Global Coffee Pods and Capsules Market Research Report - Forecast till 2025
発行: Market Research Future
ページ情報: 英文 170 Pages
Global Coffee Pods & Capsules Market:
Information by Coffee Type, Distribution Channel, and Region-Forecast till 2025.
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.
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.
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.
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 illycaffe S.p.A. (Italy), Keurig Dr. Pepper, Inc. (US), Nestle 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).