Leading Companies in Global Cold Brew Coffee Market, Driven by Growing Popularity of Ready-To-Drink Beverages

The global cold brew coffee market reached a value of about USD 604.47 million in 2023. The market is further estimated to grow at a CAGR of 22.5% in the forecast period of 2024-2032 to reach a value of around USD 3751.76 million by 2032. As per the analysis by Expert Market Research, the market is expected to be aided by the rising demand for ready-to-drink beverages with changing lifestyles.

Cold-brewed coffee is made by steeping coffee in water for several hours at cold or ambient (room) temperature. The distinctive ability of cold brewed coffee to meet consumer demands for convenience, health and premium flavour is catering to its greater adoption, further supporting the market growth.

The increasing popularity of ready-to-drink beverages is a key factor supporting the cold brew coffee market growth. Consumers are inclined towards the convenience of grabbing cold-brew coffee from the fridge or a coffee shop, ready to consume without the need for brewing or preparation. RTD cold brews are being made available in several flavours and packaging formats, catering to diverse consumer preferences.

In 2020, Starbucks sold 90 million Pumpkin Cream Cold Brews, a significant increase with respect to its Pumpkin Spice Latte. In 2022, cold coffee beverages accounted for around 75% of total beverage sales in US-operated stores.

Innovation in the sector is improving beyond the wide range of coffee products available. Manufacturers of coffee brewing equipment are finding new, more efficient ways to brew cold coffee. For instance, in April 2022, Marco Beverage Systems, a leading manufacturer of water and coffee brewing systems for the HORECA, foodservice and speciality beverage industries launched POUR’D: a cold coffee dispensing system that allows sites to serve cold coffee at the point of service.

Figure: Global Coffee Consumption by Region: 2022

As per the  cold brew coffee market analysis, premiumisation is gaining traction, further adding value to the sector and enabling wider growth. The increasing disposable incomes and changing lifestyles is catering to the increased adoption of premium cold brewed coffee. With the demand for a higher-quality cold coffee product increasing, there is a significant opportunity for farmers to produce and sell their coffee at the higher prices to speciality coffee receives.

In July 2024, Bones Coffee Co. launched ready-to-drink (RTD) cold brew lattes in five flavours including Sinn-O-Bun, French Toast, Holy Cannoli, S’morey Time, and Electric Unicorn. The flvaours are made available in Walmart stores, while the company developed Sinn-O-Bun as an exclusive flavour for Walmart.

Top 5 Cold Brew Coffee Companies in the World:

Califia Farms, LLC

Califia creates innovative premium beverages that are made available in plant-based and dairy-free formats. The manufacturing plant in California is powered by renewable energy and re-purposes more than 90% of its post-production byproduct. The product portfolio of the company includes plant milks, creamers, barista blends, coffees and teas, seasonal, and kitchen companions. Some of the cold brew coffees include Pure Black Medium Roast, Pure Black Blonde Roast, Pure Black Iced Coffee, Organic Breakfast Blend, etc.

Sleepy Owl Coffee

Sleepy Owl has a vast product portfolio that includes cold brew packs, hot brew bags, ready-to-drink cold brew bottles, ground coffee, premium instant coffee and a range of merchandise. The company’s signature chocolatey and nutty flavour is derived from beans cultivated in Grade-A plantation at 5300ft in Chikmagalur, Karnataka. The coffee is packaged in packs made with paper, and aluminium and are 100% recyclable.

HighBrewCoffee

High Brew Coffee is a 100% all natural ready-to-drink cold-brewed coffee made from 100% certified fair trade arabica beans. Headquartered in the United States, the company’s product portfolio includes espresso smart coffee, cinnamon vanilla smart coffee, coconut macha smart coffee, Mexican vanilla, double espresso, dark chocolate mocha, peppermint mocha, nitro cold brew, nitro caramel cold brew, nitro sweet cream cold brew, etc.

Kohana Coffee

Kohana Coffee is engaged in providing speciality coffee and cold brew concentrate. The company’s product portfolio includes cold brew concentrate, ready-to-drink, and slow-roasted. The cold brew concentrate provided by the company has no added sugar, artificial flavours, sweeteners or colours. The ready to drink coffee portfolio includes Tahitian vanilla, volcanic black, salted caramel, and mocha almond milk.

Rise Brewing Co.

The company’s nitro cold brew portfolio includes Original Black, Oat Milk Latte, Vanilla Latte, Mocha, Salted Caramel, London Fog Latte, And Variety Pack. In 2021, the company’s ready-to-drink cans were made available in over 20,000 doors across the United States. The nitro cold brew variety is organic, dairy-free, vegan, and non-GMO.