The Europe Sparkling Coffee Market would witness market growth of 12.2% CAGR during the forecast period (2022-2028).
New product launches help to increase sales as the beverage gains popularity around the world. Additionally, it is estimated that in the next years, the market would be driven by consumers' growing knowledge and awareness of the benefits of drinking healthy beverages and their efforts to utilize new varieties of these beverages, particularly millennials.
To meet the growing demand for sparkling coffee among consumers, particularly the younger generation, manufacturers are introducing new products. For instance, Paulig Group introduced Paulig Cold Brew Sparkling beverages in March 2019. The demand for ready-to-drink beverages is constantly increasing in recent years. This is majorly owing to a rise in the number of working populations with hectic and busy schedules. The popularity of these ready-to-drink products is higher among millennials. The presence of caffeine and a variety of flavors is anticipated to drive market expansion.
Heart diseases are very prevalent in the region. According to the National Library of Medicine, in Europe, cardiovascular diseases (CVD) continue to be the number one killer, accounting for 45% of all fatalities. In Europe, coronary heart disease (CHD) and stroke account for the majority of the more than 4 million annual CVD deaths. Many more people visit hospitals, and many more suffer long-term disabilities that necessitate ongoing care. Beyond the pain of individuals, CVD has significant economic ramifications for Europe. According to estimates, CVD costs the EU economy €210 billion annually, which includes both direct medical expenses and non-health expenditures including lost productivity and informal care for CVD patients. The death rate from cardiovascular disease is highest in the Central and Eastern Europe/CIS region.
The Germany market dominated the Europe Sparkling Coffee Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $74.5 Million by 2028. The UK market is anticipated to grow at a CAGR of 11.2% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 13% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Sparkling Coffee Market will Hit $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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