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Coffee Concentrates, Essences And Extracts Market Revenue To Record Phenomenal Growth Rate During 2023-2032: Top Leading Key Players Grady's Cold Brew, PepsiCo, Tata Coffee Limited, Kraft Foods Group Inc., Royal Cup Coffee
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032Coffee Concentrates, Essences And Extracts Market Size, Growth Rate, And Forecast
The global coffee concentrates, essences and extracts market size is expected to grow from $23.29 billion in 2022 to $24.97 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global coffee concentrates, essences and extracts market size is expected to reach $31.01 billion in 2027 at a CAGR of 5.6%.
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Coffee Concentrates, Essences And Extracts Market Drivers
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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Coffee Concentrates, Essences And Extracts Market Segments
• By Type: Cold Brew Coffee Concentrate, Iced Coffee Concentrate, Top Roast Coffee Concentrate, Black Coffee Concentrate
• By Variety: Arabica, Robusta
• By Caffeine Content: Regular, Decaffeinated
• By Distribution Channels: Supermarkets And Hypermarkets, Online Store, Convenience Stores
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the coffee concentrates, essences and extracts market.
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Coffee Concentrates, Essences And Extracts Market Key Players
Major competitors in the coffee concentrates, essences and extracts market are Grady's Cold Brew, PepsiCo, Tata Coffee Limited, Kraft Foods Group Inc., Royal Cup Coffee, Ueshima Coffee Co Ltd, Red Thread Coffee Co., Cristopher Bean Coffee, Nestle SA.
The Business Research Company's "Global Coffee Concentrates, Essences And Extracts Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Coffee Concentrates, Essences And Extracts Market Include:
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. Coffee Concentrates, Essences And Extracts Market Size And Growth
………………
27. Coffee Concentrates, Essences And Extracts Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coffee Concentrates, Essences And Extracts Market
29. Coffee Concentrates, Essences And Extracts Market Future Outlook and Potential Analysis
30. Appendix
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