The Global Cold Brew Coffee Market is valued at USD 432.7 Million in 2022 and is expected to reach USD 1983.7 Million by 2029 with a CAGR of 24.3% over the forecast period.
Global Cold Brew Coffee Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2023-2029- Increasing popularity of cold brew coffee, rising availability of variety of cold brew coffee and growing urbanization and disposable income are major factors anticipated to drive the growth Global Cold Brew Coffee Market within the Forecast Period.
Cold-brewed coffees coffee made by steeping ground coffee in room-temperature water for 12 to 18 hours or then straining out the grounds and chilling it prior serving. Cold brew is famous drink that typically features a smooth, slightly sweet coffee flavor. The method of brewing most convenient and extracts the flavor along with the caffeine from the coffee beans, produce a rich, flavorful, and stimulating brew with little or no equipment Cold brew coffee is 50-67% less acidic and has a long shelf life, and can be enjoyed on hot summer days. Cold coffee brew is becoming a popular beverage among youngsters.
The Covid-19 pandemic has had a significant impact on the global cold brew coffee market. The closure of cafes, restaurants, and other foodservice establishments during lockdowns has resulted in a decline in the consumption of cold brew coffee. However, the increase in home consumption of coffee during the pandemic has led to a rise in sales of cold brew coffee in retail channels such as supermarkets and online stores. Additionally, the disruption in the global supply chain due to the pandemic has led to an increase in the price of raw materials and packaging materials, which has resulted in a rise in the cost of production for cold brew coffee manufacturers. Overall, the Covid-19 pandemic has had a mixed impact on the global cold brew coffee market, with a decline in the foodservice sector and a rise in the retail sector. However, as the pandemic recedes and foodservice establishments reopen, the demand for cold brew coffee in the foodservice sector is expected to rebound.
The global cold brew coffee market is segmented on the basis of type, distribution channel and region & country level. On the basis of type, the market is segmented into arabica, robusta and other. On the basis of distribution channel, the market is segmented into company-owned outlets, convenience stores, online and supermarkets & hypermarkets.
The regions covered in global cold brew coffee market report are North America, Europe, Asia-Pacific, Latin America, and Rest of the World. Based on country level, the market of global cold brew coffee market is subdivided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, Southeast Asia, Middle East Asia (UAE, Egypt, Saudi Arabia) GCC, Africa, etc.
Some of the key players for global cold brew coffee market are
One of the major factors driving the growth of the global cold brew coffee market is the increasing popularity of cold brew coffee. Cold brew is getting famous in the younger generation as it provides a refreshing amount of caffeine without the acidity and bitterness associated with hot coffee brewing. Though it is referred to as a cold brew, it may be consumed hot or cold, making it suitable for any season. It has less acidity than regular coffee and can be tolerable to sensitive people thus it can be enjoyed as a healthier and tastier option for coffee lovers. Thus, due the growing popularity, the players are launching products and providing growth in the market. For example; the launch of cold brew coffee in three different flavours viz, unsweet black, just a Tad sweet cubano, and Mocha announced by Honest in September 2019.
In addition, the rising availability of variety of cold coffee brew also fueling the market growth. For example; BLK & Bold launched ready-to-drink cold brew coffee in June 2022. Moreover, growing urbanization and the disposable income are also boosting the market growth. Coffee drinkers are spending more money on their favourite beverage and as disposable income of people is increasing the global cold brew coffee expected to increase for the forecast period.
However, the fluctuating raw material prices may hamper the growth of the cold brew coffee market over the forecast period. Despite this, nitrogen-based cold brew coffee is adding expansive growth opportunities to the cold brew coffee market for the further growth.
North America is expected to dominate the global cold brew coffee market due to rising consumer spending, increasing millennials preference towards coffee rather than other ready-to-drink beverages and increasing number of new product launches and research & development activities in this field in this region. For instance; the launch of Bomani Cold Buzz, an alcohol-infused cold brew coffee Bomani Brothers in March 2019. In addition, increasing number of product launches are also boosting regional market growth. For example; the launch of new Ready-To-Drink (RTD) Starbucks Nitro Cold Brew, entering a high growth segment of the RTD Cold Brew category was announced by Starbucks in partnership with Pepsico.
Asia-Pacific is expected to show a fastest growth in the global cold brew coffee market. Increasing investments from prominent players expanding customer base by launching new cold brew coffee options is one of the major factors boosting the market growth in this region. For instance; color-changing cold brew coffee in Asia region launched by Starbucks. As well as ‘cold coffee brew’ Blue Tokai Coffee Roasters, Sula Vineyards are launched in Indian market in February 2020.
Starbucks Launched On-Demand Cold Brew Coffee in India
On July 6th, 2018; Starbucks launched the new beverage is Starbuck’s latest addition to its signature Cold Brew range called Nitro Cold Brew. The Starbucks is aimed to deliver a new coffee experience to coffee lovers. The company claimed to be produced using of high-quality coffee beans, and offers a smooth, sweet taste. It is advised to be served straight from the tap without ice.
|2016 - 2021
|2022 - 2029
|Market Size in 2022:
|USD 432.7 Million
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2029:
|USD 1983.7 Million
|Tables, Charts & Figures:
|Venice Cold Brew LLC, Sleepy Owl, Nestlé, Kohana Coffee, Starbucks, JAB Holding Company, HighBrewCoffee, Califia Farms, RISE Brewing Co., La Colombe Torrefaction, Sleepy Owl Heartland Food Products Group. and others
|By Type, By Distribution Channel
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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