Preparation of Coffee Extracts Global Market Report 2024

The preparation of coffee extracts market size has grown strongly in recent years. It will grow from $6.66 billion in 2023 to $7.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth observed in the historical period can be attributed to the increasing consumption of coffee, consumer preferences favoring convenience, the expansion of coffee culture, heightened awareness of health benefits, and the diverse applications of coffee products.

The preparation of coffee extracts market size is expected to see strong growth in the next few years. It will grow to $9.01 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The anticipated growth in the forecast period can be attributed to innovations in coffee products, the influence of health and wellness trends, the rise of premiumization and specialty coffee preferences, the global expansion of coffee shops, and the growth of e-commerce. Noteworthy trends expected in the forecast period include the emphasis on artisanal and small-batch production, the premiumization of coffee extracts, innovations in extraction techniques, advancements in packaging, a focus on health-conscious consumers, and a global exploration of coffee origins.

The expected surge in individuals' consumption of coffee extract is set to drive the growth of the market for preparing coffee extracts. Coffee extract is a concentrated coffee flavoring produced by combining coffee beans and alcohol, commonly used to enhance the taste of desserts, ice cream, and beverages. Individuals widely embrace coffee extracts for their diverse health benefits and their role in products addressing conditions such as obesity, diabetes, high blood pressure, and high cholesterol. The presence of chlorogenic acid, antioxidants, anti-inflammatory, and anti-hypertensive bioactive ingredients contributes to their popularity. For example, the International Coffee Organization (ICO) reported in October 2022 that global coffee consumption increased by 3.3% to 170.3 million 60-kg bags in 2021/22. The consumption was projected to exceed output by 3.1 million bags in 2021-2022, indicating a growing demand for coffee extracts.

The anticipated growth in the beverage industry is expected to drive the expansion of the coffee extracts market. The beverage industry, involved in the production, distribution, and sale of beverages for human consumption, utilizes coffee extracts in the preparation of coffee-based drinks. This allows manufacturers to achieve a rich and robust coffee flavor without using large liquid volumes. The 2021 State of the Restaurant Industry reported a 10.2% increase in eating and drinking places sales, reaching $548.3 billion in 2021. Consequently, the rising demand in the beverage industry is a key factor propelling the growth of the coffee extracts market.

Technological advancement stands out as a significant trend in the preparation of coffee extracts market. Major players are investing efforts in innovative technologies to strengthen their market positions. Nescafé Dolce Gusto introduced the Neo coffee machines and pods with SmartBrew technology in November 2022. This technology, adjustable through a connected application, offers three different brewing techniques, providing customers with premium espressos, Americanos, and drip-style coffees effortlessly.

Companies in the preparation of coffee extracts market are focusing on product innovation, such as the development of home compostable coffee capsules, to gain a competitive advantage. These capsules deliver high-quality coffee and are fully compostable at home, meeting and exceeding consumer expectations. In November 2022, Nestle Nespresso S.A. launched home compostable coffee capsules made from materials such as waste sugar cane fiber, decomposing within 180 days in a home composting environment. These capsules are designed for single-use and are compatible with popular Nespresso Original machines.

In June 2022, Florida Food Products LLC acquired Javo Beverage Company for an undisclosed amount. Florida Food Products LLC, specializing in fruit and vegetable-based concentrates and functional derivatives, aims to enhance its product portfolio and leverage technology in the fruit, vegetable, and coffee extraction markets through this acquisition. Javo Beverage Company, a US-based extraction company, is known for creating fresh, clean-labeled coffee, tea, and botanical extracts for the food and beverage industries.

Major companies operating in the preparation of coffee extracts market report are NatureWise Inc., Sports Research Corporation, McCormick & Company, Incorporated, J.R. Watkins, The Coffee Bean & Tea Leaf, Naturex S.A, Softigel by Procaps, Kerry Group, Treatt plc, Purely Inspired, Nestle S.A., J.M. Smucker Company, Starbucks Corporation, Keurig Dr Pepper Inc., Tata Consumer Products, Strauss Group Ltd., Tchibo GmbH, Luigi Lavazza S.p.A., UCC Holdings Co. Ltd., Massimo Zanetti Beverage Group S.p.A., Melitta Group, Tres Coracoes Alimentos S.A., Dunkin' Brands Group Inc., The Kraft Heinz Company, Jacobs Douwe Egberts B.V., Illycaffè S.p.A., Luigi Lavazza S.p.A., Aspen Beverage Group, Monin Incorporated, S&D Coffee Inc.

Asia-Pacific was the largest region in the preparation of coffee extracts market in 2023. The regions covered in the preparation of coffee extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the preparation of coffee extracts market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary product types for preparing coffee extracts include capsules or tablets, powder, liquid green coffee bean extraction, and chews. Tablets represent a compressed solid dosage form containing medicament with or without excipients, while capsules are an oral dosage form with the active ingredient encapsulated inside a hard or soft shell. The various sources involved include green coffee beans and roasted coffee beans, available in both organic and conventional forms. These extracts find applications in industries such as the beverage industry, pharmaceuticals, skincare, and others.

The preparation of coffee extracts market research report is one of a series of new reports that provides preparation of coffee extracts market statistics, including preparation of coffee extracts industry global market size, regional shares, and competitors with the preparation of coffee extracts market share, detailed preparation of coffee extracts market segments, market trends, and opportunities, and any further data you may need to thrive in the preparation of coffee extracts industry. This preparation of coffee extracts market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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