Cold-Brew Coffee Market Analysis: Size, Emerging Trends, and Future Outlook (2023-2032)
Rajesh Mhargude
Talks About Various Industry Outlooks And Market Research & Development
The worldwide cold brew coffee industry, valued at USD 650.91 million in 2022, is experiencing rapid growth with a compound annual growth rate (CAGR) of 23.74% anticipated from 2023 to 2032. It is projected to reach USD 5478.01 million by 2032. This surge can be attributed to the rising global demand for cold brew coffee and the growing preference for ready-to-drink coffee options among consumers.
The Comprehensive Cold-Brew Coffee Market Analysis Report for 2023 delves deep into the industry landscape, offering an intricate segmentation based on Regions, Applications (Comprehensive Supermarket, Community Supermarket, Online Sales, Convenience Store), and Types (Original Coffee, Flavored Coffee). This extensive report aims to provide invaluable insights to stakeholders, vendors, and industry participants, facilitating informed decision-making processes.
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Leading manufacturers in the Cold-Brew Coffee market include:
Market Overview: The global Cold-Brew Coffee market is expected to experience significant growth between 2023 and 2030, driven by rising adoption strategies by key players. The market size has increased impressively, reaching USD million from 2017 to 2022, with an anticipated reach of USD million by 2030. The report delves into market size, product type, application, geography, competitor landscape, recent status, and development trends.
Factors Driving Growth: The growth of the Cold-Brew Coffee market is propelled by the increasing demand for Comprehensive Supermarket, Community Supermarket, Online Sales, and Convenience Store applications worldwide.
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Types of Cold-Brew Coffee: The market offers two primary types of Cold-Brew Coffee: Original Coffee and Flavored Coffee, with these categories holding the largest market share in 2023.
Leading Regions: The Cold-Brew Coffee market is thriving in regions such as North America (United States, Canada, and Mexico), Europe (Germany, UK, France, Italy, Russia, and Turkey), Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia, and Vietnam), South America (Brazil, Argentina, Colombia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).
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Regional segmentation analysis:
Analysis of market segmentation across different regions reveals distinct trends and growth factors. In 2022, North America dominated the global cold brew coffee market, commanding a substantial 49.27% share in market revenue. This region's market growth is primarily driven by key companies introducing innovative product variants through diverse distribution channels. Furthermore, the market in North America benefits from the increased purchasing power of millennials, particularly in Canada and the US, where coffee preferences among this demographic contribute significantly to market expansion. The widespread appeal of cold brew coffee, attributed to its refreshing taste and diverse flavors, further fuels its acceptance in North America.
Meanwhile, the Asia Pacific region is poised to secure the largest market share and experience significant revenue growth. This growth can be attributed to the growing consumer emphasis on healthier dietary choices, specifically in the realm of convenient foods like ready-to-drink (RTD) coffee infused with antioxidants. The rapid urbanization in this region, coupled with rising consumer disposable income, acts as a catalyst for market expansion. Notably, the market benefits from the shift in consumer preferences away from carbonated beverages due to the adverse health effects associated with their consumption. This shift further propels the growth of the cold brew coffee market in the Asia Pacific region, indicating promising prospects for the upcoming years.