Global Cold-Brew Coffee Market Size was $1383.23 Million in 2023

Global Cold-Brew Coffee Market Overview

According to Global Market Monitor, the global cold-brew coffee market size was $1383.23 million in 2023 with a CAGR of 18.16% from 2023 to 2028.Asia Pacific has emerged as a major revenue contributor to the global coffee market, supported by increased out-of-home coffee consumption and increased revenue generated by the supply of coffee products via online mediums & shipments by various Asia Pacific coffee-producing countries including India, and Malaysia.  

Market Drivers

Cold-brew coffee is made by immersing coffee beans in cold water for at least 12 hours, so that small flavor substances can be extracted, thus removing the bitter taste and extracting coffee liquor with a softer and slightly sweet taste. It has lower acidity, silky taste, and calorie and sugar content. With the replacement of consumers, the Millennium generation has become the main consumer force and is willing to try new products, giving Cold-Brew coffee much room to stretch. Expanding consumer preference for unique coffee beverages, the rise in coffee consumption in developing countries, rapid urbanization, increasing demand for cold brew, and growing distribution channels by prominent players are some of the primary factors driving the growth of the global cold brew and hot brew coffee market.

More importantly, consumers are shifting towards cold-brew coffee owing to its smoother, less acidic taste, naturally sweeter, and fruitier flavor. Moreover, the coffee shops are benefiting from inclining consumers' interest in premium ready-to-drink coffee, cold brew, albeit pricier, and specialty coffee beverages. Manufacturers are developing innovative packaging to package the premium coffee beverage.

Nestlé S.A., together with its subsidiaries, operates as a food and beverage company, operating through Europe, the Middle East, North Africa, the Americas, Asia, Oceania, and sub-Saharan Africa with a market share of 16.05% in 2023.

Company Name	Nestlé
Website	www.nestle.com
Established Time	1866
Plants Distribution	Europe, North America, Asia-Pacific
Sales Region	Worldwide
Competitors	Califia Farms, Groundwork