Coffee Capsule Market Size Is Anticipated To Record A Valuation Of US$ 14,062.20 million By 2027, According To The Most Recent Study By The Insight Partners

According to a new market research report "Coffee Capsule Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product (Open Source System and Closed Source System), Application (Household and Commercial) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Stores, and Others), and Geography" published by TheInsightPartners, the Coffee Capsule market size is projected to grow from US$ 8,327.19 million in 2019 to US$ 14,062.20 million by 2027, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period.

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 a single serve vacuum packed capsule that requires a machine which is compatible with it. 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.

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A few key players operating in the global coffee capsule market are VERO Coffee, Vittoria Food and Beverage, Belmoca Belgium(Belmio), Coind group, Nestle Nespresso S.A., Jacobs Douwe Egberts BV, Gloria Jean's Gourmet Coffee, Luigi Lavazza S.p.A, Dualit Limited and illycaffè S.p.A. These companies implement new product developments, and mergers and acquisitions strategies to enlarge their customer base and gain significant market share across the world, which in turn, permits players to maintain their brand name in the global market.

Europe is expected to hold the largest share of the global coffee capsule market during the forecast period. This mainly attributed to the shift in the food eating habits and socio-economic conditions of consumers. Increasing disposable income of consumers and rising number of coffee consumers drive the market for coffee capsule. The growing expenditure on nutritional and healthy products, and rising awareness about the health benefits associated with coffee capsules also support the market in the region. The combination of convenience, brand experience, premium positioning, and the capacity of the manufacturers to innovate and provide new products are yet another factors favoring the market for coffee capsules in Europe. Also, the shift in the consumer preference from instant coffee to more premium options, such as fresh ground coffee, is expected to drive the market for coffee capsule in the region. In addition, the growing popularity of specialty cafes in countries across Europe is further boosting the consumption of coffee which further supports the market for coffee capsule.

COVID-19 outbreak started in Wuhan (China) in December 2019 and has rapidly spread around the world. The US, India, Brazil, Russia, Spain, Mexico, and Argentina are among the most-affected countries in terms of COVID-19 cases and pronounced deaths, as of September 2020. According to the report by WHO, as of September there were ~33,580,503 COVID-19 confirmed cases and ~1,006,975 death cases worldwide. The COVID-19 pandemic has affected economies and undertakings due to imposed lockdowns, travel bans, and business shutdowns. The global food & beverages industry is one of the major businesses witnessing supply chain breaks and manufacturing disruptions due to lockdown and office shutdowns. All these factors have greatly affected the global coffee capsule market growth.

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Market Insights

Convenience oriented customer style

Consumer inclination toward innovative machines for convenience has increased the adoption of capsule coffee machines across the world, which in turn, drives the growth of the market. Due to their rising population and increasing adoption of Western trends, China and India are potential markets for coffee pods and capsules. Nowadays, due to urbanization, consumers have a work-oriented lifestyle. They need everything quickly and conveniently. They look for products which can save and provide good quality; thus, coffee capsule comes into demand. The increase in demand for ready-to-drink coffee beverages majorly drives the market across Asia Pacific. There has been an increase in applying these products in the coffee shops due to rising demand for time-pressed consumers. Continuous advancements in the capsule machine technology upgraded with new features, innovative concepts, and applications evolve to provide enhanced quality and improved capacity, along with low energy consumption and minimum maintenance cost. Rapid urbanization in many developing economies, infrastructural development, and the increasing working population have increased the demand for convenient-to-use, packaged food and beverages. As a result, the adoption of coffee capsule is rising in most cafés and restaurants.

Product Insights

Based on product, the coffee capsule market is further bifurcated into open source system and close source system. In 2019, the close source system segment dominated the market. In the capsule coffee system, the coffee is shrink-wrapped in a capsule instead of filter paper. There are variety of capsules and pods, with 7-10 grams of coffee content. Coffee capsule is used for an array of products, not just ground coffee. A closed-source system is a combination of a particular machine with a specific capsule. Closed-source systems were the first to be introduced in the market, and hence, the segment accounts for the larger share of the global capsule coffee machine market. Coffee capsule machines have many advantages. It simplifies coffee making process, cutting out the grinding, pressing, and storing the coffee. Coffee in the capsule is ground to perfection and sealed at optimum pressure. Therefore, all these factors drive demand for the coffee capsule. Moreover, the growing young population and rising number of coffee outlets are further expected to boost the demand for coffee capsules in the market.

GLOBAL COFFEE CAPSULE MARKET SEGMENTATION

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

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