Report Details

Food & Beverages

Functional Coffee Market Size, Share & Analysis By Product (Whole Bean Coffee, Ground Coffee, RTD Coffee), By Ingredients (Vitamins and Minerals, Herbal Extracts, Antioxidants, Adaptogens, Others), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Platforms, Coffee Shops and Cafes, Others), By Regional Outlook, Competitive Landscape And Forecast, 2032

By Type : Whole Bean Coffee, Ground Coffee, RTD Coffee

By Application : Supermarkets and Hypermarkets, Specialty Stores, Online Platforms, Coffee Shops and Cafes, Others

ID: HNY187416 | Published: Aug 2022 | Pages: 151 | Format: PDF | Industry: Food & Beverages

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Functional Coffee Market Overview 2023:

The functional coffee market size is expected to register a rapid revenue CAGR of 4% over the forecast period. Key factors such as growing consumer preference for healthier beverages, rising popularity of natural and organic ingredients, and increasing preference for enhanced convenience are expected to drive global market growth during the forecast period.

Coffee has been a go-to morning beverage for many individuals across the globe offering a comforting caffeine kick to start their day. However, with changing lifestyles and dietary patterns, people are looking out for healthier drinks and beverages. One of the most trending healthy alternatives to regular coffee is functional coffee.

Functional coffee is typically fused with additional ingredients, vitamins, minerals, various herbal extracts, and antioxidants to provide health benefits beyond regular coffee. Some functional coffees include ingredients such as collagen, MCT oil, or adaptogens that have various health benefits while some coffees are designed to be less acidic or bitter, preferred by people with sensitivity to acidity.

Functional coffees help improve cognitive functions and metabolism, increase energy, enhance focus, mental clarity, and skin health, and reduce stress. It is often marketed as a convenient way to incorporate health-promoting ingredients such as adaptogens, MCT oil, collagen, herbal extracts, vitamins, minerals, and antioxidants into one’s daily routine without the need for additional supplements.

However, these functional coffee products are high priced as compared to regular coffee. This can limit the sales of functional coffees in areas with budget constraints.

Key Takeaways:

Increasing Prevalence of Chronic Diseases and Rising Product Endorsement Through Social Media:

Rising incidence of various chronic diseases such as diabetes, obesity, and cardiovascular disorders has resulted in increasing adoption of functional food and beverages, including functional coffee to support their overall well-being. In addition, many social media influencers and celebrities play a significant role in endorsing these products. This is also expected to drive global market growth during the forecast period.

Limited Consumer Awareness and Varied Taste and Flavor Preferences:

Despite the growing popularity of functional coffee, many individuals across the globe are unaware of this product and its potential health benefits. This can hamper overall market growth during the forecast period. In addition, unusual tastes and flavors can impact consumers’ willingness to purchase and consume the products. This is expected to hamper overall market between 2024 and 2032.

Market Opportunities:

Functional coffee is rapidly gaining traction and there are ample opportunities for manufacturers to develop novel products with unique combinations targeting health concerns and cater to niche consumer segments. In addition, these players can focus on market expansion into untapped regions and emerging markets.

Product Outlook:

Based on product, the global market is segmented into whole bean coffee, ground coffee, and RTD coffee. Among these, the ready-to-drink coffee segment is expected to register rapid revenue growth during the forecast period. This growth is attributed to factors such as changing lifestyle patterns, rising preference for convenience and ready-to-drink beverages, increasing availability of RTD coffee in various flavors, blends, and added functional ingredients like adaptogens, minerals, and vitamins.

Distribution Channel Outlook:

The global market is segmented into supermarkets and hypermarkets, specialty stores, online platforms, coffee shops and cafes, and others based on the distribution channel. Among these, the online platforms are expected to account for the largest revenue share over the forecast period. Factors such as rapidly expanding e-commerce sector, rising preference for RTD and customized functional coffees, and increasing availability of various types of functional coffees on different platforms are expected to drive segment revenue growth between 2024 and 2032.

Regional Outlook:

North America is expected to account for the largest revenue share during the forecast period. This growth can be attributed to factors such as increasing focus on health and wellness, rising awareness about the benefits of functional coffee, and high preference for convenience. In addition, ongoing innovations in the coffee industry, presence of leading companies, and rising investments in R&D activities to develop novel flavors, blends, and functional ingredients are expected to drive North America market growth during the forecast period.

Asia Pacific market is expected to register a robust revenue CAGR over the forecast period owing to rising health-conscious population, rapid urbanization, evolving lifestyles, and cultural significance of coffee in many Asia Pacific countries, and rising disposable income.

Report Coverage:  

Report Details  Outcome
 Base Year for Estimation  2022
 Historical Data  2018-2021
 Forecast Period  2023-2032
 Segments Covered:  Product, Ingredients, Distribution Channel and Region
 By Product  Whole Bean Coffee, Ground Coffee, RTD Coffee
 By Ingredients  Vitamins and Minerals, Herbal Extracts, Antioxidants, Adaptogens, Others
 By Distribution Channel  Supermarkets and Hypermarkets, Specialty Stores, Online Platforms, Coffee Shops and Cafes, Others
 Regional Scope  North America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Country Scope  United States, Canada, Germany, France, UK, Italy, Russia, China, Japan, South Korea, Southeast Asia, India, Mexico, Brazil, Saudi Arabia, UAE, Turkey
 Qualitative Info  •Value Chain Analysis
 •Pricing Analysis
 •Regional Outlook
 •Market Trends
 •Market Share Analysis
 •Competition Analysis
 •Technological Advancements
 Key Players  Baristas Coffee, Co. Inc, Berner Food and Beverage, Cothas Coffee Co., Function Coffee Labs, Heine Brothers Coffee, Ingenuity Beverages LLC, Kitu Life Inc., Nathan Coffee Mart, Nestle SA, Peak State, Peets Coffee Inc., Royal Cup Inc., Sklew Biotech Ltd., Starbucks Coffee Company, Strauss Group Ltd., Tata Sons Pvt. Ltd., Vardhman Foods and Beverages
 Customization Scope  10 Hours of Free Customization and Expert Consultation


Competitive Landscape:

The global Functional Coffee market is extremely competitive, comprising several regional and global level key players. Leading key players are focused on adopting various strategic alliances like mergers and acquisitions, partnerships, joint ventures, collaborations, and product launches to maintain their global position and enhance their product offerings. They are also focused on innovation, and scalability, and are adapting to evolving technology trends and consumer needs.

Some Leading Market Companies Listed in the Report:

  • Baristas Coffee, Co. Inc
  • Berner Food and Beverage
  • Cothas Coffee Co.
  • Function Coffee Labs
  • Heine Brothers Coffee
  • Ingenuity Beverages LLC
  • Kitu Life Inc.
  • Nathan Coffee Mart
  • Nestle SA
  • Peak State
  • Peets Coffee Inc.
  • Royal Cup Inc.
  • Sklew Biotech Ltd.
  • Starbucks Coffee Company
  • Strauss Group Ltd.
  • Tata Sons Pvt. Ltd.
  • Vardhman Foods and Beverages

Functional Coffee Industry Recent Developments:

  • In December 2023, BioHarvest Sciences, Inc. announced the launch of functional coffee product line VINIA.
  • In December 2022, Roastea, India’s first omnichannel beverage brand announced the launch of its D2C premium product, “Super Power Coffee”.

The global functional coffee market has been segmented based on product, ingredients, distribution channel, and region:

By Product:

  • Whole Bean Coffee
  • Ground Coffee
  • RTD Coffee

By Ingredients:

  • Vitamins and Minerals
  • Herbal Extracts
  • Antioxidants
  • Adaptogens
  • Others

By Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Platforms
  • Coffee Shops and Cafes
  • Others

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Russia
    • Nordic Countries
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Southeast Asia
    • India
    • Australia
    • Rest of Asia
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East & Africa
    • Turkey
    • Saudi Arabia
    • UAE
    • Rest of MEA

FAQ

The Functional Coffee market research report includes specific segments by region (country), i.e. North America, Europe, Asia Pacific, South America, Middle East and Africa

The Functional Coffee market report provides global companies with an opportunity to enter new markets, invest in new sectors, analyze consumer reactions, investigate global competition, and ultimately make smart investments.

Functional Coffee report covers the latest market developments in terms of acquisitions, growth strategies, joint ventures and collaborations, new product launches, and more on industry.

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Chapter 1. Methodology and Scope

1.1. Methodology Segmentation & Scope
1.2. Information Procurement
1.2.1. Purchased database
1.2.2. Secondary Sources
1.2.3. Third-party Perspectives
1.2.4. Primary research
1.3. Information Analysis
1.3.1. Data Analysis Models
1.4. Market Formulation & Data Visualization
1.5. Research Scope & Assumptions

Chapter 2. Executive Summary

2.1. Functional Coffee Market- Industry Snapshot, 2018 - 2032

Chapter 3. Functional Coffee Market Variables, Trends & Scope

3.1. Market Size and Growth Prospects, 2023-2032
3.2. Industry Value Chain Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint/Challenge Analysis
3.3.3. Market Opportunity Analysis
3.4. Penetration & Growth Prospect Mapping
3.5. Business Environment Analysis Tools
3.5.1. Industry Analysis - Porter's Five Forces Analysis
3.5.2. PEST Analysis
3.5.3. COVID-19 Impact Analysis

Chapter 4. Functional Coffee Market Type Outlook 2023-2032 (USD Million)

Chapter 5. Functional Coffee Market Application Outlook 2023-2032(USD Million)

Chapter 6: Coronavirus Diseases (COVID-19) Impact:

6.1. Introduction

6.2 Current and Future Impact Analysis

6.3 Economic Impact Analysis

6.4 Investment Scenario

Chapter 7. North America Functional Coffee Market Share by Region, 2023 & 2032 (USD Million)

7.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
7.4.1. U.S.
7.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
7.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7.4.1.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

7. 4.2. Canada
7. 4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
7. 4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
7. 4.2.3 Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 8. Europe Functional Coffee Market Share by Region, 2023 & 2032 (USD Million)
 
8.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
8.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

8.4.1. Germany
8.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
8.4.2. France
8.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.2.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.3.  UK
8.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.2.3.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.4.  Italy
8.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.4.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.5.  Russia
8.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.5.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.6.  Nordic Countries
8.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.6.3. Market Estimates and Forecast by Application 2023-2032 (USD Million)
8.4.7. Rest of Europe
8.4.7.1. Market Estimates and Forecast 2023-2032 (USD Million)
8.4.7.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
8.4.7.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 9. Asia Pacific Functional Coffee Market Share by Region, 2023 & 2032 (USD Million)

9.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
9.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

9.4.1. China
9.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.2. Japan
9.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.2.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.3.  South Korea
9.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.4.  India
9.4.4.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.5.  Australia

9.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
9.4.6. Rest of Asia Pacific
9.4.6.1. Market Estimates and Forecast 2023-2032 (USD Million)
9.4.6.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
9.4.6.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 10. Latin America Functional Coffee Market Share by Region, 2023 & 2032 (USD Million)

10.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
10.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

10.4.1. Mexico
10.4.1.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.1.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.1.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.2. Brazil
10.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
10.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
10.4.3 Rest of Latin America
10.4.3.1 Market Estimates and Forecast 2023-2032 (USD Million)
10.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
10.4.3.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 11. Middle East and Africa Functional Coffee Market Share by Region, 2023 & 2032 (USD Million)

11.1. Market Estimates and Forecast 2023 - 2032 (USD Million)
11.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million

11.4.1 Turkey
11.4.1.1 Market Estimates and Forecast 2023-2032 (USD Million)
11.4.4.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.2.  Saudi Arabia
11.4.2.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.2.2 Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.2.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.3 UAE
11.4.3.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.3.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.4.1. Market Estimates and Forecast by Application, 2023-2032 (USD Million)
11.4.5.  Rest of MEA
11.4.5.1. Market Estimates and Forecast 2023-2032 (USD Million)
11.4.5.2. Market Estimates and Forecast by Type, 2023-2032 (USD Million)
11.4.5.3. Market Estimates and Forecast by Application, 2023-2032 (USD Million)

Chapter 12 Functional Coffee Market Competitive Landscape

  • Baristas Coffee, Co. Inc
  • Berner Food and Beverage
  • Cothas Coffee Co.
  • Function Coffee Labs
  • Heine Brothers Coffee
  • Ingenuity Beverages LLC
  • Kitu Life Inc.
  • Nathan Coffee Mart
  • Nestle SA
  • Peak State
  • Peets Coffee Inc.
  • Royal Cup Inc.
  • Sklew Biotech Ltd.
  • Starbucks Coffee Company
  • Strauss Group Ltd.
  • Tata Sons Pvt. Ltd.
  • Vardhman Foods and Beverages

Tables and Figures

  • Baristas Coffee, Co. Inc
  • Berner Food and Beverage
  • Cothas Coffee Co.
  • Function Coffee Labs
  • Heine Brothers Coffee
  • Ingenuity Beverages LLC
  • Kitu Life Inc.
  • Nathan Coffee Mart
  • Nestle SA
  • Peak State
  • Peets Coffee Inc.
  • Royal Cup Inc.
  • Sklew Biotech Ltd.
  • Starbucks Coffee Company
  • Strauss Group Ltd.
  • Tata Sons Pvt. Ltd.
  • Vardhman Foods and Beverages

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