Global Coffee Pods and Capsules Market is estimated to procure a market value of USD 23228.5 Bn while expanding at a CAGR of 5.6% by 2027, which evaluates Market Research Future (MRFR).
The coffee pods and capsules market experienced a negative impact due to the outbreak of COVID-19. The imposition of lockdown affected the daily operations, disrupting the supply and manufacturing. However, the market is likely to recover soon due to the introduction of new products and growing investment. Also, increasing sales of coffee pods and capsules through online platforms is expected to further expand the coffee capsules market share.
Growing Application of Coffee Pods and Capsules in Hotels, Restaurants, and Corporates to Enhance the Market Growth during the Analysis Tenure
The surging usage of coffee pods and capsules in hotels, restaurants, and corporates is predicted to be a significant factor that can augment the industry growth during the analysis tenure. They are also used in airports, offices, and hospitals that is likely to fuel the demand and develop the industry in the forthcoming term. Besides, the convenience provided by coffee pods and capsules is another salient factor that is driving the market growth. The increasing preference of consumers towards non-alcoholic beverages and the rising disposable income is recognized to be a potential factor that can augment the coffee pods market size.
Growth-Centric Countries to Offer Lucrative Opportunities for the Market during the Evaluation Period
The evolving countries in APAC are anticipated to offer lucrative Coffee Pods and Capsules Market opportunities due to the presence of untapped market opportunities. The region is likely to offer various windows of expansion due to the growing demand for innovative products, which is anticipated to develop the market in the assessment tenure.
Availability of Substitute Products to Obstruct the Market Growth during the Forecast Tenure
The alternatives of coffee pods and capsules are expected to obstruct the Coffee Pods and Capsules Market expansion during the review tenure.
Lack of Awareness to Pose a Significant Challenge in the Market Expansion during the Evaluation Timeframe
Lack of awareness regarding coffee pods and capsules is likely to hinder the sales of the product, which is expected to pose a significant challenge in the coffee pods and capsules industry during the review tenure.
Cumulative Market Growth Analysis
MRFR asserts that the global market for coffee pods and capsules market is anticipated to showcase a notable market growth during the analysis timeframe. The rise of the market can result in the surging application of coffee pods and capsules in hospitals, hotels, restaurants, and others.
By Distribution Channel
In the distribution channel based segment of the global market for coffee pods and capsules, the non-store based segment is anticipated to witness a higher growth rate during the forecast period. On the other hand, the store-based segment is expected to acquire a larger market share in the analysis timeframe.
By Coffee Type
In the coffee type segment of the global coffee pods and capsules market for coffee pods and capsules, the decaf segment is expected to acquire a higher CAGR than the traditional segment. The decaf coffee is gaining prominence in various countries such as; the US, Canada, Iceland, Denmark, Japan, and South Korea. On the other hand, the traditional segment is predicted to garner a larger market share during the review timeframe. The segment is expected to acquire a market value of USD 15,452.9 million by 2025. The preference of consumers for the traditional segment due to its flavor is likely to be a significant factor that can fuel the segment rise in the analysis timeframe.
Europe to Lead the Global Market during the Forecast Period
As per the assessment by MRFR, the global coffee pods and capsules market for coffee pods and capsules is expected to be dominated by Europe during the forecast period. The region had dominated the global market in 2018 and is likely to maintain its position throughout the forecast period. The increasing demand for easy-to-use coffee capsules and pods is expected to be a significant factor during the analysis timeframe. In addition, the growing adoption of automatic bean-to-cup machines is recognized to be another salient cause that can boost the market growth in the review period.
APAC to Witness the Highest CAGR during the Forecast Period
APAC is expected to witness the highest CAGR during the forecast period owing to the rising awareness of the product in developing countries and the growing disposable income. The presence of developing countries in the region is expected to offer lucrative opportunities to the manufacturers that can grow the market significantly in the forthcoming period.
North America to Procure Significant Market Share during the Forecast Period
North America is expected to witness significant market growth during the forecast period owing to the growing consumption of coffee and the growing portfolios of manufacturers. Besides, the rapid expansion of the consumer base is likely to be another salient cause that is likely to propel the market in the analysis timeframe. Developed nations such as the US, Canada, and others are expected to make a significant contribution to developing the market.
The renowned industrialists of the global coffee pods and capsules market for coffee pods and capsules are adopting various strategies that can result in an expansion of the consumer base. The increasing initiatives of mergers and acquisitions, partnerships, and growing investment are recognized to fuel the competition of the market. Also, the growing innovation of the product is expected to fuel the competition in the coming time.
The report comprises an exhaustive study of the global coffee pods and capsules market for coffee pods and capsules during the forecast period. The segmentation of the market has been performed for a better understanding of market dynamics. The report highlights the manufacturing technology and the applications that impact market expansion. The market is assessed on the grounds of various segments, which informs about the procurement of market share during the analysis tenure. The details about the market have been protracted on the basis of competitive partners and the revenue accumulation in the coming period. The report casts light on the regional, global, and domestic players, which make the market highly competitive. The other market dynamics have also been analyzed across an array of developments, which provides a solid hold of the market in the assessment period. In addition, the report also comprises of the impact of the outbreak of coronavirus on the coffee pods and capsules market growth.
Global Coffee Pods and Capsules Market, By Distribution Channel
Global Coffee Pods and Capsules Market, By Coffee Type
Frequently Asked Questions (FAQ) :
Coffee Pods and Capsules Market is projected to grow at a 7.9% CAGR between 2017-2025.
Europe is expected to dominate the Coffee Pods and Capsules Market.
Coffee Pods and Capsules Market is predicted to touch USD 23,441.0 million by 2025.
The traditional segment will lead the Coffee Pods and Capsules Market.
High price may limit the Coffee Pods and Capsules Market growth.