will support 14 coffee enterprises across Aceh, East Java, and North Sumatra, reaching 14,000 smallholder farmers as it promotes sustainable growth that balances economic needs with environmental sustainability. This is expected to boost the production of the coffee beans market in the coming years.
• Globally, Europe is the world's largest consumer and exporter of raw coffee beans, accounting for more than 28% of global consumption. The growth of the global market for coffee beans is driven by their taste when consumed as a beverage. Moreover, health benefits associated with coffee and retail market expansion make purchasing easy for consumers, boosting the global coffee bean market. For many years, Europe has been the world's largest consumer of raw coffee beans. The demand for coffee beans in Asia-Pacific has grown significantly over the years due to the increase in its consumption. Japan, India, and the Philippines are the major contributors to its growth.