Coffee Capsules and Pods Market
According to the latest study by FMI, Coffee Capsules and Pods Market is anticipated to grow at a CAGR of 6% every year till 2031. The sales of Coffee Capsules and Pods are expected to reach millions of units over the upcoming decade.
Coffee Capsules and Pods Market: Market Outlook
The Coffee capsule is a container having a cylindrical shape containing coffee in it and sealed with aluminum foil for protection. Coffee capsules have a measured amount of coffee powdered coffee in them, coffee pods have similar look to the tea bag and are available in round shapes are popular due to their biodegradable features.
The coffee capsules are vacuum packed to safeguard them from external moisture and humidity which may result in the spoiling of the flavor of the coffee. On the other hand, coffee pods require low-pressure brewing while preparing the coffee. Overall, the coffee capsules and coffee pods market is estimated to register growth at a healthy rate over the forecasted period.
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What Drives Growth of Coffee Capsules and Pods Market?
The biggest driver of the coffee capsules and pods market is the growth in coffee consumption in recent years and relatively high per capita consumption of coffee among the young consumer groups.
People trying different innovative ways to extract the true flavors of coffee and different formulations to get their favorite type of coffee in lesser time, also the single-serve coffee made possible by pods and convenience to users, results in a sharp rise in demand for coffee capsules and pods, which eventually drives the coffee capsules and pods market.
Which Hindrances are Limiting Coffee Capsules and Pods Market Growth?
Less awareness regarding the coffee capsules and pods in the developing and underdeveloped regions results in a lack of popularity among consumers in this region.
Moreover, the cost of coffee capsules and pods is comparatively expensive from other coffee packs sold in the market, makes it unaffordable for most people. These few factors will be affecting negatively to growth of the coffee capsules and pods market.
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Which Lucrative Opportunities are offered by Coffee Capsules and Pods Market?
The coffee capsules and pods market players launching innovative products and entry of coffee machines in the cafes, restaurants, and other places, and influence of western trends on other parts of the world provides a huge growth opportunity to key players.
The coffee machines are made easy to handle and user friendly and those machines utilizing coffee capsules and pods as input offer a great market potential to the manufacturers with the popularity of their products in larger fast-developing markets with huge consumer bases.
Key Market Players of Coffee Capsules and Pods Market:-
- Keurig Dr Pepper Inc.
- Starbucks Corporation
- Nespresso S.A.
- KRAFT Foods
- Gloria Jeans
- Gourmesso Coffee
- Nestlé S.A.
- LUIGI LAVAZZA SPA
- Bestpresso INC.
- Strauss Group
- The J.M. Smucker Company
- Dualit Limited
Key Market Players in Asia-Pacific Region of Coffee Capsules and Pods Market:-
- Coda Plastics Limited
- Fresh Brew Co.
- Aikou Packaging Co., Ltd
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What makes Germany a Major Market for Coffee Capsules Market?
The increase in consumption of non-alcoholic beverages such as coffee in the country has increased, with people preferring to have their favourite flavours at their homes according to their convenience. Also, the awareness regarding the coffee machines and easy disposal of coffee capsules makes them popular among the people in Germany. Moreover, the biodegradable features of coffee pods make them the most preferred coffee product among the environment-friendly consumer base and result in the overall growth of the coffee capsules and pods market.
Which Factors are contributing to Growth of Coffee Capsules and Pods Market in the U.S.?
A growing number of coffee consumers in the country along with that the presence of the world’s biggest and famous brands in the country drives demand for instant coffee and related products. The entry of newer market players along with the established market of global giants trying to differentiate their products by different flavors, sizes, and compatibilities makes the U.S. an important market for the coffee capsules and pods market.
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What Future Opportunities are offered by India and China for Coffee Capsules and Pods Market?
China and India being the largest consumer-driven economies having large consumer bases ready to try the latest innovations by coffee capsules and pods manufacturers, currently, due to less awareness there is a very less number of players in the market and is dominated by international brands.
But over the upcoming decade due to rising coffee consumption, India and China are seen as lucrative markets considering the future perspective for the coffee capsules and pods market.
How Covid-19 Impacted Coffee Capsules and Pods Market?
The covid-19 virus outbreak forced governments to impose complete lockdown in most countries of the world. The essential services were allowed to be produced and distributed, the demand from the household sector was significant as people demanded their favorite coffee at their homes, due to this despite lockdown demand was high and contributed positively to the overall growth of coffee capsules and pods market.
Global Coffee Capsules and Pods Market Segmentation:-
Segmentation based on Product type:-
Segmentation based on the Distribution Channel:
- Convenience stores
Segmentation based on the End Use:
- Industrial & Institutional
Segmentation based on region:-
- North America
- Latin America
- South Asia
- East Asia
- The Middle East and Africa
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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