Japan Coffee and Tea Capsules Market Trends, Scope, Demand, Opportunity and Forecast by 2024
by Rahul Rastogi Market Research AnalystThe Japan coffee and tea capsules market has witnessed a
steady growth in the recent years. This can be accredited to large working
population, changing consumer preferences, rising number of single-person
households and introduction of different styles of beverage capsules including
a variety of flavors in the country.
The recent report by IMARC Group, titled “Japan Coffee and Tea Capsules Market: Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023”, estimates that the market for coffee
capsules and tea capsules in Japan reached a value of US$ XX Million and US$ XX
Million respectively in 2017. Beverage capsules are innovative single-serve
containers which incorporate the powder of beverage concentrate. Unlike
packets, these capsules preserve the aroma and authentic flavor of the
beverage. This, coupled with the convenience and efficiency provided by them
have assisted beverage capsules in gaining traction among the consumers. As
drinking tea is an integral part of Japan culture, a heightened demand for tea
capsules has been witnessed in the region. Moreover, changes in lifestyle and
culture have increased the number of single-person households, in turn,
impacting the spending patterns of consumers. This has led to a boost in the
demand for single value packs and convenient food products which are meant for
one-time-use and can be disposed off easily.
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Japan Coffee and Tea Capsules Market Trends :
The large working population in Japan has majorly contributed in propelling the
demand for beverage capsules in the country. In addition to this, an
inclination towards organizing business meetings at cafés rather than offices
is augmenting the consumption of coffee capsules in Japan. Apart from this, the
trend of acquiring barista-like coffee flavor in institutional and domestic
spaces is also leading the consumers to opt for coffee capsules. These factors
have further assisted in thriving the demand for single-serve capsule machines
in the recent years. Moreover, progress in technology has resulted into the
invention of microfiltration, and patented lidded capsules for optimized flavor
extraction, consistency and taste. In confluence with this, manufacturers have
come up with a wide range of exceptional taste-boosting flavors and blends,
catering to the altering consumer preferences. For instance, there are many
types of tea capsules available to the consumers such as black tea capsule,
green tea capsules, herbal tea capsules, etc. Besides this, Nestle’s Nescafe
dolce gusto now offers more than 15 flavors of coffee capsules which can be
brewed easily at home. Furthermore, the manufacturers are introducing largest
and different styles of coffee pods which are biodegradable and eco-friendly in
nature, like paper coffee pods K-cups and T-discs, so as to widen their product
portfolio. Due to abovementioned forces, the market for coffee capsules and tea
capsules in Japan reached a value of US$ XX Million and US$ XX Million,
expanding at a CAGR of X% and X% respectively, during 2018-2023.
The competitive landscape of the coffee capsule market in
Japan has also been examined with some of the major players being Nestle
Nespresso Corporation, Nescafe Dulce Gusto, Café Bonini, Café Royal, Kimbo,
Royal-T Café, Hills Bros Coffee, Illy Australia and Antico Caffe Greco. On the
other hand, some of the key players operating in the tea capsule market in the
region include Nescafe Dulce Gusto, Lipton, Café Bonini, Royal-T Café, Special.
T by Nestle and Yamato Tea.
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with TOC & List of Figure: https://www.imarcgroup.com/japan-coffee-tea-capsules-market
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Created on Jun 7th 2019 01:41. Viewed 370 times.