Cold Brew Coffee Market 2019: Consumer Demand, Growth, Business Opportunities, Emerging Trends, Consumption, Segments and Global Industry Forecast 2023

Cold Brew Coffee Market Global Research Report Information by Type (Arabica, Robusta and others), Category (Traditional, Decaf and others), Form (Beans, Grounds, Pods and others), Distribution Channel (Store-Based and Non-Store-Based) and Region - Forecast till 2023

Pune, India - July 16, 2019 /MarketersMedia/ —

Market Highlights

The rising demand for organic and flavored coffee is propelling market players to introduce such variants to their product portfolios.

Key Players

Some of the key players in the global cold brew coffee market are Nestlé S.A. (Switzerland), The Coca-Cola Company (US), UCC Ueshima Coffee Co., Ltd. (Japan), Starbucks Corporation (US), Kohana Coffee, LLC (US), Luigi Lavazza S.p.A (Italy), Caffè d'Italia (Italy), illycaffè S.p.A. (Italy), Keurig Dr Pepper, Inc. (US), Jacobs Douwe Egberts (Netherlands), and The J.M. Smucker Company (US).

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Segmentation:

The Global Cold Brew Coffee Market has been segmented based on type, category, form, distribution channel, and region.

Based on type, the global cold brew coffee market has been segmented into arabica, robusta, and others. The arabica segment gained the largest market share in 2018 owing to the high sales volume among retail consumers. Moreover, arabica is the most popular type of coffee and is known for its low caffeine content. Increasing concerns regarding high caffeine intake are one of the major factors driving the adoption of arabica coffee worldwide. However, the robusta segment is expected to register the highest CAGR during the forecast period as the price of robusta coffee is lower than that of arabica coffee. Robusta coffee grows more rapidly as compared to the arabica and, as a result, its production volume is exceptionally high. Due to the high production of robusta coffee, the price of the products is low, which drives sales of robusta coffee.

The global cold brew coffee market has been segregated, by category, into traditional, decaf, and others. The traditional segment is expected to lead the global cold brew coffee market during the assessment period due to the high availability and demand for traditional coffee. However, the decaf segment is expected to register the highest growth rate during the forecast period owing to the rising awareness regarding the health benefits of consuming decaffeinated coffee. Thus, market players have started offering decaffeinated cold brew coffee.

Based on form, the global cold brew coffee has been segmented into beans, grounds, pods, and others. The grounds segment is projected to garner the largest and fastest growing during the forecast period as ground coffee is very popular for its convenience. Ground coffee is processed by grinding the whole coffee bean, which offers convenience and ease of brewing. Moreover, the consistency and uniformity of ground coffee is a vital factor for the growth of the segment.

The global market for cold brew coffee has also been classified, by distribution channel, as store-based and non-store-based. The store-based segment is projected to gain the larger share of the global cold brew coffee market due to the widespread availability of cold brew coffee in convenience stores. However, the non-store-based segment is expected to register a higher CAGR during the forecast period due to the rising use of e-retail for cold brew coffee sales.

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Regional Analysis

Based on region, the global cold brew coffee market has been segmented into North America, Europe, Asia-Pacific, and rest of the world.

Europe is expected to account for the largest revenue share of the global cold brew coffee market due to the increasing consumption of coffee in the region. Moreover, the region is home to several players active in the cold brew coffee market.

The market in Asia-Pacific is expected to register the highest growth rate during the forecast period as market players are expanding their operations in the region.

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Source URL: https://marketersmedia.com/cold-brew-coffee-market-2019-consumer-demand-growth-business-opportunities-emerging-trends-consumption-segments-and-global-industry-forecast-2023/88897265

Source: MarketersMedia

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