Ready to drink coffee is a healthy substitute of carbonated drinks which are associated with health hazards such as obesity and hypertension. The RTD coffee provides convenience by utilizing either brewed coffee or coffee extract that can be consumed in cold form. The rising consumption of packaged and bottled beverages will create several growth opportunities for the companies operating in the market.
MARKET SCOPE
The "Global RTD Cold Coffee Market Analysis to 2028" is a specialized and in-depth study of the food and beverage industry with a special focus on the global market trend analysis. The report aims to provide an overview of the RTD cold coffee market with detailed market segmentation by product type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading RTD cold coffee market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global RTD cold coffee market is segmented into bottles, cans and cartons.
- Based on category, the global RTD cold coffee market is segmented into sugar-free and conventional.
- Based on distribution channel, the global RTD cold coffee market is segmented into supermarkets and hypermarkets, convenience stores, online retail, others.
MARKET DYNAMICS
Drivers:
- Increasing investment in flavored and cold-brew products.
- The increasing consumption of canned and packaged beverages.
Restraints:
- Relatively higher cost of RTD cold coffee than traditional coffee.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The RTD cold coffee market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the RTD cold coffee market in these regions.
IMPACT OF COVID-19ON RTD COLD COFFEE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the RTD cold coffee market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from RTD cold coffee market are anticipated to witness lucrative growth opportunities in the future with the rising demand for RTD cold coffee in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the RTD cold coffee market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- PepsiCo
- The Coca-Cola Company
- Nestle S.A.
- JAB Holding Company
- Asahi Group Holdings, Ltd.
- McDonald's Corporation
- Danone S.A.
- Dunkin' Brands Group, Inc.
- Suntory Beverage and Food
- Lotte Chilsung Beverage Co Ltd