Global Coffee Pods And Capsules Market Size To Grow At A CAGR Of 7.2% In The Forecast Period Of 2023-2028
The ‘Global Coffee Pods and Capsules Market Size, Share, Trend, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global coffee pods and capsules market, assessing the market based on its segments like type, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand and its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Coffee Pods and Capsules Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 7.2%
In the market, there are several brands offering coffee pods and capsules that are with fine and high-quality blends. The coffee pods and capsules have been there for some time now, and their popularity and demand are constantly growing. When produced responsibly, coffee pods and capsules don’t have any negative impact on the environment.
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The growing popularity of pods and capsules can be attributed to the multiple benefits offered by their use. One of the prime factors propelling the growth of the market is the ability of pods and capsules to brew a single serving of coffee, at the convenience of the user. Thus, coffee pods and capsules are a convenient, simple, and clean option.
The market is marked by the presence of some strong brand names like Nespresso® from Nestlé S.A and Lavazza Espresso Passionale. Lavazza Espresso Passionale offers a rich espresso taste and is a strong blend of caramel and chocolate notes. Fine quality products offering great taste and aroma are attracting a large number of people towards coffee pods and capsules, in the global marketplace.
Coffee Pods and Capsules Industry Definition and Major Segments
Pods and capsules are one-time dosages of coffee and are thus pre-measured coffee packs. Pods and capsules contain 7 grams and 5 grams of coffee powder, respectively. Pods are made using the same materials as that tea bags, whereas capsules have a covering made of plastic and aluminium, and come in multiple sizes.
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By type, the coffee pods and capsules market has been bifurcated into the following categories:
Depending on the mode of distribution, the market is divided as:
• Off Trade
• On Trade
For an in-depth analysis of the market, the report has also been segmented into different regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The report further gives a country-level analysis of each of the aforementioned regions.
Coffee Pods and Capsules Market Trends
The growing disposable income of the people and the growing penetration of online channels in the purchase of coffee pods and capsules are some of the key trends in the market. For brands like Nespresso, the online sales channel is a major source of revenue generation. Market players are also involved in the development and launch of new products to meet the changing demand of the customer.
In April 2022, the US boutique café brand introduced 100% compostable Nespresso-compatible coffee pods to meet the demand for the at-home coffee format. In 2020, Nespresso launched the first coffee capsule made using 80% recyclable aluminium. This was a part of the company’s efforts in minimising waste and re-using the materials to the maximum extent.
Furthermore, in developing countries, such as India, the demand for coffee pods and capsules is growing at a promising rate, providing an opportunity for coffee pods and capsule market players. Being an ecological option that offers easy disposal, the use of pods is surging across the globe.
Compared with capsules, a lot of people might choose pods because of their environment-friendly nature and lower cost as compared to plastic and aluminium capsules. Efforts in the direction of a closed loop process, from pods to plants, are also favouring the market. Tripod Coffee offers a closed loop system for collecting used pods and converting them into green electricity and fertiliser, which are further sold to farmers.
Key Market Players
The major players in the coffee pods and capsules market report include:
- Luigi Lavazza Spa
- Keurig Dr Pepper Inc.
- Nestlé SA
- The Kraft Heinz Company
- Jacobs Douwe Egberts Pro
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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