What are the Historical Developments and Current Growth Metrics of the Coffee Market?
The coffee market has seen considerable growth due to a variety of factors.
• The size of the coffee market has seen substantial growth in the past few years. The market, valued at $69.06 billion in 2024, is projected to reach $73.98 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Factors contributing to this growth during the historic period include evolving consumer tastes, the convenience of coffee 'on the go', increased demand for artisanal and craft coffee products, as well as globalization and trade.
What Is The Projected Growth Of The Coffee Market?
The Coffee market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the coffee market is predicted to significantly expand in the coming years, eventually reaching a value of $96.48 billion in 2029, and growing at a compound annual growth rate (CAGR) of 6.9%.
This growth during the forecast period is due to attributes like health and wellness fads, the elevation of coffee standards, the importance of sustainable and ethical sourcing, the rise of e-commerce and online retail, and the popularity of functional and specialty coffees. Key trends in the future include a focus on personalization and do-it-yourself approaches, partnerships and exclusive product releases, priority on health and wellness, innovations in convenient packaging, and a worldwide interest in exploring coffee origins.
What Are The Key Drivers Fueling Growth In The Coffee Market?
The continuous rise in coffee consumption is anticipated to boost the coffee concentrate, essence, and extract market. Coffee is a beverage brewed from roasted coffee beans and consumption of coffee refers to the daily intake of caffeine by an individual. Multiple benefits of drinking coffee such as enhancement of mental sharpness, mood uplifting, and metabolism activation are making it a preferred choice among people. Consequently, this preference is escalating the demand in the market for coffee concentrate, essence, and extract. For example, in November 2022, the UK-based International Coffee Organization (ICD) reported that coffee extract exports in the first two months of 2022/23 witnessed a growth of 1.6%, reaching 19.56 million bags from 19.25 million bags during the same period in 2021/22. Hence, the expanding coffee consumption propels the coffee concentrate, essence, and extract market.
What Are The Principal Market Segments In The Global Coffee Industry?
The coffee 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 Distribution Channels: Super markets And Hyper markets, Online Store, Convenience Stores
Subsegments:
1) By Cold Brew Coffee Concentrate: Ready-To-Drink Cold Brew, Cold Brew Coffee Pods, Liquid Cold Brew Concentrates
2) By Iced Coffee Concentrate: Liquid Iced Coffee Concentrate, Powdered Iced Coffee Mixes, Flavored Iced Coffee Concentrates
3) By Top Roast Coffee Concentrate: Single-Origin Top Roast Concentrates, Blended Top Roast Concentrates, Flavored Top Roast Extracts
4) By Black Coffee Concentrate: Ready-To-Drink Black Coffee, Liquid Black Coffee Extracts, Instant Black Coffee Concentrates
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Which Emerging Market Trends Are Altering The Coffee Industry?
The evolution of novel products is proving to be a prominent trend in the coffee concentrate, essence, and extract market. Main market participants are focusing on developing innovative products to consolidate their market presence. More emphasis is being placed on product distinctiveness and innovation by these businesses. For example, Reborn Coffee, a specialty coffee retailer based in the US, launched a uniquely superior line of cold brew ice creams in March 2023 using coffee extract and concentrates. These products are unparalleled as they utilize natural elements to deliver phenomenal tastes and a velvety smooth texture that distinguishes them from competing ice cream brands.
Who Are the Key Players In The Coffee Market?
Major companies operating in the coffee market include:
• Grady's Cold Brew LLC
• PepsiCo Inc.
• Tata Coffee Limited
• Royal Cup Inc.
• Ueshima Coffee Co. Ltd.
• Red Thread Coffee Co.
• Christopher Bean Coffee
• Nestle SA
• Slingshot Coffee Co.
• Synergy Flavors Inc.
• Artemis Brew LTD.
• Monin Incorporated
• S&D Coffee Inc.
• Aspen Beverage Group
• The J.M. Smucker Company
• Illycaffe SpA
• The Coca-Cola Company
• Tate & Lyle PLC
• Jacobs Douwe Egberts BV
• Folgers Coffee Company
• Sensient Technologies Corporation
• Cafe de Colombia
• Keurig Dr Pepper Inc.
• Tchibo GmbH
• Strauss Group Ltd.
• Massimo Zanetti Beverage Group S.p.A.
• The Kraft Heinz Company
• Segafredo Zanetti S.p.A.
• UCC Holdings Co. Ltd.
What Are The Regional Insights Into The Coffee Market?
North America was the largest region in the coffee concentrates, essences, and extracts market in 2024. The regions covered in the coffee concentrates, essences and extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
