PUBLISHER: The Business Research Company | PRODUCT CODE: 1387841
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387841
“Coffee Pods Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on coffee pods market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for coffee pods? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The coffee pods market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
A coffee pod is a biodegradable paper pouch containing ground coffee, which is sealed inside and brewed using specially designed pod brewers.
The coffee pods market, as discussed in this report, is categorized into two main product types soft coffee and hard coffee. Soft coffee is known for its mellow, well-rounded flavor without the presence of harshness or acidity. Additionally, the market is segmented by roast type, including dark, medium, and light roasts, and by caffeine content, distinguishing between regular and decaffeinated coffee pods.
The coffee pods research report is one of a series of new reports from The Business Research Company that provides coffee pods statistics, including coffee pods industry global market size, regional shares, competitors with coffee pods share, detailed coffee pods segments, market trends and opportunities, and any further data you may need to thrive in the coffee pods industry. This coffee pods research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The coffee pods market size has grown steadily in recent years. It will grow from $6.54 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth observed during the historical period can be attributed to factors such as the convenience offered by coffee pods, the demand from busy lifestyles, the variety of flavors available, and the increasing concerns regarding sustainability.
The coffee pods market size is expected to see steady growth in the next few years. It will grow to $7.94 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The anticipated growth in the forecast period can be attributed to various factors, including the trend toward premiumization, the rise of e-commerce and direct-to-consumer (DTC) sales, expansion into emerging markets, the influence of health and wellness trends, and the prevalence of home office culture. Key trends expected in the forecast period include technological advancements in coffee pod production, the adoption of sustainability and eco-friendly pod options, ongoing innovation in coffee flavors, the development of health and wellness-oriented coffee pods, the integration of smart coffee machines, the prominence of private label and store brands, the desire for a cafe-style experience at home, and the introduction of functional coffee pods.
The projected growth in the working population is set to drive increased demand for convenience products, leading to a significant uptick in the coffee pods market. As an example, data from September 2022, provided by the US-based government agency, the Bureau of Labor Statistics, indicates that the number of employed women aged 16 and above increased from 72,295,000 in September 2021 to 74,349,000 in September 2022. This expanding working population is expected to result in a heightened desire for coffee pods and other convenient products during the forecast period, thus contributing to the growth of the coffee pods market.
Anticipated lifestyle changes are poised to be a key driver in the coffee pods market's growth moving forward. Lifestyle changes encompass modifications in the way individuals or groups live, including their behaviors, habits, daily routines, and choices. These lifestyle shifts are closely aligned with consumer preferences for convenience, customization, and quality in their coffee consumption. The adaptability of coffee pods to modern lifestyles has made them a favored choice for coffee enthusiasts and those seeking quick and personalized coffee solutions. For instance, data from January 2021, sourced from the UK-based government body, the Government Digital Service, suggests that in 2021, 80% of individuals over the age of 18 made lifestyle changes. Hence, the increasing prevalence of lifestyle changes is propelling the growth of the coffee pods market.
The bans imposed on coffee pods in certain regions due to their adverse environmental impacts are expected to limit the growth of the coffee pods market. Research conducted by Packaging Online in 2021 revealed that 29,000 plastic coffee pods end up in landfills every month, totaling nearly 350,000 annually, where they can take up to 500 years to decompose. The production of coffee pods relies heavily on single-use plastic, and most local recycling programs do not accept these pods, leading to their disposal in landfills, causing significant harm to the environment. This situation is likely to restrain the expansion of the coffee pods market in the coming years.
Companies operating in the coffee pods market are actively engaged in new product development to align with environmental requirements and better cater to their customers. The introduction of compostable pods has emerged as a prominent trend in the coffee pods market. For example, in December 2021, Australia-based specialty coffee company, Zarraffa's Coffee, launched 100% biodegradable and compostable Okapi coffee capsules, composed entirely of plant-based materials like sugarcane and sugar beet.
Major companies in the coffee pods market are innovating with new products such as coffee-at-home aluminum pods to enhance their market presence and profitability. Coffee-at-home aluminum pods are single-serve coffee capsules made of aluminum, designed for use in various coffee makers. For instance, in August 2021, UK-based coffee flavor company, Pret a Manger Ltd., introduced coffee-at-home aluminum pods, providing a convenient and eco-friendly choice for coffee enthusiasts who wish to enjoy a premium coffee experience at home. The company's participation in the Podback program and its collaboration with JDE Peet reflect its commitment to sustainability and customer satisfaction.
Major companies operating in the coffee pods market include Nespresso SA, The Kraft Heinz Company, Jacobs Douwe Egberts Au Pty Ltd., Dunkin Brands Inc., Luigi Lavazza SpA, Keurig Green Mountain Inc., Kraft Foods Group, Starbucks Corporation, Coffee Roaster Peeze, Colonna Ltd., Gloria Jeans's Coffee International Pty Ltd., Ueshima Coffee Company, Little's Rich Coffee, Artisan Coffee Co, Solimo Coffee CO, Maud's Coffee & Tea, Keurig Dr Pepper Inc., Folger Coffee Company, Cafe Bustelo, Gevalia, Two Rivers Coffee, Happy Belly, Gourmesso Coffee, Artizan Coffee Co, Storyville Coffee Co, Bulletproof 360 Inc., Peet's Coffee, illycaffe SpA, Fresh Brew Co, Georg MENSHEN GmbH & Co KG
Asia-Pacific was the largest region in the coffee pods market in 2023. Western Europe was the second-largest region in the coffee pods market.The regions covered in the coffee pods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the coffee pods market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada
The coffee pods market consists of sales of hard coffee pods, soft coffee pods, and other coffee pods. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.