Coffee Capsules: By Material (Plastic, Bio Plastics, Others), By End Use (Commercial, Household), By Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, Others), And Region - Global Analysis of Market Size, Share & Trends For 2021-2022 And Forecasts To 2031
Coffee capsules to surpass USD 13.9 billion by 2031 from USD 7.7 billion in 2021 at a CAGR of 6.1% in the coming years, i.e., 2021-31.
Coffee capsules are ready to use, packaged form of coffee in measured doses for espresso makers. It is a cylindrical vacuum packed capsule in a plastic or aluminum packaging. Coffee capsules require a machine for making coffee. Due to its fresh aroma and flavor it is highly preferred by coffee lovers.
Coffee capsules to surpass USD 13.9 billion by 2031 from USD 7.7 billion in 2021 at a CAGR of 6.1% in the coming years, i.e., 2021-31. With the changing lifestyle and increase in disposable income, consumers are inclining towards rich taste along with more convenient options and therefore are preferring Coffee Capsules over traditional options. Further, the rise in demand for coffee machines from different end users and health benefits of coffee are leading to the growth of Coffee Capsules market.
Based on End Use, Coffee Capsules market is classified into Commercial, Household. During the forecast period, Commercial segment is projected to grow with the highest CAGR. The growth is attributed to the increasing consumption of coffee in the coffee shops, cafes, restaurants, hotels and offices. Increasing consumption of coffee as a non-alcoholic beverage is also contributing to the market growth. Rising trends of drinking coffee at commercial places will drive the growth of the market.
Coffee Capsules market is fragmented on the basis of distribution channel into Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others. During the forecast period, Supermarkets and Hypermarkets are expected to grow with the highest CAGR. The growth is attributed to the availability of wide variety of products in supermarkets and hypermarkets. There are number of options of coffee capsules to choose from as different coffee brand products are placed together in the supermarkets and hypermarkets. Further, high footfall in supermarkets and hypermarkets is also inducing the sale of coffee capsules and thus driving the market growth.
Increasing consumption of coffee
Coffee is loved all over the world and is widely consumed by many people. With changing lifestyle and increase in disposable income, consumers are inclining towards rich taste along with more convenient options and therefore are preferring Coffee Capsules over traditional options. Coffee capsule is the most convenient option which gives great taste just like a barista coffee, it is fresh and hash great aroma, it has a long shelf life and is available in different varieties, all these factors drive the consumer interests towards the Coffee Capsules. Further, rising demand of non-alcoholic beverages is also fueling the market growth.
Rapid Adoption of Coffee Machines and Benefits of Coffee
Rise in demand for coffee machines from different end users is the key factor driving the market growth. Individuals are buying coffee machines to recreate the barista like feel at home. Also, with hectic work schedules several office are adopting coffee machines as it is a more convenient option and with the rising expansion of cafes in the world, Coffee Capsule’s demand is significantly growing. Further, healthy properties of coffee such as it is rich in antioxidants, has anti-cancer properties and the caffeine content in coffee are some factors leading to the growth of Coffee Capsules market.
Lack of Awareness and Harmful Effects of Packaging
Although, there are a lot of consumers of Coffee Capsules but there is also a huge market which is untouched by the producers due to lack of awareness among the consumers which is impeding the market growth. Also, owing to plastic and aluminum packaging of coffee capsules which pose a severe environmental threat will further restrain the market growth.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Coffee Capsules market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. Europe is predicted to hold the maximum market share during the forecast period. The growth is attributed to the increasing consumption of coffee and rise in disposable income. Consumers are preferring premium options along with convenience and availability of new products in the region are some factors contributing to the market growth. The increasing trend of Cafes is further driving the market growth in the region.
The global outbreak of coronavirus has adversely affected the economic growth of several countries. The strict imposition of lockdowns and travel bans have led to the shutdown of many businesses. There has been a huge imbalance in the supply and demand of goods and services. Covid-19 has hampered the procurement of raw materials and has caused a huge disruption in supply chain management. The coffee Capsules market is negatively affected due to Covid-19. However, with the world recovering from the unprecedented effects of Covid-19, the Coffee Capsules Market is expected to grow at a significant rate.
Market size value in 2021
USD 7.7 billion
Revenue forecast in 2031
USD 13.9 billion
CAGR of 6.1% from 2021 to 2031
Base year for estimation
Revenue in USD million and CAGR from 2021 to 2030
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Material, End Use, Distribution Channel, and Region
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Key companies profiled
Nestle Nespresso, Lavazza, Gourmesso, Gloria Jean's Coffees, Bestpresso Coffee, Dunkin Brands, Starbucks Corporation, Kiss Me Organics, The Kraft Heinz Company, VERO Coffee, Vittoria Food and Beverage, and Other Prominent Players.
Coffee Capsules market size was estimated at USD 7.7 billion in 2021 and is expected to reach USD 13.9 billion in 2031.
Coffee capsules are ready to use, packaged form of coffee in measured doses for espresso makers. It is a cylindrical vacuum packed capsule in a plastic or non-plastic packaging.
Commercial segment accounted for the largest Coffee Capsules market share.
Key players in the Coffee Capsules market include Nestle Nespresso, Lavazza, Gourmesso, Gloria Jean's Coffees, Bestpresso Coffee, Dunkin Brands, Starbucks Corporation, Kiss Me Organics, The Kraft Heinz Company, VERO Coffee, Vittoria Food and Beverage, and Other Prominent Players.
Increasing consumption of coffee and rapid adoption of Coffee Machines and health benefits of coffee are the factors driving the Coffee Capsules market.
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