The coffee capsules market is set to achieve a valuation of US$ 243.3 million in 2023, with projections indicating a substantial increase to US$ 396.3 million by 2033. Anticipating robust growth, sales of coffee capsules are forecasted to expand at a significant Compound Annual Growth Rate (CAGR) of 5.0% throughout the forecast period. This surge reflects the sustained consumer demand for convenient and diverse coffee options, driving the market’s evolution. As coffee culture continues to thrive, the market for coffee capsules is positioned for dynamic growth, catering to the preferences of modern consumers seeking quality and convenience in their coffee experience.
Coffee capsules are single-serve vacuum-packed capsules that require a suitable machine to use. Coffee consumption is increasing among health-conscious consumers. Hence, manufacturers are introducing new and novel formulations to the market, such as coffee capsules.
With a significant 19.7% market share in 2022, the United States market for coffee capsules stands out for its abundance of brands and flavors. The market caters to diverse consumer preferences, offering traditional blends, specialty coffees, and flavored capsules. The rise of subscription services further enhances the coffee experience by ensuring regular capsule deliveries. Notably, premiumization is a noteworthy trend, as consumers in the United States are increasingly willing to invest in high-quality coffee capsules that promise a superior taste and overall enhanced coffee-drinking experience. This inclination has prompted the market introduction of specialty and premium coffee capsule options.
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Key Takeaways
- The plastic segment holds the majority market share in the coffee capsules market, contributing to around 3 out of 5 sales. It is projected to create a significant incremental opportunity of US$ 38.0 billion from 2023 to 2033. Further, there is growing demand for bioplastic coffee capsules due to increasing sustainability concerns.
- In the commercial sector, coffee capsules are witnessing surging demand, with the segment projected to account for 75.4% share in 2022 and expand at a CAGR of 4.6% from 2023 to 2033. The adoption of coffee capsules in offices, cafes, and other establishments is driving this growth.
- In Germany, the consumption of coffee is increasing, leading to an expansion of the coffee capsules market at a CAGR of 4.4%.
- India is considered a notable market for coffee capsules due to its growing coffee production. India’s market is projected to create an incremental opportunity of US$ 33.9 million from 2023 to 2033.
- The United States market for coffee capsules is thriving, with a diverse range of brands, flavors, and subscription services available. Premiumization is a notable trend, with consumers willing to pay for high-quality coffee capsules.
Competitive Landscape
There are many key players operating in the market and aim at following effective strategies. A few big competitors, like Dunkin’ Brands and Starbucks Corporation, currently have a significant part of the global market. However, high product innovation, the launch of limited-edition coffee pods, large distribution networks, and better supply chains have resulted in high market consolidation, with Nestle (Nespresso and Dolce Gusto) and JAB Holdings (Senseo, Tassimo, and Keurig) holding a significant market share.
The Major Key Players-
- Nestle Nespresso
- Lavazza
- Gourmesso
- Gloria Jean’s Coffees
- Bestpresso Coffee
- Dunkin Brands
- Starbucks Corporation
- Kiss Me Organics
- The Kraft Heinz Company
- Keurig
- Nespresso
- Dolce Gusto
Latest Developments
- In September 2022, the Swiss coffee brand “CoffeeB” introduced single-serve coffee, a novel compressed coffee ball made from seaweed rather than an aluminum or plastic capsule.
- Tim Hortons launched four new espresso capsules compatible with Nespresso in August 2022. Classic, bright, bold, and decaf are the four flavors available.
- Starbucks by Nespresso offered a new line of coffee capsules called Nespresso Vertuo in October 2021, giving coffee aficionados in Canada many ways to experience the characteristic café flavor.
- Starbucks and Nestlé announced a collaboration to produce a new coffee capsule product. The coffee capsule combines Nespresso’s premium at-home coffee experience with high-quality coffee.
Growing Consumption of Coffee in Corporate to Improve the Demand in the Coffee Capsules Market
Among the end-use, the commercial segment is expected to account for 75.4% of the share in 2022 and is projected to accelerate at a CAGR of 4.6% between 2023 and 2033. Growth is due to the adoption of coffee capsules in offices, cafes, and others for serving coffee with no or less effort in less time.
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Key Segments Covered in the Coffee Capsules Market Report
By Material:
- Plastic
- Bio Plastics
- Others (Fabric, etc.)
By End Use:
- Commercial
- Household
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Japan
- The Middle East & Africa (MEA)
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