Global Coffee Concentrates Market Size, Share, Growth Analysis, By Variety, By Caffein, By Product - Industry Forecast 2024-2031

Global Coffee Concentrates Market size was valued at USD 1.35 billion in 2022 and is poised to grow from USD 1.40 billion in 2023 to USD 1.84 billion by 2031, at a CAGR of 3.5% during the forecast period (2024-2031).

A concentrated version of brewed coffee with a high soluble solids ratio is called coffee concentrate. The end product of this technique is a liquid coffee of superior quality. One kind of beverage that can be taken straight or combined with other liquids, such milk, is coffee concentrate. The variously flavored coffee concentrate is made using different coffee flavors. Ground coffee is soaked in water for an extended amount of time to create coffee concentrations. As a result, the coffee is extremely concentrated. Because concentrated coffee is easier to swallow, people with fast-paced lifestyles are choosing concentrated coffee over ordinary coffee. Additionally, the growing number of people in the workforce has contributed to the market's expansion. The OECD reports that the proportion of people in the working age population rose to 68.9% in 2019-a sign of rising demand for RTD beverages. As the name implies, single origin coffee concentrates are obtained only from a single area as opposed to being mixed or combined with components from many sources. These coffee products have a distinct flavor profile that is typical of the area they come from. This is primarily the cause for their immense global popularity.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Coffee Concentrates Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Coffee Concentrates Market Segmental Analysis

The coffee concentrates market is segmented on the basis of by Variety, By caffeine content, by By product type. by distribution channel, and by region. Whereas, by variety is sub segmented into the Arabica and Robusta. By caffeine content is segmented into the regular and Decaffeinated. By product type is segmented into the top roast coffee concentrate, cold brew coffee concentrate, iced coffee concentrate, black coffee concentrate. The distribution channel is segmented into the supermarket/hypermarket , speciality stores, convenience stores, online retail. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Coffee Concentrates Market

Coffee concentrations are ready-to-drink coffee varieties that can be enhanced in flavor by blending them with milk or water and sugar. Because urban customers have a fast-paced and changing lifestyle, there is a growing desire among working people for quick and ready-to-drink drinks. This need is thought to be one of the primary factors influencing the market for coffee components.

Restraints in the Global Coffee Concentrates Market

Although both coffee and tea contain caffeine, coffee is typically preferred above tea in North America and Europe. In other regions of the world, tea is more popular, though. The market expansion of tea is being impeded by the growing use of tea as a coffee substitute.

Market Trends of the Global Coffee Concentrates Market

Customers are becoming more conscious of where their purchases are coming from and how the things they are purchasing are manufactured. To guarantee quality and consistency, it's critical to adhere to a standardized supply chain for food and beverage items, including coffee. To assure the legitimacy of their coffee purchases, consumers are very interested in certified coffee goods. Consumers' increased concern over environmental degradation, social injustice, and poverty has resulted in a market for "certified" and "sustainability" products and labels in the food and beverage industry.