Coffee Capsules Market Worth $11.9 Billion by 2032 at 7.6% CAGR : Allied Market Research

Nov 25, 2023

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28 Apr, 2023, 02:30 ET

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The global coffee capsules market is driven by factors such as surge in coffee consumption in the emerging nations and rise in growth of HoReCa industry.

PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Coffee Capsules Market by Material (Aluminum, Compostable, PBT Plastic), by End User (Commercial, Residential), by Distribution Channel (Hypermarkets and Supermarkets, Specialty Stores, E-Commerce, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global coffee capsules industry generated $5.9 billion in 2022 and is anticipated to generate $11.9 billion by 2032, witnessing a CAGR of 7.6% from 2023 to 2032.

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Prime determinants of growth

The global coffee capsules market is driven by factors such as surge in coffee consumption in the emerging nations and rise in growth of HoReCa industry. However, the availability of alternative products hampers the market growth. The demand for coffee makers is expected to increase at a rapid pace, owing to growth in the middle classes, urbanization, and rising incomes, which in turn, is expected to provide lucrative opportunities for the market growth.

Report coverage & details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2021

$5.9 billion

Market Size in 2031

$11.9 billion

CAGR

7.6 %

No. of Pages in Report

300

Segments Covered

Material, End User, Distribution Channel, and Region

Drivers

The surge in coffee consumption in the emerging nations

Rise in growth of HoReCa industry

Opportunities

Decrease in demand for carbonated drinks

Restraints

Availability of alternatives

The harmful effect of Coffee Capsules Packaging on the Environment

Covid-19 Scenario

The aluminum segment to maintain its leadership status throughout the forecast period

Based on material, the aluminum segment held the highest market share in 2022, accounting for more than two-fifths of the global coffee capsules market revenue, and is estimated to maintain its leadership status throughout the forecast period. The convenience and flexibility of aluminum coffee capsules have made them increasingly popular. However, the compostable segment is projected to manifest the highest CAGR of 10.0% from 2023 to 2032. Due to growing consumer interest in sustainable alternatives to conventional single-use coffee capsules, the market demand for compostable coffee capsules has been steadily rising in recent years.

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The commercial segment to maintain its lead position throughout the forecast period

Based on end-user, the commercial segment held the highest market share in 2022, accounting for more than three-fifths of the global coffee capsules market revenue and is estimated to maintain its leadership status throughout the forecast period. This segment is also the fastest-growing segment and is projected to manifest the highest CAGR of 8.2% from 2023 to 2032. This is attributed to various benefits associated with coffee capsules in the commercial segment. For instance, coffee capsules are practical, simple to use, and offer constant quality and flavor, all of which are crucial in a commercial setting where clients or staff members need a good standard of coffee.

The e-commerce segment to witness fastest growth throughout the forecast period

Based on distribution channel, the other segment held the highest market share in 2022, accounting for around half of the global coffee capsules market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the e-commerce segment is projected to manifest the highest CAGR of 9.7% from 2023 to 2032. Rigorous online marketing has increased the popularity of this distribution channel in recent years, complemented by vast options, availability of detailed information, discount & free home delivery offered by various e-commerce platforms.

Europe to maintain its dominance by 2032

The Europe region held the highest market share in 2022, accounting for nearly two-fifths of the global coffee capsules market revenue, and is estimated to maintain its leadership status throughout the forecast period. The coffee capsules market demand in Europe has been driven by a number of factors, including the trend towards home brewing and the increasing popularity of single-serve coffee. However, the Asia-Pacific region is projected to manifest the highest CAGR of 9.0% from 2023 to 2032. The demand for coffee capsules in the Asia-Pacific region is increasing, reflecting a broader trend towards convenience and on-the-go products, as well as a growing interest in premium and specialty coffee.

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Leading Market Players: -

The report provides a detailed analysis of these key players in the global coffee capsules market. These players have adopted different strategies such as new product launches, business expansion, partnerships, mergers, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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