Market Research Future has published a cooked research report on the Global coffee pods and capsule market, 2022–2030. The global coffee pods and capsule market is projected to exhibit a CAGR of 6.21% during the forecast period of 2022 to 2030.
Market Research Future has recognized the following companies as the key players in the global coffee pods and capsule market. Illycaffè S.p.A.(Italy), Keurig Dr Pepper, Inc.(US), Jacobs Douwe Egberts B.V.(Netherlands), Melitta (Germany), The Kraft Heinz Company (US), Nestlé S.A.(Switzerland), Luigi Lavazza S.p.A (Italy), Caffèd'Italia SRL (Italy), Dualit Limited (UK), and The J.M. Smucker (US)
The global coffee pods and capsule market is projected to be valued at USD 21,606.5 million by 2030, recording a CAGR of 6.21% during the forecast period. The increasing consumption of coffee in Asia-Pacific and the rising use of capsule coffee machines are the key factors driving the market growth. The rising adoption of innovative products is expected to create new opportunities for the vendors active in the global market. However, the high prices of coffee capsules and pods is restricting the growth of the market. The major challenge faced by the market players is limited consumer awareness and adoption of coffee pods and capsules in developing nations.
The global coffee pods and capsule market has been segmented based on by coffee type, packaging type, filter type, distribution channel, and region.
Based on coffee type the global coffee pods and capsule market has been segmented into traditional and decaf. The traditional segment accounted for the larger market share of 68.42% in 2020. The impact of health consciousness with growing concerns about the consumption of caffeine, especially among the youth, is the primary factor driving the growth of the decaf segment. The traditional segment includes coffee capsules and pods filled with regular coffee beans that are high in caffeine. Consumer preference for traditional coffee over decaf owing to its taste and flavor, drives the growth of the traditional segment. Moreover, in many developing and underdeveloped countries, there is a lack of awareness of decaf coffee, which is a key factor responsible for the larger share of the traditional segment of the global coffee pods and capsules market.
On the basis of packaging type, the global coffee pods and capsules market is segmented into capsule and pods. The capsule segment accounted for the larger market share of 68.44% in 2020. Coffee capsules are basically plastic containers with an aluminum foil seal, with ground coffee designed to withstand the pressure of a capsule coffee machine and need that pressure to effectively and properly brew the contents. The coffee capsules are part of an open or closed system as open systems allow for a broader range of products to be used in the machine because there are many manufacturers whose capsules are compatible with that machine and the closed-system capsules contain likes of Nespresso coffee capsules, which simply means you can only use one brand of compatible capsules in your machine.
On the basis of filter type, the global coffee pods and capsule market is segmented into paper + plastic fiber, paper + PLA (compostable plastic) fiber, and non-woven fabric. The paper + PLA (compostable plastic) fiber segment accounted for the largest market share of 44.72% in 2020. Paper + PLA (compostable plastic) fiber type of coffee filters are made up of fine paper and compostable plastic fibers. The compostable fibers also known as bioplastic fibers, are non-toxic and decompose back into carbon dioxide, water, and biomass when composted and are derived from renewable materials such as corn, potato, tapioca starches, cellulose, soy protein, and lactic acid.
On the basis of distribution channels, the global coffee pods, and capsules market is segmented into store-based and non-store-based. The increasing awareness and the popularity of e-commerce platforms in the consumer goods industry drive the growth of the non-store-based distribution channel. The store-based segment accounted for the larger market share of 71.64% in 2020. As consumers choose store-based channels as they provide a one-stop shopping experience. Owing to such factors, the store-based segment accounted for the larger coffee pods and capsule market share in the market.
On the basis of region, the global coffee pods and capsule market has been categorized as North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. As per MRFR analysis, Europe dominates the market share with the growing demand for equipment for landscaping activities. The dominance of the regional market can be attributed to factors such as the increasing demand for different flavors and packaging options, the development of new products with technological upgrades, and the increasing demand for easy-to-use coffee capsules and pods, along with the adoption of automatic bean-to-cup machines. Additionally, several European countries are key coffee consumers whereas, Germany’s market is dominated with a share of 28.82%, and is projected to register a CAGR of 4.25%. Moreover, owing to the rapid urbanization and growing middle-income population group, where the consumption of beverages and adoption of innovative products are high. Moreover, the increasing demand for capsule coffee machines in tier-1 and tier-2 cities and the growing per capita disposable incomes in countries such as China, India, and Japan are expected to drive regional market growth. North America is a prominent market for the manufacturers of coffee pods and capsules. Increasing consumption of coffee, expanding product portfolios of manufacturers, and the presence of a wide consumer base are the key factors responsible for the growth of the regional market. According to E-Imports, the consumption of coffee is continuously increasing in the US, with more than 50% of the population, which is over 150 million Americans, actively consuming coffee-based drinks. Herein, the US accounted for the largest market share of 77.94% in 2020, with a market value of USD 2,850.8 million; the market is expected to register a CAGR of 4.57% during the forecast period.
Key Findings of the Study: