Sparkling Coffee Market Size, Share, Growth Analysis, By Type(Ready-to-Drink (RTD) and Do-it-Yourself (DIY)), By Distribution Channel(Offline Market and Online Market), By Region - Industry Forecast 2024-2031

Sparkling Coffee Market size was valued at USD 1.47 billion in 2022 and is poised to grow from USD 1.66 billion in 2023 to USD 4.49 billion by 2031, growing at a CAGR of 13.20% in the forecast period (2024-2031).

sparkling coffee market is characterized by intense competition among various players. Manufacturers are focusing on launching new products, flavors, and innovative packaging to attract more customers and increase their market share. The emergence of new players and the expansion of existing players into new markets has further intensified competition. In addition, companies are investing in marketing and promotional activities to increase brand awareness and attract more consumers. The increasing demand for healthy and convenient beverages has created significant opportunities for companies to expand their product portfolios and gain a competitive edge in the market. 'Starbucks Corporation (US)', 'PepsiCo Inc. (US)', 'Coca-Cola Company (US)', 'Nestle SA (Switzerland)', 'JAB Holding Company (Luxembourg)', 'Illycaffè S.p.A. (Italy)', 'UCC Ueshima Coffee Co. Ltd. (Japan)', 'AJinomoto General Foods Inc. (Japan)', 'Royal Cup Coffee & Tea (US)', 'Lavazza Group (Italy)', 'Tata Beverages Limited (India)', 'The J.M. Smucker Company (US)', 'Keurig Dr Pepper Inc. (US)', 'Strauss Group Ltd. (Israel)', 'Asahi Group Holdings, Ltd. (Japan)', 'Pernod Ricard SA (France)', 'The Coca-Cola Bottling Co. Consolidated (US)', 'Illycaffè North America, Inc. (US)', 'Coffee Roasting Company Inc. (US)', 'East Japan Railway Company (Japan)'

One major driver for the growth of the sparkling coffee market is the increasing consumer preference for healthier and convenient ready-to-drink beverages, as compared to traditional sugary energy drinks and sodas. The popularity of cold brew coffee and other innovative RTD options, particularly among millennials, has also contributed to the market's expansion. The pandemic has also led to a shift in consumer behavior, with a growing demand for at-home consumption. Additionally, the emergence of new products and flavors, coupled with continuous innovation in the RTD category, is expected to further drive the market in the coming years.

One key market trend in the sparkling coffee industry is the increasing demand for organic and sustainable products. Consumers are becoming more conscious of their environmental impact and are looking for products that are ethically sourced, eco-friendly, and have a low carbon footprint. Additionally, the preference for natural and healthy ingredients is driving the demand for organic sparkling coffee beverages. As a result, manufacturers are focusing on developing sustainable supply chains and investing in environmentally friendly packaging solutions to cater to this growing trend. This trend is expected to continue in the coming years, as consumers become more aware of their impact on the environment.

North America dominated the sparkling coffee market, owing to the increasing demand for convenient and healthy alternatives to sugary drinks. The region's preference for ready-to-drink (RTD) beverages has also contributed to the market's growth, with millennials being a major consumer segment. The popularity of cold brew coffee and other innovative RTD options has further boosted the market. The market in North America is expected to continue its dominance in the coming years, with a growing demand for convenient, healthy beverages.