Capsule Coffee Machines Market to Grow with a CAGR of 6.7% Globally through to 2028
Rising disposable incomes,
quick and easy to use, growing popularity of single-serve coffee are factors
driving the global capsule coffee machines market in the forecast period 2024-2028.
According to TechSci Research report, “Global Capsule
Coffee Machines Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Capsule Coffee Machines
Market stood at USD 5.44 billion in 2022 and is anticipated to grow with a CAGR
of 6.7% in the forecast period, 2024-2028. The Capsule Coffee Machines Market
has emerged as a dynamic and influential segment within the broader coffee
industry. Shaped by changing consumer preferences, technological advancements,
and sustainability considerations, this market has witnessed significant growth
and innovation.
The Capsule Coffee Machines Market has been
significantly influenced by evolving consumer preferences. The demand for
convenience, customization, and a diverse range of coffee flavors has fueled
innovation within the market. Manufacturers are responding to the need for
efficiency by introducing user-friendly machines that offer quick and
hassle-free coffee brewing. The rise of specialty and single-origin coffee pods
reflects the increasing sophistication of consumer tastes, with an emphasis on
the origin and unique flavor profiles of coffee.
Browse over 26 market data Figures spread
through 181 Pages and an in-depth TOC on "Global Capsule Coffee Machines Market”
Consumers are increasingly willing to pay for premium
capsule coffee machines that offer features such as touchscreen displays and
built-in milk frothers. Consumers are increasingly concerned about the
environmental impact of their purchases. Capsule coffee machine manufacturers
are responding to this trend by developing more sustainable products, such as
machines made from recycled materials and capsules that are compostable. Consumers
are increasingly demanding personalized coffee experiences. Capsule coffee
machine manufacturers are responding to this trend by developing machines that
can be programmed to make individual preferences, such as the strength of the
coffee and the amount of milk.
Continuous technological advancements
have been a driving force in the Capsule Coffee Machines Market. Smart coffee
machines, equipped with features such as smartphone connectivity, app
integration, and customizable settings, are reshaping the way consumers
interact with their coffee devices. This trend is not only meeting the demand
for convenience but also aligning the market with the broader trend of
integrating technology into everyday appliances. The Capsule Coffee Machines Market
has experienced robust growth in recent years, driven by the factors mentioned
above. The market size has expanded globally, with increasing adoption in both
developed and emerging economies. The convenience offered by capsule coffee
machines, coupled with the appeal of diverse flavor options, has contributed to
the market's sustained growth.
The market is characterized by a diverse range of
products catering to various consumer preferences. From entry-level machines
targeting budget-conscious consumers to premium models with advanced features,
manufacturers are tapping into different market segments. The growth trajectory
is further amplified by the expanding influence of online distribution
channels, enabling manufacturers to reach a global consumer base.
The Global Capsule Coffee Machines Market is segmented
into type, application, distribution channel, regional distribution, and
company.
The Capsule Coffee Machine Market segmentation, based
on application, includes Household and Commercial. The household segment
currently holds the largest market share in the Capsule Coffee Machine Market.
This is due to the fact that capsule coffee makers are mostly intended for
household usage and provide users with a practical means of brewing a single
cup of coffee rather than a full pot.
Based on region, North America Capsule Coffee Machine
market accounted for largest market share in 2022 and is expected to exhibit a
significant CAGR growth during the study period. In North America, the demand
for capsule coffee machines is driven by the convenience and ease of use of
these machines, which are designed to make a single cup of coffee quickly and
easily.
Major companies operating in Global Capsule
Coffee Machines Market are:
- Starbucks Corporation
- Nestlé S.A.
- Pacific Coffee Co. Ltd
- Jacobs Douwe Egberts B.V.
- Ningbo Aaa Group Electric Appliance Co.
Ltd.
- Keurig Dr. Pepper Inc.
- Bradshaw Home Inc.
- Kraft Heinz Company
- Dualit Limited
- Luigi Lavazza S.p.A.
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“The Capsule Coffee Machines Market has experienced
robust growth, driven by the convergence of consumer preferences for
convenience and customization. As the demand for quick and hassle-free coffee
brewing rises, manufacturers have responded with innovative machines, offering
a diverse array of coffee flavors. Technological advancements, particularly the
integration of smart features, have further propelled market expansion.
Sustainability initiatives, addressing environmental concerns, play a pivotal
role, resonating with environmentally conscious consumers. With major players
continuously introducing new products and expanding their market reach, the
Capsule Coffee Machines Market is poised for sustained growth in the
foreseeable future.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Capsule
Coffee Machines Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, Segmented By Type (Closed-Source System and Open-Source System), By
Application (Household, Commercial), By Distribution Channel (Online, Offline),
By Region, By Competition, 2018-2028”, has evaluated the future
growth potential of Global Capsule Coffee Machines Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Capsule Coffee Machines Market.
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