According to the report by Expert Market Research (EMR), the global coffee concentrate market size is projected to grow at a CAGR of 23.4% between 2024 and 2032. Aided by the growing popularity of specialty coffee beverages, the market is expected to grow significantly by 2032.
Coffee concentrate, a potent extraction of coffee beans, has become increasingly popular for its versatility and convenience. It serves as a quick and easy foundation for various coffee beverages, from iced coffees to culinary applications. The coffee concentrate market growth is propelled by several factors, including the rising popularity of coffee culture, the convenience of use, and the evolving consumer preference towards specialty coffee products.
There’s been a noticeable shift in consumer preferences towards specialty coffee drinks. Coffee concentrates offer a unique flavour profile and strength, making them ideal for crafting artisanal beverages. This trend is particularly strong among millennials and Gen Z consumers, who often seek novel and gourmet coffee experiences.
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According to the coffee concentrate market analysis, the popularity of this product is further buoyed by its convenience. It allows both home consumers and commercial entities like cafes and restaurants to prepare high-quality coffee drinks quickly and efficiently, without the need for extensive brewing setups.
Beyond beverages, coffee concentrate is increasingly being used as an ingredient in culinary preparations. It adds a rich coffee flavour to desserts, sauces, and even meat marinades, creating new culinary possibilities and expanding its market reach.
The North American region currently accounts for a significant portion of the coffee concentrate market share, thanks in part to the established coffee culture in countries like the United States and Canada. However, the Asia Pacific region is expected to exhibit significant growth over the forecast period, driven by the increasing adoption of Western food and beverage habits and the growing middle-class population in countries like China and India.
Innovation in flavour profiles, packaging, and marketing strategies is a key factor in staying competitive in this market. Companies are increasingly focusing on sustainable sourcing and production methods to appeal to environmentally conscious consumers.
Coffee Concentrate Market Segmentation
The market can be divided based on variety, type, distribution channel, and region.
Market Breakup by Variety
- Arabica
- Robusta
Market Breakup by Type
- Cold Brew Coffee Concentrate
- Iced Coffee Concentrate
- Top Roast Coffee Concentrate
- Black Coffee Concentrate
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Online Store
- Convenience Stores
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Coffee Concentrate Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global coffee concentrate market. Some of the major players explored in the report by Expert Market Research are as follows:
- Stumptown Coffee Roasters
- Grady’s Cold Brew
- Nestle S.A.
- Kohana Coffee
- Slingshot Coffee Co.
- Others
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