The revenue of the ready-to-drink (RTD) coffee segment of Australia's non-alcoholic drinks market was forecast to continuously increase between 2024 and 2028 by around 600 million U.S. dollars. Ready-to-drink coffee consumption has been on the rise in the country, owing to the increased popularity of iced coffee among the younger generational cohorts.
Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028
(in billion U.S. dollars)
Characteristic
Revenue in billion U.S. dollars
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Definition:
The Ready-to-Drink (RTD) Coffee market includes packaged coffee beverages in liquid form, ready for consumption. Common variants of RTD Coffee include iced coffee, coffee latte, and cold brew coffee. RTD products are mostly milk-based, but there are also variants like black coffee without milk. This market does not include dry products such as Instant coffee or coffee beans, which are covered in the Hot Drinks market.
Additional information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per liter, as well as sales channels. Per capita figures refer to a country’s or region’s whole population.
The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.
Key players include Starbucks (in cooperation with PepsiCo), Nestlé, The Coca-Cola Company, and Suntory.
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Statista. (June 28, 2024). Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue
Statista. "Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028 (in billion U.S. dollars)." Chart. June 28, 2024. Statista. Accessed August 25, 2024. https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue
Statista. (2024). Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue
Statista. "Revenue of Ready-to-drink (Rtd) Coffee in Australia from 2019 to 2028 (in Billion U.S. Dollars)." Statista, Statista Inc., 28 Jun 2024, https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue
Statista, Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue (last visited August 25, 2024)
Revenue of ready-to-drink (RTD) coffee in Australia from 2019 to 2028 (in billion U.S. dollars) [Graph], Statista, June 28, 2024. [Online]. Available: https://www.statista.com/forecasts/1477192/australia-ready-to-drink-coffee-revenue