Coffee has been an essential part of daily life since its discovery in the eighth century AD. Over the centuries, experimentation with coffee has led to a variety of products, including numerous coffee-based and caffeine-related innovations. As of 2024, the coffee concentrate market has reached an impressive valuation of USD 2.90 billion.
The growth of eCommerce, both in developed and developing markets, has significantly broadened manufacturers’ reach, providing consumers with a wide array of options. This expansion is expected to drive the market valuation of coffee concentrates to USD 5.10 billion by 2034.
Additionally, sustainability trends are shaping the coffee concentrate market. Manufacturers are investing billions to adopt eco-friendly practices, enhancing the environmental responsibility of their products. With the market projected to grow at a steady CAGR of 5.80% through 2034, FMI forecasts a promising outlook for the industry.
Coffee Concentrate Market: Dynamics
The primary driver of the coffee concentrate market is the rising demand for ready-to-drink products within the food industry. Coffee remains one of the most popular beverages globally, and the growing preference for ready-to-drink options is boosting the demand for coffee concentrates. As fast-paced lifestyles lead consumers to shift from traditional coffee to more convenient concentrate forms, the use of instant coffee in homes and offices is expected to create additional opportunities for market growth.
The evolving lifestyle of people positively impacts the coffee concentrate market. Rising coffee popularity among the youth and increased global coffee consumption are driving substantial growth in the coffee concentrate sector.
Competitive Landscape
The coffee concentrate market is well-established, featuring numerous companies with a strong presence in the global arena. Leading players in the industry have leveraged social media influencers, boasting millions of followers, to enhance their product visibility and marketing impact. Through targeted campaigns and strategic marketing efforts, these companies effectively reach diverse consumer bases across both developed and developing countries.
Recent Developments
- In January 2024, Torr Industries launched the Hive Cafe, a compact version of its Hive Brew cold coffee system. Baristas pre-wetted coffee grounds loaded them into the brewing chamber, and brewed espresso-like concentrate alongside cold brew.
- In August 2023, Tim Hortons unveiled its Cold Brew Concentrate in the USA, featuring four flavors: Medium Blend Black, Birthday Cake, Cinnamon Swirl, and Mocha Cereal. The 32-ounce bottles offered eight servings each, promising a smooth coffee experience at home.
- In August 2023, Rogers, Arkansas’s Onyx Coffee Lab unveiled “Extractions,” a groundbreaking coffee concentrate. The product, boasting full flavor and convenience, raised the bar for discerning coffee enthusiasts seeking quality.
- In March 2024, Starbucks introduced new grocery items inspired by its brown sugar oat milk shaken espresso. The lineup included ground coffee, K-Cups, and cold brew concentrate, available at Target, Walmart, and Amazon. Customers could enjoy the flavor of Starbucks at home.
- In June 2023, Monin unveiled its latest creation, Maple Pumpkin Cold Brew Coffee Concentrate. Infused with gourmet arabica espresso, pumpkin spice, and rich maple syrup, it quickly became a seasonal favorite, inspiring both consumers and operators to indulge in autumn-inspired beverages.
- In May 2023, Westrock Coffee unveiled its groundbreaking Energy Refresher platform alongside innovative cold coffee offerings at the National Restaurant Association Show in Chicago. The suite of pioneering beverage solutions catered to diverse tastes, meeting the demand for ready-to-drink beverages.
Key Companies
- Starbucks
- Nestlé
- Keurig Dr Pepper
- Stok
- Califia Farms
- La Colombe Coffee Roasters
- Chameleon Cold-Brew
- Kohana Coffee
- Rise Brewing Co.
- Caveman Coffee Co.
- Lucky Jack Coffee
- Secret Squirrel Cold Brew
- High Brew Coffee
- Wandering Bear Coffee
- Cuvee Coffee
- Kitu Super Coffee
- Highwire Coffee Roasters
- Slingshot Coffee Co.
- Grady’s Cold Brew
- RISE Nitro Brewing Co.
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments of the Coffee Concentrate Industry
By Type:
- Caffeinated
- Decaffeinated
By Distribution Channel:
- HoReCa
- Retail
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Store
- Online Retail
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube