Global Cold Brew Coffee Market

Cold Brew Coffee Market Size, Share, Growth Analysis, By Preparation Mode (Drip Coffee Makers, Single Cup Brewers), By Packaging, By Distribution Channel, By Region - Industry Forecast 2024-2031


Report ID: SQMIG30E2034 | Region: Global | Published Date: December, 2024
Pages: 260 | Tables: 64 | Figures: 75

Cold Brew Coffee Market Regional Insights

North America was the largest regional market in 2021 and accounted for more than 60% of the overall share. Consumer preference for craft beverages is growing across North America, and the market is projected to benefit from the presence of major firms like Starbucks and Coca-Cola Company. The leading companies competing in the North American market are concentrating on new product introductions. Starbucks, for instance, declared the release of its new Ready-to-Drink Nitro Cold Brew which comes in three variants, viz., Black, Dark Caramel, and Vanilla Sweet Cream, in February 2020.

On the other hand, Asia-Pacific is expected to register the highest CAGR over the forecast period due to growing product demand, especially in India, China, and Japan. It is projected that the region's fast urbanisation would serve as a catalyst for the market's expansion, combined with consumers' rising purchasing power. Consumption of cold brew coffee is expected to increase as café culture becomes more and more popular. With the introduction of new products, the major firms are growing their customer base in Asia-Pacific. For instance, Nescafe announced the arrival of its new Cold Brew Coffee bottles in Thailand in January 2020. The product comes in two flavours: black and latte.

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Global Cold Brew Coffee Market size was valued at USD 482.10 million in 2022 and is poised to grow from USD 577.56 million in 2023 to USD 245.46 million by 2031, growing at a CAGR of 19.80% during the forecast period (2024-2031).

The rising popularity of cold brew coffee has encouraged significant players in the market such as HighBrewCoffee, Kohana Coffee, La Colombe Coffee Roasters, Nestle SA, and Heartland Food Products Group to develop even more unusual flavors in order to attract more customers. Some of the key factors driving the robust market expansion globally are the rising sales in developing nations, the rapid urbanisation, and companies' increasing attention on increasing their online presence. Companies like Starbucks, Dr. Pepper, and RISE Brewing Co. are focusing on grocery channels like Walmart, etc. to expand their customer base. For example, in June 2021, BOMANI Cold Buzz, a well-known brand of alcoholic cold brew coffee, debuted its most recent Original and Vanilla alcoholic cold brew coffee line at a few Arizona retail locations, including Walmart, Whole Foods, BevMo, Sprouts, Total Wine, and others in Phoenix. Effective marketing and attractive packaging are the key advertising tactics adopted by these companies to keep the sales steady worldwide. 'Califia Farms LP ', 'Starbucks Corporation ', 'Nestle S.A. ', 'JAB Holding Company ', 'Coca-Cola Company ', 'PepsiCo, Inc. ', 'Caveman Coffee Co. ', 'Wandering Bear Coffee ', 'Sandows London ', 'Heartland Food Products Group ', 'Grady's Cold Brew ', 'Slingshot Coffee Co. ', 'Lucky Jack Coffee ', 'Secret Squirrel Cold Brew Coffee ', 'SToK Cold Brew ', 'RISE Brewing Co.'

The most notable advantage of cold brew coffee is that it is nearly 67% less acidic than hot coffee. Additionally, because the coffee grounds are not subjected to high temperatures, it is smoother and sweeter than hot coffee. This coffee variety has a rich, less bitter taste. Therefore, the cold brew coffee market will have numerous growth potentials as a result of all these aspects. It is also abundant in antioxidants, which are essential for active defence against the effects of ageing and a number of ailments, including cancer and Alzheimer's disease.

Today, more nitrogen-filled cold brew coffee products have hit the market as producers create inventive packaging for the high-end coffee beverage. In this style of cold brew coffee, nitrogen gas is introduced into the coffee through a pressurised valve. On the strength of their rising popularity, many cold brew coffee producers are introducing these beverages. For instance, High Brew Coffee, a coffee company, just debuted a sweet cream nitro cold brew coffee. It contains an in-can gadget that releases nitrogen when consumed.

North America was the largest regional market in 2021 and accounted for more than 60% of the overall share. Consumer preference for craft beverages is growing across North America, and the market is projected to benefit from the presence of major firms like Starbucks and Coca-Cola Company. The leading companies competing in the North American market are concentrating on new product introductions. Starbucks, for instance, declared the release of its new Ready-to-Drink Nitro Cold Brew which comes in three variants, viz., Black, Dark Caramel, and Vanilla Sweet Cream, in February 2020.

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Global Cold Brew Coffee Market

Report ID: SQMIG30E2034

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