Covid 19 Impact Coffee Pods and Capsules Market | Global Revenue, Future Demand, by 2027
Research Reports
Apr 18, 2022
Coffee Pods and Capsules Market Scope
The coffee pods and capsules market size will experience relentless expansion to touch USD 23,441.0 Million by the end of the appraisal period (between 2020 and 2027), believes MRFR (Market Research Future). MRFR expects the market’s growth rate to be 7.97% during the given period.
Market Growth Scope
The coffee pods and capsules are experiencing booming sales worldwide, as consumers are growing awareness of the products’ high efficiency and the availability of diverse options. Additionally, more and more people are purchasing coffee machines to recreate a cafe-style vibe right in their homes. This emerging trend should be favorable for the worldwide market in the next several years.
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Growth Boosters
Escalation in the usage of coffee pods and capsules is encouraging major vendors to focus on designing highly advanced products. Coffee pods and capsules boast high efficiency as well as quality for single-serve coffee while offering higher convenience than conventional ground coffee or coffee beans. The strong awareness level among consumers about these benefits fosters their demand, in turn, elevating the market position.
Coffee is one of the highest-consumed beverages in the world, which is a major reason for the strong sales of coffee pods and capsules. Coffee consumption is viewed as a strong symbol of an individual’s lifestyle, experience, and social status. Plus, the surging knowledge with respect to the host of health advantages offered by coffee adds to its appeal as well.
Mounting awareness regarding the varieties of coffee pods and capsules sold in the market, and their appealing features, also enhance their sales. Other than this, the introduction of recyclable, bio-degradable coffee pods and capsules by renowned brands will further boost the market share in the ensuing years.
Market Segmentation
Distribution channels, as well as coffee type, are considered the major segments in the MRFR study.
Coffee pods and capsules are sold via two distribution channels, namely non-store-based and store-based.
The coffee types covered are decaf traditional.
Regional Status
The coffee pods and capsules market is the most successful in Europe, in terms of revenue, benefitting from the surging demand for easy-to-use products in commercial spaces like retail stores, customer service areas, offices, and more. The European market size will also expand on the back of the soaring deployment of automatic bean-to-cup machines with a host of features that facilitate easy usage.
The Asia Pacific industry should experience the fastest expansion rate over the evaluation timeline, in response to the mounting awareness level in emerging countries like Japan, India, China, and Singapore. The significant growth in consumers’ incomes across these countries and the fast-paced urbanization rate in line with the thriving corporate sector could add immense value to the regional market in the future.
North America will be one of the major markets in the next few years, resulting from the escalating coffee consumption along with the extensive product portfolios offered by the renowned manufacturers. In addition, the rapidly burgeoning consumer base in the United States, as well as Canada would further enhance the North American market size.
Competitive Landscape
Illycaffè S.p.A. (Italy), Keurig Dr. Pepper, Inc. (the US), Nestlé S.A. (Switzerland), Luigi Lavazza S.p.A. (Italy), Dualit Limited (England), Jacobs Douwe Egberts B.V. (Netherlands), The Kraft Heinz Company (US), The J.M. Smucker Company (US), Caffe’ d’Italia SRL (Italy), Mellita (Germany) are the top vendors that focus on designing coffee pods and capsules.
Most of these players are fixated on boosting their worldwide presence while introducing improved products backed by strategies such as agreements, partnerships, and collaborations.
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To cite a reference, in October 2021, NEXE Innovations Inc., a well-known name in the plant-based materials production space, introduced its first coffee line that will be sold in the brand’s patented NEXE Pods. These coffee pods will be compatible with the Keurig single-serve brewing systems. NEXE Pod contains entirely plant-based materials and breaks down in only 35 days in a composting facility.
NOTE: Our Team of Researchers is 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.
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