Market Synopsis
Coffee pods and capsules provided by the market players are mainly compatible to the coffee brewing machines, usually offered by the same vendor. Thus, coffee pods have a limitation in terms of brewing. In order to overcome this limitation and to offer an ease to consumers while brewing coffee from pods and capsules, the market players are innovating their product offerings. Prominent vendors are including coffee pods and capsules in their product portfolio that are compatible to different kinds of brewing machines. Moreover, key manufactures are also emphasizing on promotional activities to create strong awareness among the consumers regarding the convenience of using coffee pods and capsules. This in turn is accelerating the growth of global coffee pods and capsules market.
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Asia-Pacific is expected to grow at the highest pace in global coffee pods and capsules market during the forecast period. The region is emerging as a lucrative market for coffee pods and capsules due to the increasing per capita disposable income of the consumers. In addition, consumers are willing to pay a premium price for value-added coffee products such as coffee pods and capsules. China, India, and Japan are key contributors to the coffee market in this region. China is among the tea-drinking countries, however, over the period coffee consumption has increased, which is driving the growth of coffee market in the Asia-Pacific region. In addition, key manufacturers of coffee are targeting the Asia-Pacific region to enhance the volume sales of coffee and coffee product.
North America is expected to garner a significant revenue share in the coffee pods and capsules market due to presence of major market players in the region. Expanding product portfolio of coffee pods and capsules by key manufacturers is one of the significant factors boosting the growth of coffee pods and capsules market in the region. Innovations in flavors of coffee pods is one of the main factors which is expected to positively impact the growth of the market in North America.
Europe is expected to dominate the Global Coffee Pods and Capsules Market due to high preference of consumers towards premium coffee products such as coffee pods and capsules. Development of new products along with the technological upgradations is anticipated to drive the growth of coffee pods and capsules market in the European countries during the forecast period. Germany, UK, France, and Italy are the leading coffee-consuming countries in this region which in turn are emerging as major markets of coffee pods and capsules.
Rest of the world is expected to garner a notable market share and project a considerable growth rate during the forecast period. The region’s growth can be attributed to the changing lifestyle of people, especially in the Middle East. Moreover, the growing coffee industry in the UAE is also fueling the growth of coffee pods and capsules market in the region.
Segmentation
The global coffee pods and capsules market has been segmented by serving size, coffee type, and distribution channel.
By serving size, the global coffee pods and capsules market has been classified as single serving, and multi serving. Based on coffee type, the global coffee pods and capsules market has been divided into traditional, decaf, and others. The distribution channel segment has been divided into store based and non-store based. The store-based channel has been further segregated into supermarkets & hypermarkets, convenience stores, and others.
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Top Key Players
Some of the Key Players in the Global Coffee Pods and Capsules Market are Nestlé (Switzerland), LUIGI LAVAZZA SPA (Italy), Caffè d’Italia (Italy), Dualit Limited (UK), illycaffè S.p.A. (Italy), Keurig Dr Pepper, Inc. (the US), Jacobs Douwe Egberts (the Netherlands), and The J.M. Smucker Company (the US).
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