U.S. LIQUID COFFEE FOR FOODSERVICE APPLICATION MARKET ANALYSIS

U.S. Liquid Coffee For Foodservice Application MarketSize and Trends

The U.S. liquid coffee for foodservice application market is projected to surpass US$ 21.9 Mn by the end of 2030, and is expected to exhibit a CAGR of 4.8% during the forecast period (2023 to 2030).

U.S. Liquid Coffee for Foodservice Application Market: Market Segmentation

• Among coffee type, the cappuccino segment held a dominant position in the market and accounted for 33.7% share in the U.S. liquid coffee for foodservice application market in 2022.

U.S. Liquid Coffee for Foodservice Application Market: By Serving Type

• Among serving type, the hot coffee segment held a dominant position in the market and accounted for 63.90% share in the U.S. liquid coffee for foodservice application market in 2022.

U.S. Liquid Coffee for Foodservice Application Market: Trends

• Hot coffee is the most preferred choice among U.S. consumers. However, Cold-brew coffee is becoming more popular, particularly among younger coffee lovers. For instance, according to Coherent Market Insights’ analysis, among coffee drink types, cold brew coffee is the fastest-growing beverage. More people are looking for new experiences that they cannot replicate at homes, which has led to an increasing demand for cold-brewed coffee. Moreover, according to NCA’s Coffee Data Trends 2020, one in five people in the U.S. already consumes cold brewed coffee regularly. Furthermore, according to the same source, word-of-mouth is spreading, and the survey shows that 58% of consumers are ‘aware but not currently drinking cold brew’ and 41% perceive cold brew as ‘cool and trendy’.