2.2% value CAGR during the forecast period 2018-2026 A recent study published by Fact.MR states that the coffee pods market is likely to be closed . Mushrooming coffee chains offsetting some of the coffee stockpiles . The coffee pods market is likely to continue to grow sluggishness. The Fact.MR study covers the entire macroeconomic and microeconomic spectrum influencing the coffee pods market.
The ubiquitousness of coffee rituals across the world has resulted in coffee production as well as consumption, triggering the adoption of pod coffee machines in households. Additionally, as pod coffee machines have become a cornerstone of a traditional coffee shop experience for consumers, the global demand for coffee pods is likely to increase in the upcoming years. To attract coffee connoisseurs and further improve sales, leading players in coffee pods are introducing premium or specialty coffee pods, which marks an important trend in the coffee pods market.
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„Sustainability is likely to remain a dominant trend in the coffee market in the coming future. Various types of government are taking initiative to ban the use of single-use plastic pods. This will directly result in a huge rise in demand for hard coffee pods, soft coffee pods, being single-use pods, wants to witness a drop in sales. Prominent companies operating in the coffee pods market are likely to introduce compostable or reusable coffee pods to avoid the negative impacts of single-use, plastic coffee pods, „ says a lead analyst at Fact.MR.
Most countries in the European Union and North America are the leading importers of coffee, as the coffee consumption has been high in these regions. Recent study of the International Coffee Organization states that the global coffee consumption will increase to 161 million bags during 2014-2017. CBI, Ministry of Foreign Affair, Europe states that Europe accounts for over 30% of global coffee consumption. Furthermore, the National Coffee Association USA (NCA) is growing from 57% in 2016 to 62% in 2017. The thriving coffee culture and ever-expanding coffee shop industry in Europe is making it most lucrative region for the coffee pods market.
Sales conversion of medium roasted coffee beans is expected to take place in a relatively fast pace, owing to their attributes of balancing the coffee’s taste. Meanwhile, dark-roasted coffee pods remain a top pick for stalwart coffee-lovers. The dynamic key for various types of coffee roast is enabling players in coffee pods to adopt definitive strategies to attract a particular group of coffee consumers. Furthermore, despite the increased incidence of negative health effects of coffee, the demand for regular coffee pods remains much higher than that for decaffeinated coffee pods. Nevertheless, decaffeinated coffee pods are gaining popularity among the elderly population, and consumers with caffeine allergies.
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Nestle SA shares in the coffee pods market as the company continues to collaborate with various other players, such as Starbucks Corporation, to enhance its international market footprint. Pervasiveness of Nespresso coffee machines is evident as many third-party manufacturers of coffee pods consider it a standard and are introducing coffee pods that are compatible with the Nespresso coffee machines. Other players in the coffee pods market, such as The JM Smucker Company, are aiming to target the at-home coffee category to expand their product portfolio and market share.
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