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The global cold brew coffee market reached a value of about USD 604.47 million in 2023. The market is further estimated to grow at a CAGR of 22.5% in the forecast period of 2024-2032 to reach a value of around USD 3751.76 million by 2032.
Cold Brew Coffee Market Growth
*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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In 2023, the global cold brew coffee market attained a value of nearly USD 604.47 million.
The market is assessed to grow at a CAGR of 22.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach almost USD 3751.76 million by 2032.
The major market drivers include the expanding demand for Arabica-based cold brew coffee, growing cafe culture and the expansion of company-owned outlets, availability of dairy-free cold brew coffee variants, rising purchasing power, and multiple health benefits of the product.
The key trends guiding the growth of the market include the rising demand for on-the-go beverages, easy availability across various distribution channels, government initiatives, and new product launches by the market players.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types of cold brew coffee include Arabica-based cold brew coffee, Robusta-based cold brew coffee, and Liberica-based cold brew coffee.
The different distribution channels of the product include supermarkets and hypermarkets, company-owned outlets, convenience stores, and online stores.
The major players in the market are Califia Farms, LLC, Sleepy Owl Coffee, HighBrewCoffee, Kohana Coffee, and Rise Brewing Co., among others.
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