Ready-to-Drink Coffee Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Ready-to-Drink Coffee Market was worth US$ 26,400.0 Mn and is expected to grow at a CAGR of 8.2% over the forecast period. The market is expected to hit US$ 49,600.0 Mn by 2030 end.
The global demand for ready-to-drink drinks has risen dramatically in recent years. The international adoption of a fast-paced lifestyle is driving up the market. Coffee is one of the most widely consumed beverages globally, and demand for ready-to-drink Coffee has grown significantly in recent years.
URBANIZATION AND CHANGING CONSUMER PREFERENCES DRIVE THE MARKET
The ready-to-drink coffee industry is influenced by increasing urbanization, hectic lives, and altering customer tastes. Aside from the convenience of grab-and-go, ready-to-drink Coffee is available in various kinds and flavors, giving customers options depending on their likes, preferences, culture, and requirements.
It is also seen as a superior substitute for carbonated beverages, related to health hazards such as obesity and hypertension. Because of its antioxidant properties and low-calorie content, ready-to-drink Coffee is gaining popularity as a fast energy source.
Ready-to-drink Coffee is another functional beverage that has been proved to offer health benefits. Growing obesity rates among children and adults, poor eating habits, hectic lifestyles, and demanding work schedules drive consumers toward healthier convenience food options.
HIGH AGRICULTURAL COSTS HAMPER THE MARKET GROWTH
Unpredictable rainfall and rising agricultural input costs have increased the cost of raw materials, raising the price of the finished product. One of the key impediments to market expansion is the greater cost of RTD Coffee compared to regular hot and ground Coffee. Furthermore, common hot coffee preparation procedures might limit market development.
NEW INNOVATIONS AND PRODUCT RELEASES OPEN UP AMPLE OPPORTUNITIES FOR THE MARKET
The ready-to-drink coffee industry is predicted to rise soon due to significant businesses’ increased product launches and a higher emphasis on product innovation. Because of the growing popularity of healthy living habits, producers are gaining a bigger consumer base by including healthy ingredients in ready-to-drink Coffee. Several large firms are attempting to develop items to help them fulfill the increasing demand for health-friendly products.
Market Segments Covered in Report
By Distribution Channel:
By Region and Country:
Why is PET bottle packaging of Ready-to-Drink Coffee projected to have the highest CAGR?
In 2021, the PET bottles category led the market, accounting for 34.0% worldwide industry sales. The ease of handling, along with the low production costs, is driving the rising demand for this sort of packaging. Furthermore, because PET bottles can be molded in various sizes and forms and made in multiple colors, many producers use this packaging style.
Which distribution channel segment is expected to dominate during the forecast period?
The hypermarket/supermarket category is predicted to dominate the worldwide ready-to-drink coffee market. It is due to a well-established hypermarket/supermarket supply chain that provides a wide availability of ready-to-drink Coffee.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Companies in the ready-to-drink coffee industry are shifting gears by developing and launching premium solutions that not only increase earnings but also provide a more engaging and pleasurable coffee-drinking experience.
Manufacturers in the ready-to-drink coffee industry are experimenting with product composition to give their clients a more individualized beverage consumption experience. On the other hand, the major companies are trying to increase their distribution networks to cement their market position in the ready-to-drink coffee industry.
Some of the key developments that have taken place in the Ready-to-Drink Coffee Market include:
A list of some of the key suppliers present in the market are:
Global Ready-to-Drink Coffee Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Product, Additives, Packaging, Price, Distribution Channel, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2030, the market is expected to grow at a CAGR of 8.2%.
The global demand for ready-to-drink drinks has risen dramatically in recent years. The international adoption of a fast-paced lifestyle is driving up the market.
Major global Ready-to-Drink Coffee Market players are PepsiCo, The Coca-Cola Company, Nestle S.A., JAB Holding Company, Asahi Group Holdings, Ltd, McDonald’s Corporation, Danone S.A, Dunkin’ Brands Group, Inc, Suntory Beverage & Food, Lotte Chilsung Beverage Co. Ltd., Dr. Pepper Snappel Group, Starbucks, Unilever, Ajinomoto General Foods Inc, and Monster Beverage Co.
Market growth is projected to be limited by rising tea consumption and the high cost of ready-to-drink Coffee.
The Asia Pacific region is expected to account for the largest market revenue share in the Global Ready-to-Drink Coffee market.
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