The green coffee bean is produced from the extract of unroasted green coffee beans. Chlorogenic acid is one of the major ingredients found in green coffee bean extract has various advantages, such as it helps in improving glucose and insulin balance. Green coffee bean extract is majorly used in weight loss supplements. Increasing awareness regarding obesity and obesity-linked diseases coupled with rising health consciousness is projected to increase the demand for green coffee bean extracts.
Demand for green coffee bean extract is expected to increase at a rapid pace during the forecast period. Growth of the global green coffee bean extract market is anticipated to be driven by growing concerns among consumers regarding their skin and health problems, mainly due to stressful and hectic lifestyles, which is resulting in a shift in consumer preference toward nutraceuticals and natural alternatives.
Consumer spending on green coffee bean extract is growing due to increasing disposable income in countries such as China, India, and the U.S. This, in turn, has catalyzed the growth of the green coffee bean extract market over the last few years. Moreover, rising awareness among consumers on fitness is driving the weight loss supplements industry, thus paving the way for the green coffee bean extract market.
Furthermore, the growing demand for products containing natural extracts to maintain hygiene and health, along with beauty care by consumers, is anticipated to boost the green coffee bean extract market. The Asia Pacific is projected to be a major market for green coffee bean extract during the forecast period.
The green coffee bean extract market is anticipated to grow rapidly during the forecast period. The growing health consciousness among consumers is projected to boost the market over the forecast period.
The increasing trend where manufacturers are focused on the reformulation of the ingredient’s content in food & beverages to ascertain health benefits, along with the taste is further anticipated to drive the green coffee bean extract market
Factors, such as the growing popularity of dietary supplements clubbed with on-the-go lifestyle is anticipated to contribute significantly to the green coffee bean extract market globally. Dietary supplements with purported health benefits have gained popularity, owing to the increasingly hectic lifestyle of consumers. These factors are further projected to propel the growth of the green coffee bean extract market in the near future.
The global green coffee bean extract market can be segmented based on form, application, distribution channel, and region.
Based on form, the global green coffee bean extract market can be classified into liquid and powder
In terms of application, the global coffee bean extract market has been segmented into dietary supplements, food & beverages, and others
Based on the distribution channel, the global green coffee bean extract market has been segmented into online and offline. The offline distribution channel is further divided into hypermarket/supermarket, specialty stores, and others.
Based on region, the global market can be divided into North America (U.S, Canada, and Rest of North America), Europe (U.K, Germany, France, Italy, and Rest of Europe), Asia Pacific (India, Japan, China, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of the Middle East & Africa), and South America (Brazil and Rest of South America)
Key players operating in the global green coffee bean extract market include Absolute Nutrition, Naturex, Nature's Way Products, LLC., Nature Wise, MKC Food Products, Tru Body Wellness, Alchem International Pvt. Ltd., and Abc International, among others.
Food & Beverages