What Has Been the Growth Trajectory of the Cold Brew Coffee Market?
The cold brew coffee market has seen considerable growth due to a variety of factors.
•The size of the cold brew coffee market has experienced rapid expansion in the past few years. The projected growth will see it rise from $1.38 billion in 2024 to $1.69 billion in 2025, reporting a compound annual growth rate (CAGR) of 21.8%.
The previous growth can be linked to evolving consumer tastes, the growth of coffee culture and specialty coffee outlets, effective marketing and branding strategies, health and fitness fads, as well as the convenience and popularity of ready-to-drink options.
What Does the Future Hold for the Cold Brew Coffee Market?
The cold brew coffee market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the cold brew coffee market is forecasted to experience significant expansion, with its size projected to reach $3.43 billion by 2029, realizing a compound annual growth rate (CAGR) of 19.4%.
Expected growth during the forecast period can be credited to aspects such as the advent of novel flavor variants, the proliferation of retail and digital commerce, alliances and agreements, the increased consumer preference for non-dairy alternatives, and incorporation into culinary delicacies. Key trends anticipated during the forecast period encompass inventive packaging methods, the inclusion of functional ingredients in cold brew, collaborations with celebrities and artisanal brands, and the impact of cold brew on gastronomic inventions.
What Are The Leading Drivers Of Growth In The Cold Brew Coffee Market?
Strides implemented by government officials to boost coffee production are anticipated to substantially fuel the growth of the cold brew coffee market throughout the predicted timeline. These initiatives refer to any action taken or proposed by an administrative entity, governmental institution, overseer, or authority with jurisdiction. Such initiatives with regards to coffee production typically involve collaboration between coffee roasters, distributors, and coffee-growing communities. An example of this is the establishment of the Saudi Coffee Company by Saudi Arabia's Public Investment Fund (PIF) in May 2022, with the objective to enhance the nation's coffee production. As per data, there was about a 4% increase each year in coffee consumption in Saudi Arabia from 2016 and 2021, and it is expected to rise further by 5% per year through to 2026, ending in an annual consumption of approximately 28,700 metric tons. As part of an investment of SAR 1.2 billion ($320 million), the Saudi Arabian government and the Saudi Arabia's Public Investment Fund (PIF) launched the Saudi Coffee Company to foster coffee production and escalate production from 300 to 2,500 metric tons annually. It's clear, therefore, that this increasing engagement from governments in promoting coffee production is propelling the growth of the cold-brew coffee market.
How Are The Segments Defined Within The Global Cold Brew Coffee Market?
The cold brew coffee market covered in this report is segmented –
1) By Product: Arabica-Based Cold Brew Coffee, Robusta-Based Cold Brew Coffee, Liberica-Based Cold Brew Coffee
2) By Category: Traditional, Decaf
3) By Distribution Channel: Company-owned outlets, Convenience Stores, Online, Super market And Hyper market
Subsegments:
1) By Arabica-Based Cold Brew Coffee: Single-Origin Arabica, Blended Arabica, Flavored Arabica Cold Brew
2) By Robusta-Based Cold Brew Coffee: Single-Origin Robusta, Blended Robusta, Flavored Robusta Cold Brew
3) By Liberica-Based Cold Brew Coffee: Single-Origin Liberica, Blended Liberica, Flavored Liberica Cold Brew
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How Are New Trends Expected To Influence The Growth Of The Cold Brew Coffee Market?
The rising trend of product innovation has become notable in the cold-brew coffee market. Major firms involved in cold brew coffee production are introducing new products to fortify their market dominance. A case in point is the January 2023 launch of a new espresso blend cold brew by SToK Cold Brew, a renowned American cold brew coffee company. The carefully brewed blend delivers pleasant hints of chocolate, brown sugar, caramel, dried fruit, and nuts. It is the ideal cold brew for those who won't let frosty temperatures or any other obstacle interfere with their beverage preference.
Who Are the Key Players in the Cold Brew Coffee Market?
Major companies operating in the cold brew coffee market include:
• Nestle S.A.
• The Coca-Cola Company
• Starbucks Corporation
• Heartland Food Products Group
• Red Thread Coffee Co.
• Califia Farms LLC
• La Colombe Coffee Roasters
• Stumptown Coffee Roasters
• Verve Coffee Roasters
• UCC Ueshima Coffee Co. Ltd.
• Stone Creek Coffee Roasters
• The New Orleans Coffee Co.
• Kohana Coffee LLC
• High Brew Coffee
• The J.M. Smucker Company
• Chameleon Cold-Brew
• Toddy LLC
• Venice Cold Brew LLC
• Slingshot Coffee Co.
• Cove Coffee Co.
• Dope Coffee Roasters
• Gambino Coffee
• Lucky Jack LLC
• RISE Brewing Co.
• Seaworth Coffee Co
• Station Cold Brew Coffee Co.
• Sunup Green Coffee LLC
• ZoZozial Coffee Roasters ApS.
• Grady's Cold Brew
• Wandering Bear Coffee
What Is The Most Dominant Region In The Cold Brew Coffee Market?
North America was the largest region in the cold brew coffee market in 2024. The regions covered in the cold brew coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
