Global Cold Brew Coffee Market Size To Worth USD 19.89 Billion By 2033 | CAGR of 22.66%
Category: Food & BeveragesGlobal Cold Brew Coffee Market Size To Worth USD 19.89 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Cold Brew Coffee Market Size is Expected to Grow from USD 2.58 Billion in 2023 to USD 19.89 Billion by 2033, at a CAGR of 22.66% during the forecast period 2023-2033.
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Browse key industry insights spread across 240 pages with 150 Market data tables and figures & charts from the report on the " Global Cold Brew Coffee Market Size, Share, and COVID-19 Impact Analysis, By Packaging (Plastic Bottles, Glass Bottles, and Cans), By Distribution Channel (Specialty Stores, Online Retail, Supermarkets, and Convenience Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cold-brew-coffee-market
The global cold brew coffee market is introduced through the process of soaking coffee seeds in cold water for 12-24 hours, producing a smoother, less acidic, and naturally sweet beverage. This method extracts flavor and caffeine from the beans, creating a rich, aromatic cup that is low-acidic. Companies like Dunkin Donuts and Starbucks offer this method, which is widely accessible. Government initiatives, such as the Coffee Board of India's Integrated Coffee Development Project (ICDP), aim to increase coffee production, satisfy domestic and international demand, and upgrade India's coffee sector. The ICDP aims to establish India as a major player in the global coffee industry and a dominant force in the cold brew coffee market, aiming to increase yields, ensure sustainability, and expand cultivation in non-traditional areas. However, variations in the prices of the coffee beans may hinder the expansion of the market.
The cans segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period.
Based on the packaging, the global cold brew coffee market is categorized as plastic bottles, glass bottles, and cans. Among these, the cans segment held the largest share in 2023 and is predicted to grow at a significant CAGR during the predicted period. This is driven by its rigidity, durability, recyclability, flexibility, and corrosion resistance.
The supermarkets segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe.
Based on the distribution channel, the global cold brew coffee market is categorized as specialty stores, online retail, supermarkets, and convenience stores. Among these, the supermarkets segment accounted for the highest market share in 2023 and is expected to grow at a significant CAGR throughout the projected timeframe. The segmental growth is driven by large-scale distribution, availability of branded and local cold brew coffee products, lower prices, and consumer convenience.
North America is expected to hold the greatest share of the global cold brew coffee market over the forecast period.
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North America is expected to hold the greatest share of the global cold brew coffee market over the forecast period. The U.S. and Canada are major global market for cold-brewed coffee due to high specialty coffee consumption, millennial purchasing power, and preference for coffee over other beverages. New product variations, such as nitrogen-loaded cold coffee, are expected to positively impact the market. The demand for healthy, low-fat, preservative-free, high-protein, and essential micronutrient-rich coffee drinks is also increasing. The flavor of iced and ready-to-drink coffee is a key factor driving sales in North America.
Asia Pacific is predicted to grow at the fastest CAGR throughout the estimated period. The Asia Pacific coffee market is expected to expand due to rising demand in China, India, and Japan. Specialty goods are becoming more popular in India due to the popularity of cold brew coffee brands. The younger generation in China has more disposable income, leading to increased consumption of instant coffee and flavored beverages. In developing countries, suppliers are introducing new products to increase consumer awareness of coffee options. Manufacturers are also expanding to attract more customers and boost sales.
Major key players in the global cold brew coffee market are Starbucks Corporation, Wandering Bear Coffee, Red Thread Coffee Co., Sandows London Limited, Lucky Jack, LLC, JAB Holding Company, Wandering Bear Coffee, Groundwork Coffee Company Inc., Grady’s Cold Brew, Calaifia Farms LP, Seaworth Coffee Co., High Brew Coffee, and others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In January 2023, Stock Cold Brew, a rapidly growing cold brew coffee brand, introduced a new Espresso Blend Cold Brew in January. This new product is designed to evoke a lifelong obsession with Stock Cold Brew, a brand that is the fastest-growing among Millennials in 2022. The brand aims to create a dark and delicious cold brew experience that is perfect for the winter season.
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global cold brew coffee market based on the below-mentioned segments:
Global Cold Brew Coffee Market, By Packaging
- Plastic Bottles
- Glass Bottles
- Cans
Global Cold Brew Coffee Market, By Distribution Channel
- Specialty Stores
- Online Retail
- Supermarkets
- Convenience Stores
Global Cold Brew Coffee Market, By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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