Global Nitro-Infused Beverages Market

Global Nitro-Infused Beverages Market Size, Share, Growth Analysis, By Product Type(Coffee and Tea), By Distribution Channel(Online retail and Offline retail) - Industry Forecast 2024-2031

Report ID: SQMIG30G2014 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 59 | Figures: 75

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Global Nitro-Infused Beverages Market size was valued at USD 87.92 million in 2022 and is poised to grow from USD 106.03 million in 2023 to USD 474.48 million by 2031, growing at a CAGR of 20.60% during the forecast period (2024-2031).

The global nitro-infused beverages market is highly fragmented and competitive, with a large number of regional and global players operating in the market. The market players are increasingly focused on expanding their product portfolio and geographical presence through product launches, collaborations, and partnerships. They also invest in marketing and promotional activities to create awareness and increase their customer base. The intense competition in the market is driving innovation and product differentiation among players, with a focus on offering unique and premium nitro-infused beverage products to gain a competitive edge. 'Starbucks Corporation', 'PepsiCo, Inc.', 'The Coca-Cola Company', 'Nestlé S.A.', 'Keurig Dr Pepper Inc.', 'Lavazza Group', 'Stumptown Coffee Roasters', 'Marley Beverage Company', 'Califia Farms, LP', 'High Brew Coffee Inc.', 'Secret Squirrel Cold Brew Coffee', 'Minor Figures Limited', 'La Colombe Coffee Roasters', 'RISE Brewing Co.', 'Blackeye Roasting Co.', 'Lucky Jack Coffee Co.', 'Upruit', 'NITRO Beverage Co.', 'Heyday Cold Brew', 'Sunup Green Coffee'

One of the key drivers of the global nitro-infused beverages market is the increasing demand for unique and innovative beverages. Nitro-infused beverages offer a distinct texture, taste, and mouthfeel, which cannot be found in traditional beverages. The trend is driven by the growing popularity of nitro coffee, particularly among millennials, as well as the rising number of coffee shops and cafes offering nitro-infused beverages. This demand for new and unique beverage experiences is expected to continue to drive the growth of the nitro-infused beverages market.

One of the key market trends in the global nitro-infused beverages market is the growing demand for nitro-infused alcoholic beverages. Nitro beer, in particular, is gaining popularity due to its smooth, creamy texture and enhanced flavor profile. Major beer brands are introducing nitro beer variants, while craft breweries are experimenting with nitro-infused stouts, IPAs, and other beer styles. The trend is driven by the growing demand for premium and artisanal alcoholic beverages and the rising popularity of nitro-infused coffee among millennials, spurring interest in nitro-infused alcoholic beverages.

In North America, the United States dominated the nitro-infused beverages market due to the high demand for coffee and other nitro-infused beverages. The market growth is driven by the increasing consumer preference for unique and innovative beverages and the growing popularity of nitro coffee among millennials. Additionally, the presence of major players such as Starbucks and Dunkin' Donuts in the region contributes to market growth.

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Global Nitro-Infused Beverages Market

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