Ready-to-Drink (RTD) Coffee - United Kingdom

The Ready-to-Drink (RTD) Coffee market in United Kingdom has been experiencing significant growth in recent years.

Customer preferences: One of the key reasons for the growth of the RTD Coffee market in United Kingdom is the changing preferences of consumers. There has been a shift in consumer behavior towards convenience and on-the-go consumption. With busy lifestyles and increasing work pressures, consumers are looking for quick and easy options for their caffeine fix. RTD Coffee provides a convenient solution for consumers who want to enjoy their favorite coffee flavors without the need for brewing or preparation.

Trends in the market: The RTD Coffee market in United Kingdom is also being driven by the rising popularity of coffee culture. Coffee has become more than just a beverage, it has become a lifestyle choice for many consumers. The younger generation, in particular, is embracing the coffee culture and seeking out new and innovative coffee products. This trend is fueling the demand for RTD Coffee, as it offers a wide variety of flavors and options to cater to the diverse tastes of consumers. Another trend in the market is the growing interest in healthier and more natural alternatives. Consumers are becoming more conscious about their health and are looking for products that are low in sugar and calories. In response to this trend, many RTD Coffee brands are introducing healthier options, such as low-sugar or sugar-free variants, as well as plant-based or dairy-free options. These healthier alternatives are attracting health-conscious consumers and driving the growth of the market.

Local special circumstances: The United Kingdom has a well-established coffee culture, with coffee shops and cafes being a common sight in cities and towns across the country. This coffee culture has created a strong demand for coffee products, including RTD Coffee. The presence of a vibrant coffee culture provides a favorable environment for the growth of the RTD Coffee market in United Kingdom.

Underlying macroeconomic factors: The growth of the RTD Coffee market in United Kingdom is also influenced by macroeconomic factors. The country has a strong economy and a high disposable income, which allows consumers to indulge in premium coffee products, including RTD Coffee. Additionally, the increasing trend of online shopping and e-commerce has made it easier for consumers to access a wide variety of RTD Coffee brands and flavors, further driving the growth of the market. Overall, the Ready-to-Drink (RTD) Coffee market in United Kingdom is witnessing significant growth due to changing customer preferences, the rising popularity of coffee culture, the demand for healthier alternatives, the presence of a vibrant coffee culture, and favorable macroeconomic factors. As consumers continue to seek convenient and on-the-go options for their coffee fix, the RTD Coffee market in United Kingdom is expected to continue its growth trajectory in the coming years.

Data coverage:

The data encompasses B2C enterprises. 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.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.