Coffee pods and capsule growth forecast between 2023 and 2027
The coffee pods and capsules market size is forecast to grow by $9.46 billion between 2023 and 2027.
The growth momentum will decelerate at a CAGR of 6.16%, according to Technavio.
The coffee pods and capsules market is fragmented, characterised by the presence of many global, regional, and local vendors. The vendors are competing based on factors such as cost, product quality, reliability, and aftermarket services.
Vendors highly focus on expanding geographically and improving their products. International players are dominating the market.
However, regional and foreign players with small market shares have a significant presence, as they focus on offering innovative and cost-effective solutions.
The key vendors strengthen their presence globally through acquisitions and product launches during the forecast period.
Coffee pods and capsules are made with aluminium, plastic or paper.
Europe will account for 45% of the market’s growth during the forecast period. The growing household spending on food and drink in the area, along with new introductions, will fuel the expansion of the coffee pods and capsules market in Europe.
Additionally, coffee pods are mostly distributed through supermarkets and hypermarkets, which are highly preferred in Europe’s urban areas.