South Korea Capsule Coffee Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Conventional Plastic, Bio Plastics, Aluminum, Others), By Distribution Channel (On Sales Channel, Offline Sales Channel), and South Korea Capsule Coffee Market Insights Forecasts to 2032

Industry: Food & Beverages

RELEASE DATE Dec 2023
REPORT ID SI3212
PAGES 200
REPORT FORMAT PathSoft

South Korea Capsule Coffee Market Insights Forecasts to 2032

  • The Market Size is Growing at a CAGR of 10.5% from 2022 to 2032.
  • The South Korea Capsule Coffee Market Size is Expected to Hold a Significant Share by 2032.
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South Korea Capsule Coffee Market

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The South Korea Capsule Coffee Market Size is Expected Hold a Significant Share by 2032, at a CAGR of 10.5% during the forecast period 2022 to 2032.

 

Market Overview

Coffee capsules are pre-packaged, measured, and shelf-stable doses of coffee. The titratable acidity surrounding the coffee is expressed in pH values-which is governing the overall bitterness the said coffee would contain. These types of coffees have the same shelf-life as other instant coffee. Additionally, such coffee is roasted or burnt-thereby has the presence of polycyclic aromatic hydrocarbon. A mix of opinions surrounds the presence of this compound owing to a lower level of public confidence owing to chances of malignancies. However, the said burnt or roasted taste is well accepted by the consumers. Further, phenolic compounds added in beverages such as capsule coffee add a strong aroma-which is a quintessential characteristic that a coffee lover looks for. Owing to coffee’s popularity coupled with the rising trend of experiencing coffee style supplemented by growing working culture & hectic lifestyles have been a key driver for South Korea capsule coffee market during the forecast period.

 

Report Coverage

This research report categorizes the market for South Korea’s capsule coffee market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea capsule coffee market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea capsule coffee market.

 

South Korea Capsule Coffee Market Report Coverage

Report CoverageDetails
Base Year:2022
Forecast Period:2022-2032
Forecast Period 2022-2032 CAGR:10.5%
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:100
Segments covered:COVID-19 Impact Analysis, By Material Type, By Distribution Channel,
Companies Covered: Nescafe Dolce Gusto, Nespresso, Keurig Korea Ltd., Caffitaly System, Illycaffè S.p.A, Alois Dallmayr, JARO Co. Ltd, K-Konic Co. Ltd., KAFFA INT Co., Ltd., Basilur Tea Export (Pvt) Ltd., Nescafe Dolce Gusto, Dualit Limited, CONF. Co., Ltd., Bokumjari, and Others Key vendors
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

Rising demand for and adoption of coffee capsules due to their natural content and medicinal properties is expected to drive growth in the South Korea capsule market over the forecast period. Additionally, rising coffee consumption in offices, cafes, and homes is expected to fuel target market growth. An increasing working population, rising demand for ready-to-use products, and expanding retail markets are some of the factors expected to drive South Korea market growth during the forecast period. The rising popularity of coffee capsules as natural ingredients in cosmetics is expected to fuel growth in the South Korea coffee capsule market. Rising disposable income levels, rising food and beverage expenditure, and rising consumer awareness of healthy lifestyles are also expected to drive coffee capsules market growth over the forecast period.

 

Restraining Factors

The adverse effects of global warming and climate change are anticipated to be a restraint on the growth of the capsule coffee market during the forecast period. Variations in rainfall, temperature, humidity, soil moisture, and nutrient availability all have an impact on the development and output of coffee plants. Rainfall after the flowering stage slows harvesting and contributes to poor crop quality. Extreme rainfall with no dry intervals can lead to low coffee yields and crop damage.

 

Market Segment

  • In 2022, the conventional plastic segment accounted for the largest revenue share over the forecast period.

Based on material type, the South Korea capsule coffee market is segmented into conventional plastic, bio plastics, aluminum, and others. Among these, the conventional plastic segment has the largest revenue share over the forecast period. Plastics have established themselves as an extremely important material for packaging and storing, so their resilience cannot be overlooked. According to a recent study, nearly 39000 coffee pods are produced every minute, approximately 29000 of which are made of plastic and end up in landfills unattended. Product innovations are a strong suit for assisting this segmental growth during the forecast period.

 

  • In 2022, the offline sales channel segment accounted for the largest revenue share over the forecast period.

Based on distribution channels, the South Korea capsule coffee market is segmented into on sales channel and offline sales channel. Among these, the offline sales channel segment has the largest revenue share over the forecast period. More than 23% of Consumers purchased a new coffee machine, indicating a strong trend toward creating blends and varieties. Furthermore, more than 25% of those polled purchased coffee capsules and cups of new flavors to experiment with and find the perfect match.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea capsule coffee market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Nescafe Dolce Gusto
  • Nespresso
  • Keurig Korea Ltd.
  • Caffitaly System
  • Illycaffè S.p.A
  • Alois Dallmayr
  • JARO Co. Ltd
  • K-Konic Co. Ltd.
  • KAFFA INT Co., Ltd.
  • Basilur Tea Export (Pvt) Ltd.
  • Nescafe Dolce Gusto
  • Dualit Limited
  • CONF. Co., Ltd.
  • Bokumjari
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Development

  • In November 2022, Nespresso introduced a new line of compostable coffee capsules made of paper. This capsule can then be discarded at home or at commercial composting facilities.

 

  • In January 2021, Kaffa launched a new 100% recyclable aluminum capsule on the domestic market, using innovative technology to ensure compatibility with all Nespresso system machines. The company has also been producing encapsulated coffee that contains no additives or chemicals.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented the South Korea capsule coffee market based on the below-mentioned segments:

 

South Korea Capsule Coffee Market, By Material Type

  • Conventional Plastic
  • Bio Plastics
  • Aluminum
  • Others.

 

South Korea Capsule Coffee Market, By Distribution Channel

  • On Sales Channel
  • Offline Sales Channel

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