The coffee pods market consists of sales of coffee pods and related services. Coffee pods are small single-serving coffee containers. Coffee pods reduce the time and efforts for preparing coffee, thus, they have become a popular choice for the working population and millennials.
The global coffee pods market is expected to decline from $12.12 billion in 2019 to $11.85 billion in 2020 at a compound annual growth rate (CAGR) of -2.24%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $17.50 billion in 2023 at a CAGR of 13.87%.
