The global coffee capsules market is expected to grow significantly, with a projected value of US$ 243.3 million in 2023, increasing to US$ 396.3 million by 2033.
The demand for coffee capsules is driven by various factors. Consumers are drawn to the convenience and ease of use that coffee capsules offer, allowing them to quickly brew a single cup of coffee without traditional equipment.
Manufacturers continuously introduce new flavors to cater to diverse preferences, and sustainability has become a key trend in the market. Online retailing and subscription services have also contributed to market growth.
Manufacturers are expanding their presence in these markets as coffee consumption rises in developing economies. Coffee capsules offer advantages in terms of convenience and quality, attracting investment from corporations.
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Factors Driving the Coffee Capsules Market
Several factors contribute to the growth and success of the Coffee Capsules Market. Let’s explore some of the key drivers fueling its expansion.
1. Convenience and Time-saving
One of the primary factors driving the popularity of coffee capsules is the convenience they offer. With our fast-paced lifestyles, consumers are constantly seeking ways to save time without compromising on quality. Coffee capsules provide a quick and hassle-free solution for brewing a delicious cup of coffee, eliminating the need for grinding beans, measuring proportions, and dealing with messy filters. This convenience factor has propelled the adoption of coffee capsules among busy individuals, office spaces, and hospitality establishments.
2. Wide Variety of Flavors
Coffee capsules offer an extensive range of flavors and blends to cater to diverse consumer preferences. Whether you’re a fan of bold and intense espresso or prefer a smooth and mellow brew, there is a coffee capsule to suit every taste. Manufacturers have capitalized on this demand by introducing innovative flavors and collaborating with renowned coffee brands to provide consumers with a delightful coffee experience.
Competitive Landscape
There are many key players operating in the market and aim at following effective strategies. A few big competitors, like Dunkin’ Brands and Starbucks Corporation, currently have a significant part of the global market. However, high product innovation, the launch of limited-edition coffee pods, large distribution networks, and better supply chains have resulted in high market consolidation, with Nestle (Nespresso and Dolce Gusto) and JAB Holdings (Senseo, Tassimo, and Keurig) holding a significant market share.
Latest Developments
- CafePod Coffee Co., an independent coffee company based in London, announced its relaunch in July 2018 with bold and exotic new product lines and multi-channel marketing strategies. The company announced the release of four new coffee stock-keeping units for ground coffee, entire beans, and coffee pods.
- In June 2018, Keurig Dr. Pepper introduced two new all-in-one coffee makers for sale in the United States. The newly released machines use Keurig’s K-Pod coffee pods to make a range of coffee drinks, including lattes, cappuccinos, and others.
The Major Key Players Are-
- Nestle Nespresso
- Lavazza
- Gourmesso
- Gloria Jean’s Coffees
- Bestpresso Coffee
- Dunkin Brands
- Starbucks Corporation
- Kiss Me Organics
- The Kraft Heinz Company
- Keurig
- Nespresso
- Dolce Gusto
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Key Takeaways
- The plastic segment holds the majority market share in the coffee capsules market, contributing to around 3 out of 5 sales. It is projected to create a significant incremental opportunity of US$ 38.0 billion from 2023 to 2033. Further, there is growing demand for bioplastic coffee capsules due to increasing sustainability concerns.
- In the commercial sector, coffee capsules are witnessing surging demand, with the segment projected to account for 75.4% share in 2022 and expand at a CAGR of 4.6% from 2023 to 2033. The adoption of coffee capsules in offices, cafes, and other establishments is driving this growth.
- In Germany, the consumption of coffee is increasing, leading to an expansion of the coffee capsules market at a CAGR of 4.4%.
- India is considered a notable market for coffee capsules due to its growing coffee production. India’s market is projected to create an incremental opportunity of US$ 33.9 million from 2023 to 2033.
- The United States market for coffee capsules is thriving, with a diverse range of brands, flavors, and subscription services available. Premiumization is a notable trend, with consumers willing to pay for high-quality coffee capsules.
“Rising consumption of coffee along with increasing demand for fast & effortless coffee solution among the cafes & restaurants are projected to augment the sales of coffee capsules. Also, the compatibility of coffee capsules with different machines is estimated to create growth opportunity for the coffee capsules manufacturers” –says an FMI Analyst
Coffee Capsules Market By Category
By Material:
- Plastic
- Bio Plastics
- Others (Fabric, etc.)
By End Use:
- Commercial
- Household
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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