Coffee Beverages Market | Contrive Datum Insights

Market Overview:

The Global Coffee Beverages Market Size Was Valued At USD 29.28 Billion In 2022 And Is Projected To Reach USD 53.40 Billion By 2030, Growing At A CAGR Of 7.8% From 2022 To 2030.

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One of the most popular drinks in the world is coffee. The number of people who drink coffee and who like it as a drink has grown a lot around the world. What goes into coffee determines how it tastes. Coffee is a drink that is made from roasted coffee beans from the coffee tree. Depending on where and how they were grown, coffee drinks are different in size, shape, color, and taste. The coffee tree is from Asia and Africa, where it grows in subtropical areas. Central and Latin America are now also growing coffee trees.

Robusta coffee beans and Arabica coffee beans, or a mix of the two, are used to make coffee. Arabica beans only have 1.5% caffeine, but robusta beans have 2.7% caffeine. Also, in the US, coffee shops are putting a lot of emphasis on their cold-drink services, which is making millennials want cold coffee even more. The American Coffee Association says that people between the ages of 18 and 25 drink more iced coffee than anyone else. This is more than twice as many as any other age group.

Different places drink coffee in different ways. Countries that drink a lot of coffee, like Brazil, the United States, Germany, and Italy, have always been big buyers. But changing lifestyles and the influence of Western culture have led to a rise in coffee consumption in China and India, as well as other emerging markets in Asia.

In the past few years, there has been a growing interest in specialty coffee, which is high-quality coffee made from beans that have been carefully chosen and brewed with care. Specialty coffee shops and cafes have become more popular because they focus on the artisanal parts of making coffee.

Market Dynamics:

Market Trends:

• Growing Demand for Convenient Beverage

There are a lot of new coffee products in the "convenient" category, like cold brew, snap chilled coffee, and sparkling canned coffee. People between the ages of 18 and 39 are more likely to buy these products. People are moving away from traditional carbonated soft drinks and energy drinks in favor of RTD products because they are healthier. Also, people who are always on the go are turning to these products because they fit with their busy lives.

• Innovative Coffee Brewing Methods

Pour-over, Aeropress, and French press were becoming more popular as alternatives to the traditional ways of making coffee. Coffee lovers could try out different flavors and ways to extract the coffee, which made their brewing experience better.

Driving Factors:

• Decline in Consumption of Carbonated Soft Drinks (CSDs) and Energy Drinks

People all over the world are becoming more health conscious, and this has caused them to switch from CSDs and energy drinks to ready-to-drink coffee. Also, CSDs and energy drinks are linked to health problems like obesity and high blood pressure. So, there is more demand for a healthy alternative like Coffee.

• Growing Coffee Consumption to Boost the Product Demand

The number of millennials who drink coffee is going up. So, this rising consumption would make people more likely to buy easy-to-use products like ready-to-drink coffee. Also, more and more older people are getting used to the taste of coffee, and the drinks give you energy, which makes more people want to buy them.

• Increasing Consumer Preference for Healthier and Convenient Beverages

A big reason for the growth of the sparkling Coffee beverages market is that more and more people prefer ready-to-drink drinks that are healthier and more convenient than traditional sugary energy drinks and sodas. The growth of the market has also been helped by the popularity of cold brew coffee and other innovative RTD options, especially among millennials. The pandemic has also changed how people act, with more people wanting to eat and drink at home. In the coming years, the market is likely to be driven even more by the introduction of new products and flavors, as well as by the constant development of new ideas in the RTD category.

Restraints/Challenges:

• Fluctuation in the Raw Material Prices

The price of coffee beans is affected a lot by how much it costs to grow crops and how unpredictable the weather is. The International Coffee Organization says that the price of coffee beans has been going down since 2016. So, the constant changes in the price of coffee beans have caused the costs of making this product to go up. Also, ready-to-drink coffee is more expensive than regular coffee, which slows down the growth of the market.

• Competition from Other Ready-To-Drink Beverages

The competition from other ready-to-drink drinks, like carbonated soft drinks and energy drinks, is a big problem for the sparkling Coffee beverages market. These products have been around for a long time and have a strong market. Some people may like them better than sparkling coffee. Also, sparkling coffee drinks tend to be more expensive than regular coffee, which could make price-conscious customers less likely to buy them. The growth of the sparkling Coffee beverages market could be hindered by the fact that there are other options and that well-known brands are also in the market.

• Side Effects Associated with High Consumption of Coffee

Riboflavin, which is found in coffee, helps with a number of oxidation and reduction reactions. A lack of riboflavin can be dangerous. A lack of riboflavin can make your skin flaky, peel your lips in a painful way, and make your tongue sore. If you drink too much coffee, you might feel anxious, have a racing heart, get the shakes, or have trouble thinking. If you have anxiety, you should limit yourself to two cups of coffee a day. If you drink too much coffee, it can give you diarrhea, make you lose water, and upset your stomach. So, these problems are making it hard for the Coffee beverages market to grow.

Opportunities:

• Health and Wellness Coffee

With more people paying attention to health and wellness, coffee shops could offer drinks with functional ingredients, superfoods, or adaptogens to attract health-conscious customers. People who want a complete coffee experience may be interested in coffee blends that give them energy, help them concentrate, or help them relax.

• Specialty Coffee and Third Wave Movement

Specialty coffee continues to grow because consumers are becoming more interested in unique flavors, ethical sourcing, and the overall coffee experience. There is a chance to open specialty coffee shops or roasteries that focus on getting high-quality beans, teaching people about where coffee comes from, and giving customers their own ways to make coffee.

• Market Expansion in Emerging Economies

In places like China, India, and Brazil, which are growing economies, the Coffee beverages market is still growing. There are chances to get into these markets, grow them, and form partnerships with local distributors or coffee shops in these areas.

Strategic Development:

• In November 2021 - Coca-Cola said that it had paid $5.6 billion to buy the sports drink company Bodyarmor. Coca-Cola is trying to grow its customer base, and its most recent move is the largest purchase it has ever made.
• In July 2021 - Nestlé and Starbucks Corp. announced a new partnership. The goal of this is to send Starbucks Ready-to-Drink (RTD) coffee drinks to select markets in Southeast Asia, Oceania, and Latin America. As of 2022, the companies would try to get these coffee drinks to customers as soon as possible.
• In July 2020 - It was said that the Coca-Cola Company would release a 12-ounce ready-to-drink coffee product in January. It would also go into the market for hard seltzer. The company would sell a drink called "Coca-Cola with Coffee" that tastes like both Coca-Cola and 100% Brazilian coffee.
• In March 2020 - Illy, a company based in the United States, started selling illy Cold Brew Coffee, which is naturally sweet and has little acidity. This change helped the company improve its line of products.
• In February 2020 - Cold Brew Coffee from the Danone brand STok Cold Brew came out. Danone's Cold Brew Coffee is perfect for people who want more from their coffee without giving up taste or ease of use.
• In April 2023 - Nestle said that it would buy the French coffee company Cafe Liegeois.
• In March 2023 - Starbucks and Grubhub announced that they would work together to deliver sparkling coffee drinks from Starbucks in certain markets.
• In February 2023 - Sudden Coffee, a new company, started selling DIY sparkling coffee kits.
• In January 2023 - Coca-Cola said that a new line of Coca-Cola with Coffee Zero Sugar drinks would be coming out in the US.

Key Vendors:

Top market players are

• The Coca-Cola

The Coca-Cola Company is a company that sells drinks of all kinds. It has more than 500 brands that are sold in more than 200 countries and territories. In addition to the Coca-Cola brands, the portfolio includes some of the world's most valuable beverage brands, such as AdeS soy-based beverages, Ayataka green tea, Dasani waters.

• Nestle

Nestle SA (Nestle) is a company that makes and sells food and drinks. The company sells baby foods, bottled water, cereals, chocolates and candies, coffee, culinary products, plant-based foods, chilled and frozen foods, dairy products, nutritional products, ice cream, and pet care products.

• Starbucks

Starbucks Corp. (Starbucks) is a store that sells specialty coffee. It roasts, sells, and markets gourmet coffee. Through its stores, the company sells different kinds of coffee blends, handcrafted drinks, goods, and food. Starbucks also sells whole beans and ground coffee, as well as drinks that are already made, snacks, and other drinks.

• Ting Hsin International

Food products are made and sold by Ting Hisin International Group. The company makes cakes, drinks, cereals, oils, and other things. Ting Hisin International Group also runs businesses that invest in the food industry, manage restaurant chains, and do other things.

• Illycaffe

illycaffè is an Italian family business that was started in Trieste in 1933 with the goal of giving the world the best coffee. illycaffè makes a unique 100% Arabica blend by putting together 9 of the best types of Arabica coffee in the world.

• UCC Ueshima Coffee

In 2010, Ucc Ueshima Coffee Co.,Ltd. was started. The company makes soft drinks and carbonated waters as part of its business.

• Luigi Lavazza

Finlav SPA's subsidiary Luigi Lavazza SpA (Lavazza) makes and sells coffee, tea, cocoa, and savory foods. Lavazza has a large retail network that reaches coffee shops, restaurants, and other businesses in the foodservice market around the world. Through this network, Lavazza sells different kinds of coffee blends and other related products.

• Dunkin'Donut

Dunkin' Donuts LLC is a group of restaurants that work as a chain. The company has a drive-thru window where you can get hot and cold coffee, baked goods, and ice cream.

Segmentation Analysis:

The market is segmented on the basis of product type, packaging type, distribution channel and region.

By Product Type:

Based on the type of product, the Coffee beverages market can be broken down further into Café Latte, Cappuccino, Espresso, Café Mocha, Flat White, Cold Brew Coffee, Decaffeinated, and Others. In 2021, the Coffee beverages market was led by the Cold Brew Coffee Segment. This growth is being driven by the fact that more and more people like the taste and texture of cold brew coffee. The Cold Brew Coffee segment is growing because consumers are becoming more aware that coffee beans can produce coffee with vitamins like niacin. Also, the Cappuccino segment is expected to grow at the fastest rate, with a CAGR of 9.1% from 2022 to 2027. It's because of the many health benefits of cappuccino, like the antioxidants that stop tissue damage and the minerals and vitamins, like niacin, that help insulin work better.

• Café Latte
• Cappuccino
• Espresso
• Café Mocha
• Flat White
• Cold Brew Coffee
• Decaffeinated
• Others

By Packaging Type:

Based on the type of packaging, the Coffee beverages market can be further broken down into Bottles, Cans, Tetra Packs, and Others. In 2021, the Coffee beverages market was dominated by the Bottles Segment. This growth is caused by the fact that glass bottles and PET bottles are being used more and more around the world to package Coffee. PET bottles are more popular than traditional glass bottles because they can do more than just hold drinks thanks to new technology. The growth of this segment is also helped by the fact that it can be bought in cheaper formats and has a longer shelf life. Also, the Cans segment is expected to grow at the fastest rate, with a CAGR of 8.3% from 2022 to 2027. This is because canned packaging has many advantages that build on each other, such as keeping flavors fresh and making shopping easier for customers.

• Bottles
• Cans
• Tetra Packs
• Others

By Distribution Channel:

The market is split into Supermarkets and Hypermarkets, Convenience Stores, Food Service, and Others based on how the products are sold. In the global market, the Supermarkets and Hypermarkets segment has the largest market share and is expected to grow quickly over the next few years. The focus of this segment is on each application's market share, growth rate, and chance of having a high value application.

• Hypermarkets/Supermarkets
• Convenience Stores
• Specialty Coffee Shops
• Online Retail

Regional Insights:

The global Coffee Beverages market has been looked at in different parts of the world, like North America, South America, the Middle East, Asia-Pacific, Africa, Europe, and India. In the near future, this market will be led by the global Coffee Beverages region.
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Asia-Pacific, excluding Japan, is expected to be the biggest market for coffee drinks, followed by Europe. This is because more people are drinking coffee, fresh coffee is easy to find at affordable prices, and the number of coffee drinkers in the region is growing, which makes it a good place for brand owners to be.

Due to more people wanting unique coffee drinks, the Japan coffee beverages market is expected to grow at a healthy rate over the next few years. Also, the global coffee beverages market is expected to grow significantly in North America over the next few years. This is because North American coffee drinkers care a lot about their health, drink a lot of coffee per person, and are becoming more interested in cold brew iced coffee.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Scope of Report:

Conclusion:

• This report provides a quantitative analysis of the market segments, current trends, estimates, and dynamics of the computer microchips market from 2022 to 2030 in order to identify the current coffee beverages market opportunity.
• The market research includes information regarding the market's key drivers, restraints, and opportunities.
• The contribution of each region's major countries to the global market's revenue is mapped.
• A comprehensive analysis of the market outlook for coffee beverages market assists in identifying the prevalent market opportunities