Ready To Drink (RTD) Coffee Market Analysis (2023-2028)

"The global ready to drink (RTD) coffee market was estimated at USD 27.08 billion in 2022 and is likely to grow at a CAGR of 8.03% during 2023-2028 to reach USD 43.26 billion in 2028."

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Ready-to-drink coffee is a non-alcoholic beverage that is highly preferred by youngsters as well as the middle-aged working population as an instant source of energy, due to its caffeine content it reenergizes the body in a short time.

Market Dynamics

Market Drivers

The growing demand for ready-to-drink coffee is mainly due to the increasingly obese population on account of busy lifestyle. Ready-to-drink is used as an instant source of energy.

Segments Analysis

Packaging Trends

"The bottles segment accounted for the largest market share."

The RTD coffee market is segmented into bottles, cans, and other packaging. The bottles segment held the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The growth of the segment is on account of it offering attractive/premium looks to the product and increasing the shelf life of coffee and also providing more benefits than just holding the product.

Regional Insights

"The Asia-Pacific segment accounted for the largest market share."

Asia-Pacific is estimated to be the largest and North America to be the fastest-growing ready to drink coffee market during the forecast period. China, Japan, India, and Australia being the major countries offering promising growth opportunities. The growth of the region’s market is triggered by the increasing number of calorie-conscious consumers, which is increasing the rate of usage for antioxidant-enriched drinks and highly populated countries in southeast Asia consuming a large chunk of these products. North America and Europe are also expected to offer substantial growth opportunities over the forecast period.

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Critical Questions Answered in the Report

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the global market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Key Players

The following are the key players in the ready to drink (RTD) coffee market (arranged alphabetically).

• Arla Foods
• Asahi Group Holdings Ltd
• High Brew Coffee Inc.
• JAB Holdings
• La Colombe Torrefaction Inc.
• Lotte Corporation
• Nestle SA
• Starbucks Corporation
• The Coca-Cola Company.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the RTD coffee market.

What Deliverables Will You Get in this Report?

The market is segmented into the following categories.

By Packaging Type

• Bottles
• Cans
• Other Packaging

By Product Type

• Cold Brew Coffee
• Other RTD Coffee

By Distribution Channel Type

• Supermarket/Hypermarkets
• Specialty Stores
• Online Stores
• Other Distribution Channels

By Region

• North America (Country Analysis: the USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and the Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and the Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s ready to drink (RTD) coffee market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players).
• SWOT analysis of key players (up to 3 players).

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.