Coffee is the most widely used product in the world after oil. The global coffee capsule market is estimated to register a CAGR of 6.86 % in terms of value during forecast period 2019–2028. Coffee capsule market is increase in demand for coffee in hotels, restaurants; office cafeterias etc. as well as the changing lifestyle are the factors boosting the demand for global coffee capsule market.
Top Driver: The affluence-of-use of coffee capsule products, good marketing, and the wide variety of flavors have contributed to an increase in demand for coffee capsule
Based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Coffee is the most widely used product in the world after oil. Approximately 1.5 billion cups of coffee is consumed per day. Coffee companies are meeting demand with a variety of high quality products, and have developed new ways to individualize the experience, focusing on smaller portion sizes like capsules. Coffee capsule are also known as single-serve coffee container. Coffee capsules packaging are made of single-layer of polypropylene (PP) and Ethylene vinyl alcohol (EVOH) with oxygen barrier layer.
Influence expected to drive growth of the global coffee capsule market is increase in demand for coffee in hotels, restaurants, office cafeterias etc. are the key driver for global coffee capsule market. In addition, coffee have anti-cancer properties, coffee is linked to lower rates of colon, liver, breast, and rectal cancers, increasing population, varying lifestyle are the factors boosting the demand for global coffee capsule market.
Open-source system to Make Crucial Contribution to Growth of Global Coffee capsule Market
The closed-source system segment is expected to be larger, segment will grow in the end of 2028. A closed-source system is a combination of a particular machine with a particular 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. Also, the open-source system is easy to use and convenient as compared to closed-source system machines due to which the open-source system segment is projected to exhibit the higher CAGR during the forecast period.
Rising Investments in Cognitive Intelligence and Research to Benefit North America Market
Many countries across the world are implementing strict laws and regulations regarding coffee packaging. Specialty coffees and single-serve methods are gaining popularity across the globe. The global market for coffee capsules is witnessing a trend of eco-logical designs and material capabilities. Bioplastics and bio degradable materials have emerged as preferred solution among coffee capsules manufacturers across the globe. A shift from conventional plastics to bio plastics also supports the sustainable objectives of coffee brands and products manufacturers.
The market in Asia Pacific is expected to be an emerging market for coffee capsules and is expected to register highest CAGR for the upcoming years, owing to growing population and changing consumer preferences.
Players to Focus on Global Coffee capsule Market
The coffee capsules market is dominated by Some of the key players market includes
Nestle: In 2018, Nestle, a Switzerland based multinational food and drink processing company, acquired marketing rights of Starbucks Corporation’s consumer packaged goods and food service products other than ready-to-drink products for USD 7.12 billion. Through the acquisition Nestle aims to strengthen its coffee business by adding products from Starbucks.
In 2019, Nestle in collaboration with Starbucks launched the first Starbucks coffee capsules developed using Nestlé’s Nespresso and Nescafe Dolce Gusto coffee and system technologies. Starbucks is a U.S.A based coffee company that also includes a chain of coffeehouse across the globe.
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