Market Size of United Kingdom Ready-to-Drink (RTD) Coffee Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.55 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Ready to Drink (RTD) Coffee Market Analysis
The United Kingdom ready-to-drink (RTD) coffee market is projected to register a CAGR of 2.55% during the forecast period.
- The demand for ready-to-drink beverages has grown due to the busy lifestyle, and ready-to-drink coffee, an excellent source of instant energy, is becoming popular amongst youngsters and the middle-aged working population. Ready-to-drink coffee is a healthy substitute for carbonated drinks associated with health hazards such as obesity and hypertension. The ready-to-drink coffee provides convenience by utilizing either brewed coffee or coffee extract that can be consumed in hot and cold form.
- Manufacturers focus on new product development with different flavors as a key strategy to expand their business and improve sales and distribution of ready-to-drink coffee. Product innovation concerning different flavors and tastes helps in gaining customer attention. The added benefits of functional ready-to-drink coffee attract consumers further. Functional ready-to-drink coffee gives scope to the key players to differentiate themselves from the competitors and gain an edge in the market.
- For instance, in September 2022, Califia Farms launched Pumpkin Spice Cold Brew, which will be available in Asda, Tesco, and Sainsbury. The brand-new RTD cold brew with real pumpkin purée and almond drink, combined with a warming blend of cinnamon, ginger, and nutmeg. The result is a drink that caters to retailers looking to make the most of seasonal drinks trends.
