The global green Coffee extract market is expected to hold a value worth US$ 270.4 Million in 2022. The value is expected to reach US$ 402.9 Million and exhibit a CAGR of 4.9% during the forecast period of 2022-2032. From 2016-21, the market displayed a CAGR of 3.7%. The growth of the market can be attributed to the growing demand for plant-based dietary supplements.
Green coffee bean extract is derived from the extract of
unroasted green coffee beans. Green coffee bean extract is rich in chlorogenic
acid. Chlorogenic acid found in green coffee bean extract possess high
benefits. It helps in improving glucose and insulin balance. Being a weight
loss supplement, green coffee bean extract is used as an active ingredient in
the weight loss products.
Rising health consciousness coupled with increasing
awareness regarding obesity and obesity-linked diseases is expected to increase
the demand for green coffee bean extracts. The prevailing health and wellness
trend has increased the significance of functionality aspect of food &
beverages. Hence, green coffee bean extract is widely used while preparing
coffee so that it not only serves the refreshment purpose but also provides
functional benefits. This is expected to provide a significant boost to the
growth of green coffee bean extract market during the forecast period.
Market Dynamics of Green coffee bean extract:
Green coffee bean extract market is expected to grow rapidly
during the forecast period. This rapid growth of green coffee bean extract
market can be attributed to the growing health consciousness among consumers.It
is also impacted by the increasing trend where companies are focused upon
reformulation of the ingredient’s content in food & beverages to ascertain
health benefits along with the taste.
Factors such as on the go life style clubbed with the
growing popularity of dietary supplements is expected to contribute
significantly to the prominence of green coffee bean extract market. Owing to
the increasingly hectic lifestyle of consumers, dietary supplements with
purported health benefits have gained popularity. These factors are expected to
fuel the growth of green coffee bean extract market in the near future.
Market Segmentation of Green coffee bean extract:
Green coffee bean extract market is segmented on the basis
of form, application, distribution channel, and geography. Based upon form,
green coffee bean extract market is segmented into powdered and liquid
form.Over the next few years, powdered form of green coffee bean extract is
expected to witness relatively higher share in the global green coffee bean
extract market. On the basis of application, green coffee bean extract market
is segmented into beverages, dietary supplements, and others.
Dietary supplement segment is projected to expand at
relatively higher CAGR in the global green coffee bean extract market. Based
upon distribution channel, green coffee bean extract market is segmented into
drug stores, speciality stores, supermarket/hyper market, convenience stores,
and others such as direct selling, mass merchandisers etc.
Regional Outlook of Green coffee bean extract:
Based on geography, Green coffee bean extract market is
segmented into seven different regions namely Latin America, Asia-Pacific,
North America, Middle East and Africa, Western Europe, Eastern Europe, and
Japan.
North America is projected to hold relatively higher share
in the Green coffee bean extract market during the reviewed market. Strong
demand from U.S for green coffee bean extracts is expected to play vital role
in increasing the revenue share of the region.
Western Europe is expected to acquire second largest share
in global green coffee bean extract market over the forecast period.
Asia Pacific is projected to expand at relatively higher
CAGR owing to the growing increasing obesity rates and increasing health
awareness among consumers.Companies in the green coffee bean extract market
focus upon leveraging the opportunities posed by emerging economies like India
and China to strengthen their geographical presence and expand their revenue
base.
Key Market Players in Green coffee bean extract:
Some of the key players in the Green coffee bean extract
market include Naturex, Nature Wise, Nature’s Way Products, LLC., Tru Body
Wellness, MKC Food Products, Abc International, Alchem International Pvt. Ltd.,
and Absolute Nutrition among others.