The coffee pods and capsules market is expected to be worth USD 21,606.5 million and grow at a CAGR of 6.21% by 2030.
The primary drivers driving the coffee pods and capsules market include a rise in demand for non-alcoholic drinks, growth in demand for coffee pods and capsules by coffee chains and significant participants in the industry, and the rising popularity of coffee. People’s lifestyles and preferences have changed as a result of globalization. Furthermore, there is a large range of coffee recipes accessible currently. Consumers are increasingly opting for non-alcoholic beverages. Furthermore, the global disposable money growth has led to a shift in consumer tastes. Due to lifestyle changes, customers have become increasingly busy and want portable, quick-to-use beverage solutions.
Furthermore, demand for coffee pods has increased from both large coffee shops and eateries. These pods and capsules provide high-quality coffee that is easy to prepare and comes in a wide range of flavors. Furthermore, they are single-use and simply disposable. These elements are expected to grow in the market. The long-term impact of the COVID-19 epidemic on consumer demand for at-home coffee is unknown. Still, the continued interruption to out-of-home coffee sales owing to the pandemic has prompted large coffee chains to expand sales through retail packaged coffee. Furthermore, customers are eager to buy coffee equipment to replicate the cafe-style experience at home. As a result, there is a greater need for coffee pods and capsules.
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What segments are covered in coffee pods and capsules market?
The Global Coffee Pods And Capsules Market is classified into type and distribution channels.
According to the type:
According to the distribution channel:
The Global Coffee Pods And Capsules Market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World.
The European market has recently seen an increased demand for specialty coffees and single-serve techniques. Germany and France are the market leaders in the area. In contrast, as the market value of coffee pods and capsules rises, so will the number of private-label businesses joining the other nation market, which is expected to drive the total regional market throughout the forecast period. However, environmental concerns about the packaging of coffee pods and capsules are slowing the region’s development pace. As a result, numerous new entrants are developing novel and sustainable packaging solutions. Thus, the European area maintains its dominance in the worldwide coffee pods and capsules market through strong product and packaging innovation. ?
Asia-Pacific is predicted to have the greatest CAGR or growth rate by the end of the current forecast period. North America is also predicted to earn a sizable worldwide market share throughout the forecast period.
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