3/19/2024 0 Comments Caffe vittoria logoGlobal Market Model - World's Most Comprehensive Database Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The Business Research Company ( is a market intelligence firm that pioneers in company, market, and consumer research. Want To Know More About The Business Research Company? What are the primary factors propelling the market during the projected period? The report answers the following questions: The coffee capsule market covered in this report is segmented -ġ) By Product: Closed Source System, Open Source SystemĢ) By Material: Conventional Plastic, Bio plastics, Fabric, Other Materials Therefore, the increasing use of coffee machines in restaurants, office cafeterias to fulfil the increased demand for instant non-alcoholic beverages such as coffee, increases the demand for coffee capsules, thus increasing the growth of the coffee capsules market. For instance, in September 2022, according to a recent National Coffee Data Trends (NCDT) report published by National Coffee Association, a US-based consumer information, and lobbying association for the coffee industry, coffee has hit a new high among 18-24-year-olds, with 51% having consumed coffee in the previous day, breaking the previous high of 50% set in September 2020. Increasing demand for non-alcoholic beverages among millennials, consumer awareness towards low sugar and non-alcoholic drinks, busy work schedules, and changing consumer taste are a few of the reasons that have been attributed to the rise in the popularity of instant non-alcoholic beverages such as coffee. The coffee capsules reduce the time and effort required in preparing a cup of coffee when used in coffee machines in coffeehouses, office cafeterias. The growing popularity of instant non-alcoholic beverages such as coffee in restaurants and office cafeterias propel the growth of the coffee capsules market. KG, Acron Holdings Ltd., Belmoca NV, Mera SA, Bestpresso Inc., Gourmesso USA Inc., Aumeeka Ventures LLP, Coffee Nirvana Co., Halo Coffee Ltd., JAB Holding Company, Jacobs Douwe Egberts B.V., Maxingvest AG Smucker Company, Mattel Inc., Kiss me Organics LLC, Tim Hortons Inc., Luigi Lavazza SpA, Dunkin' Brands Group Inc., illycaffe S.p.A., Coffeeza Trading Private Limited, Caffitaly System S.p.A., Gloria Jean's Gourmet Coffees Corp., Vittoria Food & Beverage Pty Ltd., Fresh Brew Co., Dualit Limited, Georg MENSHEN GmbH & Co. Major companies operating in the coffee capsule market report are Nestle Nespresso SA, Starbucks Corporation, Inspire Brands Inc., The Kraft Heinz Company, BSH Hausgeräte GmbH, Keurig Dr Pepper Inc., JDE Peet's N.V., The J.M. Major trends in the forecast period include innovation in capsule technology, convenience and portability, ethical sourcing and transparency, limited edition capsules, eco-friendly packaging. The growth in the forecast period can be attributed to rising innovation in capsule design, expanding flavor profiles, sustainability initiatives, health and wellness trends, premiumization and luxury offerings. It will grow to $21.53 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The coffee capsule market size is expected to see strong growth in the next few years. The growth in the historic period can be attributed to retail and online distribution, market entry of nespresso, keurig's impact, patent expirations, variety of flavors and blends. It will grow from $13.77 billion in 2023 to $15.24 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The coffee capsule market size has grown rapidly in recent years.
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