Market Size of Brazil Ready-to-Drink (RTD) Coffee Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 2.80 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Brazil RTD Coffee Market Analysis
Brazil's ready-to-drink (RTD) coffee market is expected to register a CAGR of 2.8% over the next five years.
- Brazil is one of the largest producers of coffee beans in the world. According to National Supply Company (Portuguese: Companhia Nacional do Abastecimento (CONAB)), in 2022, the revenue of coffee production in Brazil was USD 11.81 billion. Brazil is one of the largest coffee-producing countries in the world, and coffee consumption is deeply ingrained in Brazilian culture. As a result, the country has a high demand for coffee beverages.
- Ready-to-drink coffee beverages have become increasingly popular in recent years due to their convenience and portability. These types of beverages are often packaged in containers such as cans or bottles, making them easy to consume on the go or while traveling. Ready-to-drink coffee products provide energy, freshness, and antioxidant benefits, so their consumption is increasing among millennials and working people.
- Additionally, the availability of ready-to-drink coffee products across various distribution channels has played a significant role in driving the market's growth. Supermarkets and retail stores are the primary channels for the distribution of these products in Brazil, as they allow manufacturers to reach a wide consumer base. Convenience stores have also become a popular distribution channel, particularly in urban areas where consumers are always on the go and looking for quick and easy options.
- In recent years, the growth of e-commerce has further expanded the reach of ready-to-drink coffee products in Brazil. With the increasing adoption of online shopping, consumers can now easily purchase their favorite coffee beverages from the comfort of their homes and have them delivered to their doorstep. This has opened up new opportunities for manufacturers to reach consumers in remote areas where traditional distribution channels may not be as accessible.
- With an increasing emphasis on health and wellness, many consumers in Brazil are turning to coffee beverages as a healthier alternative to sugary carbonated drinks. To cater to this growing market of health-conscious consumers, many coffee beverage manufacturers are innovating and diversifying their product offerings. In addition to traditional coffee flavors, they incorporate new and unique flavors, such as floral notes and other natural flavors, to appeal to younger consumers looking for new taste experiences. These innovations have helped drive growth in the ready-to-drink coffee market in Brazil, as more consumers opt for these products over highly processed drinks.
- However, increasing prices of coffee beans in the market are expected to restrain the market growth in the country. Over the medium term, the market is expected to grow owing to increasing innovations and consumer demand for convenience products.
Brazil RTD Coffee Industry Segmentation
Ready-to-drink coffee (RTD coffee) refers to packaged, pre-made coffee beverages that are ready to consume without additional preparation. These products are usually sold in single-serve containers such as cans, bottles, or cartons and are designed for on-the-go consumption.
Brazil's ready-to-drink coffee market is segmented by packaging type into bottles, cans, and other types of packaging. Based on product type, the market is segmented into cold brew coffee and other RTD coffee. Based on the distribution channel, the market is segmented into supermarkets/hypermarkets, specialty stores, online stores, and other distribution channels.
For each segment, the market sizing and forecasts have been done based on the value in USD million.
Packaging Type | |
Bottle (PET/Glass) | |
Cans | |
Other Packaging Types |
Product Type | |
Cold Brew Coffee | |
Other RTD Coffee |
Distribution Channles | |
Supermarkets/Hypermarkets | |
Specialty Stores | |
Online Retail Stores | |
Other Distribution Channles |
Brazil Ready-to-Drink (RTD) Coffee Market Size Summary
The ready-to-drink (RTD) coffee market in Brazil is experiencing steady growth, driven by the country's deep-rooted coffee culture and its status as one of the largest coffee producers globally. The convenience and portability of RTD coffee beverages have made them increasingly popular, especially among millennials and the working population who seek quick and easy consumption options. The market is further bolstered by the availability of these products through various distribution channels, including supermarkets, retail stores, and the burgeoning e-commerce sector. The rise of online shopping has expanded the reach of RTD coffee, allowing consumers to purchase their favorite beverages from the comfort of their homes, thereby catering to those in remote areas and busy urban centers alike.
As health and wellness trends gain traction, Brazilian consumers are increasingly opting for RTD coffee as a healthier alternative to sugary drinks, prompting manufacturers to innovate and diversify their offerings with unique flavors to attract younger audiences. The market is characterized by a fragmented landscape with both regional and global players, such as Starbucks, Coca-Cola, PepsiCo, and Nestlé, actively launching new products and engaging in mergers and acquisitions to strengthen their market presence. Despite challenges like rising coffee bean prices, the demand for convenient and portable coffee solutions is expected to sustain market growth, supported by the ongoing expansion of e-commerce and the increasing preference for on-the-go consumption among Brazil's growing workforce.
Brazil Ready-to-Drink (RTD) Coffee Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Packaging Type
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2.1.1 Bottle (PET/Glass)
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2.1.2 Cans
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2.1.3 Other Packaging Types
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2.2 Product Type
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2.2.1 Cold Brew Coffee
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2.2.2 Other RTD Coffee
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2.3 Distribution Channles
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2.3.1 Supermarkets/Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online Retail Stores
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2.3.4 Other Distribution Channles
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Brazil Ready-to-Drink (RTD) Coffee Market Size FAQs
What is the current Brazil Ready-to-Drink (RTD) Coffee Market size?
The Brazil Ready-to-Drink (RTD) Coffee Market is projected to register a CAGR of 2.80% during the forecast period (2024-2029)
Who are the key players in Brazil Ready-to-Drink (RTD) Coffee Market?
Starbucks Corporation, The Coca-Cola Company, PepsiCo Inc., Restaurant Brands Inc (Tim Hortons) and Nestlé SA are the major companies operating in the Brazil Ready-to-Drink (RTD) Coffee Market.