Coffee Concentrate Market Is Projected To Grow At A CAGR Of 7.4% During 2023 To 2033

The coffee concentrates market is now estimated at US$ 2,260.0 million in 2023, with worldwide revenue expected to reach US$ 4,625.0 million by 2033, with a 7.4% growth rate anticipated from 2023 to 2033.

With a focus on increasing consumer demand and happiness, the beverage sector has undergone tremendous upheaval from what was first viewed as a source of relaxation and enjoyment. Because of rising coffee consumption worldwide, the variety of tempting caffeine content and tastes is continually expanding.

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Coffee concentrations are a versatile commodity that may be used to make a variety of coffee drinks in restaurants, cafés, workplaces, and at home. Ready-to-drink (RTD) drinks have developed exponentially in the beverage industry during the last decade.

RTD drinks containing coffee extracts are becoming popular among the younger generations as their preferred beverage. Trends in versatility and simplicity of consumption present profitable potential for coffee concentrate makers.
Many RTD coffee concentrate beverages are available in the market on various online sales channels, providing consumers with a range of beverage options to ingest. As a result, the expanding work-rich and time-poor population is indirectly boosting the need for easy-to-consume RTD drinking products.

Competitive Landscape:
To attract clients, businesses focus on providing high-quality coffee concentrates with distinctive tastes. To improve the flavor, they employ quality coffee beans or specific extraction procedures. Starbucks, for example, sells its Starbucks VIA Instant Coffee brand, which comes in a variety of taste profiles and is noted for its consistent quality.
In a newly published analysis, Fact.MR provides thorough information on the pricing points of significant makers of coffee concentrates positioned across geographies, sales growth, production capacity, and speculative technical advancement.

Key Players:
• All American Coffee LLC
• Javo Beverage Company, Inc.
• Javy Coffee Company
• Jot Labs Inc
• Mode Cold Brew Coffee
• Nestlé S.A.
• Starbucks Corporation
• Virginia Dare Extracts Co.

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Regional Analysis:

The increasing production and consumption of coffee in India is driving the Indian coffee concentrate industry.

According to the Food and Agriculture Organization (FAO), India is the sixth largest coffee exporter by volume. Over 70% of the country's coffee production is exported. Coffee exports are expected to climb 42% to $1.04 billion in 2021-22, indicating a rising worldwide market for Indian coffee goods.
As the export market expands, so are the prospects for coffee concentrate makers to expand their operations and meet worldwide demand.

Furthermore, coffee consumption in India reached 1,235 thousand 60-kilogram bags in 2022/2023, a rise from the previous year.
This increase in coffee consumption shows an increase in coffee demand among the Indian populace. Demand for coffee-based goods, particularly coffee concentrates, is expected to rise as more individuals develop a taste for it and incorporate it into their daily routines.
Key Segments of Industry:

• By Bean Type :
o Robusta
o Excelsa
o Liberica
o Arabica
• By Brew Type :
o Cold
o Drip
o French Press
o Espresso
o Pour Over
• By Caffeine Content :
o Regular
o Half Decaf
o Decaf
• By Buyer Type :
o Individual
o Commercial
o Institutional
• By Roast Type :
o Dark
o Medium
o Light
• By Distribution Channel :
o B2B
o B2C
 Offline
 Modern Trade
 Convenience Stores
 Specialty Stores
 Other Offline Stores
 Online
 Company Websites
 E-Commerce Platforms

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This release was published on openPR.