A recent research report published by MarkNtel Advisors states that the Global Coffee Pods and Capsules Market is set to record around 7.4% CAGR during 2022-27. The increasing penetration of coffee machines for both commercial & domestic applications is augmenting the demand for efficient & time-conserving coffee preparation and, in turn, driving the Global Coffee Pods and Capsules Market. In addition, the growing inclination of manufacturers toward using sustainable & eco-friendly packaging materials for coffee pods & capsules is also playing a notable role in boosting the market.
Besides, the mounting demand for non-alcoholic hot beverages across different commercial outlets like hotels, restaurants, offices, & cafeterias, among others, is also playing a prominent role in augmenting the market expansion worldwide. Additionally, with the growing health consciousness and surging consumer inclination toward organic coffee, the leading coffee manufacturers are actively working toward bringing healthier options to coffee. Moreover, the packaging of coffee pods & capsules that has undergone critics & innovations is now also available in a material that offers longer shelf life & freshness of coffee in pods & capsules. Manufacturers are investing substantially in sustainable & eco-friendly packaging while also using recycled plastic & polymers.
Furthermore, rapid technological advancements have led to the emergence of coffee machines that can accommodate customized coffee pods & capsules. It, in turn, is generating opportunities for the leading players to manufacture products that fit all types of coffee machines. Nonetheless, a wide variety of coffee pods & capsules in supermarkets & retail stores is swiftly gaining attention from consumers and demonstrating acceptance of specialized flavors, blends, brands, etc., associated with coffee pods & capsules and fueling the market growth, further states the research report, “Global Coffee Pods and Capsules Market Analysis, 2022.”
Rise in Commercial Establishments of Coffee Outlets Drives the Coffee Pods and Capsules Market
The Global Coffee Pods and Capsules Market is expecting lucrative prospects for commercial applications during 2022-27. It owes to the massive influx of tourists across different corners of the world and an escalating establishment of cafes, restaurants, hotels, etc., which, in turn, is augmenting the demand for coffee pods & capsules to facilitate quicker coffee preparation & easy catering for customers.
Besides, with the rapidly expanding consumer base for coffee, some prominent brands are expanding their product offerings across exclusive stores & cafes. Since such coffees are also exported to different countries, manufacturers are increasing their production & distribution capabilities and, in turn, contributing to the growing sales of coffee pods & capsules for commercial applications.
With Various Emerging Varieties of Coffee Pods & Capsules, Europe to Acquire the Largest Market Share
The Europe Coffee Pods and Capsules Market is expected to be the largest of all regions globally during 2022-27. It owes to the large chunk of coffee-drinkers & continuously increasing working population with minimum or no time for food & beverage preparations, i.e., driving the demand for coffee pods & capsules among these people owing to the easy availability, quicker preparation, & wide range of options.
Besides, coffee producers across different countries in Europe are introducing new products and providing diverse blends in these coffee pods & capsules. In addition, several new entrants in the market are also actively working on expanding their production & distribution capabilities to meet the rising requirements of both residents & tourists, which, as a result, projects remunerative prospects for the regional market in the years ahead.
The major companies in the Global Coffee Pods and Capsules Market include Gloria Jean's Coffees, Gourmesso, Inspire Brands Inc., JAB Holding Company, Luigi Lavazza SpA, Nestle SA, Starbucks Corporation, Strauss Group, The Kraft Heinz Company, and Trilliant Food & Nutrition LLC.
Key Questions Answered in the Research Report