Ready to Drink Coffee Market Size

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).

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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

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

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

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

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.

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

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

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.