This can be attributed to factors like increasing retail spending, a shift towards convenient and ready-to-drink hot beverages, and rising popularity in both the residential and commercial sectors.

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According to the latest report by IMARC Group, titled “Australia Coffee and Tea Capsules Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the Australia coffee and tea capsules market reached the value of US$ X Million and US$ Y Million, respectively, in the year 2018. Beverage capsules are single-serve vessels that are made by combining aluminum and plastic. These capsules are used for packing ground tea leaves, milk powder and brewed coffee generally used for preparing ready-to-drink hot beverages. Amongst these, coffee capsules are relatively smaller in size and contain approximately 4 to 6 grams of roasted ground coffee. Tea capsules are available in different flavors including herbal tea, black tea and green tea. In Australia, there has been a year-over-year rise in the retail spending on hot beverages which is supporting the trend of coffee and tea capsules.

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Market Trends:

The market for beverage capsules in Australia is exhibiting a rise on account of the increasing demand for tea and coffee among people over the age of 70 years, and between 31 to 50 years, respectively. In addition to this, consumers in the country are shifting towards convenient and ready-to-drink beverages due to their busy lifestyles. Moreover, there has been an increase in the demand for premium tea and other beverages in the residential sector among consumers who want to recreate the cafe experience at home. Such shifts in consumer preferences are escalating the demand for coffee and tea capsules across the nation. Other than this, these containers have gained immense popularity in offices and other commercial buildings. On account of the aforementioned factors, the markets for coffee capsules and tea capsules in Australia are expected to grow at X% and Y% during 2019-2024, reaching the value of US$ X Million and US$ Y Million by 2024, respectively.

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Insights on Market Segmentation:

Competitive Structure:

The key players operating in the coffee capsule market include Nestle Australia Ltd, Lavazza Australia Pty Limited, Jacobs Douwe Egberts Professional Australia, Vittoria Food & Beverage, Illy Australia, Mad Coffee Capsules Pty Ltd, Icapsulate Pty Ltd, Grinders Coffee, Carlini Coffee Company, Coffeecaps Pty Ltd, Gloria Jean's Coffees Supply Pty Limited., Map Coffee, and The EcoCaffe Company.

The leading tea capsule manufacturers are Tetley (Tata Global Beverages Australia Pty Limited), Nestle Australia Ltd, Twinings, Unilever Australia Supply Services Limited, The Red Espresso Company (Pty) Ltd, Dilmah (Aust.) Pty. Ltd., Map Coffee, Italytea, and Caffe Bonini (Sigma Coffee PTY LTD).