Beverage capsules refer to single-serve containers which have ingredients disposed in their filter. The body includes a side wall which extends from an end wall to an opening with a cover. These capsules generally include coffee and tea which are generally utilised by tea and coffee vending machines in both commercial and domestic spaces. In Australia, the use of beverage capsules has been increasing rapidly owing to the growing cafe culture which is creating a significant demand for coffee, tea and other beverages. As per IMARC Group estimates, the market for coffee capsules and tea capsules in Australia reached a value of US$ X Million and US$ Y Million respectively in the year 2018.
Australia is expected to witness a rising demand for coffee and tea capsules in the coming years. The consumption of coffee in Australia continues to exhibit strong growth among millennial and Generation Z consumers. Tea also represents an important part of the modern Australian culture due to its British origins. Tea and coffee capsule manufacturers are constantly coming up with innovations in terms of flavours, variety and price in order to increase their consumer-base. Looking forward, the market for coffee capsules and tea capsules in Australia is expected to exhibit compound annual growth rates of X% and Y% during 2019-2024 reaching values worth US$ X Million and US$ Y Million, respectively by 2024.
This report provides a deep insight into the coffee and tea capsules market in Australia covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the coffee and tea capsules market in any manner.
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