Coffee Concentrates Market Size, Share, Growth Analysis, By Variety(Regular and Decaffeinated), By Caffein(Top roast coffee concentrate, cold brew coffee concentrate, iced coffee concentrate, black coffee concentrate), By Product(Supermarket/hypermarket, speciality stores, convenience stores, online retail.), By Region - Industry Forecast 2024-2031

Coffee Concentrates Market size was valued at USD 1.35 billion in 2022 and is poised to grow from USD 1.40 billion in 2023 to USD 1.84 billion by 2031, at a CAGR of 3.5% during the forecast period (2024-2031).

The coffee market is a highly competitive market, which is dominated by players like Nestle, JM Smucker Company, The Kraft Heinz Company, and Starbucks Coffee Company. Despite the challenges, private-label brands, such as Massimo Zanetti Beverage Group and Tchibo GmbH, are still focused on increasing their market shares and sales around the world. 'AJINOMOTO Co., Inc.', 'Barista FZC', 'Bay Valley Foods LLC', 'Califia Farms, LLC', 'Cargill, Incorporated', 'CedarLane Foods', 'Danone S.A.', 'DD IP Holder LLC (Dunkin' Donuts)', 'Gloria Jean’s Coffees International Pty Ltd', 'Keurig Dr Pepper Inc.', 'KonaRed Corporation', 'Nestle S.A.', 'PepsiCo, Inc.', 'Starbucks Corporation', 'The Coca-Cola Company', 'The J.M. Smucker Company', 'The Kraft Heinz Company', 'The WhiteWave Foods Company', 'Trop50', 'UCC Holdings Co., Ltd.', 'Nestle unveiled a revolutionary technology in July 2023 that lowers the intrinsic sugar level of important ingredients. ', 'PepsiCo and Walmart want to promote regenerative agriculture on more than two million acres of farmland by July 2023. ', 'To expand its product line and meet the increasing demand, Monin announced in June 2023 the release of its new seasonal coffee concentrate products, which include all-new seasonal tastes including maple pumpkin cold brew coffee concentrate. ', 'A Singapore-based coffee concentrate business called Wake the Crew revealed in April 2023 that it intended to increase retail sales by expanding through supermarkets throughout Southeast Asia. ', 'Cason Crane, a senior consultant at Bain & firm and a mountaineer, started Brooklyn-based coffee concentrate firm Explorer in January 2023. Explorer intends to expand its distribution arrangement with Delta Air Lines and venture into the retail sector. '

As ready-to-drink coffee variants, coffee concentrates can be mixed with water and sugar or blended with milk to give the drink a richer taste. There has been an increasing demand for ready-to-drink and convenient products in the working population, due to the high-paced and evolving lifestyle of the consumers in urban spaces. This demand is considered one of the main reasons driving the demand for coffee ingredients.

There has been a recent increase in consumer awareness of the manufacturing of products they are buying and from where their purchases are coming from. In the case of food and beverage products, including coffee, it is important to follow a standardized supply chain to ensure quality and consistency. Consumers are highly interested in certified coffee products to ensure the credibility of their coffee purchases. The increasing concern among consumers about poverty, social injustice, and environmental destruction has led to a growing market for ‘certified’ and ‘sustainability’ brands and labels in the food and beverage market.

North America is seeing strong growth in the coffee concentrate market due to widespread consumption of coffee on a regular basis by consumers. The significant decline in the consumption of carbonated beverages has supported the growth of the coffee concentrate regional market. Europe is expecting significant growth in the coffee market due to the increase in demand for high-quality and single-origin coffees. The increase in coffee consumption in the region has led to increased regional market growth. According to the European Ministry of Foreign Affairs, the region consumed 33% of the world's coffee consumption, which has supported regional sales.