![Global Coffee Concentrates Market](https://res.cloudinary.com/devmoveo/image/upload/v1679576075/skyquest/gallery/Global-Coffee-Concentrates-Market.jpg)
Report ID: SQMIG30C2079
Report ID:
SQMIG30C2079 |
Region:
Global |
Published Date: July, 2024
Pages:
198
|
Tables:
90 |
Figures:
81
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).
Coffee concentrate is a concentrated form of brewed coffee with a high ratio of soluble solids. This process results in a high-quality liquid form of coffee. Coffee concentrate is a type of beverage that can be consumed either directly or mixed with other liquids such as milk. Different flavors of coffee are used to prepare the differently flavored coffee concentrate. Coffee concentrates are made by soaking ground coffee in water for a long period of time. This results in a very concentrated form of coffee.
The fast-paced lifestyle of consumers has led them to shift their preference from traditional coffee to concentrated coffee, because it is easier to consume. Along with this, the rise in the working population has supported its market growth. According to the OECD, in the year 2019 the working age population increased to 68.9%—indicating the increase in demand for RTD beverages. Single origin coffee concentrates, as the name suggests, are sourced and sourced from one specific region rather than blended or blended with ingredients from other sources.
These coffee products offer a unique flavor profile that is characteristic of the region from which they originate. This is one of the main reasons they are so popular all over the world.
US Coffee Concentrates Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIG30C2079