The coffee pods market share will post an incremental growth of USD 8.53 billion, progressing at a CAGR of 5% during the forecast period. The convenience of using coffee pods will offer immense growth opportunities to market vendors. The coffee pods market is fragmented, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Coffee Pods Market by Product and Geography - Forecast and Analysis 2021-2025” provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus.
The coffee pods market is segmented by product (capsule and plastic cup-based coffee pods and foil and paper-wrapped coffee pods) and geography (Europe, North America, APAC, South America, and MEA).
The growth of the coffee pods market in the capsule and plastic cup-based coffee pods segment will be significant during the forecast period. By geography, 45% of the market's growth will originate from Europe during the forecast period. France, Germany, and The Netherlands are the key markets for coffee pods in Europe. The rising household expenditure on food and beverages in the region, coupled with product launches, will facilitate the coffee pods market growth in Europe
The convenience of using coffee pods will directly influence the sales of the coffee pods market. In addition, the rising number of mergers and acquisitions is one of the major coffee pods market trends that will positively impact the market growth. However, factors such as the high price of coffee pods and the availability of cheaper substitutes will hamper the coffee pods market growth.
Some of the major coffee pods market vendors are illycaffe Spa, JAB Holding Co. Sarl, Luigi Lavazza Spa, maxingvest AG, Melitta Group Co., Nestle SA, Starbucks Corp., The J.M. Smucker Co., and The Kraft Heinz Co.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2021-2025.
CAGR of the coffee pods market forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the coffee pods market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the coffee pods market.
Coffee Pods industry growth across Europe, North America, APAC, South America, and MEA.