Cold Brew Coffee Market: Segmented By Product Type (Arabica based, Robusta based, Liberica based): By Category (Traditional and Decaf): By Distribution (Stored and non-stored Based): Global Analysis by Market size, share & trends for 2020-2021 and forecasts to 2031
Cold Brew Coffee Market to surpass USD 5951.67 million by 2031 from USD 650.5 million in 2021 at a CAGR of 24.78% within the coming years, i.e., 2021-31.
Cold Brew Coffee is a type of beverage that is set after coffee beans are left to soak in room temperature water for 24 hours at least. There are various methods used to brew coffee. Cold brew coffee has extensive availability as they are served through brands like Starbuck and Dunkin’ Donuts. The price of Cold Brew Coffee is higher than hot coffee as its preparation system requires planning from a day before. Cold Brew Coffee is a process of drenching coffee grounds at room temperature.
The Growth of the market is directly related to the demand for on-the-go beverages due to widespread promotional activities contribute the rise in Cold Brew Coffee Market. Together with rising in coffee consumption in developing states, rapid development, and growing demand for ice coffee drive the market for Cold Brew Coffee.
Cold Brew Coffee Market is segmented by Product type into Arabica based, Robusta based, Liberica based. The Arabica segment is projected to lead the global market in the forecast timeframe. Arabica has a wide range of health advantages such as anti-bacterial properties that maintain oral hygiene, lower the stress level, promote skin hydration, and many other benefits. All these components lift the Arabica Segment globally.
Expanding Customer Preference
Consumers are driving more towards Cold Brew Coffee as their preference is shifting towards beverages. Beverages are advanced versions of ice coffee. The rise in coffee consumption in developing states, rapid development, growing demand for ice coffee, and increasing distribution channel by prominent players are some factors that drive the growth of the Cold Brew Coffee Market.
Rise in Awareness
The rise in consumer responsiveness for coffee beans, rapidly growing health concerns among people, rise in consumer expenditure on more expenditure coffee beverages along with increasing popularity of Cold brew are other significant factors expanding the cold brewing coffee Market over the forecast timeframe period.
Use of Chemicals
These days more Cold Brew Coffee filled with nitrogen has entered the market as manufacturers are developing innovative packaging to package the premium coffee beverage. They are rich in preservatives and chemicals which act as a restraint in the market. Many customers are still not highly involved with Cold-brew Coffee.
The world market for Cold Brew Coffee Market has been severely affected by the outbreak of the COVID19 pandemic. The suspension of industrial activity affected the Cold Brew Coffee Market due to weak consumer confidence, store closures, and depletion of consumer incomes. Global GDP has changed consumer behavior and reduced demand for Cold Brew Coffee. To curb the spread of the coronavirus, the governments of several countries have imposed travel restrictions that severely affect the supply of raw materials for coffee makers. The market is projected to resume its business after the end of the curbs-on movement.
1 DegreeC Pte. Ltd. (Singapore)
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Cold Brew Coffee Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America is estimated to contribute the largest share of the Cold Brew Coffee Market during the forecast period. The North American market holds a major share of the global market. The market in the region is projected to register the highest CAGR of 16.62% during the forecast period. Key producers in North America are mounting their portfolios by introducing cold brew coffees charged with nitrogen. This, in turn, drives the growth of the market in the region.
|Market size value in 2021||USD 650.5 million|
|Revenue forecast in 2031||USD 5951.67 million|
|Growth Rate||CAGR of 24.78% from 2021 to 2031|
|Base year for estimation||2021|
|Quantitative units||Revenue in USD million and CAGR from 2021 to 2031|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Product Type, Distribution, Category, and Region|
|Region scope||North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)|
|Key companies profiled||ZoZozial Coffee Roaster Aps (Denmark), Venice Cold Brew, LLC (US), Grady’s Cold Brew (US), Station Cold Brew Company (Canada), Starbucks Corporation (US), Sandows London Limited, Red Thread Coffee Company (US), Wandering Bear Coffee (US), Nestle S.A. (Switzerland), Califia Farms LP (US), JAB Holding Company Luxembourg, Lucky Jack, LLC (US)|
The Cold Brew Coffee Market size was estimated at USD 650.5 billion in 2021 and is expected to reach USD 5951.67 billion in 2031.
Key players: ZoZozial Coffee Roaster Aps (Denmark), Venice Cold Brew, LLC (US), Grady’s Cold Brew (US), Station Cold Brew Company (Canada), Starbucks Corporation (US), Sandows London Limited, Red Thread Coffee Company (US), Wandering Bear Coffee (US), Nestle S.A. (Switzerland), Califia Farms LP (US), JAB Holding Company Luxembourg, Lucky Jack, LLC (US)
Arabica segment are anticipated to hold the largest Cellular M2M Market
Drivers: Expanding Customer Preference and Rise in Awareness
Cold Brew Coffee is a type of beverage that is set after coffee beans are left to soak in room temperature water for 24 hours at least. There are various methods used to brew coffee. Cold brew coffee has extensive availability as they are served through brands like Starbuck and Dunkin’ Donuts.
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