Global Coffee Pods Market: Overview
With consumers becoming aware of the health benefits derived as the result of the intake of organic products, the market for coffee pods is likely to expand in the forthcoming years. In addition to this, the rise in the penetration of naturally-sourced items in the food & beverages sector has culminated into a huge demand for coffee pods among the consumers. Apart from this, the changing consumer tastes & preferences have forced the vendors to shift their offerings towards natural products such as organic coffee pods.
Global Coffee Pods Market: Growth Factors
Many of the emerging economies are witnessing swift urbanization and infrastructural growth in the organized retail sector. Furthermore, the rise in the working populace has triggered a humongous need for convenience products. This, in turn, has driven the demand for coffee pods across the globe. Nonetheless, the huge costs of coffee pods as compared to other conventional coffee items can obstruct the growth of the industry in the upcoming years. Apart from this, customers in developing as well as third-world countries prefer conventional whole bean coffee products due to its cost-effectiveness. This will further decimate the growth of coffee pods industry in the years to come. However, fair trade has helped coffee pod manufacturers acquire reliable labor at cost-effective wages. This, in turn, is likely to offer new growth avenues for the coffee pods market in the years to come.
Moreover, coffee machines being one of the commonly used equipment in the kitchen, the use of coffee pods has gained popularity across the globe.
Global Coffee Pods Market: Segmentation
The global coffee pods market can be classified based on product type which is segmented into capsule & plastic cup-based coffee pods and foil & paper-wrapped coffee pods.
Global Coffee Pods Market: Regional Analysis
The coffee pods industry is likely to gain traction in North America and Europe due to the rise in the working population due to swift urbanization & industrialization. Apart from this, convenience in using these products is anticipated to drive the product demand in countries like the U.S., Canada, Germany, the UK, and France.
The European continent is likely to contribute lucratively towards the market size with a large number of players investing massively in research programs to develop biodegradable & reusable coffee pods due to growing global ecological concerns.
Global Coffee Pods Market: Competitive Players
Some of the key players in the coffee pods market include The Kraft Heinz Company, LUIGI LAVAZZA, DD IP Holder, JACOBS DOUWE EGBERTS, JAB Holding Company, Dolce Gusto, maxingvest ag, and Nestlé S.A. These players are focusing on expanding their manufacturing capacity and launching new flavors in order to gain a competitive advantage. Apart from this, these giant industry participants are emphasizing on reinforcing their supply chain & retail activities to retain their market position as well as market share.
Global Coffee Pods Market: Regional Segment Analysis
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