According to the report by Expert Market Research (EMR), the global cold brew coffee market size is projected to grow at a CAGR of 22.70% between 2024 and 2032. Aided by the dynamically evolving world of coffee consumption, the market is expected to grow significantly by 2032.
Cold brew coffee, known for its smooth, rich flavour and reduced acidity compared to traditional hot brewed coffee, is prepared by steeping coffee grounds in cold or room temperature water for an extended period. This brewing method not only enhances the taste but also brings out unique flavour compounds, making it a popular choice among coffee enthusiasts.
The cold brew coffee market growth is fuelled by a multitude of factors. The foremost among them is the rising consumer inclination towards specialty coffee beverages, with cold brew coffee standing out due to its distinct preparation method and flavour profile. This trend is particularly strong among millennials and Gen Z consumers, who are continually seeking novel and high-quality coffee experiences.
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Additionally, the increasing awareness of the health benefits associated with cold brew coffee, such as its lower acidity and higher antioxidant content, is contributing to its growing popularity. These health benefits make cold brew coffee an appealing option for consumers looking for healthier beverage alternatives.
The expansion of coffee culture globally, coupled with the rise of café chains offering cold brew options, has also played a significant role in popularising this coffee variant. Furthermore, the ease of preparation and the possibility of creating ready-to-drink (RTD) cold brew coffee products have made it a convenient choice for both home brewers and commercial manufacturers.
The market is geographically diverse, with significant demand stemming from regions such as North America, Europe, Asia-Pacific, and others. North America, particularly the United States, is accounting for a significant portion of the cold brew coffee market share, driven by a strong café culture and high consumer spending on specialty coffee beverages. Europe and Asia-Pacific are also showing promising growth, attributed to the increasing penetration of western coffee trends and the growing café industry in these regions.
Looking forward, the cold brew coffee market demand is expected to maintain its growth trajectory, driven by the ongoing popularity of specialty coffee and evolving consumer preferences. Innovations in product offerings, such as flavoured cold brews, nitrogen-infused variants, and sustainable packaging solutions, are anticipated to further fuel market growth.
Cold Brew Coffee Market Segmentation
The market can be divided based on type, distribution channel, and region.
Market Breakup by Type
- Arabica-based Cold Brew Coffee
- Robusta-based Cold Brew Coffee
- Liberica-based Cold Brew Coffee
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Company-Owned Outlets
- Convenience Stores
- Online Stores
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Cold Brew Coffee Market
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 the global cold brew coffee market. Some of the major players explored in the report by Expert Market Research are as follows:
- Califia Farms, LLC
- Sleepy Owl Coffee
- HighBrewCoffee
- Kohana Coffee
- Rise Brewing Co.
- Others
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