Coffee Pods Market - Forecasts from 2024 to 2029

Coffee Pods Market - Forecasts from 2024 to 2029

The global coffee pods market is projected to rise at a compound annual growth rate (CAGR) of 5.74% to reach a market valuation of US$30,634.979 million by 2029, from US$20,726.288 million in 2022.

The coffee pods will have a significant role in the market expansion owing to their easy availability and wide application in household, industrial, and brewed sectors. The coffee pod is also called a single-use coffee container as only one coffee can be prepared from it, and it is similar to tea bags. The one-time use and disposable feature of the coffee pods are the main attraction to the consumers, as these eliminate the additives and additional flavors and simplify the brewing process, thus reducing the time.

The demand for coffee pods is increasing due to the rapid change in lifestyle, the gradual change in the consumer’s preference for innovative and ready-to-use products, and the awareness of the health benefits derived from the consumption of organic coffee. The rapid urbanization is further fostering the demand for coffee pods. In addition to this, the increased adoption of the fair-trade practice by the cultivators of the coffee beans and the desire to recreate the experience of the café at home is further directing consumers towards the purchase of coffee pods.

Growth in urbanization propels the market.

The rapid increase in urbanization leads to an increase in the demand for convenience food and beverage products, among which coffee pods are included. Coffee pods are convenient and do not require extra time for the preparation of coffee. The increase in urbanization will drive the increase in consumption of coffee pods. In May 2022, world coffee exports amounted to 10.80 million bags, compared with 9.82 million in May 2021. In April 2022, they amounted to 10.92 million bags. The growing trade of coffee worldwide is projected to contribute to the overall market growth of coffee pods. This increase in consumption can be linked to the increase in urbanization, due to the increasing number of people with busy lifestyles.

It is projected that the market in North America will grow steadily.

The North American region is anticipated to grow at a significant rate in the forecast period owing to the rising demand for single-serve coffee and specialty coffee in the region. The Asia Pacific and European regions are also expected to have subsequent market shares owing to the increasing penetration of cafes in the region. According to the United States Department of Agriculture (USDA), the top coffee exporter in the United States in 2022 was Brazil. Colombia, Vietnam, and Guatemala exported around 31%, 19%, 10%, and 6%, respectively. Therefore, with the increase in coffee consumption, the export of coffee is anticipated to increase in upcoming years. for instance- in 2022, 26.5 million bags of coffee were imported into the United States. Hence, with increasing coffee consumption the market for coffee pods is expected to grow.

Kery Players:

Nestle SA is a leading provider of coffee pods and capsules globally. The company has a dedicated line of pods that represent sophisticated extraction cells made of several components in its portfolio and supplies unique healthy coffee products to maintain a relevant market position across its operating markets.
Kraft Heinz Company is dedicated to developing customer partnerships with centralized customer development and revenue management teams to strengthen their existing customer relationships. The company is building new strategic partnerships to deliver unique consumer insights and solutions.
Starbucks Corporation is a leading company that offers its products in at least 14k locations and 15k licensed shops. The company’s main business strategy is international market expansion with a focus on emerging economies

Segmentation:

By Type:

Hard Pods
Soft Pods
By Caffeine Content:

Regular
Decaffeinated
By Flavor:

Regular
Flavored
By Distribution Channel:

Online
Offline
By Geography
North America
United States
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East and Africa
Saudi Arabia
South Africa
Others
Asia Pacific
Japan
China
India
South Korea
Taiwan
Thailand
Indonesia
Others