IMARC Group, a leading market research company, has recently releases report titled “Cold Brew Coffee Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the cold brew coffee market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
What is the Prediction for the market of Cold Brew Coffee?
Report Attributes
Details
Market Size in 2022
US$ 1.2 Billion
Market Forecast in 2028
US$ 4.2 Billion
Growth rate (2023 to 2028)
CAGR of 23.9%
Base Year of the Analysis
2022
Forecast Period
2023-2028
What is Cold Brew Coffee?
Cold brew coffee is a method of brewing coffee that involves steeping coffee grounds at room temperature or cold water for an extended period, usually 12 to 24 hours. This process results in a coffee concentrate that can be diluted with water or milk and served over ice. The cold brewing method extracts the coffee's flavor compounds differently than hot brewing techniques, often yielding a beverage that is less acidic and bitter. This smooth, full-bodied taste is making cold brew coffee increasingly popular. The concentrate can also be stored in the refrigerator for up to two weeks without losing its fresh flavor, providing a convenient option for those who enjoy iced coffee regularly. In essence, cold brew coffee offers a unique, refreshing alternative to traditional hot-brewed coffee.
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What Are the Growth Prospects and Trends in the Cold Brew Coffee Market?
Changing consumer preferences represents one of the key factors driving the growth of the cold brew coffee market across the globe. This, coupled with lifestyle habits is acting as a major growth-inducing factor. There's a growing trend towards non-alcoholic beverages and a general increase in coffee consumption, particularly among millennials. Cold brew coffee, with its unique flavor and refreshing nature, has gained popularity, especially in warm weather regions and during summer seasons. The perception of cold brew coffee as a premium, artisanal product also appeals to consumers' desires for high-quality, gourmet food and drink experiences. Moreover, the relatively higher caffeine content of cold brew coffee compared to regular coffee caters to those seeking a more potent energy boost. The market is also driven by the rising demand for cold brew coffee among health-conscious consumers due to its lower acidity levels, which makes it a gentler option for people with sensitive stomachs or acid reflux issues. Furthermore, the rise in veganism and plant-based diets is leading to an increased demand for cold brew coffee as it pairs well with non-dairy milks like almond, soy, and oat which is creating a positive outlook for the market across the globe.
Who Are the Key Players Operating in the Cold Brew Coffee Industry?
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Califia Farms LLC
- Grady's Cold Brew Inc.
- Heartland Food Products Group
- High Brew Coffee Inc.
- Illycaffè S.p.A. (Gruppo illy Spa)
- Kohana Coffee
- La Colombe Coffee Roasters
- Luigi Lavazza S.p.A. (FinLav S.p.A)
- Nestlé S.A.
- RISE Brewing Co.
- Sleepy Owl Coffee
- The Coca-Cola Company.
What is Included in Market Segmentation?
The report has categorized the market based on type, category and distribution channel.
Breakup by Type:
- Arabica
- Liberica
- Robusta
Analyzed by Category:
- Traditional
- Decaf
Based on Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Stores
- Others
Regional Analysis:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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