Rising Demand for Capsule Coffee Machines Accelerates the Growth of Global Coffee Pods and Capsules Market

As per Market Research Future (MRFR) analysis, the global coffee pods and capsules market is expected to reach USD 23,441.0 Million with a CAGR of 7.97% from 2017 to 2025 (forecast period).

The global market for coffee pods and capsules is characterized by the supply of hermetically sealed products, especially for the unique needs of packaging coffee products. Coffee pod and capsules packaging have emerged as an appropriate solution to evolving requirements for packaging coffee products. The global market for coffee pods and capsules is projected to grow at a significant pace during the forecast period. Development can be ascribed to the rise in coffee consumption in Asia Pacific. In addition, the increasing use of capsule coffee machines has contributed significantly to the growth of the market. The market is likely to offer lucrative opportunities for players in the coming years due to the increasing adoption by consumers of innovative products. The key challenge for market players is the lack of knowledge and availability of coffee pods and capsules in developing countries, especially in rural markets.

Market Dynamics

The global Coffee Pods and Capsules Market is projected to increase at a significant rate during the forecast period. Coffee is among the most commonly consumed beverages in the world. According to the International Coffee Organization (ICO), global coffee consumption increased by approximately 2.1% in the 2018/19 coffee year. Consumer propensity towards innovative convenience machines has increased the worldwide adoption of capsule coffee machines that are driving the growth of the industry. Due to their large populations and the growing acceptance of Western trends, China and India are potential markets for coffee pods and capsules. The consumption for coffee in different variants is rising among young people promoting the sale of coffee pods and capsules in these countries. In addition, the growing trend for beverages has broadened the scope for functional coffee capsules, which in turn inhibits the demand for coffee pods and capsules.

Segmentation

The global market for coffee pods and capsules is segmented by coffee type and distributional channel.

Based on coffee type, the global market for coffee pods and capsules further segmented into traditional and decaf. The traditional segment is projected to grow to a significant CAGR and hit USD 15.452.9 million by the end of 2025. The traditional section involves coffee capsules and pods loaded with regular coffee beans, which are high in caffeine. The consumer preference for traditional coffee over decaf, due to its taste and flavor, is driving the growth of the traditional segment. The decaf segment is rising at a faster pace. Focusing on health awareness, with increasing concerns about caffeine influence, particularly among young people, is the primary driver of the growth of the segment.

Based on the distributional channel, the global market for coffee pods and capsules further segmented into store-based and non-store-based. The store-based segment includes supermarkets & hypermarkets, convenience stores, and others.

Browse Full Report @ https://www.marketresearchfuture.com/reports/coffee-pods-and-capsules-market-6883

Regional Analysis

Regionally, the coffee pods and capsules market has been segmented into North America, Europe, the Asia Pacific, and the rest of the world.

Europe is predicted to account for the largest share of the global market for coffee pods and capsules during the forecast period. The regional market had a share of 37.38% in 2018. The influence of the regional market can be attributed to factors such as rising demand for new products with technological upgrades and increasing demand for easy-to-use coffee capsules and pods, along with the adoption of automatic bean-to-cup machines.

North America also had a significant market share in 2018, with the US being a major consumer of coffee pods and capsules.

Asia Pacific is projected to be the fastest-growing regional market of 8.66% in the CAGR during the forecast period. The rising demand for capsule coffee machines in Tier-1 and Tier-2 cities and increasing disposable per capita incomes in countries such as China, India, and Japan are anticipated to push regional market growth.

Key Players

The major players operating in the global coffee pods and capsules market include Nestlé S.A. (Switzerland), Illycaffè S.p.A. (Italy), Keurig Dr. Pepper, Inc. (US), Luigi Lavazza S.p.A. (Italy), Dualit Limited (England), The Kraft Heinz Company (US), Jacobs Douwe Egberts B.V. (Netherlands), The J.M. Smucker Company (US), Mellita (Germany), and Caffe’ d’Italia SRL (Italy).


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