Ready-to-drink Coffee Market is segmented By Packaging (Canned, PET bottles, Tetra packs, others), By Distribution Channel (Online, Offline (Hypermarket, Supermarket, Specialty stores, others) ), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Market Size
The Global Ready-to-Drink Coffee Market reached USD 23.5 billion in 2023 and is expected to reach USD 43.8 billion by 2031 and is expected to grow with a CAGR of 8.1% during the forecast period 2024-2031. Over the course of the projection period, demand for ready-to-drink (RTD) coffee is anticipated to increase due to rising consumer awareness of healthy intakes.
Ready-to-drink (RTD) coffee's immediate quality and convenience, which are ascribed to its antioxidant properties and lower calorie content, are expected to propel the RTD coffee market. During the projection period 2023–2030, the ready-to-drink coffee market growth is expected to develop at a faster rate due to the rising importance of innovation in large companies and the rise in the number of product releases.
Particularly abundant in powerful antioxidants such polyphenols and hydrocinnamic acids is coffee. The increased consumption of cold brew coffee, nitro cold brew coffee, and iced coffee is what primarily drives the ready-to-drink coffee market growth. Manufacturers, distributors, and retailers in the ready-to-drink coffee market have various opportunities to grow as the number of consumers who want this product rises.
Market Scope
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Metrics |
Details |
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CAGR |
8.1% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Packaging, Distribution Channel, and Region |
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Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
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Fastest Growing Region |
North America |
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Largest Region |
Asia-Pacific |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Dynamics
The Growing Popularity of RTD Coffee among Consumers is Driving the Ready-to-Drink Coffee Market Growth.
One of the main causes of the increased number of people following the fitness fad is the decline in health caused by busy lifestyles, inadequate exercise, and an increase in the number of obese people. Coffee that is already prepared for consumption is becoming more well-liked among young people and middle-aged working people as a great source of instant energy. Increasing demand among young consumers for coffee concentrates, dairy-free coffee, and flavored coffee is growing.
More young people are participating in sports, working out in the gym, and other physical activities as a result of the rise in health and fitness consciousness, which has also increased the demand for more rapid energy drinks and supplements. The vast majority of coffee buyers use internet methods for delivery. Many customers are placing their coffee orders online, drinking more coffee at home, or buying more ready-to-drink coffee.
Health Advantages associated with RTD Coffee is Driving the Ready-to-drink Coffee Market Growth.
A significant trend that has an impact on a substantial proportion of the worldwide population is the consumption of healthy foods and beverages. Coffee that is ready to drink is another functional beverage with health advantages. Poor eating practises, busy lifestyles, and demanding job schedules are all contributing to an increase in childhood and adult obesity rates, which is driving consumers to choose more practical, wholesome foods.
Demand for antioxidant-rich health drinks is increasing as calorie-conscious consumers and the diabetic population hunt for sugar replacements in their beverages. According to the WHO estimate from 2021, 650 million adults, 340 million adolescents, and 39 million children globally are obese. This is pushing the health consious customers to consume RTD coffee.
Additionally, 2021 meta-analysis discovered that coffee drinkers may be less prone to suffer from depression and cognitive disorders like Alzheimer's. Moreover, the ready-to-drink coffee coffee market growth is anticipated to be driven by the increasing internet penetration across the globe, particularly in developing nations like India, Brazil, and China, as well as the ease of access to e-commerce websites for online shopping for FMCG products.
Side Effects Associated with High Consumption of Coffee is Restraining the Market.
Coffee contains riboflavin, which is helpful in carrying out a variety of oxidation and reduction reactions. Riboflavin shortage can be hazardous. A riboflavin deficit may cause scaly skin, painful lip peeling, and an irritated tongue. Overindulging in coffee may cause symptoms like anxiety, racing heart, jitters, and impaired cognitive function. If one experiences anxiety symptoms, one should keep daily coffee intake to two cups.
Overindulging in coffee can cause diarrhea, dehydration, and upset stomach. Thus, these problems are impeding the RTD coffee market's expansion
Segment Analysis
The Global Ready-to-Drink Coffee Market is segmented based on nature, packaging, distribution channel, and region.
In the Global Market of Ready-to-drink Coffee, the PET Bottles Segment Holds the Largest Market Share.
The global ready-to-drink coffee market has been segmented by packaging into canned, PET bottles, tetra packs, and others. The PET bottles segment held the largest ready-to-drink coffee market share of 38.8% in 2022 in the ready-to-drink coffee market analysis report. It is more appealing for practically all big players to package all beverages in order to boost sales of their goods. Increasing demand for single-serve packaging is driving the segment’s growth.
The use of glass and PET bottles is widespread throughout the world. Traditional glass bottles are less desired than pet bottles because of innovative technology that allows these bottles to do more than just carry liquids. These bottles not only come in affordable shapes but also help to extend the shelf life and preserve food. Customers can heat or cool their coffee in pet bottles, depending on their preferences. These 'grab and go'-sized hot/cold bottles are practical and easy to use.
Source: DataM Intelligence Analysis (2023)
Market Geographical Share
The Asia-Pacific Region Held the Largest Share in Ready-to-Drink Coffee Market.
The global ready-to-drink coffee market is segmented into five parts of the world based on geography: North America, South America, Europe, Asia Pacific, the Middle East, and Africa. The Asia-Pacific ready-to-drink coffee market held the largest market share of 32.6% in 2022 in the ready-to-drink coffee market analysis. The market for ready-to-drink coffee in the region is driven by the development in consumer awareness regarding the consumption of healthy beverages.
The main markets for ready-to-drink coffee in the Asia-Pacific region are Japan and South Korea. India, Indonesia, and Vietnam are some of the biggest producers and exporters of coffee worldwide. Expresso-based coffee has more demand in the region. Additionally, the expansion of the e-commerce sector in developing nations like India will fuel the RTD coffee market's expansion throughout the projection period.
Source: DataM Intelligence Analysis (2023)
Market Companies
The major global players in the market include Nestle S.A., Starbucks Corporation, The Coca-Cola Company, The J.M. Smucker Company, Suntory Beverage & Food, Lotte Chilsung Beverage Co Ltd., Tres Coracoes Alimentos S.A., Dr. Pepper Snapple Group, Dunkin' Brands, and WhiteWave Foods.
COVID-19 Impact on Ready-to-drink Coffee Market
Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:
The unprecedented COVID-19 pandemic in 2020 had a profound effect on the Ready-to-drink Coffee industry. Covid-19 has had a considerable impact on the phases of the global bakery supply chain that involve Ready-to-drink Coffee production, processing, distribution, and consumption as a result of lockdowns and restrictions imposed by various governments.
Everything has changed due to the COVID-19 epidemic. It has influenced practically every industry in the world, whether positively or negatively. The COVID-19 pandemic's effects on world economic conditions have had an influence and could have an impact on interest rates, foreign exchange rates, commodities and energy prices, and the efficient operation of financial and capital markets.
The COVID-19 pandemic issue has had an impact on the food and beverage industries as well. The COVID-19 pandemic is upending life, and the beverage sector is seeing an increase in trends like RTD coffee. The beverage businesses are launching innovative programs, including RTD coffee, which are readily available and simple to consume.
By Packaging
- Canned
- PET Bottles
- Tetra Packs
- Others
By Distribution Channel
- Online
- Offline
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- The U.K.
- France
- Italy
- Spain
- Rest of Europe
- South America
- Brazil
- Argentina
- Rest of South America
- Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
- Middle East and Africa
Key Developments
- In April 2023, the debut of their new line of Ready To Drink (RTD) plant-based cold brew lattes was announced today by Emma Chamberlain's premier coffee lifestyle brand, Chamberlain Coffee. Fans will be able to purchase the RTD lattes on stores all around the world, the launch happened through an exclusive partnership with Walmart.
- In July 2021, RTD coffee products will be introduced by Starbucks and Nestlé in new global markets. As part of the global coffee alliance, Seattle-based Starbucks and Swiss food and beverage giant Nestlé will introduce ready-to-drink (RTD) coffee products in Southeast Asia, Oceania, and Latin America by 2022.
- In April 2022, Lavazza, a major producer of coffee in Italy, is launching a ready-to-drink product specifically designed for the American market as it broadens its product line in this quickly expanding sector. RTD coffee is already available from Lavazza in places like England.
Why Purchase the Report?
- To visualize the Global Ready-to-Drink Coffee Market segmentation based on packaging, distribution channel, and region, as well as understand key commercial assets and players.
- Identify commercial opportunities in the market by analyzing trends and co-development.
- Excel data sheet with numerous data points of ready-to-drink coffee market-level with all segments.
- The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and in-depth market study.
- Product mapping is available as Excel consists of key products of all the major market players.
The Global Ready-to-Drink Coffee Market Report Would Provide Approximately 93 Tables, 109 Figures And 190 Pages.
Target Audience 2024
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
