A recent report published by Infinium Global Research on Coffee Pod and Capsule Market provides an in-depth analysis of segments and sub-segments in the global as well as regional Coffee Pod and Capsule Market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional Coffee Pod and Capsule Market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global Coffee Pod and Capsule Market. According to the report, the global Coffee Pod and Capsule Market was worth USD 17.7 Billion in 2020 and will reach a value of USD 26.6 Billion in 2026, growing with a CAGR of 6.96% over the forecast period of 2020-2026.
The Coffee Pod and Capsule Market are highly influenced by single-serve coffee in households. Growing demand for coffee pods and packaging encourages market players to launch new innovative coffee pods. A study estimated that U.S. consumers bought $5.3 million worth of coffee pods in 2018. In addition, Coffee pods and capsules ensure quality, efficiency, and provide diverse choices in single-serve coffee. Using pods and capsules for making coffee is more convenient than using traditional coffee beans or ground coffee. Conventional coffee making requires grinding, measuring, and tamping. While coffee pods and capsules do not require much preparation and it has already been ground, measured, and tamped for optimal extraction.
Higher consumption of coffee is majorly driving the adoption of coffee pods and capsules. Moreover, coffee consumption is associated with pleasure, experience, lifestyle, and social status. The positive effect of coffee consumption on human health has been studied by numerous researchers. Furthermore, the convenience and efficiency offered by coffee pods and capsules are anticipated to drive the growth of the market. However, the non-recyclable nature of some coffee pods and capsules is expected to affect the growth of the market. Moreover, the development of recyclable and bio-degradable coffee pods and capsules is anticipated to offer growth opportunities in the market. Such innovations by the coffee pod and capsule suppliers are anticipated to reduce the harmful effects of coffee pod and capsule on the environment.
Europe accounted for the largest market share in the global Coffee Pod and Capsule Market. The growing adoption of various single-serve methods and a surge in demand for fresh coffee pods in Europe led to the growth of the market in the region. Asia-Pacific region is anticipated to grow in the global Coffee Pod and Capsule Market with the highest CAGR over the forecast period. The major factor fueling the market growth in Asia-Pacific is the increasing adoption of coffee pod and capsule systems in India and China. North America has significant growth in the global Coffee Pod and Capsule Market owing to the conventional forms, like coffee pods and capsules, are becoming popular among the masses in the North American region. Further, the installation of coffee machines and an increasing number of coffee bars, across the United States is fueling the demand for coffee capsules and coffee pods.
The report on the global Coffee Pod and Capsule Market covers segments such as product type and mode of sales. On the basis of product type, the sub-markets include pods, and capsules. On the basis of mode of sales, the sub-markets include on-trade sales, and off-trade sales. On the basics of object cell, sub market includes supermarket /hypermarkets, specialty stores, online retailing, and other mode of sales.
The report provides profiles of the companies in the market such as LUIGI LAVAZZA SPA, Pod Pack international, Melitta Group, Gourmesso Coffee, Illycaffè S.p.A., UCC UESHIMA COFFEE CO., LTD, Kraft Heinz Company, and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of Coffee Pod and Capsule Market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.