The Asia Pacific Sparkling Coffee Market would witness market growth of 14.2% CAGR during the forecast period (2022-2028).
A wide range of customers, especially those looking for food to go, are drawn to ready-to-drink (RTD) coffee, especially sparkling coffee. In addition, the availability of RTD coffee in liquid and powder form, as well as organic variations, has also contributed to the market's expansion. Sparkling coffee is becoming more and more well-liked as consumers look for healthier alternatives to soda and other carbonated drinks without compromising the texture or flavor of carbonation.
Customers are searching for healthier substitutes that can help them reduce their intake of sugar while also delivering additional health benefits. Throughout the coming years, it is anticipated that this trend would continue, offering the market numerous chances for expansion. To increase sales for the overall market, businesses are putting more of an emphasis on product distribution as well as quality assurance.
The production of coffee in India is rapidly increasing. According to the United States Department of Agriculture, In the marketing year 2021/22, Post predicts that the production of 60-kilogram bags of coffee would rise by 5% to 5.41 million. In major growing regions, higher-than-average pre-monsoon rains and predictions of a typical monsoon are anticipated to increase yields, particularly for Robusta. Exports are anticipated to be 5.68 million 60-kilogram bags. The rise in exports would cause stock shortages. The estimated 1.2 million 60-kilogram bags of coffee consumed domestically are consumed at home because the hospitality industry is still shut down as a result of COVID-19 lockdown measures.
The China market dominated the Asia Pacific Sparkling Coffee Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $73.8 Million by 2028. The Japan market is estimated to grow a CAGR of 13.5% during (2022 - 2028). Additionally, The India market would experience a CAGR of 14.9% during (2022 - 2028).
Based on Sales Channel, the market is segmented into Online, Hypermarket & Supermarket, Convenience Stores, and Others. Based on Product, the market is segmented into Caffeinated and Decaffeinated. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sparkling Coffee Market is Projected to reach USD 1.1 Billion by 2028, at a CAGR of 12.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Union Hand-Roasted Coffee, Paulig Ltd. (Paulig Finland Ltd.), Slingshot Coffee Co., Manhattan Special, Nongfu Spring Co., Ltd., Mac’s Coffee Spritz (Upruit), Peet's Coffee (Stumptown Coffee Roasters), and Keepers Sparkling Coffee.
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