Coffee Extract Market

The global coffee extract market is forecasted to grow steadily over the next eight years, with an expected increase in both volume and value. Consumption trends have shown moderate growth, with fluctuations in global demand. Countries like China, the United States, and India lead in consumption and production. Import and export data reveal significant growth in international trade of coffee extracts, essences, and concentrates. Overall, the market is expected to continue its upward trend, presenting opportunities for growth and expansion.

Market Forecast

Driven by increasing demand for coffee extracts, essences and concentrates worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 6.4M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.9% for the period from 2022 to 2030, which is projected to bring the market value to $48.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Coffee Extracts, Essences And Concentrates

Global coffee extract consumption was estimated at 5M tons in 2022, standing approx. at 2021 figures. In general, the total consumption indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.2% against 2020 indices. Global consumption peaked at 5.1M tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global coffee extract market size reached $32.9B in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +51.7% against 2016 indices. Global consumption peaked in 2022 and is expected to retain growth in the immediate term.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (808K tons), the United States (440K tons) and India (303K tons), with a combined 31% share of global consumption. Pakistan, Russia, the Philippines, Bangladesh, Indonesia, Nigeria, Ethiopia, the UK, Turkey and Germany lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +39.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, Turkey ($4.7B), China ($4.4B) and the United States ($2B) were the countries with the highest levels of market value in 2022, together accounting for 34% of the global market.

Among the main consuming countries, Turkey, with a CAGR of +38.6%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of coffee extract per capita consumption in 2022 were the Philippines (1,399 kg per 1000 persons), the United States (1,311 kg per 1000 persons) and the UK (1,218 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Turkey (with a CAGR of +38.1%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Coffee Extracts, Essences And Concentrates

Global coffee extract production reached 5M tons in 2022, with an increase of 2.6% against the year before. The total output volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 11% against the previous year. Global production peaked at 5.1M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, coffee extract production totaled $29.1B in 2022 estimated in export price. Overall, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 37%. As a result, production attained the peak level of $34.2B. From 2020 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (768K tons), the United States (415K tons) and India (357K tons), with a combined 31% share of global production. Indonesia, Pakistan, Vietnam, Bangladesh, Brazil, Nigeria, Russia, Malaysia, Germany and Ethiopia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the main producing countries, was attained by Nigeria (with a CAGR of +9.2%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Coffee Extracts, Essences And Concentrates

Global coffee extract imports shrank to 1.3M tons in 2022, reducing by -2.2% compared with the year before. Over the period under review, total imports indicated a moderate increase from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.0% against 2012 indices. The pace of growth was the most pronounced in 2016 when imports increased by 14% against the previous year. Global imports peaked at 1.4M tons in 2021, and then dropped in the following year.

In value terms, coffee extract imports soared to $9.1B in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

In 2022, the Philippines (159K tons), followed by the United States (82K tons) and Russia (73K tons) were the largest importers of coffee extracts, essences and concentrates, together achieving 24% of total imports. Germany (59K tons), the UK (56K tons), China (51K tons), Canada (46K tons), Hong Kong SAR (45K tons), Poland (37K tons), Malaysia (32K tons), the United Arab Emirates (29K tons), the Netherlands (29K tons) and France (27K tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +17.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($757M), the Philippines ($557M) and Germany ($525M) were the countries with the highest levels of imports in 2022, together accounting for 20% of global imports. The UK, Russia, China, Poland, the Netherlands, France, Canada, the United Arab Emirates, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 30%.

In terms of the main importing countries, China, with a CAGR of +20.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee (664K tons) and preparations with a basis of extracts, essences or concentrates or with a basis of coffee (644K tons) prevails in imports structure, together mixing up 98% of total imports. Coffee substitutes containing coffee (23K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key imported products, was attained by preparations with a basis of extracts, essences or concentrates or with a basis of coffee (with a CAGR of +8.3%), while imports for the other products experienced mixed trends in the imports figures.

In value terms, extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee ($6.3B) constitutes the largest type of coffee extracts, essences and concentrates imported worldwide, comprising 69% of global imports. The second position in the ranking was held by preparations with a basis of extracts, essences or concentrates or with a basis of coffee ($2.7B), with a 30% share of global imports.

For extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee, imports increased at an average annual rate of +1.6% over the period from 2012-2022. For the other products, the average annual rates were as follows: preparations with a basis of extracts, essences or concentrates or with a basis of coffee (+6.7% per year) and coffee substitutes containing coffee (-1.8% per year).

Import Prices By Type

In 2022, the average coffee extract import price amounted to $6,857 per ton, picking up by 18% against the previous year. Overall, the import price, however, recorded a slight curtailment. Global import price peaked at $8,197 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major imported products. In 2022, the product with the highest price was extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee ($9,513 per ton), while the price for preparations with a basis of extracts, essences or concentrates or with a basis of coffee ($4,191 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by coffee substitutes (-0.5%), while the other products experienced a decline in the import price figures.

Import Prices By Country

The average coffee extract import price stood at $6,857 per ton in 2022, picking up by 18% against the previous year. Overall, the import price, however, saw a slight curtailment. Over the period under review, average import prices reached the peak figure at $8,197 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($9,785 per ton), while Hong Kong SAR ($2,217 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+4.6%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Coffee Extracts, Essences And Concentrates

In 2022, the amount of coffee extracts, essences and concentrates exported worldwide rose markedly to 1.3M tons, picking up by 5.9% compared with 2021 figures. The total export volume increased at an average annual rate of +4.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 12% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, coffee extract exports amounted to $8.8B in 2022. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2022, Indonesia (193K tons), followed by Vietnam (107K tons), Brazil (102K tons), Malaysia (100K tons) and Germany (84K tons) were the largest exporters of coffee extracts, essences and concentrates, together committing 44% of total exports. Spain (58K tons), the United States (57K tons), India (55K tons), Timor-Leste (53K tons), Poland (47K tons), the United Arab Emirates (43K tons), South Korea (33K tons) and the Netherlands (30K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Timor-Leste (with a CAGR of +66.9%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest coffee extract supplying countries worldwide were Germany ($899M), Brazil ($701M) and Indonesia ($585M), together comprising 25% of global exports. Vietnam, Spain, Malaysia, India, the Netherlands, Poland, the United States, South Korea, the United Arab Emirates and Timor-Leste lagged somewhat behind, together accounting for a further 39%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +52.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Exports By Type

Extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee (692K tons) and preparations with a basis of extracts, essences or concentrates or with a basis of coffee (564K tons) prevails in exports structure, together achieving 93% of total exports. It was distantly followed by coffee substitutes containing coffee (90K tons), comprising a 6.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exported products, was attained by coffee substitutes containing coffee (with a CAGR of +15.6%), while the other products experienced more modest paces of growth.

In value terms, extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee ($6.1B) remains the largest type of coffee extracts, essences and concentrates supplied worldwide, comprising 70% of global exports. The second position in the ranking was held by preparations with a basis of extracts, essences or concentrates or with a basis of coffee ($2.4B), with a 28% share of global exports.

From 2012 to 2022, the average annual rate of growth in terms of the value of extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee exports stood at +1.2%. For the other products, the average annual rates were as follows: preparations with a basis of extracts, essences or concentrates or with a basis of coffee (+5.6% per year) and coffee substitutes containing coffee (+6.5% per year).

Export Prices By Type

In 2022, the average coffee extract export price amounted to $6,514 per ton, increasing by 6% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. Over the period under review, the average export prices reached the maximum at $7,971 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by the product type; the product with the highest price was extracts, essences and concentrates; of coffee, and preparations with a basis of these extracts, essences or concentrates or with a basis of coffee ($8,848 per ton), while the average price for exports of coffee substitutes containing coffee ($2,438 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by preparations with a basis of extracts, essences or concentrates or with a basis of coffee (-0.7%), while the other products experienced a decline in the export price figures.

Export Prices By Country

In 2022, the average coffee extract export price amounted to $6,514 per ton, growing by 6% against the previous year. Overall, the export price, however, showed a noticeable decrease. Over the period under review, the average export prices hit record highs at $7,971 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($10,649 per ton), while Timor-Leste ($2,048 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform