PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358097
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358097
The global coffee pod and capsules market is projected to reach around US$ 59.1 Million by 2030, in terms of revenue, exhibiting a CAGR of 7.6% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 30.3 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 10.00% | 2030 Value Projection: | US$ 59.1 Mn |
Coffee pods and capsules are a fast-growing market. The popularity of these products is attributed to their convenience and affordability. The main difference between capsules and coffee pods lies in their durability. Unlike the paper surface of coffee pods, capsules can withstand prolonged storage. However, after the due date of the product, the coffee pods can begin to degrade, making them susceptible to microscopic agents. Coffee capsules are used in single-cup machines and percolators. It contains enough coffee for one serving. Usually, coffee capsules are placed inside a pod in a coffee machine. The machine then injects hot water inside the pod, spinning the coffee capsule and letting the water and coffee brew together. The water then flows out through special holes in the pod and travels to the cup as a foamy drink.
Growing demand for specialty and organic coffee pods and capsules, coupled with the launch of fully recyclable coffee pods, is a major factor driving growth of the coffee pods and capsules market. Moreover, increasing online sales of pods and capsules are again fostering market growth. Furthermore, key players are focusing on enhancing packaging to attract consumers, which is also anticipated to augment market growth. Additionally, the growing sale of single-serve coffee pods will further favor the market growth. On the other hand, the high cost of coffee pods is expected to limit the adoption of coffee pods and capsules.
Coffee Pods and Capsules Market Detailed Segmentation: