Beverage capsules are containers produced by using a mixture of plastic and aluminum. These are available in the form of single-serve pods or twin packs which offer two servings of instant beverage. The capsules usually carry brewed coffee, ground tea leaves and milk. They are mostly being used in coffee and tea vending machines which are installed at institutional and domestic locations. The robust growth in the e-commerce industry and increasing distribution network through various retail channels has been facilitating the consumers to consume more coffee, tea and milk powder capsules in the Philippines. As per IMARC Group estimates, the market for coffee capsules and tea capsules in Philippines reached a value of US$ XX Million and US$ XX Million respectively in the year 2018.
In the Philippines, there is an assortment of beverages which are gaining popularity among consumers. Beverage capsules, including tea, coffee and milk, are some of these innovations which are appealing a huge mass of population. At present, tea is being preferred on account of various health benefits offered by it such as avoiding illness and enhancing digestion process. Whereas, coffee is gaining momentum amongst teenagers and young adults owing to the availability of premium brands. Consequently, the demand for beverage capsules has also augmented in the country due to the rising adoption of western, on-the-go lifestyles which has further led to the acceptance among consumers regarding the consumption of different at-home variants of both tea and coffee. Apart from this, as the working population of the Philippines has been soaring; tea, coffee and milk capsules are being largely used in commercial settings. Looking forward, the market for coffee capsules and tea capsules in the Philippines is expected to reach a value of US$ XX Million and US$ XX Million by 2024, expanding at a CAGR of X% and X% respectively, during 2019-2024.
This report provides a deep insight into the coffee and tea capsules market in the Philippines 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 Philippines coffee and tea capsules industry in any manner.
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