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Coffee Pods Global market Trends, Strategies, and Outlook by 2024-2033
Coffee Pods Market Trends, Strategies, and Outlook by 2024-2033
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The coffee pods market has experienced robust growth in recent years, expanding from $6.54 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to convenience, busy lifestyles, flavor variety, sustainability concerns.
Strong Future Growth Anticipated
The coffee pods market is projected to continue its strong growth, reaching $7.94 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. The growth in the forecast period can be attributed to premiumization, e-commerce and dtc (direct-to-consumer), emerging markets, health and wellness trends, home office culture.
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Growth Driver Of The Coffee Pods Market
The increase in lifestyle changes is expected to propel the growth of the coffee pods market going forward. Lifestyle changes refer to modifications or adjustments in an individual's or a group's way of living, including their behaviors, habits, daily routines, and choices. lifestyle changes have influenced the growth of the coffee pods market by aligning with consumer preferences for convenience, customization, and quality in coffee consumption. The adaptability of coffee pods to modern lifestyles has made them a popular choice for coffee enthusiasts and those seeking quick and personalized coffee solutions.
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Major Players And Market Trends
Key players in the coffee pods market include Nespresso SA, The Kraft Heinz Company, Jacobs Douwe Egberts Au Pty Ltd., Dunkin Brands Inc., Luigi Lavazza SpA, Keurig Green Mountain Inc..
The companies functioning in the coffee pods market are focused on new product development in order to meet the environmental requirements and to better serve their customers. The launch of compostable pods is a leading trend in the coffee pods market.
Segments:
1) By Product: Soft Coffee, Hard Coffee
2) By Roast Type: Dark, Medium, Light
3) By Caffeine Content: Regular, Decaffeinated
Geographical Insights: Asia-Pacific Leading The Market
Asia-Pacific was the largest region in the coffee pods market in 2023. Western Europe was the second-largest region in the coffee pods market. The regions covered in the coffee pods market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Coffee Pods Market Definition
The coffee pod is a biodegradable paper pouch with ground coffee sealed inside that is brewed using specially designed pod brewers.
Coffee Pods Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Coffee Pods Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on coffee pods market size, coffee pods market drivers and trends, coffee pods market major players, coffee pods competitors' revenues, coffee pods market positioning, and coffee pods market growth across geographies. The coffee pods market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.