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Ready to Drink Coffee Market Size

The Ready to Drink Coffee Market is experiencing significant growth, driven by the increasing demand for convenient on-the-go beverage options. This market's expansion is fueled by the rising popularity of cold brew coffee, particularly among consumers seeking lower acidity and sweetness. The Asia-Pacific region leads in market share, with Japan, China, and South Korea being key contributors, while North America follows closely. The Middle East is expected to see the highest growth rate, supported by a growing interest in specialty coffees and strategic government initiatives. Online platforms are becoming the dominant distribution channel, enhancing consumer access to product information and reviews.

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Market Size of ready to drink coffee Industry

Ready to Drink Coffee Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Size (2024) USD 23.67 Billion
svg icon Market Size (2030) USD 32.51 Billion
svg icon Largest Share by Soft Drink Type Iced coffee
svg icon CAGR (2024 - 2030) 5.43 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Ready to Drink Coffee Market Analysis

The Ready to Drink Coffee Market size is estimated at 23.67 billion USD in 2024, and is expected to reach 32.51 billion USD by 2030, growing at a CAGR of 5.43% during the forecast period (2024-2030).

23.67 Billion

Market Size in 2024 (USD)

32.51 Billion

Market Size in 2030 (USD)

3.90 %

CAGR (2018-2023)

5.43 %

CAGR (2024-2030)

Largest Segment by Soft Drink Type

27.67 %

value share, Iced coffee, 2023

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Iced Coffee is one of the most popular go -to caffeinated beverage owing to growing inclination among youth and innovation of flavors alongside variants without added sugar.

Largest Region

64.67 %

value share, Asia-Pacific, 2023

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Owing to growing level of production in countries like Vietnam and Indonesia coupled with rising popularity of caffeinated beverages to enhance their mental alertness and focus.

Fastest-growing segment by Soft Drink Type

6.40 %

Projected CAGR, Cold Brew Coffee, 2024-2030

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Cold brew coffee is growing in popularity owing to rising innovation with launch of low caffeine and calorie and zero added sugar versions catering to the health-conscious consumers.

Fastest-growing region

10.65 %

Projected CAGR, South America, 2024-2030

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Owing to growing level of consumption and innovation and better marketing strategies, RTD coffee brands are observed to be gaining a better foothold in the market.

Leading Market Player

18.95 %

market share, PepsiCo, Inc., Inc.

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PepsiCo, Inc. is one of the largest global food and beverage company, and has high level of penetration owing to its strict adherence to regulations and governance principles.

The growing trend for on-the-go beverages globally resulted in higher sales

  • RTD coffee's popularity stems from its convenience and the wide array of flavors it is available in globally. With busier lifestyles, on-the-go consumption has surged, and RTD coffee caters perfectly to this trend. Its appeal extends beyond convenience. Moreover, its ability to satisfy diverse coffee preferences has been pivotal in its growth. Thus, the RTD coffee market witnessed a notable growth of 9.87% by value in 2023 compared to 2021.
  • Among RTD coffee types, cold brew experienced the highest growth. Cold brew, with its lower acidity (than hot brew coffee) and inherent sweetness, with or without sugar, appeals to consumers, especially those with diabetes. In 2022, the global diabetic population surpassed 537 million. This factor contributed to the growth of the segment, as more consumers purchased cold brew coffee. Thus, the segment recorded an impressive CAGR of 4.41% by value from 2018 to 2023.
  • Off-trade channels, particularly online platforms, dominate RTD coffee distribution. The online channel is the fastest-growing distribution channel, and it is projected to achieve a CAGR of 6.63% by volume from 2024 to 2030. This growth is fueled by increasing internet penetration, which reached 5.3 billion users, accounting for 65.7% of the global population as of October 2023. Online platforms offer comprehensive information, including ingredients, nutrition facts, and customer reviews, empowering consumers to make informed RTD coffee choices.
Global Ready to Drink Coffee Market

The robust consumption of RTD coffee amongst all age groups drives market growth

  • From 2021 to 2023, the global RTD coffee market witnessed a 9.12% growth in value. This surge can be attributed to a consumer shift toward convenient, on-the-go options fueled by rapid urbanization and industrialization. As of 2023, the RTD coffee segment commanded a 3.49% market share in the global soft drinks market.
  • As of 2023, the Asia-Pacific region emerged as the dominant player in the RTD coffee market, both in terms of value and volume. Projections indicate a 5.03% CAGR by value for the region between 2024 and 2030. Japan, China, and South Korea stood out as the key markets, collectively accounting for 82.53% of the region's RTD coffee value sales in 2023. Notably, Japan, the fifth-largest global importer of coffee, consumed a staggering 433 million tons in 2021-2022.
  • North America holds the second-largest share of the RTD coffee market. This beverage has gained significant popularity, particularly among the younger demographic in countries like the United States and Canada. In 2022, 30% of Americans opted for iced coffee, cold brew, or other chilled variants. Breaking it down further, 43% of millennials and 38% of Gen Z respondents reported consuming iced coffee, compared to 24% of baby boomers.
  • The Middle East is poised to witness the highest growth rate in the RTD coffee market, with an anticipated CAGR of 14.4% by value during the 2024-2030 period. This surge can be attributed to a rising demand for specialty coffees and government initiatives aimed at boosting coffee consumption. For instance, the Saudi Coffee Company plans to invest nearly USD 320 million over the next decade, aiming to ramp up the country's domestic coffee production from 300 to 2,500 tonnes annually.

Ready to Drink Coffee Industry Segmentation

Cold Brew Coffee, Iced coffee are covered as segments by Soft Drink Type. Aseptic packages, Glass Bottles, Metal Can, PET Bottles are covered as segments by Packaging Type. Off-trade, On-trade are covered as segments by Distribution Channel. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • RTD coffee's popularity stems from its convenience and the wide array of flavors it is available in globally. With busier lifestyles, on-the-go consumption has surged, and RTD coffee caters perfectly to this trend. Its appeal extends beyond convenience. Moreover, its ability to satisfy diverse coffee preferences has been pivotal in its growth. Thus, the RTD coffee market witnessed a notable growth of 9.87% by value in 2023 compared to 2021.
  • Among RTD coffee types, cold brew experienced the highest growth. Cold brew, with its lower acidity (than hot brew coffee) and inherent sweetness, with or without sugar, appeals to consumers, especially those with diabetes. In 2022, the global diabetic population surpassed 537 million. This factor contributed to the growth of the segment, as more consumers purchased cold brew coffee. Thus, the segment recorded an impressive CAGR of 4.41% by value from 2018 to 2023.
  • Off-trade channels, particularly online platforms, dominate RTD coffee distribution. The online channel is the fastest-growing distribution channel, and it is projected to achieve a CAGR of 6.63% by volume from 2024 to 2030. This growth is fueled by increasing internet penetration, which reached 5.3 billion users, accounting for 65.7% of the global population as of October 2023. Online platforms offer comprehensive information, including ingredients, nutrition facts, and customer reviews, empowering consumers to make informed RTD coffee choices.
Soft Drink Type
Cold Brew Coffee
Iced coffee
Other RTD Coffee
Packaging Type
Aseptic packages
Glass Bottles
Metal Can
PET Bottles
Distribution Channel
Off-trade
Convenience Stores
Online Retail
Specialty Stores
Supermarket/Hypermarket
Others
On-trade
Region
Africa
Egypt
Nigeria
South Africa
Rest of Africa
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
Qatar
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
Canada
Mexico
United States
Rest of North America
South America
Argentina
Brazil
Rest of South America
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Ready to Drink Coffee Market Size Summary

The Ready to Drink (RTD) Coffee Market is experiencing significant growth, driven by the increasing demand for convenient and flavorful coffee options. This market's expansion is largely attributed to the fast-paced lifestyles of consumers, which have heightened the appeal of on-the-go coffee solutions. The diverse range of flavors available in RTD coffee, including popular options like cold brew, has further contributed to its rising popularity. Cold brew, in particular, has seen substantial growth due to its lower acidity and natural sweetness, making it an attractive choice for health-conscious consumers, including those with diabetes. The market's growth is also supported by the dominance of online distribution channels, which are benefiting from the surge in internet penetration and offer consumers detailed product information to aid their purchasing decisions.

Regionally, the Asia-Pacific area leads the RTD coffee market, with Japan, China, and South Korea being key contributors to its value sales. North America follows as the second-largest market, with a notable preference for chilled coffee variants among younger demographics. The Middle East is poised for the highest growth rate, driven by increasing demand for specialty coffees and supportive government initiatives. Flavor variety and pricing are crucial factors influencing consumer choices in this market, with health benefits also playing a significant role in purchasing decisions. The market is moderately consolidated, with major players like Kirin Holdings, Nestle, PepsiCo, Suntory Holdings, and The Coca-Cola Company holding significant shares. Recent strategic partnerships and product launches, such as those by Keurig Dr. Pepper and Nestlé, highlight ongoing efforts to capitalize on the growing RTD coffee segment.

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Ready to Drink Coffee Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)

    1. 1.1 Soft Drink Type

      1. 1.1.1 Cold Brew Coffee

      2. 1.1.2 Iced coffee

      3. 1.1.3 Other RTD Coffee

    2. 1.2 Packaging Type

      1. 1.2.1 Aseptic packages

      2. 1.2.2 Glass Bottles

      3. 1.2.3 Metal Can

      4. 1.2.4 PET Bottles

    3. 1.3 Distribution Channel

      1. 1.3.1 Off-trade

        1. 1.3.1.1 Convenience Stores

        2. 1.3.1.2 Online Retail

        3. 1.3.1.3 Specialty Stores

        4. 1.3.1.4 Supermarket/Hypermarket

        5. 1.3.1.5 Others

      2. 1.3.2 On-trade

    4. 1.4 Region

      1. 1.4.1 Africa

        1. 1.4.1.1 Egypt

        2. 1.4.1.2 Nigeria

        3. 1.4.1.3 South Africa

        4. 1.4.1.4 Rest of Africa

      2. 1.4.2 Asia-Pacific

        1. 1.4.2.1 Australia

        2. 1.4.2.2 China

        3. 1.4.2.3 India

        4. 1.4.2.4 Indonesia

        5. 1.4.2.5 Japan

        6. 1.4.2.6 Malaysia

        7. 1.4.2.7 South Korea

        8. 1.4.2.8 Thailand

        9. 1.4.2.9 Vietnam

        10. 1.4.2.10 Rest of Asia-Pacific

      3. 1.4.3 Europe

        1. 1.4.3.1 Belgium

        2. 1.4.3.2 France

        3. 1.4.3.3 Germany

        4. 1.4.3.4 Italy

        5. 1.4.3.5 Netherlands

        6. 1.4.3.6 Russia

        7. 1.4.3.7 Spain

        8. 1.4.3.8 Turkey

        9. 1.4.3.9 United Kingdom

        10. 1.4.3.10 Rest of Europe

      4. 1.4.4 Middle East

        1. 1.4.4.1 Qatar

        2. 1.4.4.2 Saudi Arabia

        3. 1.4.4.3 United Arab Emirates

        4. 1.4.4.4 Rest of Middle East

      5. 1.4.5 North America

        1. 1.4.5.1 Canada

        2. 1.4.5.2 Mexico

        3. 1.4.5.3 United States

        4. 1.4.5.4 Rest of North America

      6. 1.4.6 South America

        1. 1.4.6.1 Argentina

        2. 1.4.6.2 Brazil

        3. 1.4.6.3 Rest of South America

Ready to Drink Coffee Market Size FAQs

The Global Ready to Drink Coffee Market size is expected to reach USD 23.67 billion in 2024 and grow at a CAGR of 5.43% to reach USD 32.51 billion by 2030.

In 2024, the Global Ready to Drink Coffee Market size is expected to reach USD 23.67 billion.

Ready to Drink Coffee Market Report Snapshots

Ready to Drink Coffee Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis Up to 2030