Coffee Pods and Capsules Market Overview by Business Prospects and Forecast 2030
Coffee Pods and Capsules Market Overview
The coffee pods and capsules market is
growing continuously over the past few years. Market growth attributes to the
expansion of the food service industries worldwide. Besides, rising consumer
preference for ready-to-drink coffee pushes the market growth, leading to
increasing the household and commercial usages. Moreover, technological
advances escalate market growth, bringing about new products line to meet
market demand. The market would continue to grow, demonstrating tremendous
opportunities.
According to Market Research Future (MRFR),
the global coffee pods and capsules market is projected to grow to USD 21,606.5
MN by 2030, registering 6.21% CAGR over the predicted period (2022 – 2030).
Product innovation is anticipated to create new opportunities for vendors
active in the global market. Due to the rising consumer preference for
convenient appliances, manufacturers strive to develop products that match the
market demand and increase market sales.
The rising uptake of coffee machines and
growing dependency on convenience devices propels the growth of the market
further. Manufacturers look to bring innovation to add value to society and the
environment. They make substantial investments in R&D which boost the
market growth. Furthermore, the development of distribution channels helps the
market to generate massive sales.
Coffee Pods and Capsules Market - Competitive Analysis
Highly competitive, the global coffee pods
and capsules market appears fragmented due to the presence of several notable
industry players. Substantial investments are transpired to drive innovations
and strategies such as mergers & acquisitions, brand reinforcement, and
others to strengthen their global footprints in untapped markets.
Companies form a strategic partnership with
promising companies in emerging markets to expand their network and distribution
lines. Other strategies adopted by these players include greater
commercialization of their products and promotion initiatives through trade
exhibitions & increased collaboration.
Major Players:
Players leading the global coffee pods and
capsules market include Keurig Dr. Pepper, Inc. (US), Illycaffè S.p.A. (Italy),
Nestlé S.A. (Switzerland), Dualit Limited (England), Luigi Lavazza S.p.A.
(Italy), Jacobs Douwe Egberts BV (Netherlands), The J.M. Smucker Company (US),
The Kraft Heinz Company (US), Mellita (Germany), and Caffe' d'Italia SRL
(Italy), among others.
Coffee Pods and Capsules Market:
Segmentation
The coffee
pods and capsules market overview is segmented into three dynamics;
By Coffee
Type
: Traditional, Decaf, and others.
by distribution channel: store-based
(supermarkets, hypermarkets, convenience stores), and non-store-based.
By
Regions
: Europe, Americas, Asia Pacific, Middle East & Africa, and
Rest-of-the-World.
Global Coffee Pods and Capsules Market:
Regional Analysis
Europe dominates the global coffee pods and
capsules market. In 2018, the region acquired 37.38% of the overall market
share. The largest market share is attributable to the increasing demand for
technologically advanced and easy-to-use coffee pods and capsules. Besides, the
rising adoption of automatic bean-to-cup machines boosts market growth. Also,
increasing per-capita income drives the growth of the regional market. The
European coffee pods and capsules market is projected to continue its dominance
throughout the forecast period.
North America stands second in the global
coffee pods and capsules market, acquiring a substantial market share. The
market is driven by significant technological advances and the high purchase
ratio of coffee machines. The US holds the largest share in the regional
market, followed by Canada. The North American coffee pods and capsules market
is estimated to grow at a significant CAGR during the assessment period.
The coffee pods and capsules market in the
Asia Pacific region is growing rapidly. Growing consumption of coffee in China
and India and the rapid economic growth drives the regional market growth.
Besides, the growing urbanization, industrialization, and corporate presence
act as major tailwinds for regional market growth. Additionally, the presence
of major manufacturers and the rising demand from the commercial sector in the
region foster the growth of the market. The APAC coffee
pods and capsules market size is projected to exhibit an 8.66% CAGR during
the assessment period.
Industry/ Innovation/ Related News
June 15, 2020 ---- Nespresso USA, a leading
global player in coffee machines, capsules, and coffee accessories, launched
coffee capsules made from 80% recycled content. This is the first coffee
capsule on the market made of a thinner aluminum foil, which is 80% recyclable.
Nespresso capsule is produced using a lower percentage of aluminum material,
which makes it much lighter.
Nespresso plans to have the full Original
Line and Vertuo ranges of these aluminum coffee capsules by the end of 2021.
Aluminum is a key recyclable material across the globe and optimally protects
the freshness and aromas of high-quality coffee, providing a perfect barrier
against oxygen, light, and humidity.
June 23, 2020 ---- Café La Llave, an
Espresso labelof F. Gavina & Sons, Inc., launched Recyclable Single-Serve,
Espresso-Style Coffee Pods. The move marks the brand's entry into the
single-serve pod market. F. Gaviña states that sustainability is just as
important as continuing to deliver delicious, high-quality coffee from seed to
cup and beyond. The very motivation has made the company continues to innovate
to meet the changing coffee needs and preferences of consumers, seeking out
innovative ways to minimize waste.
Contact us:
Market Research Future (part of Wantstats Research and Media Private
Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States
of America
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