According to the latest IMARC Group report titled “Australia’s Coffee & Tea Capsules Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, the Coffee and tea capsules market in Australia was valued at $736 million in 2020. Looking ahead, IMARC Group expects the Australian coffee and tea capsule market to reach $1,413 million by 2026, at a CAGR of 11.30% over 2021-2026. Beverage capsules are single-use containers made from a combination of aluminum and plastic. These capsules are used for packaging ground tea leaves, milk powder and brewed coffee, which is generally used to prepare ready-to-drink hot beverages. Among these, coffee capsules are relatively smaller and contain approximately 4 to 6 grams of roasted ground coffee. Tea capsules are available in a variety of flavors including herbal tea, black tea, and green tea. In Australia, retail spending on hot beverages increased year-on-year, supporting the trend towards coffee and tea capsules.
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Coffee and Tea Capsules Market Trends in Australia:
The beverage capsule market in Australia is showing an upward trend due to increasing demand for tea and coffee among people aged 70+ and 31-50 respectively. Additionally, consumers in the country are shifting toward convenience and ready-to-drink beverages due to their busy lifestyles. In addition, demand for premium tea and other beverages in the household sector has increased among consumers who…