Coffee Concentrates, Essences And Extracts Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Coffee Concentrates, Essences And Extracts by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Coffee Concentrates, Essences And Extracts, The coffee market size has grown strongly in recent years. It will grow from $64.99 billion in 2023 to $69.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%.  The  growth in the historic period can be attributed to cultural and social importance, globalization and trade, café culture and specialty coffee, changing consumer preferences, economic conditions..

The coffee market size is expected to see strong growth in the next few years. It will grow to $89.15 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%.  The growth in the forecast period can be attributed to health and wellness trends, sustainable and ethical sourcing, premiumization and specialty coffee, e-commerce and online retail, global market expansion.. Major trends in the forecast period include technology in coffee production, coffee in alternative formats, diversity in coffee origins, focus on packaging sustainability, cultural and experiential coffee consumption..

The increasing consumption of coffee is expected to propel the growth of the coffee concentrate, essence, and extract market going forward. Coffee refers to a beverage that is prepared from roasted coffee beans, whereas coffee consumption refers to the amount of caffeine an individual consumes per day. People are preferring coffee due to its various benefits such as it improves mental acuity, freshening the mood of a person, and boosting metabolism, as a result, this increases the demand for coffee concentrate, essence and extract markets. For instance, in November 2022, according to International Coffee Organization (ICD), a UK-based federal agency for coffee, the export of coffee extract in the first two months of 2022/23 increased by 1.6% to 19.56 million bags compared with 19.25 million bags in the same period in 2021/22. Therefore, increasing consumption of coffee drives the coffee concentrate, essence, and extract market.

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The coffee concentrates, essences and extracts market covered in this report is segmented –

1) By Type: Cold Brew Coffee Concentrate, Iced Coffee Concentrate, Top Roast Coffee Concentrate, Black Coffee Concentrate

2) By Variety: Arabica, Robusta

3) By Caffeine Content: Regular, Decaffeinated

4) By Distribuion Channels: Supermarkets And Hypermarkets, Online Store, Convenience Stores

The introduction of innovative products has emerged as a key trend gaining popularity in the coffee concentrate, essence, and extract market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market and companies are paying greater emphasis on product differentiation and product innovation. For instance, in March 2023, Reborn Coffee, a US-based retailer of specialty coffee, launched a line of unique and super-premium cold brew ice creams using coffee extract and concentrates. This new line of products is unique as it uses natural ingredients to provide excellent flavors, with a rich and creamy texture that sets it apart from other ice cream brands.

The coffee concentrates, essences and extracts market report table of contents includes:

 

1. Executive Summary
2. Coffee Concentrates, Essences And Extracts Market Characteristics
3. Coffee Concentrates, Essences And Extracts Market Trends And Strategies
4. Coffee Concentrates, Essences And Extracts Market – Macro Economic Scenario
5. Global Coffee Concentrates, Essences And Extracts Market Size and Growth

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31. Global Coffee Concentrates, Essences And Extracts Market Competitive Benchmarking
32. Global Coffee Concentrates, Essences And Extracts Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Coffee Concentrates, Essences And Extracts Market
34. Coffee Concentrates, Essences And Extracts Market Future Outlook and Potential Analysis
35. Appendix

Top Major Players:

• Starbucks Corporation,
• The J. M. Smucker Company,
• JAB Holding Company,
• Strauss Coffee B.V.,
• Luigi Lavazza S.p.A.,

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