31 Mar, 2021, 01:00 ET
NEW YORK, March 31, 2021 /PRNewswire/ --
Technavio estimates the global cold brew coffee market to grow by USD 1.119 billion, progressing at a CAGR of almost 28% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by new product launches. In addition, the increasing demand for organic and private labels will positively influence the growth of the cold brew coffee market.
Cold Brew Coffee Market: Product Landscape
Based on the product, the market witnessed maximum demand for Arabica-based cold brew coffee. This can be attributed to the growing presence of organized retailing outlets offering Arabica-based cold brew coffee and the increasing frequency of new product launches. The market growth in the segment will be significant over the forecast period.
Cold Brew Coffee Market: Geographic Landscape
60% of the market's growth originated from North America in 2019. Factors such as the rising number of organized retailing outlets in the region offering cold brew coffee products and the prevailing preference for coffee in the US and Canada are fueling the growth of the cold brew coffee market in North America.
The US is the key market for cold brew coffee in North America. Market growth in this region will be faster than the growth of the market in other regions.
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Major Five Cold Brew Coffee Market Vendors:
Califia Farms: The key offerings of the company include Black and White Nitro Draft Oatmilk Latte, XX Espresso Nitro Draft Oatmilk Latte, Salted Caramel Nitro Draft Oatmilk Latte, Mocha Nitro Draft Oatmilk Latte, Peppermint Mocha Cold Brew Coffee, Pure Black Cold Brew Coffee Unsweetened, Black and White Cold Brew Coffee, XX Espresso Cold Brew Coffee, and others.
Heartland Food Products Group: The company offers JAVA HOUSE. It is an authentic cold brew coffee brand, that offers a full assortment of pure concentrates, liquid pods, and ready-to-drink cold brew coffees, including Lightly Sweet, Pure Black, and Frappes variants.
HighBrewCoffee: The key products offered by the company include peppermint mocha, Mexican vanilla, double espresso, dark chocolate mocha, black and bold, creamy cappuccino protein, salted caramel, espresso triple shot, vanilla bean triple shot, black triple shot, toasted coconut latte, and bourbon vanilla latte.
JAB Holding Co. Sarl: The company offers cold press coffee under the brand, Caribou Coffee Co.
Kohana Coffee: The company offers roasted coffee, cold brew concentrate, and ready-to-drink coffee products.
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Related Reports on Consumer Staples Include:
Global Coffee Creamer Market – Global coffee creamer market is segmented by type (liquid and powder) and geography (North America, Europe, APAC, South America, and MEA).
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Global Instant Coffee Market – Global instant coffee market is segmented by product (spray-dried and freeze-dried) and geography (APAC, Europe, MEA, North America, and South America).
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What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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