The Asia Pacific Coffee Concentrate Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 19,345.0 thousand litres, showcasing a growth of 5.5% (2019-2022).
Nitro coffee, or coffee infused with nitrogen for a creamy and effervescent texture, is experiencing a surge in popularity. This trend adds a unique and visually appealing element to the coffee-drinking experience, contributing to the premiumization of coffee concentrates. Collaborations between these brands and other beverage or culinary entities are emerging. Limited edition releases, often featuring unique blends or partnerships, create excitement among consumers and contribute to a sense of exclusivity. By incorporating these into recipes for baked goods such as brownies, cakes, and cookies, a robust coffee flavour can be imparted to the final products.
These concentrates are employed in preparing savoury dishes, contributing depth and richness to sauces, marinades, and glazes for meats and vegetables. Furthermore, these are utilized in crafting coffee-flavoured cocktails, adding depth and complexity to mixed drinks. Examples include espresso martinis or coffee-infused liqueurs. Some breweries and distilleries incorporate these into producing coffee-flavoured beers, stouts, and spirits. Additionally, these are sometimes used to produce energy bars, providing a natural caffeine source and a coffee flavour.
The increasing bakery industry in India can positively impact the market by creating synergies between the two sectors. According to the State Council of the People's Republic of China, 2021 e-commerce retail sales of commodities amounted to 39,392.8 billion yuan, reflecting an 11.8 percent growth compared to the previous year. Catering sales, on the other hand, surged to 4,689.5 billion yuan, reflecting an 18.6 percent increase. December witnessed an increase of 2.3 percent in year-over-year retail sales to 3,642.8 billion yuan; catering income amounted to 484.1 billion yuan. Therefore, the increasing bakery sector and expansion of e-commerce in the region are driving the growth of the market.
The China market dominated the Asia Pacific Coffee Concentrate Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $277.6 Million by 2030. The Japan market is registering a CAGR of 5.1% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.5% during (2023 - 2030).
Free Valuable Insights: The Global Coffee Concentrate Market is Predict to reach $ 3.6 Billion by 2030, at a CAGR of 5.3%
Based on Type, the market is segmented into Caffeinated, and Decaffeinated. Based on Distribution Channel, the market is segmented into Retail, and HoReCa. Based on Retail Type, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Convenience Stores, and Online Retail. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Thousand Litres, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Litres, USD Billion, 2019-2030)
By Country (Volume, Thousand Litres, USD Billion, 2019-2030)
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