Cold Brew Coffee Market: Global Size, Share, Trends, Growth and Forecast 2022-2032
Cold Brew Coffee Market: Overview and Definition
The Global Cold Brew Coffee Market is expected to grow from USD 1.7 billion in 2021 to USD 4.7 billion by 2032, at a CAGR of 12.2% during the forecast period 2022-2032.
Cold brew coffee is a method of making coffee that involves steeping ground coffee beans in cold or room temperature water for an extended period of time, usually 12-24 hours. The result is a smooth, less bitter and less acidic coffee compared to traditional hot-brewed coffee. The resulting concentrate can be mixed with water, milk or other ingredients to make a variety of cold coffee drinks.
The cold brew coffee market has grown in recent years as consumers are looking for new and innovative ways to enjoy their coffee. Cold brew coffee is seen as a healthier alternative to traditional coffee because it has lower acidity and a smoother taste, and it can be enjoyed hot or cold, making it a versatile option for any time of year. The growth of the cold brew coffee market is being driven by the increasing popularity of specialty coffee drinks, as well as the convenience of ready-to-drink cold brew options.
The report provides an analysis of 6 years, in which 2020 is the base year, 202021 as an estimated year and 2022-2032 is forecasted period. The report consists of overall market size in 2018 and its anticipated growth in further 10 years. It gives grasp about the high demanding region for Cold Brew Coffee. It also includes the factors that drive the growth of the market along with emerging and current opportunities. The competitor's strategies for long-term and short-term goals are also a key part of this research methodology.
The report includes an in-depth price chain analysis, that provides an in depth read of the world Cold Brew Coffee Market. The Porter’s 5 Forces analysis provided within the report helps to know the competitive state of affairs within the international Cold Brew Coffee Market. The study incorporates market attractiveness analysis, whereby the market segments for product type and application square measure benchmarked supported their market size, rate of growth, and attractiveness in terms of chance. so as to grant an entire analysis of the general competitive state of affairs within the Cold Brew Coffee Market, each geographical area mentioned within the report is supplied with attractiveness analysis.
A market Overview chapter explains the market trends and dynamics that embody the market drivers, restraining factors, and opportunities for the present and future Cold Brew Coffee Market. Market outlook analysis has been provided globally within the report. to boot, the report conjointly provides analysis of various business ways being adopted by market leaders of the Cold Brew Coffee Market. Market introduction chapter assists in gaining an inspiration of various trends and services associated with Cold Brew Coffee.
Cold Brew Coffee Market: Growth Drivers
Growing popularity of specialty coffee: The demand for specialty coffee drinks continues to grow, and cold brew coffee is seen as a healthier and less bitter alternative to traditional hot-brewed coffee. This is driving demand for cold brew coffee both in the retail and food service channels.
Convenience of ready-to-drink options: The availability of ready-to-drink cold brew coffee options is making it easier for consumers to enjoy cold brew coffee on-the-go. This is contributing to the growth of the market by making cold brew coffee more accessible to a wider range of consumers.
Health benefits: Cold brew coffee is seen as a healthier alternative to traditional coffee because it has a lower acidity and a smoother taste. This is driving demand for cold brew coffee among health-conscious consumers.
Innovation in product offerings: Companies are continually introducing new and innovative cold brew products, such as flavored cold brew coffee, sparkling cold brew, and cold brew tea. This is helping to drive growth in the market by attracting new customers and keeping existing customers engaged.
Increased focus on sustainability: Cold brew coffee is often made with sustainably-sourced coffee beans and packaged in eco-friendly containers. This is helping to drive growth in the market as consumers are increasingly looking for products that align with their sustainability values.
Cold Brew Coffee Market: Challenges
Competition from other specialty coffee drinks: The market for specialty coffee drinks is highly competitive, and cold brew coffee faces competition from other specialty coffee options such as nitro coffee and iced coffee.
Limited consumer awareness: While the popularity of cold brew coffee is growing, it is still not as well-known as other specialty coffee drinks, and many consumers may be unaware of its benefits. This can limit the growth of the market by reducing demand.
High production costs: The production process for cold brew coffee can be time-consuming and costly, as it requires specialized equipment and a long steeping time. This can make it difficult for smaller companies to enter the market and compete with established players.
Seasonality: Cold brew coffee is often seen as a seasonal drink, with demand peaking in the summer months and declining during the winter. This can make it difficult for companies to maintain consistent sales throughout the year.
Regulatory hurdles: There are various regulations in place for the production and sale of cold brew coffee, and companies must comply with these regulations in order to remain in business. This can be a challenge for companies, especially for small and new entrants to the market.
Cold Brew Coffee Market: Report Scope
Base Year Market Size
Forecast Year Market Size
Cold Brew Coffee Market: Segmentation
The research offers a comprehensive analysis of Cold Brew Coffee Market with respect to various sub-markets. The segmentation of Cold Brew Coffee is by Product Type, by application and by global regions. By Product Type, the market is sub-segmented into directed Arabica, Robusta, Others. By Application, the market is sub-segmented into directed Hypermarkets/Supermarkets, Independent Coffee Shops, Specialty Coffee Shops, Retail Stores, Online Retail, Others.
The report covers every segment so that every segment is analyzed properly, and every area is considered while preparing the report so that requirements from that particular area can be analyzed and further modification can be made accordingly. The Geographical areas covered in this report are North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Russia, Spain and rest of Europe), Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa), Latin America (Argentina, Mexico, Brazil and Rest of Latin America). The report covers the leading trends in the market, insights and plan and policies adopted by the competitors in the market that can hamper the conditions of the market.
The report describes the key competitors ruling in the market and plans and strategies adopted by them to grab their target market and working with consistency in the market so that company can prepare itself beforehand for the unforeseen circumstances. The key players profiled in the global Cold-Brew Coffee Market includes Nestle, Ting Hsin International Group, The Coca-Cola Company, UCC Ueshima Coffee, Starbucks Corporation, illy cafe, Luigi Lavazza, Coffee Roasting Company Schreyogg, Dunkin' Donut, La Colombe, Lucky Jack, Black & Bold, Califia Farms and Others Major & Niche Key Players. Companies are focusing on expanding their business through strategic acquisitions and partnerships with several end-use industries.
In the last section of the report, the current scenario of the market has been shown to provide a better overview of the market. The report highlights the data collected by the report. A perfect combination of the primary, as well as secondary research, has been made to collect all the facts and figures about the market and the company itself. Primary data research includes telephonic interviews; e-mail conversation, face to face interviews whereas secondary research includes the annual report depicting the financial position of the company, government regulations, shareholders reviews and statistical database. The further secondary method has been considered as a reliable method as a comparison to primary data.
By Product Type
- Independent Coffee Shops
- Specialty Coffee Shops
- Retail Stores
- Online Retail
Cold Brew Coffee Market: Regional Synopsis
The cold brew coffee market has a global presence, with companies operating in various regions around the world. The market is growing in all regions, although growth rates vary based on a number of factors, including consumer preferences, local competition, and market conditions.
In North America, the market is well-established, with a large number of companies operating in the region and a growing demand for cold brew coffee. The market in Europe is also growing, although at a slower pace compared to North America. In Asia Pacific, the market is still in the early stages of growth, but it is expected to grow rapidly in the coming years as more consumers adopt cold brew coffee and more companies enter the market.
In South America and Africa, the market is still in the early stages of growth, but there is significant potential for growth in these regions as the demand for specialty coffee continues to increase. The Middle East and North Africa region also has significant potential for growth, as the demand for specialty coffee is increasing and more companies are entering the market.
Cold Brew Coffee Market: Recent Developments
Introduction of new flavors: Companies are introducing new and innovative flavor options for cold brew coffee, such as chocolate, caramel, and fruit flavors. This is helping to attract new customers and keep existing customers engaged.
Expansion into new distribution channels: Companies are expanding their reach by entering new distribution channels, such as online retailers and convenience stores. This is helping to increase the visibility and accessibility of cold brew coffee, and drive growth in the market.
Increased focus on sustainability: Companies are focusing on sustainability and eco-friendliness, with many offering cold brew coffee in recyclable and compostable packaging. This is helping to appeal to consumers who are looking for products that align with their sustainability values.
Growing popularity of cold brew tea: Companies are also expanding into the cold brew tea market, which is growing in popularity among consumers looking for a healthy and refreshing alternative to traditional tea.
Emergence of new players: The market is attracting new players, including start-ups and small companies looking to capitalize on the growing demand for cold brew coffee. This is increasing competition in the market and driving innovation.
- Ting Hsin International Group
- The Coca-Cola Company
- UCC Ueshima Coffee
- Starbucks Corporation
- illy Caffe
- Luigi Lavazza
- Coffee Roasting Company Schreyogg
- Dunkin' Donut
- La Colombe
- Lucky Jack
- Black & Bold
- Califia Farms
- Others Major & Niche Key Players