Coffee Capsule Market is Expected to Expand Recording stable CAGR over the forecast year 2027 & Covid-19 Analysis

The coffee capsule market was valued at US$ 8,327.19 million in 2019 and is projected to reach US$ 14,062.20 million by 2027; it is expected to grow at a CAGR of 7.0% during the forecast period 2020-2027.

Coffee capsule refers to coffee that is packed in a plastic or aluminum package instead of a paper filter. It is usually designed to be used for a single brand or system and is not interchangeable with other systems. Coffee capsule is a single serve vacuum packed capsule that requires a machine which is compatible with it. The benefit of consuming coffee capsule is that the vacuum packing ensures the hygiene and prevents external agents, such as oxygen, humidity, and heat, from entering inside.

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Top Key Players:- ERO Coffee, Vittoria Food and Beverage, Belmoca Belgium (Belmio), Coind group, Nestle Nespresso S.A, Coind Group, Jacobs Douwe Egberts BV, Gloria Jean’s Gourmet Coffee, Luigi Lavazza S.p.A, Dualit Limited, and illycaffè S.p.A.

Consumption of coffee products is rising among health-conscious consumers; thus, manufacturers plan to develop new and innovative formulations, such as coffee capsules, sugar-free coffee premix, and other products, in the market. Alzheimer's disease is the leading cause of dementia in the elderly, followed closely by Parkinson's disease. Studies have shown that drinking three to five cups of coffee per day can reduce the risk of contracting Alzheimer's, Parkinson's, and other forms of dementia by up to 65%.

Asia Pacific coffee capsule market is expected to grow at the highest CAGR during the forecast period. China is dominating the regional market, followed by India and Japan. Consumers in these countries are shifting their preferences toward healthy lifestyle and prefer products that provide health benefits. Therefore, increasing health concerns among consumers drive the growth of the coffee and coffee capsule market in Asia Pacific.

Coffee Capsule Market, by Product Type
• Open Source System
• Close Source System

Coffee Capsule Market, by Application
• Household
• Commercial

Coffee Capsule Market, by Distribution Channel
• Supermarkets and Hypermarkets
• Speciality Stores
• Online Stores
• Others

The COVID-19 outbreak has affected economies and industries in various countries due to imposed lockdowns, travel bans, and business shutdowns. As a result of this outbreak, food processing and consumer goods is one of the major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns.

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This release was published on openPR.