Overview and Scope
A coffee capsule is a small, cylindrical container that contains coffee and is sealed with aluminum foil. Coffee capsules contain finely ground coffee in a measured amount. Coffee capsules come in different flavors and can be used with or without a coffee machine.
Sizing and Forecast
The coffee capsule market size has grown rapidly in recent years. It will grow from $13.77 billion in 2023 to $15.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to retail and online distribution, market entry of nespresso, keurig’s impact, patent expirations, variety of flavors and blends.
The coffee capsule market size is expected to see strong growth in the next few years. It will grow to $21.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to rising innovation in capsule design, expanding flavor profiles, sustainability initiatives, health and wellness trends, premiumization and luxury offerings. Major trends in the forecast period include innovation in capsule technology, convenience and portability, ethical sourcing and transparency, limited edition capsules, eco-friendly packaging.
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Segmentation & Regional Insights
The coffee capsule market covered in this report is segmented –
1) By Product: Closed Source System, Open Source System
2) By Material: Conventional Plastic, Bio plastics, Fabric, Other Materials
3) By Application: Household, Commercial
Asia-Pacific was the largest region in the coffee capsules market in 2023. Western Europe was the second-largest region of the global coffee capsules market share. The regions covered in the coffee capsule market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing popularity of instant non-alcoholic beverages such as coffee in restaurants and office cafeterias propel the growth of the coffee capsules market. The coffee capsules reduce the time and effort required in preparing a cup of coffee when used in coffee machines in coffeehouses, office cafeterias. Increasing demand for non-alcoholic beverages among millennials, consumer awareness towards low sugar and non-alcoholic drinks, busy work schedules, and changing consumer taste are a few of the reasons that have been attributed to the rise in the popularity of instant non-alcoholic beverages such as coffee. For instance, in September 2022, according to a recent National Coffee Data Trends (NCDT) report published by National Coffee Association, a US-based consumer information, and lobbying association for the coffee industry, coffee has hit a new high among 18-24-year-olds, with 51% having consumed coffee in the previous day, breaking the previous high of 50% set in September 2020. Therefore, the increasing use of coffee machines in restaurants, office cafeterias to fulfil the increased demand for instant non-alcoholic beverages such as coffee, increases the demand for coffee capsules, thus increasing the growth of the coffee capsules market.
Key Industry Players
Major companies operating in the coffee capsule market report are Nestle Nespresso SA, Starbucks Corporation, Inspire Brands Inc., The Kraft Heinz Company, BSH Hausgeräte GmbH, Keurig Dr Pepper Inc., JDE Peet’s N.V., The J.M. Smucker Company, Mattel Inc., Kiss me Organics LLC, Tim Hortons Inc., Luigi Lavazza SpA, Dunkin’ Brands Group Inc., illycaffe S.p.A., Coffeeza Trading Private Limited, Caffitaly System S.p.A., Gloria Jean’s Gourmet Coffees Corp., Vittoria Food & Beverage Pty Ltd., Fresh Brew Co., Dualit Limited, Georg MENSHEN GmbH & Co. KG, Acron Holdings Ltd., Belmoca NV, Mera SA, Bestpresso Inc., Gourmesso USA Inc., Aumeeka Ventures LLP, Coffee Nirvana Co., Halo Coffee Ltd., JAB Holding Company, Jacobs Douwe Egberts B.V., Maxingvest AG
The coffee capsule market report table of contents includes:
1. Executive Summary
2. Coffee Capsule Market Characteristics
3. Coffee Capsule Market Trends And Strategies
4. Coffee Capsule Market – Macro Economic Scenario
5. Global Coffee Capsule Market Size and Growth
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31. Coffee Capsule Market Other Major And Innovative Companies
32. Global Coffee Capsule Market Competitive Benchmarking
33. Global Coffee Capsule Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Coffee Capsule Market
35. Coffee Capsule Market Future Outlook and Potential Analysis
36.Appendix
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