The North America Coffee Pod Market would witness market growth of 7.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 30,003.04 thousand units, showcasing a growth of 7.8% (2019-2022).
The market has witnessed a surge in specialty and artisanal coffee pods, catering to consumers with discerning taste preferences. These pods often feature high-quality, ethically sourced beans and unique blends, offering a gourmet coffee experience within the convenience of a single-serve pod. A key hallmark of specialty pods is the commitment to ethically sourced beans. Manufacturers prioritize sustainability and social responsibility, ensuring the coffee production process aligns with fair trade practices and environmentally friendly initiatives.
This ethical approach resonates with consumers who prioritize conscious consumption. Artisanal coffee pods often boast unique blend compositions crafted with gourmet blending techniques. Roasters and coffee experts curate distinctive combinations of coffee beans, aiming to create a sensory experience that goes beyond the ordinary. These unique blends cater to consumers seeking variety and a more refined flavor profile in their coffee.
As per the data released in 2023 from Statistics Canada, January sales in the culinary services and drinking places subsector increased by 8.7% on a seasonally adjusted basis, reaching $8.0 billion. Every subsector within the industry experienced growth: full-service restaurants grew by 9.6%, limited-service restaurants by 8.6%, special culinary services by 7.4%, and drinking establishments by 1.8%. The provinces that experienced the greatest growth were British Columbia (+15.4%) and Ontario (+8.6%). Thus, North America's rising workplace and office culture and food service sector will assist in the growth of the regional market.
The US market dominated the North America Coffee Pod Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $443.9 million by 2030. The Canada market is experiencing a CAGR of 10.3% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 9.4% during (2023 - 2030).
Free Valuable Insights: The Coffee Pod Market is Predict to reach $2.1 Billion by 2030, at a CAGR of 8.3%
Based on Caffeine Concentration, the market is segmented into Caffeinated, and Decaffeinated. Based on End Use, the market is segmented into Commercial, and Residential. Based on Flavor, the market is segmented into Chocolate, Hazelnut, Caramel, and Others. Based on Distribution Channel, the market is segmented into Hypermarkets & Supermarkets, Online Channel, Specialty Stores, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Caffeine Concentration (Volume, Thousand Units, USD Billion, 2019-2030)
By End Use (Volume, Thousand Units, USD Billion, 2019-2030)
By Flavor (Volume, Thousand Units, USD Billion, 2019-2030)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2019-2030)
By Country (Volume, Thousand Units, USD Billion, 2019-2030)
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