Overview and Scope
Cold brew coffee is coffee steeped in water for several hours at either a cold or room temperature. Unlike hot brewing, this slow and low-temperature process creates a distinct flavor profile for the same type of coffee beans. Cold brew exhibits gentle hints of chocolate and a smooth, less acidic, fruity taste.
Sizing and Forecast
The cold brew coffee market size has grown exponentially in recent years. It will grow from $1.14 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 21.8%. The growth in the historic period can be attributed to changing consumer preferences, rise in coffee culture and specialty coffee shops, marketing and branding initiatives, health and wellness trends, convenience and ready-to-drink formats..
The cold brew coffee market size is expected to see rapid growth in the next few years. It will grow to $2.87 billion in 2028 at a compound annual growth rate (CAGR) of 20.0%. The growth in the forecast period can be attributed to innovative flavor variations, retail and e-commerce expansion, collaborations and partnerships, rising demand for non-dairy options, integration into culinary creations.. Major trends in the forecast period include innovative packaging solutions, cold brew infused with functional ingredients, celebrity and artisanal collaborations, influence of cold brew in culinary creations..
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Segmentation & Regional Insights
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, Supermarket and Hypermarket
North America was the largest region in the cold brew coffee market in 2023. The regions covered in the cold brew coffee market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in government initiatives toward promoting coffee production is likely to contribute to the growth of the cold brew coffee market during the forecast period. Government initiative refers to any measure done or to be implemented by any relevant administration, government entity, supervisor, or authority with jurisdiction. Government initiatives in coffee production involve a partnership between roasters and dealers on one side and coffee-growing communities on the other. For instance, in May 2022, Saudi Arabia’s Public Investment Fund (PIF) established the Saudi Coffee Company, a government-backed organization tasked with increasing the Kingdom’s coffee production. According to statistics, coffee consumption in Saudi Arabia increased by about 4% each year between 2016 and 2021 and is anticipated to increase by another 5% per year until 2026, reaching an annual consumption of 28,700 metric tons. The Saudi Arabian government and Saudi Arabia’s Public Investment Fund (PIF) initiated an initiative to promote coffee production by launching the Saudi Coffee Company as part of a SAR 1.2 billion ($320 million) investment to improve the country’s coffee sector and increase production from 300 to 2,500 metric tons per year. Therefore, the rise in government initiatives towards promoting coffee production is driving the cold-brew coffee market.
Key Industry Players
Major companies operating in the cold brew coffee market report are 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
The cold brew coffee market report table of contents includes:
1. Executive Summary
2. Cold Brew Coffee Market Characteristics
3. Cold Brew Coffee Market Trends And Strategies
4. Cold Brew Coffee Market – Macro Economic Scenario
5. Global Cold Brew Coffee Market Size and Growth
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31. Cold Brew Coffee Market Other Major And Innovative Companies
32. Global Cold Brew Coffee Market Competitive Benchmarking
33. Global Cold Brew Coffee Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cold Brew Coffee Market
35. Cold Brew Coffee Market Future Outlook and Potential Analysis
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