Overview and Scope
The coffee pod is a biodegradable paper pouch with ground coffee sealed inside that is brewed using specially designed pod brewers.
Sizing and Forecast
The coffee pods market size has grown steadily in recent years. It will grow from <b>$6.54 billion in 2023 to $6.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. </b> The growth in the historic period can be attributed to convenience, busy lifestyles, flavor variety, sustainability concerns.
The coffee pods market size is expected to see steady growth in the next few years. It will grow to <b>$7.94 billion in 2028 at a compound annual growth rate (CAGR) of 3.8%. </b> 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. Major trends in the forecast period include technological advancements, sustainability and eco-friendly pods, flavor innovation, health and wellness pods, smart coffee machines, private label and store brands, café-style experience at home, functional coffee pods.
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Segmentation & Regional Insights
The coffee pods market covered in this report is segmented –
1) By Product: Soft Coffee, Hard Coffee
2) By Roast Type: Dark, Medium, Light
3) By Caffeine Content: Regular, Decaffeinated
<b>Asia-Pacific</b> was the largest region in the coffee pods market in 2023. <b>Western Europe</b> 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
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Major Driver Impacting Market Growth
The growth in the working population is projected to boost the demand for convenience products, resulting in significant demand for coffee pods. For instance, in September 2022, according to Bureau of Labor Statistics, a US-based government agency, the number of employed women (16 year and above) in September 2021 was 72295000 which increased to 74349000 in September 2022. The growth in the working population will result in higher demand for coffee pods and other convenience products during the forecast period the growth of the coffee pods market.
Key Industry Players
Major companies operating in the coffee pods market include <b>Nespresso SA, The Kraft Heinz Company, Jacobs Douwe Egberts Au Pty Ltd., Dunkin Brands Inc., Luigi Lavazza SpA, Keurig Green Mountain Inc., Kraft Foods Group, Starbucks Corporation, Coffee Roaster Peeze, Colonna Ltd., Gloria Jeans’s Coffee International Pty Ltd., Ueshima Coffee Company, Little’s Rich Coffee, Artisan Coffee Co, Solimo Coffee CO, Maud’s Coffee & Tea, Keurig Dr Pepper Inc., Folger Coffee Company, Café Bustelo, Gevalia, Two Rivers Coffee, Happy Belly, Gourmesso Coffee, Artizan Coffee Co, Storyville Coffee Co, Bulletproof 360 Inc., Peet’s Coffee, illycaffe SpA, Fresh Brew Co, Georg MENSHEN GmbH & Co KG</b>
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