Coffee Extracts Market: Market Outlook
The major advantage of coffee extract over coffee is its shelf life. The coffee extracts can be stored for near about three years at the room temperature. Like coffee, the coffee extracts exhibit the same health benefits like mood enhancement, improved brain functioning, protection against heart disease and many more. Coffee extracts can be achieved from the roasted or green coffee beans. The coffee extracts have properties based on the coffee beans used for the extraction, varying degree of temperature treatment, and time required for the extraction process. For example, Arabica coffee beans need a different treatment than that of the Robusta coffee beans to get the perfect coffee extracts.
The coffee extracts from green coffee beans have more functional nutrients. These extracts contain chlorogenic acid which antioxidants and good for human health. Unlike roasted coffee bean extract, a green coffee bean extract contains less caffeine. This coffee extracts aid to monitor weight gain by reducing carbohydrates absorption and also burn body stored fats and glucose. The person on medication or pregnant ladies should not consume green coffee extract in any forms. Plus, green coffee bean extracts cannot be consumed like normal coffee. This two become major constraints on the coffee extract market.
Coffee Extract Market: Market Dynamics
The HORECA (Hotel/Restaurant/Catering) industry consumption driving the coffee extract market
The coffee extracts have a better flavour than that of coffee ground. Moreover, the taste and flavours of the coffee extracts last longer than normal coffee. Therefore, the HORECA industry prefers coffee extracts over a grounded coffee. Even bakery goods producers have shown an inclination towards the coffee extracts resulting in boosting the sales in the coffee extract market.
Increase in consumption of the coffee extracts by individuals
Owing to its health benefits, consumers have shown a propensity towards buying the coffee extracts over ground coffee. This is prominently helping the growth of the coffee extracts market.
The demand from the pharmaceutical and skincare industry for the coffee extracts
Ease of use and unique flavours are making it easier to use the coffee extracts in skincare products. Its antioxidant property helps to stay away from harmful diseases. Thanks to these properties, the pharmaceutical and skincare industry is taking so much interest in the coffee extracts market.
Coffee Extract Market: Segmentation
On the basis of nature type, the global coffee extract market has been segmented as
On the basis of source type, the global coffee extract market has been segmented as
On the basis of application, the global coffee extract market has been segmented as
On the basis of the product form, the global coffee extract market has been segmented as
On the basis of End-users, the global coffee extract market has been segmented as
On the basis of Distribution Channel, the global coffee extract market has been segmented as
On the basis of Region, the global coffee extract market has been segmented as
Coffee Extract Market: Key Players
McCormick, Savory Spice, J. R. Watkins, PureSvetol, NatureWise, Sports Research, Lumen, Huntington, Musccletech, Health Plus, GreenNatr, Natrogix are few major players in the coffee extract market.
Coffee Extract Market: Opportunities
If it wasn't for the coffee extracts, the coffee market had reached the stagnant level in the market. New coffee extracts broke that saturation and manufacturers of coffee extracts witnessed growth in the sales. Different technologies must be used to extract from the coffee beans. Producers need to innovate to reduce the coffee extract cost. New entrants can tie-up with large industries and come up with unique features of the coffee extracts.
Coffee Extract Market: Regional outlook
Many manufacturers are labelling the coffee extracts as 'organic' or 'Non-GMO' products. The North American consumer trends have shown that consumers buy a product based on the way it has been labelled. The coffee extract markets have shown a significant increase in sales in North America, Latin America, and also Europe after this labelling. Some manufacturers have offered decaffeinated coffee extract drinks. It was best-liked in the European markets.
The Asian markets have exhibited rising demand from past few decades. The changing lifestyle and the adoption of western culture are assisted with increased disposable income is aiding the sales of the coffee extract in the Asian markets. The Middle East and African markets have given a positive response to the coffee extracts due to its versatile nature in the food, skincare and other industries.
COVID-19 Impact on Global Coffee Extract market
The demand from the HORECA industry was lowered during this global pandemic. On the other hand, individual consumption has increased at the same time. The supply-side could not cater to this demand but this will remain as a temporary impact. The coffee extract market will show a strong CAGR in the forecasted period.