Global Coffee Concentrate Market Report and Forecast 2024-2032

Global Coffee Concentrate Market Outlook

The global coffee concentrate market is expected to grow at a CAGR of 23.4% during the period 2024-2032. Drinking coffee is a part of several people’s routines; thus, coffee consumption is expected to remain strong during the forecast period. Available variety in the coffee market would most likely cater to consumers’ diverse tastes and preferences. Products made of organic and ethically sourced coffee beans are expected to be in greater demand and drive market growth. North America, Europe and Asia are expected to be key markets.

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Global Market Likely to be Driven by Rising Disposable Incomes and Coffee Consumption

The global market is expected to be driven by rising disposable incomes (resulting in a greater number of consumers trading up to premium coffee products), increasing coffee consumption and consumers’ desire for rich coffee taste in hot and cold beverages and food items such as desserts. Fortified coffee concentrates are expected to witness greater demand as consumers increasingly seek immunity and health boosting ingredients in beverages.

Coffee concentrate is simply put, concentrated coffee. Methods of brewing vary; however, beans are generally ground and passed through a slow extraction process using cold water. Companies like Jot seek to build direct relationships with coffee growers, and begin the process with organic, fair-trade beans. Coffee concentrates usually carry more caffeine than regular iced coffee made from conventionally brewed coffee. These tend to be sweeter and are often served cold, however, most coffee concentrates may be used to prepare hot beverages or as an element in desserts. For example, Lucky Jack, which launched its espresso concentrate in 2018, suggests pouring their product over ice cream for an indulgent treat. Kohana offers elegantly composed, smooth and naturally sweet coffee concentrate that can be enjoyed hot or poured over ice. It can be used in smoothies, shakes, sauces, and cocktail. Such products and uses of coffee concentrate are expected to boost the global coffee concentrate market.

Variety of Products by Leading Companies, Growing Popularity of Cold Brew Coffee Concentrate, and Ethically Sourced Products Expected to Stimulate Market Growth

Cold brew coffee may be considered a relatively recent innovation. However, the beverage has roots that are centuries old and span several continents. Cold brew concentrate refers to cold brew with a high coffee to water ratio. In a cold brew concentrate, the ratio of coffee to water is often 1:4 to 1:8. Cold brew coffee is gaining popularity, and increasingly visible in convenience stores and local coffee shops.  For those who prefer making the beverage at home, there are several affordable and simple cold brew coffee makers available. Popular brands include Chameleon Cold-Brew Coffee Concentrate, Wandering Bear Extra Strong Cold Brew On Tap, SToK Cold-Brew Coffee, High Brew Cold Brew Coffee, Jot Ultra Coffee, Califia Farms Concentrated Cold Brew Coffee, Grady's Cold Brew New Orleans-Style Cold Brew Coffee Concentrate, Death Wish Coffee Cold Brew, Stumptown Nitro Cold Brew Coffee, Cafe Agave Spiked Cold Brew Coffee, etc.

DEVANS offers filter coffee concentrate that is easy to make and ready to use. For a cup of cold or hot coffee, simply 20 ml of the concentrate needs to be added. It makes delicious filter coffee at home, upto 10 cups. The product is natural with no colour or preservatives. Products made of organic and ethically sourced coffee beans are expected to be in greater demand.

Products Offering Desired Experiences Expected to Contribute to Growth of Global Coffee Concentrate Market

Coffee concentrates are gaining popularity. While alternatives from brands including Stumptown and Chameleon Cold Brew have been around for years, new options are offered by Jot, Starbucks SBUX +1.2%, and others. Starbucks is helping consumers get closer to making barista-style drinks at home. It has been suggested that a significant majority of coffee drinkers wish to create such experiences. Offerings providing such experiences are expected to drive market growth.

Market Segmentation

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By variety, the market is segmented into:

• Arabica
• Robusta

By type, the market is divided into:

• Cold Brew Coffee Concentrate
• Iced Coffee Concentrate
• Top Roast Coffee Concentrate
• Black Coffee Concentrate

By distribution channel, the market is classified into:

• Supermarkets and Hypermarkets
• Online Store
• Convenience Stores
• Others

By region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Key Industry Players in the Global Coffee Concentrate Market

The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Stumptown Coffee Roasters
• Grady's Cold Brew
• Nestle S.A.
• Kohana Coffee
• Slingshot Coffee Co.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report