Cold Brew Coffee Market Size, Share, Growth, Trends and Industry Statistics Report
by Susan Hill Business ConsultantThe global cold brew coffee market size is expected to reach
USD 1.63 billion by 2025 registering a CAGR of 25.1%, according to a new report
by Grand View Research, Inc. Popularity of artisanal and premium products along
with changing consumer demands has opened up growth opportunities for the
global market. Innovations in RTD coffee category due to rising demand for
specialty products is also driving the market.
Along with the original pioneers, such as Stumptown,
Grady’s, and Chameleon Cold Brew, many foodservice artisans and craft coffee joints
launched cold brew versions, such as Peet’s Coffee and Tea, Dunkin’ Donuts, and
Starbucks, thereby spurring the growth of the global market. Company owned
stores segment held the largest market share of more than 50% in 2018 due to
consumer preference for specialty coffees. For instance, RISE Brewing Co. had
remarkable success in establishing a market position through their specialty
channels and independent stores.
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Further key findings from the report suggest:
- Company owned outlets was the largest distribution channel segment
in 2018 and is projected to expand further at a healthy CAGR from 2019 to
2025
- The online channels segment is estimated to witness the fastest CAGR
of 26.4% over the forecast period
- North America was the largest regional market in 2018 primarily
driven by U.S. due to higher spending power of consumers and their
preference for coffee over other beverages
- Asia Pacific is expected to register the highest CAGR of 29.4% from
2019 to 2025 due to high demand for cold brew
- Some of the key companies in the cold brew coffee market include
Califia Farms, JAB Holding Company, HighBrewCoffee, Kohana Coffee, Nestlé,
La Colombe Torrefaction, Starbucks, RISE Brewing Co., Sleepy Owl, and
Heartland Food Products Group
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full research report on global cold brew coffee market:
www.grandviewresearch.com/industry-analysis/cold-brew-coffee-market
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Created on Nov 5th 2019 06:09. Viewed 423 times.