Global Ready to Drink Coffee Market Report and Forecast 2024-2032

Global Ready to Drink Coffee Market Outlook

The global ready to drink coffee market size reached a value of more than USD 26.18 billion in 2023. The market is expected to grow at a CAGR of 7.90% in the forecast period of between 2024 and 2032, driven by the growing coffee culture.

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Key Trends in the Market

Ready to drink coffee are a premade coffee that are usually sold in tightly packed bottles or cans. They are usually stored in cold places or at low temperatures to preserve the preparation, so that consumers can drink them later. There is no need for any preparation, although added sweeteners and flavourings can be used as desired on top of the ready to drink coffee. These premade coffees have grown popular as they can be consumed instantly, purchased individually or in bulk, and are portable, increasing their convenience.    

• Café and coffee culture have grown rapidly among youths as well as adults, resulting in an increasing demand for coffee amongst a wider audience. There is also a greater demand for convenient, affordable, and on-the-go coffee thereby surging the ready-to-drink coffee market.

• Ready to drink coffee can be purchased individually or in bulk, leading to enhanced flexibility for consumers. Coffee drinkers can buy individual ready to drink coffees while on the go, or in bulk so that they have a steady supply at home for impulse drinking.

• Coffee market key players are innovating, developing, and offering premium and flavoured ready to drink coffees which is helping increase the market growth. Availability of speciality coffee flavours such as hazelnut and vanilla are key trends in the market.

Market Analysis

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Based on packaging, the market can be divided into bottles, and cans, among others. On the basis of product type, the market is bifurcated into cold brew coffee and other RTD coffee. By distribution channel, the ready to drink coffee market is categorised into supermarkets and hypermarkets, specialty stores, and online, among others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global ready to drink coffee market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.  

• Nestlé S.A.

• The Coca-Cola Company

• Asahi Group Holdings Ltd

• Lotte Chilsung Beverage Co.,Ltd.

• Arla Foods Group

• Others

Market Share by Packaging

Bottles account for a sizable share of the ready to drink coffee market because they are convenient for consumers and low-cost for manufacturers. Moreover, bottles can retain better flavours and can be closed with the cap, so that consumers are not required to drink the entire coffee in one setting. Leading coffee brands have adopted PET bottles for their ready to drink coffee offerings. PET bottles tend to have a longer shelf life, and are available in a variety of sizes, including larger bottles for home use. Some manufacturers still use cans for coffee, particularly for coffees that are recommended to be shaken before consumption, giving cans a decent share in the ready-to-drink coffee market. 

Market Share by Region

The Asia Pacific is a significant regional market for ready to drink coffee, due to the growing coffee culture, preference for on-the-go coffee consumption, and increasing availability of ready-to-drink coffees by big brands. With consumers engaged in busy lifestyles and a relatively fewer number of coffee shops in the region, ready-to-drink coffee is growing in popularity as it offers convenience and tends to be more affordable than coffee shops. In particular, cold brew coffees and flavoured coffees are widely preferred by consumers in the Asia Pacific. 

Meanwhile, North America is expected to have a healthy share in the ready to drink coffee market due to the widespread preference for coffee and increasing cost-consciousness. As coffee shop prices rise, more consumers are turning to ready to drink coffee. 

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Competitive Landscape

Nestlé S.A. is a multinational company that has its headquarters in Vevey, Switzerland. It was founded in 1866 and deals with the processing of food and drink products. They supply their products globally with an aim to improve the consumer’s quality of life. Its coffee brands include Blue Bottle Coffee, Coffee-Mate, and Nescafé, which has an entire line of ready to drink coffees. 

The Coca-Cola Company is a beverage company known to manufacture and market non-alcoholic beverage for every occasion for consumers all around the globe. Founded in 1892 and headquartered in Georgia, United States, they aim at providing the best beverages that refresh consumers. Their coffee brands include Costa Coffee and Georgia.

Asahi Group Holdings Ltd was founded in 1889 and has its headquarters in Osaka, Japan. It is a beverage company that is involved in the manufacturing and marketing of soft drinks, spirits, and other beverage products. They provide their consumers with popular brands for beer, wine, and whiskey, as well as their WONDA coffee brand, among others. 

Other market players include Lotte Chilsung Beverage Co.,Ltd., and Arla Foods Group, among others.

Key Highlights of the Report