Global Coffee Concentrates Market Overview
Coffee Concentrates Market Size was valued at USD 1.7 billion in 2023. The Coffee Concentrates industry is projected to grow from USD 1.76 Billion in 2024 to USD 2.37 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.80% during the forecast period (2024 - 2032). A rise in the demand for ready-to-drink products and a preference shift for concentrated coffee over regular coffee are the key market drivers boosting the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Coffee Concentrates Market Trends
- Growing consumption of coffee among the population is driving the market growth
The ready-to-drink market is expanding, and the coffee business is one of the main market drivers for coffee concentrate. One of the most consumed beverages worldwide is coffee. The demand for coffee concentrates is rising as ready-to-drink products gain popularity. Consumers are choosing condensed coffee over conventional coffee due to their fast-paced lifestyles. The market for coffee concentrates is projected to benefit from the use of instant coffee in households and workplaces. The number of cafes opening in developing nations has boosted the market for coffee concentrates. Due to the growth of the food and beverage industry and the accessibility of consumer goods, there are now more options for instant drinks, increasing the demand for coffee concentrates. Coffee concentrate producers have plenty of room to target the millennial generation owing to the growth of the retail food industry and the range of coffee options—the quickly developing internet distribution channels for coffee concentrate items. Growing online coffee purchasing is anticipated to boost the market CAGR during the forecast period.
The expanding millennial population of today has adopted coffee's allure as a habit or, in some cases, an addiction. The market for coffee concentrates, iced coffee, cold brew coffee, and other products is driven by rising urbanization and development in mid-sized cities, the growth of several multinational and foreign retail brands, and supplying customers with products they can easily access. The expanding population is also supporting the demand for coffee concentrates, the emergence of Western culture, and the growing knowledge of coffee-based beverages worldwide. Consumers are spending more money on eating and drinking outside the home. The need for coffee concentrates in the food service sector is also growing due to the rise in hotels, restaurants, cafés, coffee chain outlets, and other establishments. As a result, branded coffee chain outlets have rapidly increased in number in developing nations in recent years. Thus, the growing demand for coffee is driving the Coffee Concentrates market revenue.
Coffee Concentrates Market Segment Insights
Coffee Concentrates Variety Insights
Based on Variety, the Coffee Concentrates Market segmentation includes Arabica and Robusta. The arabica segment dominated the market, accounting for 55%-60% of market revenue. Due to its silky texture and sweet flavor, Arabica is thought to be better than robusta. When contrasted to Arabica, robusta coffee is bare and harsh.
Coffee Concentrates Caffeine Content Insights
Based on Caffeine Content, the Coffee Concentrates Market segmentation includes Regular and Decaffeinated. The regular category generated the most income (70.5%). Due to its advantages over decaffeinated coffee, such as bettering mental and metabolic health, regular coffee retains a significant market share. The effectiveness of regular coffee in reducing the risk of liver damage makes it the recommended option.
Figure 1: Coffee Concentrates Market, by Caffeine Content, 2024 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Coffee Concentrates Product Type Insights
The Coffee Concentrates Market segmentation, based on Product Type, includes Top Roast Coffee Concentrate, Cold Brew Coffee Concentrate, Iced Coffee Concentrate, and Black Coffee Concentrate. The top roast coffee concentrate category generated the most revenue in 2022. Owing to its simplicity of consumption and the fast-paced lifestyles of customers, concentrated coffee has become more popular than conventional coffee.
Coffee Concentrates Distribution Channel Insights
The Coffee Concentrates Market segmentation, based on Distribution Channel includes Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail. The online retail segment dominated the market in 2022. The expansion of online sales channels is assisting market participants in reaching their target audiences. The world's rapidly expanding urbanization requires a range of food goods, which drives demand for the worldwide coffee concentrate market.
Coffee Concentrates Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and Rest of the World. The North American Coffee Concentrates market area will dominate this market in 2022. The majority of the world's supply of coffee concentrate is produced and distributed in the United States, a global leader in this industry. Numerous elements contribute to this domination, including ideal growing conditions, an abundance of resources for production, and a sophisticated infrastructure in place to enable effective distribution.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: COFFEE CONCENTRATES MARKET SHARE BY REGION 2024 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe’s Coffee Concentrates market accounted for the second-largest market share in 2022. European companies are introducing a new line of coffee concentrates, and the corporation is also helping the coffee-growing regions by supporting their social, economic, and environmental activities. Further, the German Coffee Concentrates market held the largest market share, and the UK Coffee Concentrates market was the fastest-growing market in the European region
The Asia-Pacific Coffee Concentrates Market is expected to grow at the fastest CAGR from 2023 to 2032. In the beverage sector, coffee concentrates are a product that is becoming more and more popular. Coffee concentrates provide a simple option for people who want to consume less sugar and have more flavor in their beverages. Recently, China, India, and Japan have emerged as significant players in this market and are quickly emerging as important global suppliers of coffee concentrate. Moreover, China’s Coffee Concentrates market held the largest market share, and the Indian Coffee Concentrates market was the fastest-growing market in the Asia-Pacific region.
Coffee Concentrates Key Market Players & Competitive Insights
Leading market players in this sector are competing more fiercely due to its growing popularity. Players are also undertaking strategic activities to expand their global footprint, with important market developments, including partnerships and alliances with local food and beverage firms. The Coffee Concentrates industry must offer lower-cost coffee to expand and survive in a more competitive market.
Businesses emphasize product innovation and differentiation as consumers switch from multi-serve to single-serve or single-origin coffee products in the global Coffee Concentrates industry. Major players in the Coffee Concentrates market include Nestlé SA, PepsiCo, Inc., Kraft Foods Group, S&D Coffee Inc., Aspen Beverage Group, LLC, Christopher Bean Coffee Company, Ueshima Coffee Co. Ltd., Death Wish Coffee Company LLC, and Kohana Coffee.
Nestle SA is a manufacturer and distributor of culinary and beverage products. The company's product line includes infant foods, bottled water, cereals, chocolates and candies, coffee, plant-based foods, culinary products, chilled and frozen foods, nutritional products, dairy products, ice cream, and pet care items. Nestle sells its products under the brand names Aero, Milkybar, Purina Alpo, Nestle Ice Cream, Cerelac, Nido, Perrier, Nescafe, Nespresso, S.Pellegrino, Acqua Panna, Cailler, Movenpick, Nestea, Milo, Maggi, Buitoni, Purina, Boost, Gerber, and Kit Kat. Asia, Oceania, Europe, the Americas, the Middle East, and Africa are all regions where the corporation conducts business. The headquarters of Nestle is in Vevey, Waadt, Switzerland.
The Kraft Foods Group, Inc. manufactures and sells food and beverage products, such as ready-to-eat meals, refreshments, beverages, coffee, cheese, and other grocery items. The Canada segment includes brands such as Kraft peanut butter and Nabob coffee and a variety of products with brand names similar to those sold in the United States. The Kraft Foods Group was founded in 1980 in Northfield, Illinois. Kraft Heinz engaged in a multi-year agreement with IHOP in February 2023 to distribute the restaurant chain's branded coffee in bags and K-Cups. CEO Miguel Patricio declared the launch during the company's earnings presentation. This launch will increase the number of consumer-available food service-branded coffees.
Key Companies in the Coffee Concentrates market include
- Nestlé SA
- PepsiCo, Inc.
- Kraft Foods Group
- S&D Coffee Inc.
- Aspen Beverage Group, LLC
- Christopher Bean Coffee Company
- Ueshima Coffee Co. Ltd.
- Death Wish Coffee Company LLC
- Kohana Coffee
Coffee Concentrates Industry Developments
May 2019: A single-origin Cold Brew Concentrate was introduced by UK craft coffee roaster Union Hand-Roasted Coffee to make it simpler for cafes, catering, pubs, and bars to make iced drinks, from iced lattes to nitro cold brew.
March 2023: Reborn Coffee, Inc., a specialty coffee retailer, forayed into the frozen section with its new line of ice cream that is inspired by coffee. Clean ingredients, including milk, cream, cane sugar, and natural flavors, make Reborn's Super-Premium ice cream, which is also infused with the brand's cold-brew coffee concentrate.
January 2023: Cason Crane, a mountaineer, and former Bain & Company consultant, launched the Brooklyn-based coffee concentrate business Explorer. Explorer will expand its distribution relationship with Delta Air Lines and enter the retail market.
Coffee Concentrates Market Segmentation
Coffee Concentrates Variety Outlook
Coffee Concentrates Caffeine Content Outlook
Coffee Concentrates Product Type Outlook
- Top Roast Coffee Concentrate
- Cold Brew Coffee Concentrate
- Iced Coffee Concentrate
- Black Coffee Concentrate
Coffee Concentrates Distribution Channel Outlook
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Online Retail
Coffee Concentrates Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 1.7 billion |
| Market Size 2024 |
USD 1.76 billion |
| Market Size 2032 |
USD 2.37 billion |
| Compound Annual Growth Rate (CAGR) |
3.80% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019- 2023 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Variety, Caffeine Content, Product Type, Distribution Channel, and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Nestlé SA, PepsiCo, Inc., Kraft Foods Group, S&D Coffee Inc., Aspen Beverage Group, LLC, Christopher Bean Coffee Company, Ueshima Coffee Co. Ltd., Death Wish Coffee Company LLC, and Kohana Coffee |
| Key Market Opportunities |
Growing working population |
| Key Market Dynamics |
Rising demand for coffee Growing product innovations |
Coffee Concentrates Market Highlights:
Frequently Asked Questions (FAQ) :
The Coffee Concentrates Market size was valued at USD 1.7 Billion in 2023.
The global market is projected to grow at a CAGR of 3.80% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are General Mills Inc., Amway, Conagra Brands Inc., Cargill Incorporated, Abbott Laboratories, Kraft Foods Group Inc., and The Coca-Cola Company.
The arabica Coffee Concentrates category dominated the market in 2023.
The regular had the largest share in the global market.
