Global Coffee Pods Market 2019-2023
About this market
Consumers have increasingly becoming aware of the health benefits of organic and naturally-sourced products in the food and beverage industry, which is triggering the demand for organic coffee pods. Therefore, vendors have shifted their offerings to natural products and are offering organic coffee pods. These factors have also increased the demand for ethically-sourced products and have resulted in the need for obtaining certifications for a broad range of agricultural commodities and raw materials. Fairtrade helps producers achieve reliable labor incomes, appropriate working conditions, and social benefits. These factors are all set to boost the growth of the coffee pods market worldwide. Technavio’s analysts have predicted that the coffee pods market will register a CAGR of close to 7 % by 2023.
Convenience in using coffee pods
Several developing economies are undergoing rapid urbanization, thereby increasing infrastructural development including growth in organized retail outlets. This has increased working population that demand for convenient-to-use products such as coffee pods that are gaining immense popularity worldwide, especially, in regions like North America and Western Europe. Consequently, the convenience in using coffee pods will boost the growth of the market.
High price of coffee pods and the availability of cheaper substitutes
The high price of coffee pods in comparison with traditional coffee products is one of the major challenges for the market. Consumers in developing economies of Asia, Eastern Europe, and Latin America still prefer traditional whole bean coffee as it is cheaper than coffee pods.
For the detailed list of factors that will drive and challenge the growth of the coffee pods market during 2019-2023, view our report.
The coffee pods market appears to be fragmented owing to presence of a large number of companies. The growing demands for organic and Fairtrade products and convenience in using coffee pods are factors that are poised to provide immense opportunities for companies. DD IP Holder, JAB Holding Company, JACOBS DOUWE EGBERTS, LUIGI LAVAZZA, maxingvest, and Nestlé are some of the top companies in the coffee pods market
‘With the presence of a considerable number of companies, this market appears to be fragmented. With all companies constantly focusing improving their market positions, the competitive environment among the players is quite intense’. This coffee pods industry report provides a detailed analysis of the market’s competitive landscape with information on product offerings by companies. The industry analysis will help clients identify growth opportunities and design strategies.’
By offering a comprehensive analysis of the market’s competitive environment and with information on the products offered by these companies, this coffee pods snacks market analysis will help clients identify new growth opportunities and design new growth strategies.’
Technavio Announces the Publication of its Research Report – Global Coffee Pods Market 2019-2023
Technavio recognizes the following companies as the key players in the global coffee pods market: DD IP Holder, JAB Holding Company, JACOBS DOUWE EGBERTS, LUIGI LAVAZZA, maxingvest, and Nestlé
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the demand for organic coffee pods.”
According to the report, one of the major drivers for this market is the convenience in using coffee pods.
Further, the report states that one of the major factors hindering the growth of this market is the high prices of coffee pods and the availability of cheaper substitutes.
DD IP Holder
JAB Holding Company
JACOBS DOUWE EGBERTS
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