Global Cold Brew Coffee Market share is expected to increase by USD 3110.95 million by 2028, at a CAGR of 26.79%

Market Insights
According to the latest research published by SkyQuest Technology, the global cold brew coffee market was valued at USD 660.14 million in 2021, and the market size is estimated to reach USD 3110.95 million by 2028, at a CAGR of 26.79% over the forecast period (2022-2028). The research provides up-to-date analysis of the market that primarily includes current market landscape, latest trends, drivers, and overall market environment.

Cold brewing is a method of preparing coffee that includes soaking ground coffee beans in water at room temperature for around 20 hours. What makes cold brew so unusual is the concentration of the coffee following the brewing process. This is the quickest and most affordable way to make coffee. More than 20 hours are needed to brew the coffee. Customers are switching to cold brew coffee due to its many benefits, including its smoother, less acidic, naturally sweeter, and fruitier flavour, which is fostering the growth of the global sector. Demand for cold brew coffee is increasing thanks to millennials and generation Z, who are more likely to experiment with novel coffee flavours. This is anticipated to boost the growth of the global cold brew coffee market.

Also, the rising RTD (Ready to Drink) beverage penetration and rising acceptance among professionals who lead busy lives, is pushing the global cold brew coffee market forward. In the US market, for instance, StarBucks' introduction of cold brew pitcher coffee packs and other cold brew products considerably raised consumer awareness of cold brew coffee products, which in turn aided in the global cold brew coffee market expansion.

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During the COVID-19 pandemic, Global cold brew coffee market leading producers successfully accepted the pandemic situation and implemented a number of measures that may keep them resilient. The main advertising strategies used by these businesses to maintain consistent global sales are efficient marketing and beautiful packaging. As a result, despite the epidemic crisis, the global sector continues to observe sustained demand.

Arabica sector may account for majority of the global cold brew coffee market

The arabica industry is anticipated to dominate the global cold brew coffee market by the end of 2028. Due to its distinct and mild flavour, Arabic coffee beans are frequently used in cafés to prepare cold brew coffee. Additionally, it has several positive health effects, such as anti-bacterial properties that keep the mouth healthy, lower stress, boost metabolism, and promote skin hydration. The segment's growth ought to be accelerated by these factors. The accessibility of several Arabica-based cold brew coffee varieties, including Typica, Caturra, Kona, Pacamara, Villalobos, and others, further supports global cold brew coffee market expansion.

Company-owned outlets are predicted to hold the significant share in the sales of global cold brew coffee market
The company-owned shops are anticipated to hold the large share in the sales of cold brew coffee due to the growing consumer preference for freshly created food and beverage products. Growing awareness of the negative health effects of bottled drinks with preservatives is expected to lead to an increase in sales through company-owned stores. As there are more retail locations, it is projected that global cold brew coffee market sales would rise. Additionally, it is anticipated that sales in supermarkets and hypermarkets would increase as a result of the discounts offered for purchasing cold brew coffee in bulk, as well as the product's attractive placement on various shelves or in the refrigerator. Businesses including Starbucks, RISE Brewing Co., and Dr Pepper are concentrating on growing their customer bases.

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Read the market research report, "Global Cold Brew Coffee Market By Beans Type (Arabica, Robusta, Liberica), By Distribution Channel (Company Owned Outlets, Supermarkets/Hypermarkets, Online Retail Stores, Others) & By Region-Forecast and Analysis 2022-2028" by SkyQuest

Asia Pacific is expected to register the highest CAGR from 2022 to 2028 due to growing product demand, especially in India, China, and Japan
The Asia Pacific cold brew coffee industry is anticipated to grow significantly in the future. According to projections, the market would expand due to the region's rapid urbanisation and customers' increasing spending power. As café culture becomes more and more prevalent, it is anticipated that cold brew coffee consumption will rise. The big companies are expanding their consumer base in Asia Pacific as a result of the introduction of new products. For example, Nescafe declared that its new Cold Brew Coffee bottles would arrive in Thailand in January 2020. There are two flavours of the product: black and latte.

Cold Brew Coffee Market Has Become Highly Competitive
The major players in the global cold brew coffee market such as HighBrewCoffee, Kohana Coffee, La Colombe Coffee Roasters, Nestle SA, Heartland Food Products Group have been prompted by the rising popularity of cold brew coffee to develop even more unique flavours in order to draw in more customers. Some of the key factors driving the robust market expansion globally are the rising sales in developing nations, the rapid urbanisation, and companies' increasing attention on increasing their online presence.

The report published by SkyQuest Technology Consulting on global cold brew coffee market provides in-depth qualitative insights, historical data, and verifiable projections. The projections featured in the report have been derived using proven research methodologies and assumptions.

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Key Dynamics in Cold Brew Coffee Market
Drivers:
Benefits of Cold Brew Coffee Over Hot Coffee Will Offer Vast Growth Opportunities
Coffee is usually the first beverage consumed in the morning and provides many individuals with the energy they need to get through the day
Restraints:
The Arabica coffee species is under threat as a result of climate change's increased temperatures and irregular rainfall patterns
Darker blends need a specific kind of roaster, which frequently needs to be bought and added to the manufacturing process.

What does this Report Deliver?
Market Estimation for 20+ Countries
Global Cold Brew Coffee Market demand by Region, Sub-Region, and Country
Customization on Segments, Regions, and Company Profiles
100+ tables, 150+ Figures
Global, Regional, and Country specific Cold Brew Coffee Market Trends
Comprehensive Mapping of Non-fungible tokens Industry Parameters
Attractive Investment Proposition in the Global Non-fungible tokens Industry
Competitive Strategies Adopted by Cold Brew Coffee Market Key Players
Drivers, Restraints, Opportunities, Challenges, and the impact on the Cold Brew Coffee Market Size
Market growth rate till 2028
Regulatory scenario, regional dynamics, and Cold Brew Coffee Market insights of leading countries in each region
In-depth Market insights by Region and Country
Market Segmentation Trend Analysis, Opportunities, and Growth
Porter's five force analysis to know the market's condition
Pricing Analysis and Cold Brew Coffee Market Sales
Parent market analysis
Product portfolio benchmarking

SkyQuest has segmented the Global Cold Brew Coffee Market based on Bean Type, Distribution Channel, and Region:
Global Cold Brew Coffee Market by Beans Type (Revenue, USD Billion, 2022-2028)
Arabica
Robusta
Liberica
Global Cold Brew Coffee Market by Distribution Channe; (Revenue, USD Billion, 2022-2028)
Company Owned Outlets
Supermarkets/Hypermarkets
Online Retail Stores
Others
Global Cold Brew Coffee Market by Region (Revenue, USD Billion, 2022-2028)
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
China
India
Japan
Rest of Asia Pacific
Central & South America
Brazil
Rest of CSA
Middle East & Africa
GCC Countries
South Africa
Rest of MEA

Key Players in the Global Cold Brew Coffee Market
Califia Farms LP (US)
JAB Holding Company (Luxembourg)
Lucky Jack LLC (US)
High Brew Coffee (US)
La Colombe Torrefaction Inc. (US)
Groundwork Coffee Company Inc. (US)
KonaRed Corp (US)
Slingshot Coffee Co. (US)
Seaworth Coffee Co. (US)
ZoZozial Coffee Roasters ApS (Denmark)
Grady's Cold Brew (US)
Station Cold Brew Company (Canada)
Starbucks Corporation (US)
Sandows London Limited (UK)
Red Thread Coffee Co. (US)
Wandering Bear Coffee (US)
Nestlé S.A. (Switzerland)

About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

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This release was published on openPR.