Cold Brew Coffee Market by Manufacturers, Growth Opportunities, Regional Trend, Future Growth and Forecast to 2031
Cold Brew Coffee Market: Overview
The
cold brew coffee market is estimated to observe positive growth during the
forecast period of 2021-2031. The growing popularity of coffee among a
considerable chunk of the global populace will assure good growth prospects for
the cold brew coffee market. Furthermore, the preference of the consumers for
unique coffee beverages assures substantial growth. All these factors will
invite profitable growth avenues for the cold brew coffee market.
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The
rising awareness about the benefits of coffee, rising urbanization levels, and
expanding disposable income invites exponential growth for the cold brew coffee
market. The growing popularity of novel variants through numerous distribution
channels will have a profound impact on the growth trajectory of the cold brew
coffee market.
Cold
brewing is a method of coffee brewing where ground coffee beans are steeped in
water at room temperature for around 20 hours. Cold brew is prominently the
concentrate of the coffee after the brewing process. This type of coffee
brewing is the easiest and requires no or less equipment. It takes more than 20
hours for the coffee to brew. The various benefits associated with cold brew
coffee consumption sets the stage for the growth of the global market.
Cold
brew coffee is available in three types: Arabica-based cold brew coffee,
Liberica-based cold brew coffee, and Robusta-based cold brew coffee. The main
distribution channels in the cold brew coffee market are company-owned outlets,
supermarkets, convenience stores, hypermarkets, and online. Of all the
distribution channels, the online segment is estimated to gain considerable
momentum due to the advent of the COVID-19 pandemic and the lockdown
restrictions.
The
report on the cold brew coffee market by Transparency Market Research (TMR) has
various points and factors that make the stakeholder aware of the existing
competitive scenario. Furthermore, the report includes the demographic
landscape, industrial insights, and the latest trends that prove to be of great
help to the CXOs and stakeholders. The COVID-19 pandemic effect has also been
included in the report.
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How is the Competitive Scenario across Cold Brew Coffee Market?
The
cold brew coffee market is highly fragmented. Numerous players indulge in high
competition. The players are involved in novel product launches and different
formulations. These formulations assure considerable growth for the cold brew
coffee market. Furthermore, the players are also involved in research and
development activities. These activities help increase the revenues of the
players, eventually increasing the growth rate.
Some
well-entrenched players in the cold brew coffee market are RISE Brewing Co., La
Colombe Torrefaction, Califia Farms, HighBrewCoffee, and Nestlé.
What are Regional
Dimensions of Cold Brew Coffee Market?
North
America’s cold brew coffee market is expected to observe a dominating stance
during the forecast period of 2021-2031. The growing preference for coffee over
other beverages and the introduction of novel variants in the cold brew coffee
space will ensure profitable growth. The Asia Pacific is also anticipated to
register rapid growth due to expanding preference for specialty products over
the regulars.
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What are Key Trends
in Cold Brew Coffee Market?
Benefits of Cold Brew Coffee over Hot Coffee to Bring
Extensive Growth Prospects
The
most prominent benefit of cold brew coffee is that it is nearly 67% less acidic
than hot coffee. Furthermore, the coffee is smooth and sweet as compared to hot
coffee as the coffee grounds are not exposed to high temperature. This coffee
type is flavorful and less bitter. Hence, all these factors will invite
extensive growth opportunities for the cold brew coffee market.
Growing Popularity of Nitro Cold Brew Coffee to
Invite Substantial Growth
Nitrogen-based
cold brew coffee is adding expansive growth opportunities to the cold brew
coffee market. In this cold brew coffee type, the coffee is infused with
nitrogen gas via pressurized valve. Many cold brew coffee manufacturers are
launching these drinks on the back of the heightening popularity. For instance,
a coffee brand known as High Brew Coffee recently introduced the sweet cream
nitro cold brew coffee. It has an in-can widget that injects nitrogen during
consumption. Such developments bode well for the growth of the global market.
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