Coffee Pods Market Portrays High-End Demand across Major Geographies during 2018-2026
Coffee Pods Market Anticipated to Achieve High CAGR Percentages during 2018-2026.
[UKPRwire, Wed Jul 24 2019] The purpose of this comprehensive forecast report presented by Fact.MR is to elaborate the various market projections impacting the global coffee pods market trends during the period through 2018-2028. This assessment delivers high-end statistics concerning market size, growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about market growth trends along with upcoming opportunities that are expected to reshape the overall structure of the coffee pods market during the forecast period.
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Coffee pods continue to gain significant traction, with coffee machines becoming one of the most commonly used kitchen appliances worldwide. However, high environmental footprint of used coffee pods that end up in landfills has remained a major concern in the market among manufacturers and regulatory bodies alike. This, coupled with increasing load of plastic waste, which further tugs on concerns of environmental agencies, has led relevant governing bodies to impose strict regulations associated with plastic waste management. These regulations are likely to pose a significant impact on salient trends in the coffee pods market. Additionally, government proposals for ban on non-degradable coffee pods, in regions such as North America and Europe, for curtailing the plastic waste and their abuse on landfills, are likely to create significant challenges for coffee pods manufacturers. Prominent players in the coffee pods market are therefore shifting their focus toward sustainability through development of compostable coffee pods, to gain a competitive edge amidst changing dynamics in the coffee pods market.
According to the United States Department of Agriculture (USDA), coffee production across the globe, which was estimated at over 170 Mn bags in the year 2017-18, is pegged to increase by 11.4 Mn bags in the year 2018-19. In addition, the International Coffee Organization states that the worldwide coffee consumption increased from 152 Mn bags in 2014 to over 160 Mn bags in 2017. Such rapid growth in production and consumption of coffee has meant that coffee pods sales have witnessed a significant rise, and the status quo is likely to prevail in the forthcoming years.
Coffee Pods Sales to Grow in Parallel to Rapid Expansion of Coffee Chains
Coffee bars are witnessing an increased footfall worldwide, which is leading coffee pod manufacturers to accrue profits through heightened sales of pod coffee machines and coffee pods. Leading coffee chains are now installing more facilities worldwide to leverage rising consumer interest toward spending their leisure time in coffee outlets and cafes. An exemplary case is of Starbucks Corporation, which grew from 19,767 stores in 2013 to 28,720 stores worldwide in a span on just five years. With more Millennials opting for traditional coffee shop experience, supply and demand trends of coffee pods will continue to trace an upward trajectory in the near future.
Compostable or Recyclable Coffee Pods Delineate a Predominant Market Trend
Development of degradable and reusable coffee pods is likely to remain a surging trend, with increasing number of environment-conscious consumers and stringent regulations imposed by governing bodies. Significant R&D investments being made by leading coffee pods manufacturers to discover eco-friendly materials for the development of degradable & reusable coffee pods are likely to favor growth of the coffee pods market. Recent launch of 100% compostable coffee pods by The Eden Project, Bewley’s, and Co.ind s.c., in Europe is a key example of such developments by players in the coffee pods market.
Coffee pods, also known as single-serve coffee containers, are packaged units containing coffee beans along with a filter. Coffee pods are designed for automatic coffee machines to brew coffee enough for a single portion and are gaining popularity in the coffee industry. Depending on the end-user needs associated with the types of roasted coffee, coffee pods contain dark, medium, or light coffee. Coffee pods are inserted in coffee pod machines to brew a single cup of coffee at a time.
Additional Questions Answered
Apart from the important market dynamics, the report provides answers to critical questions to help stakeholders in the coffee pods market to make appropriate business decisions. For instance,
- Which factors are boosting demand for coffee pods in the European Union?
- Which industrial sectors are influencing the growth of the coffee pods market?
- How does the growth of e-commerce impact the sales of coffee pods in specialty stores?
- What are the winning strategies adopted by the leading manufacturers of coffee pods?
- What are the best manufacturing strategies that manufacturers of coffee pods must adopt to gain momentum in the European coffee pods market?
The report provides the detailed segmentation of the coffee pods market to cover all the aspects of growth prospects of the market. The analysis of each segment of the coffee pods market can help manufacturers, distributors, and other stakeholders to get clarity of the avenues of growth in the coffee pods market. The coffee pods market is segmented according to geographical regions, product type, caffeine content, roast type, flavor, and distribution channel. According to the geographical regions, the coffee pods market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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