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Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 23.4%
Expanding disposable incomes, rising coffee consumption, and consumers’ desire for strong coffee flavor in hot and cold beverages and food items such as desserts, are projected to drive the global coffee concentrate market. Consumers are increasingly seeking immunity and health-boosting components in beverages; therefore, fortified coffee concentrates are projected to see increased demand in the coming years. The increasing popularity of ready-to-drink products is also increasing the demand for coffee concentrates in the market. The high paced lifestyles of consumers are shifting the choice of people from traditional coffee to the concentrated form. Additionally, the use of instant coffee in homes and offices is likely to create opportunities for the coffee concentrate market.
Industry Definition and Major Segments
Coffee concentrate is coffee that has been concentrated. Brewing methods vary, but in general, beans are ground and processed through a long extraction process using cold water. Coffee concentrations typically have a higher caffeine content than iced coffee made from freshly brewed coffee. These are usually sweeter and served cold, but most coffee concentrations can also be used to make hot beverages or as a dessert ingredient.
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By variety, the market is segmented into:
Based on type, the market is divided into:
•Cold Brew Coffee Concentrate
• Iced Coffee Concentrate
• Top Roast Coffee Concentrate
• Black Coffee Concentrate
The several distribution channels of the market are:
• Supermarkets and Hypermarkets
• Convenience Stores
On the basis of region, the market is segmented into:
• Middle East and Africa
Increasing urbanization and development in mid-sized cities, the expansion of a number of multinational and foreign retail brands providing consumers with products at ease are some of the factors driving the market for coffee concentrates, iced coffee, cold brew coffee, and many others. The global market for coffee concentrates is supported by a growing population, the emergence of Western culture, and a growing awareness of coffee-based beverages among individuals around the world. In addition, the growing number of hotels, restaurants, cafes, coffee chain outlets, and other food service establishments is driving up the demand for coffee concentrates. Consequently, there has been a rapid expansion of branded coffee chain outlets in developing economies in recent years, which is also driving the market growth.
Key Market Players
The major players in the market include Stumptown Coffee Roasters, Grady’s Cold Brew, Nestle SA, Kohana Coffee, and Slingshot Coffee Co., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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