Brewing Opportunity: Trends Shaping the Coffee Beans Market
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 ....