According to a new report, published by KBV research, The Global Coffee Capsules Market size is expected to reach $9.6 billion by 2029, rising at a market growth of 7.6% CAGR during the forecast period.
The Hypermarkets & Supermarkets segment is showcasing a CAGR of 8% during (2023 - 2029). The segment's growth can be attributed to this distribution channel's simplicity. The market in this segment is also growing due to the vast supply of a wide range of coffee capsules with varied costs and brands that give consumers a wide range of options.
The Aluminium segment is generating highest revenue share in the Global Coffee Capsules Market by Material in 2022 thereby, achieving a market value of $5 billion by 2029. Because PBT plastic can be recycled, coffee capsules can be reused, lowering the amount of trash produced. PBT plastic is a robust, long-lasting substance that can tolerate high pressure and temperatures. This indicates that coffee capsules manufactured with this substance are less likely to shatter when used or transported.
The Residential segment has shown the growth rate of 8.8% during (2023 - 2029). The market for coffee capsules is expanding as single-serve coffee consumption rises among consumers. In addition, customers who want to replicate the coffee shop experience at home are becoming increasingly inclined to buy coffee makers, significantly influencing the market's overall growth.
The Europe market dominated the Global Coffee Capsules Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3.3 billion by 2029. The Asia Pacific market is exhibiting a CAGR of 8.1% during (2023 - 2029). Additionally, The North America market would showcase a CAGR of 7.2% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/coffee-capsules-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Nestle S.A., JDE Peet's N.V., The Kraft Heinz Company, Starbucks Corporation, Keurig Dr Pepper, Inc., The J.M Smucker Company, Inspire Brands, Inc., Coffeeza India Private Limited, illycaffè S.p.A., (Gruppo illy Spa) and Dualit Ltd
By Distribution Channel
By Material
By End User
By Geography
Companies Profiled