“Global Liquid coffee Market”

MRFR recognizes the following companies as the key players in the global liquid coffee market — Café Amazon, Café du Monde, Caffè Nero, Coffee Beanery, Costa Coffee, Dunkin’Donuts LLC, Four Barrel Coffee, Gloria Jean’s Coffees, McCafé USA, and Starbucks Corporation.

The global liquid coffee market is accounted to register a CAGR of 4.20% during the forecast period and is estimated to reach USD 35.7 Billion by 2032.

Globally, the liquid coffee market is expanding as more people look for ready-to-drink coffee options that are convenient. The industry is expanding as a result of elements such shifting customer habits, rising demand for beverages to drink on the go, and growing convenience store chains. Different liquid coffee formats, such as cold brew, iced coffee, and coffee concentrates, have their opportunities.

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Segment Analysis

The global liquid coffee market has been segmented based coffee type, serving type, application, and foodservice type.

On the basis of coffee type, the market is segmented into Espresso, cappuccino, latte, and other beverages. With 45.45% of market revenue, the espresso sector dominated the industry. When hot water and finely ground coffee beans are combined under high pressure, espresso, a powerful coffee beverage, is produced.

Based on serving type, the global liquid coffee market has been segmented into hot coffee and cold coffee. The category of hot coffee brought in the most money. When hot water and finely ground coffee beans are combined under high pressure, espresso, a powerful coffee beverage, is produced.

Based on application, the global liquid coffee market has been segmented into take away/delivery and dine-in coffees. Takeaway/Delivery was the category with the most revenue. Customers in this market like liquid coffee because it is portable and convenient, allowing them to enjoy their coffee drinks while they are on the go, at work, or doing other things.

Based on Foodservice Type, the global liquid coffee market has been segmented into coffeehouse & beverage shops, bakery shops & restaurants, and others. The category of coffeehouse and beverage shops generated the highest revenue. Starbucks, Costa Coffee, and Dunkin’ are three coffee shop chains with substantial worldwide reach and a wide range of liquid coffee alternatives for customers. These companies are well known for their expertise in creating speciality coffee drinks, and they provide brewed coffee, espresso-based beverages, cold brews and iced coffees, among other types.

Regional Analysis

The global liquid coffee market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe liquid coffee market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The liquid coffee market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World liquid coffee market comprises of Middle East, Africa, and Latin America.

The North America Liquid Coffee Market dominated this market in 2022 (45.80%). In North America, convenience is a key market driver for liquid coffee. Because of our fast-paced world and on-the-go lifestyle, the need for portable and ready-to-drink coffee solutions has increased. The availability of RTD coffee products at supermarkets, convenience stores, and coffee chains satisfies consumers’ desire for convenience.

Moreover, the second-largest market share belongs to the liquid coffee market in Europe. In Europe, where there is a strong coffee culture, drinking coffee has a long history. This societal love of coffee has increased demand for liquid coffee products.

Additionally, from 2023 to 2032, the Asia-Pacific liquid coffee market is anticipated to see the quickest CAGR growth. Recently, the APAC region has seen a marked surge in coffee consumption. Rising disposable incomes, urbanisation, and the spread of Western coffee culture have all contributed to an increase in demand for liquid coffee products.

Furthermore, due to the region’s rising coffee consumption, the liquid coffee market in Latin America is expanding. The demand for convenient and tasty coffee options, urbanisation, and a changing lifestyle are some of the factors driving market expansion. There are opportunities for several liquid coffee formats that can accommodate the wide range of preferences of Latin American customers.

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Key Findings of the Study

• The global liquid coffee market is expected to reach USD 35.7 Billion by 2032, at a CAGR of 4.20% during the forecast period.
• The Asia-Pacific region accounted for the fastest-growing global market due to the consumption of coffee has significantly increased recently in the APAC area.
• Based on serving type, the hot coffee segment was attributed to holding the largest market in 2022.
• Café Amazon, Café du Monde, Caffè Nero, Coffee Beanery, Costa Coffee, Dunkin’Donuts LLC, Four Barrel Coffee, Gloria Jean’s Coffees, McCafé USA, and Starbucks Corporation.

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