Coffee Capsule Market 2023 - Industry Insights, New Trends, Opportunities, And Forecast To 2032
As per the coffee capsule market report by The Business Research Company, the growing popularity of instant non-alcoholic beverages such as coffee in restaurants and office cafeterias propel the growth of the coffee capsule 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.
The global coffee capsule 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 global coffee capsule market is expected to grow to $17.9 billion in 2027 at a CAGR of 7.7%.
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Major competitors in the coffee capsule market include Nespresso, Keurig, Gloria Jean's Coffees, Nescafe, Nestle, Lavazza A Modo Mio, Starbucks, Bestpresso, Kissmeorganics, and Gourmesso.
The coffee capsule market is segmented -
• By Material: Conventional Plastic, Bio plastics, Fabric, Other Materials
• By Application: Household, Commercial
• By Product: Closed Source System, Open Source System
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the global coffee capsule market.
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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.
The Table Of Content For The Coffee Capsule Market Include:
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
6. Coffee Capsule Market Segmentation
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
The "Global Coffee Capsule Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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