Cold Brew Coffee Market Size, Share & Trends Analysis Report By Preparation Mode (Drip Coffee Makers, Single Cup Brewers, Cold Brewing, Espresso, Others), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030
Cold Brew Coffee Market Size, Share & Trends Analysis Report By Preparation Mode (Drip Coffee Makers, Single Cup Brewers, Cold Brewing, Espresso, Others), By Distribution Channel, By Region, And Segment Forecasts, 2024 - 2030
Cold Brew Coffee Market Growth & Trends
The global cold brew coffee market size is expected to reach USD 1,751.6 million by 2030, registering a CAGR of 19.9% from 2024 to 2030, 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.
Cold Brew Coffee Market Report Highlights
Company-owned outlets accounted for the largest market revenue share in 2023. These outlets have the ability to maintain strict control over the brand image, product quality, and customer experience.
Online distribution channel is expected to register the fastest CAGR during the forecast period. Online platforms allow customers to purchase cold brew coffee from the comfort of their homes or workplaces without visiting physical stores.
North America region dominated the market in 2023 with a revenue share of 71.4%. Coffee shops and cafes have become prevalent social hubs where people gather to work, relax, and socialize.
Asia Pacific cold brew coffee market is expected to witness the fastest CAGR over the forecast period. Coffee shops and cafes have become prevalent social hubs where consumers gather to socialize, work, and relax.
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