The Coffee Capsule Global Market Report 2023 by The Business Research Company, provides coffee capsule market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Coffee Capsule Global Market Report 2023, the market will grow from $12.33 billion in 2022 to $13.3 billion in 2023 at a compound annual growth rate (CAGR) of 7.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global coffee capsules is expected to grow to $17.9 billion in 2027 at a CAGR of 7.7%.
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.
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The coffee capsule market is segmented:
1) By Material: Conventional Plastic, Bio plastics, Fabric, Other Materials
2) By Application: Household, Commercial
3) By Product: Closed Source System, Open Source System
One of the latest trends for companies in the coffee capsules market is to use bioplastics and biodegradable materials for making coffee capsules. Companies in the coffee capsules market are investing in finding ways to use bioplastics and biodegradable materials for making capsules instead of using aluminum or plastic to hold the coffee extract. Capsules made from aluminum and plastic are non-biodegradable and harm the environment, thus pushing companies towards finding new innovative bio-degradable materials such as polypropylene, which can be shredded and recycled to be used to make coffee capsules. For instance, in December 2021, Zarraffa’s Coffee, an Australia-based specialty coffee company, introduced 100% biodegradable and compostable Okapi coffee capsules. The entire capsule is comprised of plant components such as sugarcane and sugar beet.
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. Coffee Capsule Market Size And Growth
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26. Africa Coffee Capsule Market
27. Coffee Capsule Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coffee Capsule Market
29. Coffee Capsule Market Future Outlook and Potential Analysis
30. Appendix
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