South America Ready-to-Drink (RTD) Coffee Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

South America Ready-to-Drink (RTD) Coffee Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The South America Ready-to-Drink (RTD) Coffee Market is projected to grow at a CAGR of 2.9% during the forecast period.

Key Highlights

• The demand for ready to drink beverages has witnessed growth owing to the busy lifestyle and coffee being an excellent source of energy is gaining popularity amongst youngsters as well as working population.
• Ready-to drink coffee can be considered as a healthy substitute for drinks that can cause health hazards such as obesity and hypertension. The RTD coffee provides convenience by utilizing either brewed coffee or coffee extract that can be consumed in hot and cold form.
• Manufacturers are also focusing on new product development with different flavors as a key strategy to expand their business and improve sales and distribution of RTD coffee.

Key Market TrendsBottled RTD Coffee Gaining Attention

Consumers are more inclined towards the attractive packaging and therefore the beverage manufacturers are focusing on packaging innovation. Glass bottles and pet bottles are widely used around the world. However, pet bottles are more preferred as these aids in improving shelf life and preservation apart from being available in economy formats. Pet bottles are manufactured in such a way that the consumers can either heat or cool the beverage according to the requirements. These bottles are also available in convenient 'grab and go' sizes. Moreover, the cap over the bottles also paly an important role in maintaining the freshness and aroma of drinks.

Brazil Dominates the Market

Brazil is the biggest coffee producer worldwide and the second greatest consumer after the United States. Improving economic conditions in Brazil are expected to generate two-thirds of the total Latin American coffee consumption growth. There has also been a general rise in demand for specialty and more premium coffees such as origin-specific coffees. Due to the presence of more choices and fewer restrictions in choosing the best coffee are helping in the opening of specialty stores. The consumer behavior is also changing with the availability of different types of coffee with a sophisticated coffee taste profile is further helping the ready to drink coffee market to grow during the forecast period.

Competitive Landscape

South America Ready-to-Drink (RTD) Coffee Market is consolidated and the major players include Starbucks Corporation, The Coca-Cola Company, Chameleon Cold Brew, Fit Brewing Co. LLC. The key strategies adopted by these market players are that of focusing on the expansion of new facilities and launching new products and services.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Starbucks Corporation
The Coca
Cola Company
Death Wish Coffee Co.
Chameleon Cold
Brew
Monster Beverage Co
Fit Brewing Co., LLC

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