The global Coffee Extract market is expected to reach a market valuation of US$ 1,450 million by 2023, recording a CAGR of 4.1% from 2023 to 2033.
Coffee extracts are substances that have been taken from coffee beans, such as flavor, oils, or caffeine. Coffee extracts are created by a process known as coffee extraction, which entails dissolving coffee's soluble flavors in water. Coffee extract producers use their own extraction methods, which vary from business to business, to create distinctive and tasty coffee extracts. More useful elements are present in coffee extracts made from green coffee beans. These extracts have chlorogenic acid, an antioxidant that is beneficial to human health. Green coffee bean extract has less caffeine than roasted coffee bean extract.
| Attribute | Details |
|---|---|
| Coffee Extract Market Size (2023E) | US$ 1,450 million |
| Coffee Extract Market Projected Size (2033F) | US$ 2,167 million |
| Value CAGR (2023 to 2033) | 4.1% |
| Top 3 Countries Marketing Share | 74.2% |
By decreasing the absorption of carbs, these coffee extracts help control weight growth. They also help burn body fat and glycogen reserves. Pregnant women and others taking medication shouldn't take any kind of green coffee extract. Green coffee bean extracts also can't be drunk like regular coffee. These two become significant market restraints for coffee extract.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Coffee Extract.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 3.6% |
| Jul-Dec (H2), 2021 (A) | 3.2% |
| Jan-Jun (H1),2022 Projected (P) | 3.6% |
| Jan-Jun (H1),2022 Outlook (O) | 3.1% |
| Jul-Dec (H2), 2022 Projected (P) | 3.2% |
| Jul-Dec (H2), 2022 Outlook (O) | 3.5% |
| Jan-Jun (H1), 2023 Projected (P) | 3.3% |
Coffee bean extract is being employed more frequently in the manufacture of numerous items used in weight loss schemes. Vendors operating in the worldwide coffee bean extract market are seeing development prospects due to increasing awareness of the value of health. Aside from this, rising awareness of obesity and disorders associated with it is anticipated to drive market expansion in the next year. The trend of using nutritional supplements is increasing as a result of the hectic lifestyles of the majority of people worldwide.
This element is fostering the expansion of the world market for green coffee bean extract. Putting this aside, the market growth will be boosted in the coming years by the expanding usage of coffee bean extract in the manufacture of various pharmaceutical items.
Principal Consultant
Due to the convenience of ingestion and customers' fast-paced lifestyles, coffee extracts have become more popular. Also, the increase in the working population has contributed to the market's expansion. The working-age population rose to 68.9% in 2019, which shows an increase in demand for RTD beverages.
One of the main factors influencing the coffee extracts industry is the rise in millennials' need for quick-to-drink products. One of the most consumed beverages is coffee, and the availability of artisanal and premium varieties in coffee concentrates has caught the interest of customers. Also, the convenience of formulation provided by the coffee extracts has contributed to the expansion of its global market.
In the aftermath of the epidemic, consumer spending patterns are steadily changing throughout North America. Top coffee extract brands and merchants place a strong emphasis on diversifying their customer base. The research offers information on the state of the North American coffee extract industry as well as 10-year category tracking and projections for several market segments in order to boost market share and profit growth. The market size and predictions for coffee extract in the USA, Canada, and Mexico are also given, along with market growth expectations for each of these countries through 2030.
Due to rising obesity rates and rising consumer awareness of health issues, Asia Pacific is expected to experience growth at a significantly higher CAGR. In terms of revenue share, the Asia Pacific region dominated the global market in 2021. The area is anticipated to increase significantly over the course of the projection period as a result of growing product demand from nations like China, India, and Japan. In addition, rising consumer health consciousness is predicted to propel business growth over the next few years.
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The flavor of the coffee extracts is superior to that of the ground coffee. Also, compared to regular coffee, the flavors and taste of the coffee extracts last longer. As a result, the HORECA sector favors coffee extracts rather than ground coffee. Sales in the coffee extract market have increased as a result of producers of bread items also showing a preference for coffee extracts. Customers have exhibited a preference for buying coffee extracts over ground coffee due to their health benefits. This has a significant positive impact on the market for coffee extracts.
The popularity of green coffee bean extract is growing as a result of its alleged health advantages. These extracts are now frequently employed in the nutraceutical industry to create functional foods and dietary supplements that promote weight loss as well as general physical wellness. Consumers' growing awareness of the need of eating well is projected to promote market expansion. The usage of coffee extracts in skincare products is becoming more popular due to their versatility and distinctive flavors. Due to its antioxidant properties, you can avoid dangerous infections. The pharmaceutical and beauty industries are very interested in the market for coffee extracts because of these qualities.
The coffee Extract market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | End Use, Nature, Product, Formulation, and Region |
| Key Companies Profiled |
McCormick; Savory Spice; J. R. Watkins; NatureWise; Sports Research; Lumen; Huntington; SVETOL; Health Plus; Lumen |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Coffee Extract Market is valued at US$ 1,450 million for 2023.
The Coffee Extract Market valuation is expected to be US$ 2,167 million in the year 2023.
The value of CAGR for the Coffee Extract Market is estimated to be 4.1%.
The food and beverage segment would garner a significant market value share by 2023.
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