Liquid Coffee Extract Market Size Worth $3 Billion By 2030: IndustryARC
Research Reports
Oct 07, 2023
Liquid Coffee Extract Market size is predicted to reach $3 Billion by 2030, growing at a CAGR of 7.28% during the forecast period 2023-2030 according to the latest market research report published by IndustryARC. Health and Wellness Focus, Sustainability and Ethical Sourcing, Flavor Innovation, Plant-based alternatives, and Convenient On-the-go Solutions are the driving factors of the market during the forecast period, finds IndustryARC in its recent report, titled “Liquid Coffee Extract Market Size, Share & Trends Analysis Report By Type (Regular Liquid Coffee Extract, Decaffeinated Liquid Coffee Extract, Flavored Liquid Coffee Extract), By Distribution Channel (Retail Stores, Online Stores, Food Service), By End User (Individual Consumers, Commercial, Food & Beverage Manufacturers, Hotels, Restaurants & Cafes), By Packaging Type (Bottles, Pouches, Bulk Containers), By Consumer Preferences (Conventional Consumers, Health-Conscious Consumers, Innovative Consumers), By Price Range (Premium, Mid-Range, Economical) & Industry Forecast, 2023-2030.”
Request Sample Research Report: https://www.industryarc.com/pdfdownload.php?id=800192
Liquid Coffee Extract Market 2023-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2022 |
|
Forecast Period |
2023–2030 |
|
CAGR |
7.28% |
|
Market Size in 2030 |
$3 Billion |
|
Segments Covered |
Type, Distribution Channel, End User, Packaging Type, Consumer Preferences, and Price range |
|
Key Market Players |
|
Get Access to Full Research Report: https://www.industryarc.com/Research/liquid-coffee-extract-market-research-800192
Liquid Coffee Extract Market Report – Key Takeaways:
Individual Consumers is the largest segment
Individual Consumers with a market share of 34% in 2022 is the largest End User segment. Individual consumers collectively form a vast and diverse market segment. They include coffee enthusiasts, home users, and individuals looking for convenient coffee options. This large customer base contributes significantly to the overall demand for liquid coffee extracts. Liquid coffee extracts offer convenience, allowing individual consumers to prepare their favorite coffee beverages quickly and easily. They can create a variety of coffee drinks, including lattes, iced coffees, and even coffee-flavored desserts, without the need for extensive preparation.
Rise of Ready to Drink Beverages
The demand for ready-to-drink beverages has been on the rise due to changing consumer preferences for convenience. RTD coffee beverages, including those made using liquid coffee extracts, offer a grab-and-go option for busy individuals seeking a quick caffeine fix or a refreshing drink. The convenience and portability of RTD coffee beverages are significant growth drivers. Liquid coffee extracts enable manufacturers to create consistent and flavorful RTD products. As consumers seek on-the-go options, this trend supports the adoption of liquid coffee extracts in the creation of diverse RTD coffee offerings.
Educating Consumers about Usage
Some consumers might be unfamiliar with the concept of liquid coffee extracts and how they can be incorporated into various applications, including beverages and culinary creations. Manufacturers can invest in effective marketing and educational campaigns. Providing clear usage instructions, recipes, and ideas for incorporating liquid coffee extracts into different products can help educate consumers. Sampling events, online tutorials, and collaborations with influencers can also aid in raising awareness and understanding of the product’s versatility.
Innovative Beverage Trends
The beverage industry is witnessing constant innovation, with consumers seeking unique and novel drink experiences. Coffee-based beverages are evolving beyond traditional options, and liquid coffee extracts provide a versatile ingredient for creating innovative and creative coffee drinks. Liquid coffee extracts enable the development of a wide range of coffee-based beverages, including cold brews, nitro coffee, coffee cocktails, and more. As consumers are eager to explore new taste sensations, the availability of diverse coffee drinks incorporating liquid coffee extracts can attract and retain a broader customer base, thereby driving the market growth.
Purchase this Premium Report: https://www.industryarc.com/purchasereport.php?id=800192
Key Opportunity Analysis:
Health-Conscious Consumer Segment
Health-conscious consumers are increasingly seeking healthier and lower-sugar beverage options. Liquid coffee extracts can be leveraged to create healthier coffee-based beverages that cater to this growing consumer segment. Manufacturers can develop low-sugar, organic, or functional coffee-based beverages using liquid coffee extracts. By highlighting the health benefits and natural ingredients, companies can tap into the health-conscious market and expand their product offerings.
E-Commerce Expansion
The growth of e-commerce provides an opportunity for liquid coffee extract manufacturers to reach a wider audience and offer their products directly to consumers through online retail platforms. Companies can establish an online presence, showcase their product range, and offer convenient online purchasing options. E-commerce enables manufacturers to connect with consumers globally, especially those seeking unique flavors or specific preferences, contributing to increased sales and market penetration.
If you have any questions, please feel free to contact our experts at: https://www.industryarc.com/reports/request-quote?id=800192
The Report also Covers the Following Areas:
Liquid Coffee Extract Market Size and Forecast
Liquid Coffee Extract Market Trends
Liquid Coffee Extract Market Analysis by Consumer Preferences
Liquid Coffee Extract Market 2023-2030: Key Highlights
CAGR of the market during the forecast period 2023-2030
Value Chain analysis of key stakeholders
Detailed analysis of market drivers and opportunities during the forecast period
Liquid Coffee Extract Market size estimation and forecast
Analysis and predictions on end users’ behavior and upcoming trends
Competitive landscape and Vendor market analysis including offerings, developments, and financials
Comprehensive analysis of challenges and constraints in the Liquid Coffee Extract Market
Covid and Ukrainian Crisis Impact:
With lockdowns and restrictions in place, the food service and hospitality industry experienced significant disruptions. This led to a decline in demand for liquid coffee extracts used in cafes, restaurants, and hotels. The global pandemic disrupted supply chains, affecting the sourcing of raw materials and ingredients for the production of liquid coffee extracts. This has led to supply shortages and potential price fluctuations.
Home confinement and remote work led to a shift in consumer behavior. While the demand for coffee products remained, there was a change in consumption patterns, with more people brewing coffee at home. Also, political tensions and trade disruptions resulting from the Ukraine crisis have impacted global trade routes and logistics, affecting the import and export of coffee-related products, including liquid coffee extracts.
To Get a Customized Industry Analysis, Speak with our Research Analyst: https://connect.industryarc.com/lite/schedule-a-call-with-our-sales-expert
List of Key Market Players in Liquid Coffee Extract Market:
The key companies profiled in the Liquid Coffee Extract Market Report are listed below:
Symrise AG
Autocrat LLC
Flavourtech
Trung Nguyen Group
Gourmet Liquid Coffee, Inc.
Crown Coffee
Sensient Technologies Corporation
Elite Instant Coffee Ltd.
Java Creations
Kerry Group
Related Reports:
Black Tea Extract Market– The Black Tea Extract Market size is estimated to reach $189.1 million by 2027 and is poised to grow at a CAGR of 4.9% over the forecast period of 2022-2027. Black tea is one of the most popular beverages worldwide. Black tea provides rich dietary sources of flavan-3-ols, flavonols, and other flavonoids that help to reduce the risk of cancer, heart disease, chronic disease, and diabetes as well as lowering cholesterol.
Roast & Ground Coffee Market – The Roast & Ground Coffee market size is estimated to reach $26.2 billion by 2027. Furthermore, it is poised to grow at a CAGR of 5.8% over the forecast period of 2022-2027. Coffee products are one of the most widely consumed hot beverages across the world.
RTD Coffee Market – The RTD Coffee Market size is estimated to reach $42.4 billion by 2027, growing at a CAGR of 7.5% during the forecast period 2022-2027. Ready-to-Drink (RTD) Coffee includes packaged coffee beverages that are marketed in a prepared form and are ready for intake like a canned coffee drink.
About IndustryARC™
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.
Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: sales@industryarc.com
USA: (+1) 518-282-4727
Web: https://www.industryarc.com
Follow us on:LinkedIn | Facebook | Twitter
Contact Information:
Mr. Venkat Reddy IndustryARC Email: sales@industryarc.com USA: (+1) 518-282-4727
Tags:
Wire, BNN, iCN Internal Distribution, Extended Distribution, Research Newswire, English