Germany’s coffee capsules market is projected to expand at a CAGR of 4.4% during the forecast period, with an estimated value of US$ 25.2 million by the end of 2033. The growth in the German market is driven by the increasing consumption of coffee, which remains the country’s most popular drink according to Germany Trade & Invest (GTAI). The market’s growth is a testament to the strong coffee culture and demand for convenient and high-quality coffee options among German consumers.
/EIN News/ — NEWARK, Del, June 29, 2023 (GLOBE NEWSWIRE) — The global coffee capsules market is expected to grow significantly, with a projected value of US$ 243.3 million in 2023, increasing to US$ 396.3 million by 2033.
The demand for coffee capsules is driven by various factors. Consumers are drawn to the convenience and ease of use that coffee capsules offer, allowing them to quickly brew a single cup of coffee without traditional equipment.
Manufacturers continuously introduce new flavors to cater to diverse preferences, and sustainability has become a key trend in the market. Online retailing and subscription services have also contributed to market growth.
Manufacturers are expanding their presence in these markets as coffee consumption rises in developing economies. Coffee capsules offer advantages in terms of convenience and quality, attracting investment from corporations.
The increasing coffee consumption among millennials, driven by their preference for ready-to-eat food and coffee, is expected to further boost the coffee capsules market.
Drivers and challenges have an impact on market dynamics, which can impact businesses. Find more insights in this sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-14533
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.
Key Companies Profiled:
- 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
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Latest Developments:
- CafePod Coffee Co., an independent coffee company based in London, announced its relaunch in July 2018 with bold and exotic new product lines and multi-channel marketing strategies. The company announced the release of four new coffee stock-keeping units for ground coffee, entire beans, and coffee pods.
- In June 2018, Keurig Dr. Pepper introduced two new all-in-one coffee makers for sale in the United States. The newly released machines use Keurig’s K-Pod coffee pods to make a range of coffee drinks, including lattes, cappuccinos, and others.
Key Segments Covered in this Market:
By Material:
- Plastic
- Bio Plastics
- Others (Fabric, etc.)
By End Use:
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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Table of Content (ToC):
1. Executive Summary
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Old Source: Coffee Capsules Market is projected to surpass US$ 9.8 Bn by 2032, Future Market Insights Inc.
Explore Trending Reports of Packaging domain:
Coffee Capsules and Pods Market Trends: The efficiency, quality, and varied choices offered in a single serving of coffee are driving the growth of the coffee capsules and pods market. Consumers are also more interested to purchase coffee machines to recreate the cafe-style experience at home. This trend is expected to boost product demand in the coming years.
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Tea Packaging Market Value: The global tea packaging market is likely to capture a CAGR of 4.6% during the forecast period. The market is anticipated to reach US$ 6.69 billion in 2023 and is expected to cross US$ 10.5 billion by 2033.
Tea Infuser Market Demand: The tea infuser market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfill the demand for tea infusers, making it more accessible to customers in the global tea infuser market.
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Eco-friendly Tea Packaging Market Growth: Eco-friendly tea packaging that keeps the freshness and scent of tea leaves for longer periods of time is in high demand. The growing incidence of cardiac problems and other weight-related ailments has resulted in a surge in tea demand due to its antioxidant benefits, which is expected to drive the eco-friendly tea packaging market throughout the forecast period.
Smart Plant-Based Food Packaging Market Size: Smart plant-based food packaging is one of the areas where food packaging companies can emphasize refining their practices. Reutilizing in-house and using eco-friendly and/or recyclable packaging is another step, but making smart plant-based food packaging materials means using more biodegradable products.
Food Packaging Market Volume: the demand for paper segment increased by 6.7% between 2020 and 2021 on the back of increasing demand for eco-friendly packaging. These segments along with metal and glass give the combined food packaging markets year-over-year growth of 4.8% in 2021, according to the FMI.
Packaged Food Market Innovation: High concentration of manufacturing plants and easy availability of innovative packaged products is positively impacting the sales of packaged products. As per FMI, U.S. packaged food is expected to reach a value of US$ 632 Billion in 2022 which is approximately 24.3% of the global packaged food.
Snack Food Packaging Market Sales: U.S. is considered a mature market for bakery and snack foods and is projected to grow with around 4% throughout 2016 to 2020 and Europe is considered to be the second largest market in the global snack food packaging market. However, outside of the U.S. the opportunity to increase the sales of snack foods is also increasing as well.
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Originally published at https://www.einpresswire.com/article/642140621/the-coffee-capsules-market-is-expected-to-grow-at-a-cagr-of-5-by-increasing-its-worth-to-us-396-3-million-by-2033-end-future-market-insights-inc