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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Asia Pacific Cold Brew Coffee Market Growth
The growing popularity of ready-to-drink beverages and the rising disposable income of the individuals in the region are the key factors driving cold brew coffee demand growth in Asia Pacific. A 3.3% increase in income levels is anticipated in the Asia-Pacific region between 2022 and 2050. The number of middle-class populations is expected to increase to 3.5 billion by 2030. This rise of the middle class and the increasing disposable incomes are accompanied by changing spending patterns and expenditures which significantly impacts the cold brew coffee market.
Increasing urbanization along with growing Western influence have also positively impacted the market. With big industry names like Starbucks expanding to the Asian Pacific countries, the popularity of coffee is on the rise. By the end of the year 2023, the Seattle-based coffee chain operated a total of 6,975 in China, 1,901 in Japan, and 1,893 in South Korea. South Korea, in particular, has seen immense growth. The country has been adding more than 100 stores each year and went from 1,508 stores in 2020 to 1,777 in 2022 and ultimately reached 1,893 in 2023.
Asia Pacific cold brew coffee industry analysis also suggests an increased concern for health and the choice of leading a healthier lifestyle which has further helped propel the market in the region. As people become more conscious of the negative effects of carbonated drinks, they are choosing healthier beverages like cold brew coffee to lift their spirits instead of iced coffee. Dairy-free cold brew coffee manufactured from alternative milk sources, like oat milk, is also becoming more popular due to the growing vegan population and the rise in lactose intolerance cases. The growth of e-commerce platforms, supermarkets, and hypermarkets, along with the easy availability of cold brew coffee, are propelling the market development.
Asia Pacific Cold Brew Coffee Market Report Snapshots
Asia Pacific Cold Brew Coffee Market Size
Asia Pacific Cold Brew Coffee Market Growth
Asia Pacific Cold Brew Coffee Market Share
Asia Pacific Cold Brew Coffee Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
It is estimated that the market reached approximately USD 114.85 million in 2024.
The market will presumably grow at a CAGR of 24.80% in the forecast period of 2025 and 2034.
The market is projected to reach a value of around USD 843.85 million by the year 2034.
Rising disposable income, growing Western influence and an increased concern for health are the major drivers of the market.
A key trend in the market is the increased usage of e-commerce platforms for the sale of cold brew coffee.
Key countries include China, Japan, India, ASEAN, Australia, and others.
Based on type, the market is divided into arabica-based cold brew coffee, robusta-based cold brew coffee, and liberica-based cold brew coffee.
The key players in the market are Starbucks Corp., Nestle S.A., Inspire Brand, Inc, UCC Ueshima Coffee Co., Ltd., Cowpresso Coffee Roasters, Sleepy Owl Coffee Private Limited, Swmabhan Commerce Private Limited (Rage Coffee), Seven Beans Coffee Company, Home Blend Coffee Roasters, Muhavra Enterprises Private Limited (Blue Tokai), and others.
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