Ready to Drink Coffee Market Size & Growth Report 2024-2032

According to the report by Expert Market Research (EMR), the global ready to drink coffee market size reached a value of USD 26.18 billion in 2023. Aided by the growing coffee culture and rising demand for convenient food and beverages, the market is projected to grow at a CAGR of 7.90% between 2024 and 2032.

Ready-to-drink coffee is a pre-packaged, convenient beverage that requires no preparation before consumption. Available in various flavours and formats, including cans, bottles, and cartons, ready to drink coffee has gained immense popularity among busy consumers seeking a quick caffeine fix. Its broad appeal and ease of use have led to widespread adoption across all demographics.

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The fast-paced modern lifestyle has driven consumers towards convenient and time-efficient food and beverage options. Ready to drink coffee, being pre-brewed and packaged for immediate consumption, perfectly aligns with this trend, contributing to robust ready to drink coffee market growth.

Global coffee consumption is on the rise, driven by a growing middle class in emerging markets and changing consumer preferences. Ready to drink coffee, with its variety of flavours and caffeine levels, appeals to a broad range of consumers, from occasional drinkers to coffee enthusiasts.

Ready to drink coffee products, particularly those offering functional benefits like protein or antioxidants, cater to health-conscious consumers. Brands that emphasise organic ingredients, low sugar, and nutritional value are gaining traction, leading to ready to drink coffee market expansion.

Manufacturers are continually innovating with new flavours, formulations, and packaging designs. From dairy-free alternatives to specialty cold brews, this diversity is expanding the market reach and attracting new consumer segments.

Bottles play a significant role in the ready to drink coffee market due to their convenience for consumers and cost-effectiveness for manufacturers. Additionally, bottles are capable of preserving flavours better and can be sealed with a cap, allowing consumers to enjoy the coffee at their own pace. Prominent coffee brands have embraced PET bottles for their ready to drink coffee products. PET bottles are known for their extended shelf life and are available in various sizes, including larger options for home consumption. While some manufacturers still utilize cans for certain coffee varieties that require shaking before consumption, cans still maintain a respectable share in the market.

With increasing environmental awareness, brands are adopting eco-friendly packaging to appeal to conscious consumers. Sustainable packaging solutions, including recyclable and biodegradable materials, are expected to become the industry norm. Moreover, as consumer preferences evolve, there is a growing market for premium ready to drink coffee products. Specialty brews, origin-specific beans, and artisanal preparations are drawing coffee aficionados and creating a niche segment within the broader market.

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As per the ready to drink coffee market analysis, emerging markets in Asia-Pacific, Latin America, and the Middle East hold significant growth potential due to rising disposable incomes, urbanisation, and expanding consumer awareness. The Asia Pacific region is a significant market for ready-to-drink coffee, driven by the increasing coffee culture, preference for on-the-go coffee consumption, and the availability of ready-to-drink coffees from major brands. With busy lifestyles and a limited number of coffee shops in the region, ready-to-drink coffee is gaining popularity as it offers convenience and affordability compared to coffee shops. Cold brew coffees and flavoured coffees are particularly favoured by consumers in the Asia Pacific. On the other hand, North America is expected to have a substantial share in the ready to drink coffee market due to the widespread preference for coffee and growing cost-consciousness. As coffee shop prices continue to rise, more consumers are opting for ready-to-drink coffee.

Ready to Drink Coffee Market Segmentation

The market can be divided based on the packaging, product type, distribution channel, and region

Market Breakup by Packaging

Bottles
Cans
Others

Market Breakup by Product Type

Cold Brew Coffee
Other RTD Coffee

Market Breakup by Distribution Channel

Supermarkets and Hypermarkets
Specialty Stores
Online
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global ready to drink coffee market. Some of the major players explored in the report by Expert Market Research are as follows:

Nestlé S.A.
The Coca-Cola Company
Asahi Group Holdings Ltd
Lotte Chilsung Beverage Co.,Ltd.
Arla Foods Group
Others

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