The global nitrogenated coffee market size is expected to reach USD 51.1 million by 2025, according to a new report by Radiant Insights, Inc., expanding at a CAGR of 26.6% over the forecast period. Increasing number of health conscious consumers is expected to fuel the demand for the product, which contains less sugar and calorie as compared to other caffeinated beverages. In addition, the thick texture and sweet taste of the nitrogenated products are expected to boost the market growth in the upcoming years.
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The vanilla flavor dominated the market, accounting for over 40.0% share of the global revenue in 2018. Increased popularity of this flavor across the globe has fueled the demand. The fruit and nuts flavor is expected to witness significant growth in the near future owing to growing demand for maple, coconut, hazelnut, and pecan flavored product. In December 2018, PJ’s Coffee introduced its southern pecan flavored nitrogen infused cold brew.
In terms of packaging, can is expected to expand at the fastest CAGR of 29.0% from 2019 to 2025. Growing demand for ready-to-drink beverages is anticipated to fuel the growth of the segment in the near future. In April 2015, Stumptown Coffee Roasters launched its canned nitro cold brew considering the growing demand for ready-to-drink beverage.
North America held the largest share for over 80.0% of the total revenue in 2018. A large number of regular coffee consumers and presence of major players in this region have increased the demand for the product. Furthermore, manufacturers are expanding their business in Asia Pacific owing to rapidly growing popularity of the product in the countries including Japan, China, South Korea, and Indonesia.
Key competitors of this industry include International Coffee & Tea, LLC, Starbucks Corporation, McDonald’s, Stumptown Coffee Roasters, RISE Brewing Co., Dunkin’, NITRO Beverage Co., Califia Farms, Blackeye Roasting Co., and Bona Fide Nitro Coffee and Tea.
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Further key findings from the report suggest:
• The nitrogenated coffee market in North America held the largest share of more than 80.0% in 2018
• Asia Pacific is expected to expand at the fastest CAGR of 30.7% from 2019 to 2025
• By flavor, vanilla held the largest share of more than 40.0% in 2018
• By packaging, can is expected to expand at the fastest CAGR of 29.0% from 2019 to 2025.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope1.2. Market Definition1.3. Information Procurement1.3.1. Purchased Database1.3.2. GVR’s Internal Database1.3.3. Secondary Sources & Third-Party Perspectives1.3.4. Primary Research1.4. Information Analysis 1.4.1. Data Analysis Models1.5. Market Formulation & Data Visualization1.6. Data Validation & Publishing
Chapter 2. Executive Summary2.1. Market Outlook2.2. Segmental Outlook2.3. Competitive Insights
Chapter 3. Nitrogenated Coffee Market Variables, Trends & Scope3.1. Market Introduction3.2. Penetration & Growth Prospect Mapping3.3. Industry Value Chain Analysis3.3.1. Sales/Retail Channel Analysis3.3.2. Profit Margin Analysis3.4. Market Dynamics3.4.1. Market Driver Analysis3.4.2. Market Restraint Analysis3.4.3. Industry Challenges3.4.4. Industry Opportunities3.5. Business Environment Analysis3.5.1. Industry Analysis – Porter’s3.5.1.1. Supplier Power3.5.1.2. Buyer Power3.5.1.3. Substitution Threat3.5.1.4. Threat from New Entrant 3.5.1.5. Competitive Rivalry3.6. Roadmap of Nitrogenated Coffee Market3.7. Market Entry Strategies
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