Global Coffee Pods and Capsules Market Analysis, Trends and Opportunities 2020 - 2024
Summary -
A new market
study, titled “Global Coffee Pods and Capsules Market - Global Demand, Sales, Consumption and
Forecasts to 2024“ has been featured on WiseGuyReports.
Market
Analysis
Coffee pods
and capsules are small cups, with or without filters, filled with pre-portioned
ground coffee. They sealed with food-grade coverings and are ready to brew in
special machines. These pods can be punctured at the top or the bottom for
infusion with steam generated within the coffee machine. The increasing
consumption of coffee in Asia-Pacific and rising use of capsule coffee machines
are the major factors driving market growth. The rising adoption of innovative
products is expected to create new opportunities for vendors active in the
global market. However, the high prices of coffee capsules and pods are
restricting the growth of the market. The major challenge for market players is
the lack of awareness and availability of coffee pods and capsules in
developing nations, especially in the rural markets.
Market
Segmentation
The coffee
pods & capsules market has been segmented, based on coffee type, into
traditional and decaf. The decaf segment is projected to exhibit the higher
CAGR of 8.36% during the forecast period of 2019 to 2025. The distribution
channel segments of the coffee pods & capsules market are store-based and
non-store-based. The store-based segment has been further classified as
supermarkets & hypermarkets, convenience stores, and others. The
store-based segment accounted for the larger share of the global coffee pods
& capsules market in 2018 with a market value of USD 9,611.3 million.
Regional
Analysis
On the
basis of region, the global coffee pods & capsules market has been split
into North America, Europe, Asia-Pacific, and the rest of the world. The North
American coffee pods & capsules market held a significant market share in
2018 and is projected to register a growth rate of 7.88% during the forecast
period. The US market is projected to be dominant during the review period. The
growth of the US market is anticipated to be driven by a continuous increase in
the consumption of coffee, with more than 50% of the population, which is over
150 million Americans, actively consuming coffee-related drinks. Europe
accounted for the largest share of the global coffee pods & capsules market
in 2018. The dominance of the regional market can be attributed to factors such
as the increasing demand for different flavors and packaging options,
development of new products with technological upgrades, and rising demand for
easy-to-use coffee capsules & pods, along with the adoption of automatic
bean-to-cup machines. Germany accounted for a significant share of the market
in Europe. Finland, Norway, Iceland, Denmark, the Netherlands, Sweden,
Switzerland, Belgium, and Luxembourg are the major coffee-consuming countries
in the world. However, the market in Italy is projected to register the highest
growth rate of 7.98% during the forecast period. Asia-Pacific offers lucrative
opportunities to the manufacturers of coffee pods & capsules. The market in
the Asia-Pacific is projected to exhibit the highest growth rate of 8.66%
during the forecast period. Rapid urbanization and growing middle-income
population group, where the consumption of beverages and adoption of innovative
products are high, are some of the factors fueling the growth of the
Asia-Pacific market. Moreover, the increasing demand for capsule coffee
machines in tier-1 and tier-2 cities and rising per capita disposable incomes
in countries such as China, India, and Japan are expected to drive the regional
market growth. The coffee pods & capsules market in the rest of the world
is expected to reach USD 2,405.1 million by the end of 2025. The increasing
consumption of convenience foods & beverages is one of the major drivers
for the growth of the South American market, with Brazil accounting for
significant production and consumption volumes of coffee in the region.
Moreover, the rising per capita disposable incomes of consumers in South
America are likely to support the growth of the coffee pods & capsules
market during the forecast period.
Major
Players
Product
launches, mergers, acquisitions, and agreements are the key strategies adopted
by the global players operating in the coffee pods & capsules market. The
notable players in the global coffee pods & capsules market are illycaffè
S.p.A. (Italy), Keurig Dr. Pepper, Inc. (US), Nestlé S.A. (Switzerland), Luigi
Lavazza S.p.A. (Italy), Dualit Limited (UK), Jacobs Douwe Egberts B.V.
(Netherlands), The Kraft Heinz Company (US), The J.M. Smucker Company (US), and
Caffe’ d’Italia SRL (Italy), and Mellita (Germany)
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5166766-global-coffee-pods-and-capsules-market-research-report-forecast-till-2025
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