According to a report,“Cold Brew Coffee Market Size, Share & Trends Analysis Report By Distribution Channel (Supermarkets & Hypermarkets, Company Owned Outlets, Convenience Stores, Online), By Region, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc.,
Popularity of artisanal and premium products along with changing consumer demands has opened up growth opportunities for the global market. Innovations in RTD coffee category due to rising demand for specialty products is also driving the market.
Along with the original pioneers, such as Stumptown, Grady’s, and Chameleon Cold Brew, many foodservice artisans and craft coffee joints launched cold brew versions, such as Peet’s Coffee and Tea, Dunkin’ Donuts, and Starbucks, thereby spurring the growth of the global market.Company owned stores segment held the largest market share of more than 50% in 2018 due to consumer preference for specialty coffees. For instance, RISE Brewing Co. had remarkable success in establishing a market position through their specialty channels and independent stores.
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Further key findings from the study suggest:
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Company owned outlets was the largest distribution channel segment in 2018 and is projected to expand further at a healthy CAGR from 2019 to 2025
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The online channels segment is estimated to witness the fastest CAGR of 26.4% over the forecast period
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North America was the largest regional market in 2018 primarily driven by U.S. due to higher spending power of consumers and their preference for coffee over other beverages
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Asia Pacific is expected to register the highest CAGR of 29.4% from 2019 to 2025 due to high demand for cold brew
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Some of the key companies in the cold brew coffee market include Califia Farms, JAB Holding Company, HighBrewCoffee, Kohana Coffee, Nestlé, La Colombe Torrefaction, Starbucks, RISE Brewing Co., Sleepy Owl, and Heartland Food Products Group
Distribution Channel Insights:
Other distribution channels, such as convenience stores and supermarkets & hypermarkets, are also expected to witness significant growth in the next few years. Companies, such as Starbucks, RISE Brewing Co., and Dr Pepper are targeting grocery channels and other convenience stores to increase their customer base. Starbucks introduced its cold brew products in U.S. grocery and convenience stores in the past few years and is focusing on online channels to strengthen its global presence.
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Grand View Research has segmented the global cold brew coffee market on the basis of distribution channel and region:
Cold Brew Coffee Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
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Supermarkets & Hypermarkets
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Company Owned Outlets
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Convenience Stores
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Online
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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