PUBLISHER: Grand View Research | PRODUCT CODE: 1575062
PUBLISHER: Grand View Research | PRODUCT CODE: 1575062
The global coffee concentrates market size is estimated to reach USD 3.47 billion in 2030 and is anticipated to expand at a CAGR of 6.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. One of the major driving factors is the increasing popularity of ready-to-drink coffee products. Busy professionals and consumers are seeking convenient and time-saving caffeine options that fit into their fast-paced lifestyles. Coffee concentrates offer a quick solution, allowing users to easily mix concentrated coffee with water or milk to enjoy a flavorful beverage without the need for extensive preparation. This convenience aligns well with the on-the-go lifestyle of many consumers, making coffee concentrates an attractive choice.
Additionally, the growing awareness of health benefits associated with coffee consumption is contributing to the rise in demand for coffee concentrates. Many consumers perceive organic and concentrated coffee products as healthier alternatives due to their reduced chemical residues from synthetic pesticides and fertilizers. This perception is further supported by research indicating that coffee consumption may lower the risk of certain health issues, such as type 2 diabetes and depression, thus appealing to health-conscious consumers. Urbanization also plays a significant role in the increasing consumption of coffee concentrates. As cities expand and lifestyles become busier, there is a greater demand for convenient food and beverage options. The expansion of multinational retail brands offering diverse coffee concentrate products has made these beverages more accessible to consumers, further driving market growth.
Technological advancements in brewing and processing methods have also enhanced the appeal of coffee concentrates. Improved extraction techniques and preservation processes ensure that these products maintain their quality and freshness, making them more desirable to consumers. The versatility of coffee concentrates allows for customization in caffeine intake, catering to varying preferences and consumption habits. Moreover, the rise of e-commerce has facilitated easier access to a wide range of coffee concentrate products. Online shopping provides consumers with the opportunity to explore different brands and flavors without geographical limitations, contributing to increased market penetration.