RTD coffee market to reach $42.36bn by 2030
The ready-to-drink (RTD) coffee market size was valued at $26.3 billion in 2022 and is expected to reach $42.36 billion by 2030, growing at a CAGR of 8.3% during the forecast period, according to a new report.
RTD coffee is a drink that comes in a package and is already made and ready to drink. But there are many ways to package these from PET bottles to cans, glass, and tetra packs.
Coffee is one of the most popular drinks in the world, and the number of people who want ready-to-drink coffee has grown a lot in recent years.
The main things that drive the market for RTD coffee are how easy and quick it is to use. As the number of people who want this product grows, manufacturers, distributors, and retailers in the RTD coffee market have several chances to grow.
The canned and bottled versions of RTD coffee are popular and easy to find, which has been good for the market.
Ready-to-drink coffee has also changed over time, with more and more complex flavours being added to the market.
Value-added coffees that are organic and/or fair-trade and come in easy-to-use packaging like cartons, bottles, and cups with lids should lead to steady sales growth over the next few years.
Ready-to-drink coffee is mostly sold in supermarkets, hypermarkets, and convenience stores, all of which are mass merchandisers.
Due to the rapid rise in demand, convenience stores, quick-service restaurants, and gas stations now sell high-quality coffee at prices that are easy on the wallet