PUBLISHER: Market Research Future | PRODUCT CODE: 1793484
PUBLISHER: Market Research Future | PRODUCT CODE: 1793484
Global Cold Coffee Market Research Report by Product Type (Ready-to-Drink (RTD) Cold Coffee, Cold Brew Coffee, Iced Coffee), by Distribution Channel (Supermarkets/ Hypermarkets, Convenience Stores, HoReCa, Online Retail), by Flavor (Classic, Mocha, Caramel, Vanilla, Hazelnut, Others), by Price Range (Economy, Mid Range, Premium), by Consumer Group (Gen X, Millennials, Gen Z, Baby Boomers), by End Use (Household, Food service), and by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa) Forecast till 2030
Industry Overview
The global cold coffee market, valued at USD 54,792.6 million in 2024, is projected to grow at a CAGR of 16.5% to reach USD 136,657.7 million by 2030. Cold coffee refers to coffee served cold, either by brewing it with cold water over several hours or by chilling freshly brewed coffee. It is often mixed with milk, cream, or flavorings and served with ice for a refreshing experience. This style of coffee is especially favored in warm climates and as an on-the-go beverage.
The global cold coffee market continues to expand as demand for RTD beverages rises worldwide. Cold brews, nitro coffees, and flavored RTD products are becoming everyday choices for consumers who value convenience without sacrificing quality. Younger consumers have a major impact on the growth of the market, as figures from Millennials and Gen Z show, as they are the ones who drive the market by embracing cold coffee. Variety, portability, and modernity are some of the things that they get from cold coffee. That demographic's eagerness to experiment with new flavors and their early adoption of coffee habits are the main reasons why they become loyal customers. Flavor innovation is still the main attraction with companies that are trying out both the indulgent and functional ingredients.
In spite of this, an unstable coffee bean market is still a major challenge that the venture is facing. Extreme weather conditions are the cause of the supply disruptions. For example, droughts in the main producing countries of coffee lead to an increase in prices and the disruption of supply chains. The rise in costs may result in the use of lower-grade beans to maintain prices, thereby reducing the quality and perhaps breaking the trust of the consumers. Bigger brands can protect themselves from these kinds of losses; however, smaller producers are those who usually get the brunt of it.
The possibilities are numerous, especially in the culinary area, where cold coffee plays a role in the success of desserts, marinades, and mixology. Also, the growth of retail and e-commerce further consolidates the market position and allows brands to expand beyond physical stores.
Online platforms offer an effective space to launch innovative flavors, connect with customers, and gather instant feedback. These combined drivers position cold coffee as one of the most dynamic segments in the global beverage industry.
Industry Segmentations
In terms of the distribution channel, the global market is divided into supermarkets, hypermarkets, convenience stores, HoReCa, and online retail.
The global cold coffee market is segmented by product type, comprising ready-to-drink (RTD) cold coffee, cold brew coffee, and iced coffee.
Based on the price range, the global market is classified into economy, mid-range, and premium.
Classic, mocha, caramel, vanilla, hazelnut, and others are the types of flavors of the global cold coffee market.
Depending on consumer groups, the global cold coffee market is separated into Gen X, millennials, Gen Z, and baby boomers.
Foodservice and household are end-use types of the global market.
Cold coffee sales in North America have been at an all-time high since consumers have become more health-conscious, but without compromising their busy schedules. Cold brew has become a favorite, which is loved for its smooth taste and low acidity, and Starbucks and Dunkin' are always coming up with new ideas. Portable RTD bottles from companies such as Califia Farms and Chameleon Cold-Brew fit seamlessly to the needs of on-the-go and active people. Health-focused innovation, ranging from low-sugar recipes to protein and adaptogen-enriched brews, has emerged as a decisive growth factor.
Across Europe, demand for cold coffee is rising alongside a deepening coffee culture and changing lifestyle habits. Iced coffee leads the segment, with the UK setting trends through inventive flavors and functional enhancements like protein enrichment. Cold brew is gaining steady ground in markets such as Italy, where both in-store and e-commerce sales are climbing. Sustainability has become a purchase driver, prompting brands to shift towards eco-friendly packaging that appeals to environmentally engaged consumers.
Asia-Pacific stands out as the fastest-growing cold coffee market, led by countries with strong coffee traditions and adventurous young consumers. Japan has also come to depend on RTD coffee in its daily life, largely due to the vending machine network, while China's middle class, which has not been here for a long time, is the reason for a 15% annual growth in premium cold coffee sales. Cold brew's gentle characteristics and the image of it being a healthy drink fit perfectly with younger consumers. Local brands and global companies are going to the extent of changing their packaging to recyclable paper, and they also promise that they will source the coffee beans in a sustainable way.
South America's cold coffee market is changing at a tremendous pace, and Brazil is at the forefront in terms of both producing and consuming. RTD cold coffee enjoys a foothold in cities and is backed by local brands that create original flavors using native ingredients. International companies accentuate their presence, proposing innovative cold coffee varieties targeted to local palates. In Argentina, the milder and less acidic cold brew has become very popular among the younger generation, thus signaling that they will move from traditional iced coffee to this one in the future.
Due to rising RTD consumption together with hot weather that calls for cool beverages, the MEA cold coffee segment is rapidly growing. The fastest growth is recorded in the UAE and Saudi Arabia, especially when tourism and cafe culture are booming. On the local and global front, brands are in a continuous fight for leadership and cutting-edge cold brew selections, as well as being tasty. Health positioning, combined with upscale presentation, is helping cold coffee secure a stronger presence in both retail and hospitality channels.
Major Competitors in the global cold coffee market are Nestle S.A., Starbucks Corporation, The Coca-Cola Company, Finlav S.p.A, Restaurant Brands International (RBI), Califia Farms, LLC, Westrock Coffee, Uptime Energy, Chobani, and Heartland Food Products Group.