Press release
Coffee Capsule Global Market Size, Share, Emerging Trends, Growth Drivers, Analysis, Report and Forecast 2024-2033 | Nestle Nespresso SA, Starbucks Corporation, Inspire Brands Inc., Belmoca NV, Mera SA
Coffee Capsule Global Market
The Business Research Company offers in-depth market insights through Coffee Capsule Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth 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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Market Segmentation:
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
Major Driver - Rising Popularity Of Instant Non-Alcoholic Coffee In Restaurant And Office Cafeteria Settings Drives Coffee Capsules 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.
Competitive Landscape:
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
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Top Trend - Coffee Capsule Companies Turn To Biodegradable And Bioplastic Materials For Eco-Friendly Brewing
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 Table Of Content For The Market Report 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
…..
27. Coffee Capsule Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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