Global Cold Brew and Hot Brew Coffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cold Brew and Hot Brew Coffee Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The key difference between the two is the brewing. Iced coffee is brewed normally first and then cooled down. This process results in a different flavor outcome, especially as iced coffee still has the bite that regular coffee offers. In terms of health benefits, iced coffee would end up being most similar to hot brewed coffee – because the brewing method is the same.

Market Overview:

The latest research study on the global Cold Brew and Hot Brew Coffee market finds that the global Cold Brew and Hot Brew Coffee market reached a value of USD 27105.4 million in 2022. It’s expected that the market will achieve USD 35148.37 million by 2028, exhibiting a CAGR of 4.43% during the forecast period.

Drivers

Expanding consumer preference for unique coffee beverages, the rise in coffee consumption in developing countries, rapid urbanization, increasing demand for iced coffee, and growing distribution channel by prominent players are some of the primary factors driving the growth of the global cold brew and hot brew coffee market.

Asia Pacific has emerged as a major revenue contributor to the global coffee market, supported by increased out of home coffee consuming population and increased revenue generated by supply of coffee products via online medium & shipments by various Asia Pacific coffee producing countries including India, Malaysia, Vietnam & Philippines.

What is more, the consumers are shifting towards cold brewing coffee owing to its smoother, less acidic taste, naturally sweeter, and fruitier flavor. Moreover, the coffee shops are benefiting from inclining consumers interest in premium ready-to-drink coffee, cold brew, albeit pricier, and specialty coffee beverages. Today, more cold brewing coffee filled with nitrogen have entered the market as manufacturers are developing innovative packaging to package the premium coffee beverage.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Starbucks is one of the major players operating in the Cold Brew and Hot Brew Coffee market, holding a share of 50.35% in 2018.

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates through U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Foodservice segments. The company primarily offers coffee, pet food products, pet snacks, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, frozen sandwiches, flour and baking ingredients, juices and beverages, and portion control products. It also provides pet premium products, dog snacks, ice cream toppings, pickles, and canned milk. The company offers its products primarily under the Folgers, Dunkin’ Donuts, Café Bustelo, Folgers Gourmet Selections, Jif, Smucker’s, Crisco, Pillsbury, Meow Mix, Milk-Bone, Natural Balance, Kibbles ‘n Bits, 9Lives, Pup-Peroni, Nature’s Recipe, Robin Hood, Five Roses, and Douwe Egberts brands.

Segmentation Overview:

Among different product types, Hot Brew segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Restaurant segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cold Brew and Hot Brew Coffee market covered in Chapter 3:

Lavazza Coffee
Tim Hortons
Sandows
McCafe
Nestle
The J.M. Smucker Company
Peet's
Starbucks
Tchibo Coffee
Caribou Coffee
Costa Coffee

In Chapter 4 and Chapter 14.2, on the basis of types, the Cold Brew and Hot Brew Coffee market from 2018 to 2029 is primarily split into:

Cold Brew
Hot Brew

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cold Brew and Hot Brew Coffee market from 2018 to 2029 covers:

Home
Office
Restaurant
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)