Coffee Pods Market: Overview
The coffee pods market is climbing the growth ladder at a steady rate. Coffee is a popular beverage consumed by a large number of individuals across the globe. Coffee is said to be invented in the 1500s by an Ethiopian goat herder. Since its inception, coffee has undergone tremendous evolution. The coffee pod is a result of such evolution. The coffee pod is a coffee-making method useful for a single or double serve. All one has to do is add the coffee from the coffee pod to the machine, and it is automatically brewed and created through the coffee machine.
This coffee pods market report provides a deep analysis of the various factors influencing the coffee pods sector. These factors include the key trends, competitive landscape, and also the regional analysis of the coffee pods market. Market stakeholders can greatly benefit from this thoroughly researched report on the coffee pods market.
Major types of coffee pods are K-cups, T-discs, and paper coffee pods. Coffee pods market is divided into store-based and non-store-based in terms of distribution channels. Store-based include components like convenience stores, supermarkets, and hypermarkets.
Coffee Pods Market: Competitive Landscape
The coffee pods market has many competitors in the fray. There are many established as well as new players in the market. The competition among the players in the coffee pod market may become fierce towards the end of the forecast period. The manufacturers in the coffee pods market are innovating consistently to produce state-of-the-art coffee pods that sync well with the taste of consumers. Manufacturers are focusing mainly on innovative and attractive packaging options to attractthe consumer for buying coffee pods.
Key players in the coffee pods market are Nestlé, DD IP Holder, JAB Holding Company, Luigi Lavazza, Jacobs DouweEgberts, and Maxingvest.
There are many notable developments happening in the coffee pods market. For instance, Nestlé and Starbucks recently launched a new Starbuck coffee product range. They will be available across the U.S. in various grocery stores. This novel product range includes fresh brew coffee, cold brew concentrate, and Starbucks coffee blend with golden turmeric and vital vitamins.
Also, in August 2019, Nestlé and Starbucks made inroads in China by expanding their Global Coffee Alliance. Nestlé and Starbucks jointly introduced a premium coffee experience for the consumers of China. Besides, they also introduced integrated business solutions in Foodservice channels.
Coffee Pods Market: Key trends
Rising disposable income and the growing trend of non-alcoholic beverage consumption may serve as the key influencing factors of the coffee pods market. Also, as the modern consumer becomes more health-conscious, the manufacturers are focusing on developing innovative formulations like sugar-free coffee premix, coffee capsules, etc. In addition, the convenience of using a coffee pod is also a vital factor for the growth of the coffee pods market. However, some coffee pod varieties are either non-recyclable or difficult to recycle. This factor may prove to be a major growth restraint for the coffee pods market.
Coffee Pods Market: Regional Analysis
The coffee pods market is spread through the regions of North America, South America, the Middle East and Africa, Asia Pacific, and Europe. Europe, the Middle East, and Africa (EMEA) may account for sizable share in the coffee pods market. The massive demand may trigger the growth rate of the coffee pods market to a great extent. Furthermore, Asia Pacific has the potential for a rapid growth rate during the forecast period. This is because of the huge demand from tier-1 and tier-2 cities in Japan, China, and India. In addition, increased popularity can also contribute to the boost in the growth rate of the coffee pods market.
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