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Capsule Coffee Machine Market Highlights
The Global Capsule Coffee Machine Market is estimated to be valued at USD 8,261.4 Million by 2025 and is expected to register a CAGR of 7.86% during the forecast period. Capsule coffee machines brew coffee by forcing heated water through a small container of ground coffee which is shrink-wrapped in a capsule or a pod. Capsule coffee machines are also known as pod filter machines. These machines are convenient as they reduce preparation time and are cost-effective in the long term.
The increasing consumption of coffee across the globe is driving the growth of the capsule coffee machine market. The growing working population, busy lifestyles, and inclination toward convenience products are positively impacting the growth of the Global Capsule Coffee Machine Market. Moreover, capsule coffee machines are eco-friendly as they have an automatic power-off function which limits power consumption. Owing to such benefits, the demand for these machines is increasing in small offices, cafés, households, schools and colleges, retail stores, hotels, and other places providing high-quality coffee.
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Key Findings of the Study:
The Global Capsule Coffee Machine Market is projected to reach USD 8,261.4 million by 2025 at an 86% CAGR during the review period of 2019 to 2025.
North America accounted for the largest market share in 2018, with the US being the major contributor to the growth of the regional market.
The household segment is projected to dominate the global capsule coffee machine market, by type, during the forecast.
Market Players
Market Research Future recognizes
Starbucks Corporation (US)
Nestlé S.A. (Switzerland)
Jacobs Douwe Egberts B.V. (Netherlands)
Keurig Dr Pepper Inc. (US)
Kraft Heinz Company (US)
Illycaffè S.p.A. (Italy)
Luigi Lavazza S.p.A. (Italy)
Dualit Limited (UK)
Bradshaw Home Inc. (US)
Ningbo Aaa Group Electric Appliance Co. Ltd. (China)
Pacific Coffee Co. Ltd (Hong Kong)
as the key players in the global capsule coffee machine market.
Segmental Analysis
The Global Capsule Coffee Machine Market has been segmented based on Type, Application, and Region.
By Type, the market has been divided into closed-source system and open-source system. The closed-source system segment accounted for the larger market share. In this system, the manufacturer or supplier of the machine also provides the capsules and no other capsules can be used in the machine. Closed-source capsule coffee machines are favored by brand-loyal customers who prefer a brand of coffee. However, open-source systems reduce consumer dependency on the manufacturer for the supply of capsules, resulting in the higher projected CAGR of the segment during the forecast period.
Based on Application, the global capsule coffee machine market has been classified as household and commercial. The household segment accounted for the larger market share in 2018; it is expected to maintain its dominance during the review period due to the increasing consumption of coffee in emerging economies. The commercial segment is projected to register a significant growth rate with the increasing number of restaurants and cafés.
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Regional Analysis
Geographically, the global capsule coffee machine market has been segmented into North America, Europe, Asia-Pacific, Central & South America, and the Middle East & Africa. As per MRFR analysis, North America dominated the market, accounting for the largest share of the market in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 8.55% during the assessment period. The European market accounted for the second-largest market share in 2018. The market in Europe is estimated to reach USD 2,297.5 Million by the end of 2025, with Germany being the leading market.
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Organization: Market Research Future
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Website: https://www.marketresearchfuture.com/reports/capsule-coffee-machine-market-7982
Release ID: 88906624
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