In this article, we will be covering the top 20 coffee producing countries in the world. If you want to skip our detailed analysis of the global coffee market, you can go directly to Top 5 Coffee Producing Countries in the World.
Coffee is enjoyed by millions around the world everyday. It plays a vital role in global economies and cultures, fostering economic growth, social connections and employment opportunities. The global coffee market is a dynamic and thriving sector. From coffee cultivation and processing to distribution and retail, this sector encompasses a wide range of businesses. You can also take a look at the countries with the best coffee according to reddit.
Key Trends and Major Players in the Global Coffee Market
According to a report by Mordor Intelligence, the global coffee market’s value is estimated to have reached $126.17 billion in 2023. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 4.72% during 2024 to 2028, pushing the market to reach a value of $158.89 billion by the end of the forecast period. Driven by a growing demand for high-quality coffee and the expansion of specialty coffee shops, the market is expected to experience significant growth, especially in emerging markets.
While previously instant coffee was considered a high-end product, it has started losing its base of younger consumers. In developed countries, a growing number of consumers are switching from instant coffee to premium coffee due to its quality and flavor, and this trend is expected to continue during the forecast period. The shift in consumer preferences is driving demand for single-origin beans, artisanal roasting techniques, and innovative brewing methods.
Keurig Dr Pepper Inc. (NASDAQ:KDP) is an American beverage and coffee maker conglomerate. Keurig Dr Pepper Inc. (NASDAQ:KDP) has a portfolio of more than 125 owned, licensed, and partner brands that offer hot and cold beverages, including specialty coffee. It also markets single serve coffee brewing systems in the US and Canada. On November 15, Keurig Dr Pepper Inc. (NASDAQ:KDP) reported that its brand Green Mountain Coffee Roasters has announced a new exciting collaboration with Kevin Costner, a celebrated Academy Award Winner, to craft a series of freshly inspired coffee blends. Inspired by the American West, Horizon Blend by Kevin Costner, which is a bold and smoky dark roast, will be available in December. Costner worked directly with the Green Mountain Coffee Roasters team to develop Horizon Blend, which will offer a unique and appealing flavor while also reflecting Costner’s personal taste for bold yet balanced coffee.
Moreover, the popularity of coffee shops and cafés continues to grow and provide consumers with convenient social spaces to enjoy their favorite coffee drinks. The expansion of global coffee chains as well as the emergence of locally owned establishments is fueling this trend.
Based in the US, Starbucks Corporation (NASDAQ:SBUX) is a multinational roaster and retailer of specialty coffee in the world. With more than 38,000 stores worldwide, it is the world’s largest coffeehouse chain. On November 2, Starbucks Corporation (NASDAQ:SBUX) reported strong earnings for the fiscal fourth quarter of 2023. The company reported an EPS of $1.06 and beat estimates by $0.09. The company’s revenue for the quarter grew by 11.40% year-over-year and amounted to $9.37 billion, ahead of market consensus by $92.82 million
Brands operating in the coffee market rely on a consistent supply of high-quality coffee beans to meet consumer demand. Irregular weather conditions, such as floods, excessive rainfalls, and droughts, can negatively impact coffee crops and yield quality. This can lead to potential shortages and supply chain disruptions.
Nestlé S.A. (OTC:NSRGY) is a Swiss multinational food and beverage conglomerate with a diverse portfolio, which includes the renowned coffee brands Nespresso and Nescafé. On October 2, Nestlé S.A. (OTC:NSRGY) announced that, in partnership with climate insurance expert Blue Marble, it has launched a pilot weather insurance program in Indonesia for more than 800 smallholder coffee farmers. These farmers supply coffee to its brand Nescafé. The insurance program will provide financial protection that will help coffee farmers cope with irregular weather conditions, including severe drought and rainfall.
Now that we have looked at what some of the leading companies in the global coffee market are up to, let’s take a look at the top 20 coffee producing countries in the world. You can also check out countries with the highest coffee consumption.
A team of baristas in the roasting area with sacks of freshly roasted coffee beans.
Methodology
In this article, we have listed the top 20 coffee producing countries in the world. To rank the top coffee producing countries in the world, we consulted the United States Department of Agriculture (USDA) Foreign Agricultural Service. This database provided us with a list of countries and information on their forecasted coffee production for the coffee marketing year 2023/24. The unit of measurement for coffee is a 60-kilogram bag. We used data available for the latest year in their dataset, which was published in June 2023. We then narrowed down our selection to rank the top 20 coffee producing countries in the world based on their expected coffee production in the marketing year 2023/24. The top 20 coffee producing countries in the world are listed below in ascending order.
Top 20 Coffee Producing Countries in the World
20. Thailand
Coffee Production in 2023/24: 750,000 60-Kilogram Bags
First up on our list of top 20 coffee producing countries in the world is Thailand. It is a Southeast Asian country that is known for its tropical beaches. While Thailand mainly produces Robusta coffee, Arabica coffee farming in the country is on the rise. In the coffee marketing year 2023/24, Thailand is expected to produce a total of 750,000 60-kg bags.
For investors looking to increase their exposure to the coffee industry, some stocks they can consider researching and investing in include Starbucks Corporation (NASDAQ:SBUX), Nestlé S.A. (OTC:NSRGY), and Keurig Dr Pepper Inc. (NASDAQ:KDP).
19. Kenya
Coffee Production in 2023/24: 800,000 60-Kilogram Bags
Kenya is a country in East Africa that is expected to produce a total of 800,000 60-kg bags of coffee in the marketing year 2023/24. The majority of Kenyan coffee is produced by small-scale holders. The Kenyan coffee industry employs a substantial workforce, with hundreds of thousands of individuals employed directly or indirectly in the production of coffee.
18. Papua New Guinea
Coffee Production in 2023/24: 900,000 60-Kilogram Bags
Papua New Guinea is a country in Oceania that encompasses the eastern half of New Guinea and its offshore islands. While Arabica coffee is the predominant species grown across the country, it also grows Robusta coffee in smaller quantities. In the coffee marketing year 2023/24, Papua New Guinea is forecasted to produce a total of 900,000 60-kg bags of coffee.
17. Tanzania
Coffee Production in 2023/24: 1.35 Million 60-Kilogram Bags
Tanzania in East Africa is a mountainous and densely forested country. Coffee is one of the country’s main export crops, and so coffee production is an important part of Tanzania’s economy. Tanzania is expected to produce a total of 1.35 million 60-kg bags of coffee in the marketing year 2023/24.
16. Côte d’Ivoire
Coffee Production in 2023/24: 1.35 Million 60-Kilogram Bags
Côte d’Ivoire, or Ivory Coast, is a West African country. Despite the fact that for the most part, the country only produces Robusta coffee, it is still one of the largest coffee producing countries in Africa. In the coffee marketing year 2023/24, Côte d’Ivoire is forecasted to produce a total of 1.35 million 60-kg bags of coffee.
15. Costa Rica
Coffee Production in 2023/24: 1.44 Million 60-Kilogram Bags
Costa Rica is a rugged, rainforested country in the Central American region of North America. It is projected that in the marketing year 2023/24, Costa Rica’s coffee production will reach 1.44 million 60-kilogram bags of coffee. Costa Rica ranks among the top 15 on our list of top coffee producing countries in the world.
14. Malaysia
Coffee Production in 2023/24: 1.5 Million 60-Kilogram Bags
Malaysia is a Southeast Asian country that is known for its beautiful beaches and lush rainforests. Malaysia is expected to produce 1.5 million 60-kg bags of coffee in the marketing year 2023/24.
13. China
Coffee Production in 2023/24: 1.8 Million 60-Kilogram Bags
China ranks among some of the largest countries in terms of area. The majority of the coffee is produced in the country’s Yunnan province. In the coffee marketing year 2023/24, China is expected to produce a total of 1.8 million 60-kg bags of coffee.
12. Nicaragua
Coffee Production in 2023/24: 2.66 Million 60-Kilogram Bags
Nicaragua is a country in Central America that shares a border with Costa Rica. It is the largest country in the Central American region and it is known for its dramatic terrain of lakes, volcanoes, and beaches. Nicaragua is forecasted to produce 2.66 million 60-kg bags of coffee in the marketing year 2023/24.
11. Guatemala
Coffee Production in 2023/24: 3.435 Million 60-Kilogram Bags
Guatemala is another Central American country on our list of top coffee producing countries in the world. It is projected that in the marketing year 2023/24, Guatemala’s coffee production will reach 3.435 million 60-kilogram bags of coffee. Production of coffee plays an important role in the country’s economy.
10. Mexico
Coffee Production in 2023/24: 4.09 Million 60-Kilogram Bags
Mexico ranks among the top 10 coffee producing countries in the world. The coffee produced is mostly Arabica, and coffee production is primarily concentrated in the Southern regions of the country. In the coffee marketing year 2023/24, Mexico is expected to produce a total of 4.09 million 60-kg bags of coffee.
9. Peru
Coffee Production in 2023/24: 4.2 Million 60-Kilogram Bags
Peru is a country in South America that is home to a section of the Amazon rainforest. In Peru, agriculture is considerably diversified. It ranks among the world’s leading producers of Arabica coffee. It is projected that in the marketing year 2023/24, Peru’s coffee production will reach 4.2 million 60-kilogram bags of coffee.
8. Honduras
Coffee Production in 2023/24: 5.5 Million 60-Kilogram Bags
Honduras is a country in Central America that is known for its beautiful beaches and lush flora and fauna. Coffee is one of the country’s main agricultural export crops and it is important for the Honduran economy. In the coffee marketing year 2023/24, Honduras is expected to produce a total of 5.5 million 60-kg bags of coffee.
7. India
Coffee Production in 2023/24: 5.81 Million 60-Kilogram Bags
India is one of the largest and most populated countries in the world. The majority of the Indian coffee is produced in the hill tracts of South Indian states. It is projected that in the marketing year 2023/24, India’s coffee production will be around 5.81 million 60-kilogram bags of coffee.
6. Uganda
Coffee Production in 2023/24: 6.85 Million 60-Kilogram Bags
Uganda is a landlocked country in East Africa with a diverse landscape. While Uganda is one of the world’s major Robusta producers, some Arabica is also grown in different highland areas of the country. In the coffee marketing year 2023/24, Uganda is expected to produce a total of 6.85 million 60-kg bags of coffee. Uganda is one of the top coffee producing countries in the world, and coffee is one of the country’s main export crops.
Starbucks Corporation (NASDAQ:SBUX), Nestlé S.A. (OTC:NSRGY), and Keurig Dr Pepper Inc. (NASDAQ:KDP) are some of the most notable corporations operating in the global coffee market.
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Disclosure: None. Top 20 Coffee Producing Countries in the World is published on Insider Monkey.
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