Fact.MR delivers vital insights on the coffee pods
market in its published report titled, 'Coffee
Pods: Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2019-2029'. In terms of revenue, the global coffee pods market is projected to expand at a CAGR of ~2% during the forecast period,
owing to numerous factors, which Fact.MR offers thorough insights and forecasts
in this report.
The movement of cannabis’ legalization has been one of
the key factors affecting the growth of the food and beverage industry. New
innovations with the usage of cannabis as the main or subordinate ingredient
has been the trend to cater to consumer demand. The coffee industry has been
affected in a similar manner. The popularity of cannabis-infused coffee has
amplified the growth of the coffee market. Yet, despite the legalization,
social stigma has been impeding market growth.
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Some of the emerging players in
the coffee pods market introduced cannabis-infused coffee pods to facilitate
consumers enjoying cannabis-infused coffee in the comfort of their homes. Since
the inception of this idea, the penetration of coffee pods among consumers has
increased. With cannabis-infused coffee pods being in the early stage of the product
life cycle, growth can be expected to be exponentially high.
Companies Trying to Cater
to Gourmet Coffee Demand through Coffee Pods
The study also found that the per capita spending of
consumers has been increasing over the past decade. Followed with efforts
towards potential growth of specialty coffee, gourmet coffee has garnered
significant traction in recent years. To address this change in consumer
orientation, manufacturers in the coffee pods market have introduced specialty
coffee in coffee pods. The entry of Starbucks into the coffee pods market was
one such prominent development. The availability of Starbucks signature coffee
in 'Coffee at Home' with coffee pods for consumers has gained substantial
attention from the consumers.
Global Coffee Alliance to Change the Standing
of Coffee Pods Market
The Global Coffee Alliance was formed between Nestlé S.A. and
Starbucks in Consumer Packaged Goods (CPG) and Foodservice. Nestlé S.A. gained
the rights to market, sell, and distribute Starbucks packaged coffee and tea in
all at home and away-from-home channels. The popularity of Starbucks BY NESPRESSO coffee
pods for the coffee at home has been boosted since this partnership. The Global
Coffee Alliance has positively affected the growth of both the companies. Nestlé
S.A. has projected to reach their beneficiary targets a year earlier than
previous estimates. The coffee pods from Starbucks and Nestlé S.A. are part of
the Consumer Packaged Goods part of the partnership. The companies are reported
to have gained an exponential increase in the sales of the shared products.
The movement of these players has substantially changed their
revenue shares in the coffee pods landscape. The future growth of the Global
Coffee Alliance can significantly elevate the standings of these companies in
the coffee pods market.
Popularity of Consumer Packaged
Goods to Increase Regional Opportunities
As per analysis of the consumption of coffee pods in the
global market, emerging and developing countries will present the highest growth
during the forecast period. Countries in the Middle East and Africa are likely
to be the highest growing regions for coffee pods in the coming years. Due to
the Westernization trend in Asian economies, spending on luxury products has
been increasing. Similarly, the growing popularity of specialty coffee in Asian
countries will be the key factor positively affecting the growth of the coffee
pods market.
About
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