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 insights are 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 outlook 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
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