Cold brew coffee is a type of coffee that is extracted by soaking coffee powder in cold water below 5℃ for a long time at a low temperature. It usually takes 8 to 12 hours to extract. The extraction process of this coffee must be finely ground and slowly extracted to fully extract the flavor of the coffee.
Overview of Market Development
According to our research data, the estimated revenue of the European cold extract coffee market in 2024 is 193 million, an increase of 22.00% compared to 2023. In the coming years, with the further popularization of coffee culture, people will have higher requirements for the quality and taste of coffee, which will provide new impetus for market growth. In addition, with the popularity of the Internet and the rise of e-commerce platforms, cold brew coffee shops can break the traditional business model of physical stores and open up a broader market. It is expected that the revenue of the European cold brew coffee market will increase to $461 million by 2029, with a CAGR estimated at 19.02% from 2024 to 2029.
Segmented Market Analysis
According to different production processes, cold brew coffee can generally be divided into three categories: original cold brew coffee, foam cold brew coffee, and nitro cold brew coffee. Among them, the original cold brew coffee occupies the largest market share, with an estimated 35.51% in 2024.
Europe Cold Brew Coffee Market Revenue and Market Share by Type Forecast
Source: www.globalmarketmonitor.com
Market Analysis of Major Countries
Research shows that the UK is the largest revenue-generating country for cold brew coffee in Europe. Data shows that the revenue of the UK cold extract coffee market is expected to reach $34.97 million in 2024, with an estimated market share of 18.37%; Germany and France are expected to rank second and third respectively with market shares of 12.89% and 8.88%.
Europe Cold Brew Coffee Market Revenue and Market Share by Country Forecast in 2024
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Countries
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Market Revenue (Million USD)
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Market Share
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Germany
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24.54
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12.89%
|
|
UK
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34.97
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18.37%
|
|
France
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16.91
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8.88%
|
|
Italy
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14.23
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7.48%
|
|
Spain
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11.50
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6.04%
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Russia
|
6.31
|
3.31%
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Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global Cold Brew Coffee Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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