Stratview Research, a global market intelligence firm, has launched a new research report on Coffee Pods and Capsules Market by Product Type (Pods, Capsules), by Distribution Channel Type (On Trade, Off Trade (Supermarkets/Hypermarkets, Specialty Stores, Online Retailing, and Others)), by Coffee Type (Traditional, Decaf), by Packaging Type (Conventional Plastic, Bioplastics, and Fabric), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
As per the analysis, the coffee pods and capsules market was estimated at USD 25.1 billion in 2022 and is likely to grow at a CAGR of 6.89% during 2023-2028 to reach USD 37.54 billion in 2028.
What are coffee pods and capsules?
Coffee pods and capsules are tiny cups, with or without filters. They are filled with pre-portioned ground coffee and are sealed with food-grade coverings. Being ready to brew in special machines makes them popular. A coffee pod is a type of coffee-making method that helps to prepare coffee. A wide range of coffee pods are existing in the market such as paper coffee pods, K-cups, and T-discs to prepare coffee.
Companies profiled -
Below given is the list of key players mentioned in the report -
- Nestle S.A.
- Starbucks Corporation
- JAB Holding Company
- The Kraft Heinz Company
- Dunkin' Brands Group, Inc.
- Luigi Lavazza S.p.A
- Gloria Jean's Coffees
- Strauss Group Ltd.
- Dualit Limited
- The J.M. Smucker Company
Market Dynamics
The coffee pods and capsules market has experienced significant growth due to several key factors. Below given are a few –
- Rise in demand for ready-to-drink coffee beverages – Consumers are looking for quick and easy-to-make refreshments nowadays. Several market players are investing in such coffee pods and capsules to serve this growing demand. For instance, in April 2023, Nespresso and Starbucks teamed up to launch a limited-edition double espresso coffee capsule - the Nespresso | Starbucks ReserveTM Remix Blend.
- Innovative coffee machines and brewing technologies – Innovations in coffee machines are juicing up the coffee pods and capsules market. For instance, LG Electronics announced its first-ever capsule coffee machine – Duobo by LG Labs- in July 2023, which possesses special coffee brewing process that enhances its taste and it also offers personalized flavour, the group claims.
- Growing online retailing and coffee subscription services – Online retailing and coffee subscriptions are a great way to try different beans and blends. eCommerce is growing rapidly and coffee is one of the top sellers. Coffee is considered one of the most popular drinks in the world, with an estimated 2 billion cups being consumed every day. A report suggests, rather than heading out for their espressos, people are using subscription coffee services to easily access and purchase coffee pods and capsules.
About Stratview Research-
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