The global coffee pods and capsules market was valued at US$ 30.3Million in 2022, exhibiting a CAGR of 7.6% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ Million by 2030.
Global Coffee Pods and Capsules Market- Driver
Growing demand for ready to drink coffee beverages
The market for coffee pods and capsules is growing as a result of the rise in demand for coffee beverages that are ready-to-drink. Nowadays, people lead very busy lives as a result of urbanization and industrialization. They need simple coffee and quick refreshments as a result. Coffee pods and capsules produce excellent coffee quickly saving time. Market players like Nestle are inventing new technologies for homemade coffee. Nestlé S.A. is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Vaud, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 2014. For instance, in November 2022, Nestlé’s Nescafe Dolce Gusto launched Neo, the brand's next-generation coffee machines and pods. The coffee pods are paper-based and home compostable.
Global Coffee Pods and Capsules Market- Opportunities
Increasing preference for single-use and disposable nature product
One of the primary reasons for the increasing adoption of coffee pods by consumers is their single-use and disposable nature. In recent years, market participants have been striving to develop eco-friendly and bio-degradable coffee capsules. For instance, in November 2022, a Nestle brand Nespresso launched compostable coffee capsules made from paper. The capsules are compatible with Nespresso coffee machines.
Global Coffee Pods and Capsules Market- Restraints
The primary concern is the waste generated by coffee capsules
The primary concern is the waste generated by coffee capsules. The majority of coffee capsules are composed of a mixture of plastic and aluminium which are not readily recyclable. As a result, a significant proportion of coffee capsules are disposed of in landfills where they can take centuries to decompose. Furthermore, the production and distribution of coffee capsules also contribute to carbon emissions as well as other environmental issues. In September 2022, a Swiss coffee brand, CoffeeB, released a new product, Single-Serve Coffee, which is a compressed coffee ball constructed from seaweed instead of a capsule made of aluminium or plastic.
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https://www.coherentmarketinsights.com/market-insight/coffee-pods-and-capsules-market-5086
Key Takeaways:
On the basis of region, Europe is expected to grow at the fastest rate during the forecast period of the global coffee pods and capsules market.
On the basis of type, capsules type segment held a dominant position in the global coffee pods and capsules market in 2022, accounting for 7.6% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Global Coffee Pods and Capsules Market- Trends
Numerous variety available for coffee in the market
The popularity of coffee pods and capsules is largely attributed to the quality, efficiency, and variety of options available in a single cup of coffee. Furthermore, consumers are increasingly willing to invest in coffee machines in order to replicate the cafe-like experience in the comfort of their own homes. This has led to a surge in the demand for coffee-based pods and capsules. Due to the fact that coffee is the most widely consumed beverage, the demand for pods and capsules is the driving force behind the growth of the market.
Global Coffee Pods and Capsules Market - Impact of Coronavirus (Covid-19) Pandemic
The coronavirus outbreak is the first and foremost human tragedy, affecting hundreds of thousands of people worldwide. In addition to the severe implications on people’s health and healthcare services, the coronavirus (COVID-19) is significantly impacting businesses and the economy. The World Health Organization declared COVID-19 a pandemic on March 11, 2020, causing a massive impact on people’s lives, families, and communities. Due to the factors mentioned above, governments have introduced multiple measures intended to slow down the spread of the virus. Some essential initiatives include social isolation directives, limitations on business opening hours, and travel restrictions. Therefore, the majority of coffee consumers are purchasing coffee via online delivery channels. A large number of consumers are ordering their coffee online, increasing the consumption of at-home coffee consumption, or are increasingly purchasing coffee pods.
