Coffee Pods and Capsules Market Report with Regional Growth and Forecast 2030
Coffee Pods and Capsules Market overview:
The coffee pods and capsules market is expected to be worth
USD 21,606.5 million and grow at a CAGR of 6.21 % by 2030.
The primary drivers driving the coffee pods and capsules
market include a rise in demand for non-alcoholic drinks, growth in demand for
coffee pods and capsules by coffee chains and significant participants in the
industry, and the rising popularity of coffee. People's lifestyles and
preferences have changed as a result of globalization. Furthermore, there is a
large range of coffee recipes accessible currently. Consumers are increasingly
opting for non-alcoholic beverages. Furthermore, the global disposable money
growth has led to a shift in consumer tastes. Due to lifestyle changes,
customers have become increasingly busy and want portable, quick-to-use
beverage solutions.
Furthermore, demand for coffee pods has increased from both
large coffee shops and eateries. These pods and capsules provide high-quality
coffee that is easy to prepare and comes in a wide range of flavors.
Furthermore, they are single-use and simply disposable. These elements are
expected to grow in the market. The long-term impact of the COVID-19 epidemic
on consumer demand for at-home coffee is unknown. Still, the continued
interruption to out-of-home coffee sales owing to the pandemic has prompted
large coffee chains to expand sales through retail packaged coffee.
Furthermore, customers are eager to buy coffee equipment to replicate the
cafe-style experience at home. As a result, there is a greater need for coffee
pods and capsules.
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
Market segmentation:
The Global Coffee
Pods And Capsules Market report is classified into type and distribution
channels.
According to the type:
● Capsules
● Pods
According to the distribution channel:
● Super
Market/ Hyper Market
● On Trade
● Online
Retailing
● Specialty
Stores
● Other
Distribution Channel
Regional analysis:
The Global Coffee Pods And Capsules Market is segmented into
North America, Asia-Pacific, Europe, and the Rest of the World.
The European market has recently seen an increased demand
for specialty coffees and single-serve techniques. Germany and France are the
market leaders in the area. In contrast, as the coffee
pods and capsules market trends rises, so
will the number of private-label businesses joining the other nation market,
which is expected to drive the total regional market throughout the forecast
period. However, environmental concerns about the packaging of coffee pods and
capsules are slowing the region's development pace. As a result, numerous new
entrants are developing novel and sustainable packaging solutions. Thus, the
European region maintains its dominance in the worldwide coffee pods and
capsules market through strong product and packaging innovation.
Asia-Pacific is predicted to have the greatest CAGR or
growth rate by the end of the current forecast period. North America is also
predicted to earn a sizable worldwide market share throughout the forecast
period.
Recent developments:
● Keurig
Green Mountain merged with Dr. Pepper Snapple Group in 2020 to form Keurig Dr.
Pepper. This combination aims to provide a premium coffee experience that will
inspire more cross-category collaborations.
● Nestlé
and Jacobs Douwe Egberts UK will collaborate in 2020 to launch the first
recycling program for coffee pods
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:
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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