The North America Coffee Concentrate Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 18,944.4 thousand litres, showcasing a growth of 4.8% (2019-2022).
The market refers to the segment of the coffee industry that produces and markets concentrated forms of coffee, offering a condensed and potent version of the beverage. These are commonly obtained via extraction or cold brewing techniques, which yield a liquid of exceptional concentration. Before ingestion, this liquid can be diluted with milk, water, or other suitable beverages. This market caters to consumers seeking a convenient, customizable, and often versatile coffee experience, providing a solution that aligns with modern on-the-go lifestyles and diverse flavour preferences.
The market encompasses a range of products, including cold brew concentrates, liquid coffee concentrates, and other innovative formulations, and it operates within the broader context of the evolving coffee culture, sustainability considerations, and the intersection of consumer demand for quality and convenience. The demand for this is rising because of a dynamic consumer landscape, where individuals are not merely seeking a caffeinated beverage but are actively engaging with the rich tapestry of coffee varieties, flavours, and brewing techniques.
Mexico is a significant coffee-producing country with a long history of coffee cultivation. The country has various coffee-growing regions, each contributing to the diverse flavour profiles of Mexican coffee. The U.S. Department of Agriculture projects that Mexico's coffee production for the marketing year (MY) 2023/24 will amount to 4.1 million bags (60 kg per bags), representing a growth attributed to the introduction of novel cultivars and an expansion of the planted area. Furthermore, the expanding food service industry is exerting a notable impact on the demand for this as businesses increasingly seek efficient and cost-effective solutions to meet the diverse preferences of consumers. Therefore, high coffee production and the expanding food service industry in the region are propelling the growth of the market.
The US market dominated the North America Coffee Concentrate Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $771.9 Million by 2030. The Canada market is experiencing a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.3% during (2023 - 2030).
Free Valuable Insights: The Coffee Concentrate Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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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