Food and Beverages Industry Overview

The dried peas market consists of sales of dried peas by entities (organizations, sole traders, and partnerships) that are engaged in the production of dried peas. Dried peas, also known as field peas, when dried are used in food preparation such as pasta, cereals, and soups. Dried peas are considered a very good source of potassium, cholesterol-lowering fiber, and two B–Vitamins, protein, and contain almost no fat. They help lower cholesterol, maintain blood sugar levels, and lower high blood pressure. The main product types of dried peas are yellow peas and green peas. Yellow peas are small peas with a round shape and a mild flavor and is a good source of cholesterol-lowering fiber. Green peas are small peas with round shape and a nuttier flavor. Before being sold, they are normally dried and then cut in half. It has both conventional and organic nature and is used in household and retail, foodservice or HoReCa, animal feed, pharmaceuticals and supplements, cosmetics and personal care, food and beverage processing. The global dried peas market is expected to grow from $4.01 billion in 2020 to $4.37 billion in 2021 at a compound annual growth rate (CAGR) of 9.12%. The growth in the dried peas market is mainly due to increasing number of people shifting to veganism and increasing health-conscious customers. The market is expected to reach $5.58 billion in 2025 at a CAGR of 6.29%. The increasing number of individuals preferring a healthy lifestyle is expected to propel the growth of the dried peas market in the coming years. A healthy lifestyle in people nowadays helps fight illness, focuses on a strong immune system to prevent fight infections, and more energy. In recent years, people have been taking care of their health and hence lot of them are shifting towards a vegetarian diet as it would lead to lower blood pressure, improved cholesterol levels, which reduces the chance of a heart attack and stroke. For instance, according to FMCG Gurus 2020 survey report, 59% of consumers around the world have become more conscious about their health. This has increased the market for plant-based proteins as well which include, peas, lentils, beans, and soy products. Dried peas companies are increasingly offering pea protein-based powder which can be incorporated in ready-to-drink beverages, baked goods, and dairy foods. Pea protein has a higher concentration of protein and well-balanced profile of amino acids and can be used as a substitute for egg protein in products such as mayonnaise and as an alternative to soy and wheat gluten. For instance, in 2019, US based food company, Cargill launched a new versatile pea protein powder Radipure, which is made from non-GMO (Genetically Modified Organisms) dried peas. In November 2020, Ingredion Inc., a US-based ingredient solutions company acquired Verdient Foods for an undisclosed amount. The acquisition will enable Ingredion Inc. to accelerate net sales growth, expand manufacturing capabilities, and collaborate with customers to meet the rising demand for plant-based foods. Verdient Foods is a Canada-based company that produces plant-based proteins derived by producing peas, lentils, faba beans, and other sources. Major players in the dried peas market are Vestkorn Milling AS, AGT Food and Ingredients, Cosucra Groupe Warcoing S.A., Dakota Ingredients, Goya Foods Inc., Ingredion Inc., Roquette Frères, and The Scoular Company. Asia Pacific was the largest region in the dried peas market in 2020. The regions covered in the dried peas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the dried peas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global dried peas market is segmented - 1) By Product Type: Yellow Peas, Green Peas 2) By Nature: Conventional, Organic 3) By Application: Household Or Retail, Foodservice Or HoReCa, Animal Feed, Pharmaceuticals And Supplements, Cosmetics And Personal Care, Food And Beverage Processing

The electrolyte mixes market consists of sales of electrolyte mixes by entities (organizations, sole traders, and partnerships) that are engaged in the production of electrolyte mixes. Electrolytes are minerals that have an electric charge and are found in the blood and help to regulate body functions. These minerals play a vital role in controlling blood pressure, muscle contraction, and are responsible for the proper functioning of the system. Electrolyte powders aid in the restoration and replacement of key vitamins and minerals in the body. They also contain more electrolytes and include less sugar and calories than regular sports beverages. The main types of products in electrolyte mixes are ready-to-drink (RTD) beverages, electrolyte powders, tablets, others. RTDs are single-serve beverages that are packaged and ready to drink right away after purchase. Electrolyte powders are usually mixed with a liquid and uses a ratio of potassium, sodium, and glucose to deliver nutrients to the bloodstream quickly. Electrolyte tablets are usually dissolved in a liquid to deliver nutrients to the bloodstream effectively. It is used in energy drinks, medical solutions, others and is made available to customers through supermarkets or hypermarkets, convenience stores, pharmacies, online retail, others. The global electrolyte mixes market is expected to grow from $3.47 billion in 2020 to $4.09 billion in 2021 at a compound annual growth rate (CAGR) of 17.7%. The change in growth trend is mainly due to the growing demand for electrolyte mixes from the fitness industry. The electrolyte mixes market is expected to reach $6.88 billion in 2025 at a CAGR of 13.9%. The growing health and fitness industry is expected to propel the expansion of the electrolyte mixes market in the forecast period. The health and fitness business has seen tremendous growth in recent years as more individuals participate in exercise activities and increasing demand for items such as electrolyte mixes, which serve to facilitate vital biological functions. According to the International Health, Racquet and Sportsclub Association (IHRSA) report, the global fitness sector generated a revenue of $96.7 billion in 2019 and is expected to reach $102 billion in 2021. Therefore, the upsurge in the health and fitness sector drives the growth of the electrolyte mixes market. The companies in the market are increasingly investing in launching new products with additional advantages. Major players operating in the electrolyte mix sectors are focused on developing unique solutions for electrolyte mixes to boost the immune system to meet the requirement of consumers. For instance, in October 2020, Liquid I.V., a US-based company introduced the Hydration electrolyte Multiplier + Immune Support drink mix based on cellular transport technology designed for strengthening and maintaining the immune system. The new non-GMO drink mix will be sold nationwide at retailers such as Walmart, Amazon, Costco, and Liquid-IV.com, and includes a novel immune support combination. In another instance, Propel launched Immune Support Line in 2020, which add zinc and vitamin C to the electrolyte mixes. In October 2020, Unilever, a UK-based consumer goods company, acquired Liquid I.V. for an undisclosed amount. Through this acquisition, Liquid I.V. shares Unilever purpose to improve the health and wellbeing of people, as well as the ambition to create sustainable products that have a positive social impact. Liquid I.V. is a US-based health-science nutrition and wellness company that manufacturers a portfolio of electrolyte drink mixes such as hydration and energy. Major players in the electrolyte mixes market are PepsiCo Inc., The Coca-Cola Company, LyteLine LLC, Nestle Health Science S.A., Vega, Ultima Health Products Inc., Abbott Laboratories, Tailwind Nutrition, Cargill, Prestige Brands Holdings Inc., and BA Sports Nutrition LLC. North America was the largest region in the electrolyte mixes market in 2020. Asia Pacific is expected to be the fastest region in the forecast period. The regions covered in the electrolyte mixes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the electrolyte mixes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA. The global electrolyte mixes market is segmented - 1) By Product Type: RTD Beverages, Electrolyte Powders, Tablets, Others 2) By Application: Energy Drink, Medical Solution, Other 3) By Distribution Channel: Supermarkets/ Hypermarkets, Convenience Stores, Pharmacies, Online Retail, Others

The starch derivatives market consists of sales of starch derivatives by entities (organizations, sole traders and partnerships) that manufacture starch derivatives. A starch derivative is defined as modified starch, prepared by chemically processing inhabitant starch to alter its qualities. It is used for flocculation, adhesion, acid stability, process tolerance advancement, pH stability enhancement and shear stability in various industries. The main types of starch derivatives are glucose syrup, modified starch, maltodextrin, hydrolysates, and cyclodextrin, manufactured by using raw materials such as corn, cassava, potato, and wheat. The forms of starch derivatives available are dry and liquid. The starch derivatives are used in binder, thickener and stabilizer, sweetener, lustering agent, powdering agent, fish culture feed, expanded feed, caking agent, dehumidification agent and is used food and beverage industry, medical industry, chemical industry, personal care and hygiene industry, and paper and pulp industry. The global starch derivatives market is expected to grow from $52.13 billion in 2020 to $55.78 billion in 2021 at a compound annual growth rate (CAGR) of 6.99%. The growth in the forecast period can be attributed to growing demand for processed food. The starch derivatives market is expected to reach $64.12 billion in 2025 at a CAGR of 3.55%. The growing demand for convenience and processed food is expected to fuel the growth of the starch derivatives market in the forecast period. Convenience food and processed food is a tertiary packaged food or food that is intended to reduce consumer time in the kitchen, lower expenses related to wastage, and minimize costs by economies of scale. Over the years, starch derivatives have appeared as a key successful environmentally friendly product, acting as a binding and gelling agent. There has been a significant rise in the demand for starch throughout the food and beverage sector due to rising sugar values. For instance, the global processed snacks market is expected to increase from $96.9 billion in 2020 to $142.0 billion by 2025. Therefore, the growing demand for convenience and processed food drives the growth of the starch derivatives market. Increasing costs have a negative impact on the growth of the starch derivatives market in the forecast period. This rise in raw material costs of natural sources like wheat, cassava, corn, and rice impact the manufacturing costs of starch derivatives, thus increasing overall product cost. For instance, the price of corn increased by more than 50% in 2021, to $7.50 a bushel, which was the highest in the past ten years. The increase in raw material prices is expected to be a restraint in the starch derivatives market. Technological advancements in the starch derivatives market are shaping the industry by increasing the shelf life of the product. With the development of latest technologies and advanced experiments in the food and beverage industry the integration of starch derivatives across different sectors is expanding. For example, in March 2020, Tate & Lyle, a UK-based provider of food and beverage ingredients and solutions, announced the addition of CLARIA Clean Label Starches to its line with the launch of Claria Everlast. Claria Everlast is an innovative clean label starch that produces superior shelf stability which helps maintain food quality, particularly under severe storage temperatures. In another instance, in November 2020, Germany based food production company, Beneo, launched the first-ever instant functional rice starch which helps manufacturers produce clean label food preparations, such as cold processed sauces, dressings, dairy desserts and bakery fillings. The starch also provides stability during the entire shelf life of a retail product. In March 2019, Ingredion Incorporated, a USA based ingredient provider acquired Western Polymer for an undisclosed amount. The acquisition of Western Polymer will expand Ingredion’s potato starch manufacturing capacity, enhance processing capabilities and broaden its higher-value specialty ingredients business and customer base. Western Polymer is a USA based producer of native and modified potato starches for food and industrial applications. Major players in the starch derivatives market are Ingredion, Tate & Lyle, Roquette Frères, Beneo, Penford Corporation, Stern-wywiol Gruppe, Archer Daniels Midland Company, Cargill, Grain Processing Corporation, Tereos, Emsland-Starke Gmbh, Agrana Investment Corp., Gulshan Polyols, Fooding Company Limited, Foodchem International Corporation, Molinos Juan Semino SA, JP & SB International, Gujarat Ambuja Export, ShreeGluco Biotech Private Ltd, Shubham Starch Chem Pvt. Ltd., Matsutani Chemical Industry Co., Ltd., Sanstar Bio-Polymers Ltd., Jay Sardar Starch & Gum Consultant, Tirupati Starch & Chemicals Ltd., Ambuja Exports Ltd, Daymer Ingredients Limited, and VIMAL PPCE. North America was the largest region in the starch derivatives market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the Starch Derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global starch derivatives market is segmented - 1) By Type: Glucose Syrup, Modified Starch, Maltodextrin, Hydrolysates, Cyclodextrin 2) By Raw Material: Corn, Cassava, Potato, Wheat 3) By Form: Dry, Liquid 4) By Application: Binder, Thickener And Stabilizer, Sweetener, Lustering Agent, Powdering Agent, Fish Culture Feed, Expanded Feed, Caking Agent, Dehumidification Agent, Others. 5) By End-User Industry: Food And Beverage, Medical Industry, Chemical Industry, Personal Care And Hygiene Industry, Paper And Pulp Industry, Others

The faba beans market consists of sales of faba beans. The market consists of revenue generated by establishments that are engaged in the production of faba beans. The faba bean is a common legume cultivated for its edible seeds or beans. Some varieties of faba beans are used as a source of protein for livestock. Faba beans are also widely used in the production of products such as protein powders and custom blends. The companies in the faba beans production distribute their products through various distribution channels to both individual customers and commercial establishments. The main types of faba beans are organic and conventional faba beans. Organic faba beans are produced using natural principles such as biodiversity and composting. Conventional faba beans are produced using high-input modern agriculture with synthetic chemical fertilizers, fungicides, insecticides and others. Faba beans are used in food processing, animal feed, nutraceuticals, sports nutrition, and infant nutrition. These are made available to the end-users through supermarkets/hypermarkets, convenience stores, specialty stores, online retailers and other channels. The global faba beans market is expected to grow from $3.06 billion in 2020 to $3.18 billion in 2021 at a compound annual growth rate (CAGR) of 3.77%. The growth is mainly due to the growing demand for natural and plant-based proteins. The faba beans market is expected to reach $3.47 billion in 2025 at a CAGR of 2.19%. The increasing shift towards veganism boosted the growth of the faba beans market during the historic period. Veganism involves abstaining of animal products, particularly in the diet of an individual. As per the Vegan Society, 14,262 brands with the vegan trademark were registered in 2019 globally, which represented an improvement of 49% on last year registrations. Moreover, plant-based goods are driving revenues at grocery stores worldwide, expanding at nearly double the rate of total food sales. According to data compiled by SPINS on behalf of advocacy nonprofit The Good Food Institute (GFI) and trade group Plant Based Foods Association (PBFA) released in April 2021, supermarket sales of plant-based foods that directly replace animal products increased by 27% to $7 billion in 2020. Consumers are rapidly moving toward veganism in many parts of the world, resulting in a significant increase in demand for plant-based proteins, which drove the demand for faba beans over the historic period. The yield loss due to various diseases in faba beans could restrict the market in the forecast period. Faba beans are subject to number of diseases which reduces their yield and quality. Some of main diseases impacting the productivity of faba beans are botrytis chocolate spot, stemphylium blight, alternaria leaf spot and sclerotinia stem rot. This is expected to negatively impact the growth of the market in the forecast period. Major companies in the market are focusing on technical advancements of their products in order to cater to the growing need for plant-based proteins. For instance, in 2020, Belgium based Verso Food using wet extrusion, developed a method to manufacture a faba-based food product with a fibrous structure close to cooked meat and chicken. In another instance, in 2019, Netherlands based Multiflour and MPF Germany collaborated to develop a textured fababean protein with a content of 60% protein which can be alternated as a protein source for meat substitutes and as an adequate alternative for soy. In 2019, the companies Fava Trading and Roland Mills United formed Roland Beans GmbH as a joint venture. This allows the businesses to combine their complementary competencies in faba bean production, raw material supply, manufacturing, and utilization technologies in the supply chain. Roland Mills United GmbH & Co. KG is a conventional milling company with several years of experience in the manufacturing of customer-specific grain milling products in Northern Germany. Fava Trading GmbH & Co. KG is a trading company based in Germany, in 2016 by visionary farmers from the Weser-Elbe region, is capitalizing on the field bean new opportunities in this conventional cultivation sector. Major players in the faba beans market are Prairie Fava, Unigrain, Roland Beans, Aviip Group, Alberta Pulse Growers, Stamp Seeds, Riddell Seed Co., and Pawnee Buttes Seed Inc. Asia Pacific was the largest region in the faba beans market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the faba beans market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The global faba beans market is segmented - 1) By Nature: Organic, Conventional 2) By End-Use: Food Processing, Animal Feed, Nutraceuticals, Sports Nutrition, Infant Nutrition 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retailers, Others

Beer Market Definition

The beer market consists of sales of beer and nonalcoholic beer, by entities (organizations, sole traders and partnerships) that brew beer. Companies in the beer market brew the beverage from cereal grains, including malted barley, wheat, rice and maize; during the brewing, fermentation of the starch leads to ethanol and carbonation – key features of most beer. Once beer is produced, the companies’ package and distribute it through various distribution channels to both individual customers and commercial establishments. The beer market is segmented into ales; lagers; stouts & porters, and malts. Only goods and services traded between entities or sold to end consumers are included. Establishments in the beer industry transform agricultural produce into intermediate products or final products for end consumption. Establishments in the beer manufacturing industry are engaged in manufacturing beer such as ales, lagers, stouts, and malts.

The organic food market consists of sales of organic food and beverages and related services. The production of organic food involves practices that promote ecological balance and aim to conserve biodiversity. These food products do not use any food additive or industrial solvent. The organic food market covered in this report is segmented by product type into organic meat, poultry & dairy, organic fruits & vegetables, organic bread & bakery, organic beverages, organic processed food, other organic products. The organic food market is also segmented by application into conventional retailers, natural sales channels, others and by distribution channel into supermarkets/hypermarkets, convenience store, specialty stores, online stores. The global organic food market is expected to grow from $201.77 billion in 2020 to $221.37 billion in 2021 at a compound annual growth rate (CAGR) of 9.7%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The organic food market is expected to reach $380.84 billion in 2025 at a CAGR of 14.5%. Increasing health concerns due to growing number of chemical poisoning cases globally is acting as a driver in the organic food market. Consumers are becoming more health conscious owing to the harmful effects caused by the presence of chemical pesticides in food products. The toxicity of chemical pesticides in food products can cause cancer, hormone disruption and birth defects. According to an UN report, around 200,000 people die every year due to toxic effects of pesticides in food products. This is causing consumers to shift their focus towards organic food products. Low shelf life of organic food and beverages compared to conventional foods and beverage products is restraining the organic food market. For instance, in a research conducted by MSNBC, it was reported that the shelf life of organic food product tends to be shorter than conventional produce. Similarly, some researchers found that many organic foods had higher levels of bacteria than conventional products that cause food to spoil. As organic food is not exposed to the similar amount of preservatives that of conventional food, organic food tends to be prone to bacteria attacks and has a shorter shelf life. For example, organic food products like turnip greens, mustard greens, and endive have a very short shelf life with shrinkage percentage of 50%. Thus, high packaging, logistics and distribution costs to increase shelf life is limiting the growth of the organic food market. Companies in the organic food market are focusing on introduction of new product categories and varieties. Organic food manufacturers are coming up with new and innovative organic food products in the form of ready-to-eat snacks, cookies, organic tea, pulses, spices, edible flowers, frozen waffles, medical plants, herbs and organic juices. For example, Lidl, an organic grocery chain is coming up with 28 new and innovative organic food products to choose from. Similarly, Nestle plans to launch new and innovative organic milk products in India. The organic food market is regulated by authorities such as the US Food and Drug Administration (FDA) and the European Food Safety Authority (EFSA) to ensure high quality standard of food product is maintained. For instance, EFSA oversees whether labelling is used to mislead consumer on the nutritive proportions of a product in the EU. EFSA performs occasional checks on the nutritional value to check whether correct labelling has been used or not. In order to maintain transparency and effectiveness, regulatory authorities have come up with strict food labelling regulations for the organic food market. Major players in the organic food market are General Mills Inc., Cargill, Inc., Danone, United Natural Foods Inc. and Amy’s Kitchen. The regions covered in the organic food market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the organic food market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global organic food market is segmented - 1) By Product Type: Organic Meat, Poultry & Dairy, Organic Fruits & Vegetables, Organic Bread & Bakery, Organic Beverages, Organic Processed Food, Other Organic Products 2) By Application: Conventional Retailers, Natural Sales Channels, Others 3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Store, Specialty Stores, Online Stores

The milk substitutes (non-dairy milk) market consists of sales of milk substitutes. This industry includes establishments that produce milk substitutes such as soy milk, almond milk and rice milk. The milk substitutes (non dairy milk) market covered in this report is segmented by type into soy milk, almond milk, rice milk, others. The milk substitutes (non-dairy milk) market is also segmented by application into food, beverages; by distribution channel into supermarkets, hypermarkets, convenience stores, specialty stores, online retail stores, others; by formualtion into plain-sweetened, plain-unsweetened, flavored-sweetened, others. The global milk substitutes (non dairy milk) market is expected to grow from $19.93 billion in 2020 to $21.44 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The non-dairy milk market is expected to reach $31.28 billion in 2025 at a CAGR of 9.9%. The increasing consumers’ preference for vegan food is driving the milk substitutes market. Consumers are increasingly becoming aware about animal abuse at dairy farms and are avoiding animal-based products. Vegan milk is cholesterol-free, rich in vitamin D and proteins and provides more calcium than animal milk. According to a report by Mintel, sales of non-dairy milk in the USA grew 61% over the last five years. The rising shift towards veganism and health consciousness is driving the milk substitutes market. Presence of highly toxic arsenic compounds in rice milk is acting as a restraint on the milk substitutes market. Rice milk is made from rice that carries huge levels of arsenic, a highly toxic chemical which is dangerous for human health and may cause cancer. According to a journal on food additives & contaminants, arsenic proportion in rice milk has a mean value of 63%, which is dangerous for human health. Non-dairy milk producing companies are increasingly focusing on improving the shelf life of their products. Companies are trying to decrease the rate of bacterial formation in non-dairy milk through bacterial clarification using separators intended to remove bacterial spores. Ultra-pasteurization involves heating milk to a temperature of more than 280°F for at least 2 seconds that will kill harmful bacteria and increases shelf life to up to 120 days. For instance, soymilk produced by SunOpta is processed using ultra-pasteurization and has an extended shelf life of 12 months. Also, ultra-pasteurized almond milk by Pacific Foods has a shelf life of about a year. Non-dairy milk producers are governed by various regulations related to product quality, labelling and others. For instance, in the EU, the Regulation (EU) No 1169/2011 was introduced to provide nutritional information about food products to consumers. According to the regulation, non-dairy milk producing companies have to adhere to different protocols pertaining to nutritional labelling, presentation, advertising of foodstuffs and the printed information must be of a minimum font size. The allergens (e.g. soy, nuts, gluten, and lactose) for prepacked foods should be clearly mentioned. For non-dairy products like milk substitutes, an indication of substitute ingredient should be clearly mentioned. Major players in the milk substitutes (non-dairy milk) market are Hain Celestial Group, WhiteWave Foods, ADM, Nutriops S.L and Blue Diamond Growers. The regions covered in the milk substitutes (non-dairy milk) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the milk substitutes (non-dairy milk) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global milk substitutes (non dairy milk) market is segmented - 1) By Type: Soy Milk, Almond Milk, Rice Milk, Others 2) By Application: Food, Beverages 3) By Distribution Channel: Supermarkets, Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Others 4) By Formualtion: Plain-Sweetened, Plain-Unsweetened, Flavored-Sweetened, Others

The coffee capsules market consists of sales of coffee capsules product and related services used to prepare instant and convenient coffee at restaurants, bar, homes and offices. A coffee capsule is a small cylindrical shaped container that contains coffee sealed with an aluminum foil. Coffee capsules contain fine ground coffee in a measured amount. Coffee capsules comes in different flavors and can be used with or without a coffee machine. The coffee capsules market covered in the report is segmented by material into conventional plastic, bio plastics, fabric, others. The coffee capsules market is also segmented by application into household, commercial. The global coffee capsule market is expected grow from $4.06 billion in 2020 to $4.09 billion in 2021 at a compound annual growth rate (CAGR) of 0.7%. The slow growth is mainly due to the outbreak of COVID-19 outbreak that has led to closure of offices that majorly use coffee capsules. The coffee capsules market is expected to reach $5 billion in 2025 at a CAGR of 5%. The growing popularity of instant non-alcoholic beverages such as coffee in restaurants and office cafeterias propel the growth of the coffee capsule market. The coffee capsules reduce the time and effort required in preparing a cup of coffee when used in coffee machines in coffeehouses, office cafeterias. Increasing need of non-alcoholic beverages drinks among millennials, consumer awareness towards low sugar and non-alcoholic drinks, busy work schedules and changing consumer taste are a few of the reasons that has attributed towards the rise in the popularity of instant non-alcoholic beverages such as coffee. According to the study conducted in 2019 by MarketInspector, a UK based provider of digital marketplace for businesses and institutions, the annual coffee consumption per capita in Finland was 11.7 Kg while Portugal had 41.6 coffee shops per 10,000 people. The increasing use of coffee machines in restaurants, office cafeterias to fulfill the increased demand for instant non-alcoholic beverages such as coffee increases the demand of coffee capsules, thus increasing the growth of the coffee capsule market. Coffee pods (coffee pads) are prepackaged in environmentally friendly filter paper and provides an easy alternative for coffee capsules while offering compatibility with all kinds of coffee machines. Unlike coffee capsules, coffee pods are simpler to use and dispose, and does not contain plastic or aluminum packaging. Coffee pods are available at a lower price than coffee capsules due to the absence of plastic or metal used in capsules. Moreover, different machines require different types of coffee capsules making it tedious for the users. For instance, the three types of machines offered by Lavazza, an Italy based provider of coffee products, requires different types of coffee capsules. Further, as reported by Halo, a U.K based manufacturer of compostable coffee capsule, in 2018, out of a total of 59 billion coffee capsules produced almost 95% were in plastic and aluminum. Thus, the market for coffee capsules is restricted by the growing demand of its alternative products such as coffee pods. One of the latest trends for the companies in coffee capsules market is to use bioplastics and bio-degradable materials for making coffee capsules. Companies in the coffee capsules market are investing in finding ways to use bioplastics and biodegradable materials for making capsules instead of using aluminum and plastic to hold the coffee extract. Capsules made from aluminum and plastics are non-biodegradable and harm the environment thus, pushing the companies towards finding new innovative bio-degradable material such as polypropylene, which can be shredded and recycled to be used to make coffee capsules. Following the trend, in 2019 Woken launched its line of Nespresso-compatible capsules which are completely bio-degradable. The bio capsules offered by Woken are made from a bioplastic named Terrablend, which contains 62% of raw materials and is trademarked by Woken. Similarly, Lavazza, an Italy based food and beverages company, launched its 100% compostable coffee pods, named Eco Caps, in 2019.These Eco Caps can be disposed of in the food waste bin and requires six months to degrade. In 2018, Nestle, a Switzerland based multinational food and drink processing company, acquired marketing rights of Starbucks Corporation’s consumer packaged goods and food service products other than ready-to-drink products for USD 7.15 billion. Through the acquisition Nestle aims to strengthen its coffee business by adding products from Starbucks. In 2019, Nestle in collaboration with Starbucks launched the first Starbucks coffee capsules developed using Nestle's Nespresso and Nescafe Dolce Gusto coffee and system technologies. Starbucks is a USA based coffee company that also includes a chain of coffeehouse across the globe. Major players in the coffee capsules market are Nespresso, Keurig, Gloria jean’s Coffees, Nescafe, Nestle, Lavazza A Modo Mio, Starbucks, Bestpresso, Kissmeorganics, and Gourmesso. The regions covered in the coffee capsules market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the coffee capsules market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The global coffee capsule market is segmented - 1) By Material: Conventional Plastic, Bio plastics, Fabric, Others 2) By Application: Household, Commercial 3) By Product: Closed Source System, Open Source System