Green Coffee Bean Extract Market is segmented into drug stores, speciality stores, supermarket/hyper market, convenience stores
Over the forecast period 2017-2027, the global market for green coffee bean extract is expected to see rapid growth, attributed to an increasing trend among key market companies to reformulate food and beverages in order to offer taste as well as health benefits – functional or fortified foods and beverages. Growing popularity of on-the-go lifestyle and increasing adoption of dietary supplements by a considerable consumer base will collectively push the market up in near future.
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The global green coffee bean extract market is segmented according to form, application, distribution channel, and geographical region. On the basis of form, there are two segments viz. liquid and powdered among which powdered green coffee bean extract segment is likely to maintain a larger market value share than liquid green coffee bean extract. Based on application, dietary supplements will represent a key segment with a higher CAGR value than that of beverages and others segments. In terms of distribution channel, the global market for green coffee bean extract generates revenue through various channels, including specialty stores, drug stores, convenience stores, supermarkets/hypermarkets, and others. The others segment includes mass merchandisers, direct sellers, and similar ones.
Geographically, the global green coffee bean extract market is segmented in to North America, Western Europe, Eastern Europe, Latin America, Asia Pacific (excluding Japan), Japan, and Middle East and Africa.
Among these regional markets, North America is anticipated to retain a larger share in terms of value, owing to substantial consumption by the US-based consumers. The second largest market will possibly be Western Europe, followed by APEJ. However, APEJ is projected to be the fastest growing regional market for green coffee bean extract, as Asian population is increasingly inclining towards weight loss therapies and dietary supplements. Emerging markets such as China and India will witness attractive opportunities and empower their market presence to eventually amplify the revenue base.
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The global green coffee bean extract market is operated by a number of companies, including Nature Wise, Naturex, Tru Body Wellness, Nature’s Way Products, LLC., Abc International, MKC Food Products, Absolute Nutrition, and Alchem International Pvt Ltd.
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