The global green coffee bean extract market is expected to hold a value worth USD 281.2 million in 2023. The value is expected to reach USD 417.0 million and exhibit a CAGR of 4.0% from 2023 to 2033. The growth of the market can be attributed to the growing demand for plant-based dietary supplements. From 2018 to 2022, the market displayed a CAGR of 2.1%.
| Data Points | Key Statistics |
|---|---|
| Green Coffee Bean Extract Market Growth Rate (2018 to 2022) | 2.1% CAGR |
| Projected Growth Rate (2023 to 2033) | 4.0% CAGR |
| Expected Market Value (2023) | USD 281.2 million |
| Anticipated Forecast Value (2033) | USD 417.0 million |
Increasing awareness about the importance of health is expected to drive market growth during the forecast period. The benefits of green coffee are likely to significantly augment the market size. It promotes weight loss, regulates blood sugar, controls blood sugar, and acts as a detoxifier. Such factors are anticipated to support market growth in the forecast period.
Advancements going in the sector are projected to offer significant opportunities to the market. For instance, in May 2022, Schaumburg, Illinois-based firm Café Holdings, Inc. announced the launch of Blockchain technology designed specifically for the green coffee industry.
Café Holdings said the green coffee blockchain platform will be maintained through a partnership with Iron Sigh Industries, Inc., an Oregon-based CBD/CBG production and supply company that also offers agriculture tech services.
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Growing Health Awareness Among the Consumers to Drive the Market Growth
The increasing popularity of nutraceuticals and dietary supplements is expected to benefit the market during the forecast period. The changing lifestyle has increased health conditions such as diabetes, obesity, and cardiovascular disorders. Such conditions are expected to encourage people to the consumption of healthy diets such as green coffee.
Green Coffee bean extracts are being used in nutraceuticals in the form of liquid and powder. Players in the market are taking initiatives to launch green powder extracts. For instance 2017, Taiyo International Inc. launched a green coffee powder that boosts mental focus.
The growing trend of healthy coffee varieties is fuelling the market notably. Healthy coffee options are gaining traction among millenials as it is perceived as a finer quality and high-value product. Renowned coffee manufacturers like Olam and Starbucks are making various efforts to strengthen their position in the market, which will benefit the industry in the forecast period.
For instance, in 2020, Starbucks announced its goals to achieve carbon-neutral green coffee and conserve water usage in green coffee processing by 50% by 2030. Such bold actions will benefit the environment and expand the market size in the forthcoming period.
High Prices May Impede the Growth of the Market
High prices associated with coffee are expected to restrain the market growth during the forecast period. As per International Coffee Organization (ICO), in September 2021, Coffee prices reached new record highs. The cost of production has been increasing in various coffee-producing countries, says International Coffee Organization. This is anticipated to impact the market growth significantly in the forthcoming period.
Increasing disposable income in developing regions such as Asia-Pacific is expected to counter the hampering factors and act as a significant opportunity for market growth. Also, the growing popularity of coffee varieties from Kenya, Ethiopia, Colombia, and Guatemala in the European and North American regions is projected to augment the market size. Thus, the market is likely to expand notably in the coming time.
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Increasing Demand for Plant-Based Nutrition to Boost the Market Growth in the Region
As per the analysis, North America is expected to dominate the global green coffee bean extract market during the forecast period. As of 2022, the region is expected to claim about 33.5% of the total global revenue. The domination of the region can be attributed to the growing demand for nutraceuticals and plant-based dietary supplements.
Players in the market are launching various varieties of green coffee, which is likely to benefit the industry in the forecast period. For instance, in March 2022, Peet’s Coffee introduced its Spring 2022 coffee bar offerings dedicated to vegan and dairy-free items.
In another occurrence, in 2022, Chobani introduced a line of plant-based coffee creamers formulated with cane sugar, medium-chain triglycerides oil from coconut, and sunflower oil. Attributed to such factors, the market in North America is projected to expand significantly during the forecast period.
High Export of Green Coffee in the Region to Drive the Market Growth
As per the analysis, Europe is anticipated to be the second-largest market during the assessment period. In 2022, the region is likely to secure 28.4% of the total global revenue.
As per the Center for the Promotion of Imports EU, Germany, Italy, and Belgium stand out as the most lucrative markets for green coffee exporters. Other attractive markets include Spain, France, and the United Kingdom. In 2020, Germany imported more than 1.1 million tons of green coffee.
Examples of some large-scale coffee roasters in Germany include Tchibo and Melitta. Such factors are projected to assist the European green coffee bean extract market expansion during the forecast period.
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The presence of leading market players in the region provides an opportunity for the growth of the market in the region
As per the analysis, Asia Pacific is projected to be a key market during the forecast period. The regional market expansion can be attributed to the increasing disposable income among developing countries such as India, China, and Japan.
Increasing launches of green coffee by players are projected to augment the market size in the forthcoming time. For instance, in 2019, Marico launched a range of super beverages as part of the Saffola Fittify Gourmet offers. The new addition comprises Superfood Moringa Greem Tea and Green Coffee Instant Beverage Mix.
Further, in November 2021, Japan’s first Green Store was opened at Kokyo Gaien Wadakura Fountain Park. Attributed to such factors, the Asia-Pacific green Coffee extract market is projected to flourish significantly during the forecast period.
The Green Coffee, Blue Tokai, Sleepy Owl, Rage Coffee, Beanly, Country Bean, SLAY Coffee, Bili Hu, and The Brew Tribe at T-Hub are some of the emerging entities in the global green Coffee extract market.
Start-ups are projected to make a significant contribution to developing the global green Coffee bean extract market.
Key global green coffee bean extract market players include Alchem International Pvt. Ltd., Nature Wise, Naturex, Nature's Way Products, LLC. MKC Food Products, Tru Body Wellness, Abc International, and Absolute Nutrition.
The market is highly competitive due to the presence of such a large number of participants. While global players such as Alchem International Pvt. Ltd., Nature Wise, Naturex, and Nature's Way Products, LLC. account for considerable market size, several regional-level players are also operating across key growth regions, particularly in the Asia Pacific.
Key Developments in the Industry Include:
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.0% from 2023 to 2033 |
| Expected Market Value (2023) | USD 281.2 million |
| Anticipated Forecast Value (2033) | USD 417.0 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Form, Application, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Japan; Middle East and Africa |
| Key Countries Profiled | United States of America, Canada, Mexico, Brazil, Germany, Italy, France, United Kingdom, Spain, China, Japan, South Korea, Malesia, Singapore, Australia, GCC Countries, Southern Africa, Israel |
| Key Companies Profiled | Alchem International Pvt. Ltd.; Nature Wise; Naturex; Nature's Way Products, LLC.; MKC Food Products; Tru Body Wellness; Abc International; Absolute Nutrition |
| Customization | Available Upon Request |
Green coffee bean extract sales worldwide may create USD 281.2 million market in 2023.
The global market is expected to rise at 4% CAGR through 2033.
North America accounted for almost 33.5% of the global market in 2022.
Increasing disposable income in this region might drive the regional market at a faster rate.
High cost of production is the prominent restraint for higher sales.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 5.1. Powdered 5.2. Liquid 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Beverages 6.2. Dietary Supplements 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 7.1. Drug Stores 7.2. Specialty Stores 7.3. Supermarket 7.4. Hypermarket 7.5. Convenience Stores 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Alchem International Pvt. Ltd. 18.2. Nature Wise 18.3. Naturex 18.4. Nature's Way Products, LLC. 18.5. MKC Food Products 18.6. Tru Body Wellness 18.7. Abc International 18.8. Absolute Nutrition 18.9. Alpspure Lifesciences Pvt. Ltd. 18.10. Botanic Healthcare 19. Assumptions & Acronyms Used 20. Research Methodology
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Green Coffee Bean Extract Market
