Current scenario and outlook for the global dietary supplement industry
The unprecedented COVID-19 outbreak has posed significant challenges to various industries across the world. Strict restrictions on movement, production, supply of raw materials and limited inventory have significantly affected business growth. However, with the roll-out of the vaccination process in countries like the United States, United Kingdom, China, India and Germany, manufacturers are ramping up in terms of production and sales.
Due to the negative after-effects of the pandemic, dietary supplements are gaining in importance as they provide additional nutritional support and promote rapid recovery in COVID-19 patients. The growing emphasis on the benefits derived from these supplements will further stimulate the global dietary supplement industry.
In the past two years, coffee consumption has increased dramatically. The same growth was also observed in the demand for gourmet coffee. The availability of choice of multiple brands and high quality beans has boosted the growth of the coffee market. Unlike the growth of the overall coffee market, the coffee pod market has not seen any major change. Consumer preference for coffee pods has been tarnished due to the heavy environmental footprint of used coffee pods.
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Concerns about coffee pods have also been expressed by regulators and manufacturers. To alleviate the factors leading to loss in the market, manufacturers have adopted the use of compostable coffee pods. The key players in the market are the precursors of the movement. The adoption of sustainable coffee pods by manufacturers has the potential to improve the future prospects of the coffee pod landscape and help change consumer perceptions of coffee pods.
|Region||type of product||Caffeine content||Roast type||Flavor||Distribution channel|
|North America||Soft capsules||Regular||Dark||Regular||Business to business|
|Latin America||Hard pods||Decaffeinated||Way||Fragrant||Hypermarkets / Supermarkets|
|Asia Pacific||Food and drink specialty|
|The Middle East and Africa||Independent retail|
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Cannabis infused coffee pods to promote sustained growth
With the legalization of cannabis use in some countries, the global food and drink industry has seen many innovations. One of the recent innovations in the coffee industry is the introduction of cannabis infused coffee pods. These cannabis infused coffee pods are said to have the same effects when brewed at home just like coffee infused cannabis coffee. Home brewed cannabis coffee pods have become popular due to the stigma attached to public cannabis coffee consumption. The legalization of cannabis in the global market can aid in the growth of cannabis infused coffee pods and, in turn, help to support the growth of the coffee pod market.
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Fluctuations in coffee production to drive sales of cannabis coffee pods
According to the United States Department of Agriculture (USDA), world coffee production, which was estimated at around 169 million 60-kilogram bags in 2018-19, is expected to decline slightly in 2019. -2020, mainly due to the Arabica trees entering the dead year of the biennial production cycle. The coffee bean market is expected to maintain moderate growth in the global market for the year 2019. But in line with the trend seen previously in the coffee market, the coffee market is expected to show a bullish rebound trend after the 2019 decline. The deficit in demand and supply of traditional coffee is likely to complement the growth of new cannabis infused coffees and drinks, which in turn will benefit the growing trend of cannabis infused coffee pods.
The Coffee Pods Market report answers important questions, including:
- What is the status of the coffee pod market after the forecast period?
- Which region has the highest contribution to the global coffee capsules market and why?
- Which players remain at the top of the global coffee pod market?
- What opportunities are available for the Coffee Capsules market players to extend their production footprint?
- Which segment has the maximum impact on the global coffee pod market?
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