Coffee Pods and Capsules Market Trends for Top Companies with a Regional Overview
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.
What will be the value of the Coffee
Pods and Capsules Market during the forecast period?
According to Market Research Future (MRFR),
the global coffee pods and capsules market is projected to grow to USD 21,606.5
million by 2030, registering 6.21% CAGR over the predicted period 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.
Competitive Landscape
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 manufacturers 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 report 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
Insights
Europe dominates the global coffee pods and
capsules industry. In 2018, the region acquired 37.38% of the overall market
share. The largest market share
attributes to the increasing demand for technologically advanced and
easy-to-use coffee pods & 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 soft
coffee pods target market is projected to continue its dominance
throughout the forecast period.
North America stands second in the global coffee
pods market, acquiring a substantial market share. 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 capsules market is estimated to grow at a
significant CAGR during the assessment period.
The capsule coffee machines market outlook 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
companies act as a major tailwind for the 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 by application is projected to exhibit around 8.66% CAGR during
the assessment period.
Industry/ Innovation/ Related News
June 15, 2020 ---- Nespresso
pods 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.
NOTE: Our Team of
Researchers are Studying Covid19 and its Impact on Various Industry Verticals
and wherever required we will be considering Covid19 Footprints for Better
Analysis of Market and Industries. Cordially get in Touch for More Details.
Contact us:
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Future (part of Wantstats Research and Media Private Limited),
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