Return to: Business NewsCapsule Coffee Machine Market Size Worth $1.78 Billion By 2025The global capsule coffee machine market size is anticipated to reach USD 1.78 Billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.8% over the forecast period. The market demand is majorly driven by the prominent use of single serve coffee, especially in the western countries such as U.S., U.K., Germany, and Switzerland. Capsule machines for this beverage are designed with easy operational features, lighter volume, and are available at a cheaper rate as compared to the traditional ones. Americans alone consume about 136 billion cups of coffee every year, with an average consumers drinking approximately 3 cups each day, and spending on around $1100 annually. Consumers drink up to 500 billion cups of this beverage annually at the global level, with U.S. ranking as the second largest importer of coffee beans, after Europe. High consumption of this beverage in these regions is expected to drive the market. Household application of capsule coffee machines is expected to expand at the highest CAGR of 5.0% over the forecast period. Growing trend of adoption of premium and specialty beverages induced with different flavors and origin is gaining popularity. This trend is expected to drive the demand for such capsule machines in the household sector. Countries having high consumption rate such as U.S., Germany, Switzerland, and Japan are expected to account for a significant share in the global market. Consumers in the western countries prefer home brewed coffee and hence it is anticipated to fuel the market growth. According to the National Coffee Association trends, 29% of the U.S. households purchased single serve brewers in 2017. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/capsule-coffee-machine-market The capsule coffee machine market in Asia Pacific is expected to expand at the highest CAGR of 12.7% from 2019 to 2025. Rising consumer awareness regarding technologically advanced products have initiated the sales of these products on a large scale in the region. Developing countries such as India and China are expected to contribute to the regional market growth owing to growing cultural trends and rising inclination towards consumption of coffee. Moreover, this region is witnessing increasing establishment of cafes and coffee shops, which is anticipated to widen the scope of this market. In addition, China's aging demographics and busy lifestyles are expected to popularize the trend of quick refreshment. This, in turn, has inclined them towards single-serve and quick offerings for household consumption, thereby fueling the market growth in the near future. Moreover, Chinese millennials are significantly contributing to coffee consumption, resulting in about 20% growth. Starbucks’ initial exposure to coffee culture in China and independent beverage shops in cities such as Shanghai and Beijing are driving the culture. This, in turn, is expected to increase the single serve trend, thereby propelling the sales of capsule machines for this beverage. Further key findings from the report suggest: • The global capsule coffee machine market is expected to expand at a CAGR of 13.3% from 2019 to 2025 • The commercial application segment was valued at USD 109.2 million in 2018, whereas the household sector is expected to witness the fastest growth during the forecast period • Asia Pacific is the fastest growing region for capsule coffee machines, expanding at a CAGR of 12.7% from 2019 to 2025 • Top players’ operating in the market are Keurig Green Mountain, Inc.; Nestlé Nespresso SA; Dualit Limited; Jacobs Douwe Egberts Pro; Starbucks Corporation; Dunkin Brands; LUIGI LAVAZZA SPA; Koninklijke Philips N.V.; and illycaffè S.p.A. To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/capsule-coffee-machine-market/request/rs1 Grand View Research has segmented the global capsule coffee machine market by application and region: Capsule Coffee Machine Application Outlook (Revenue, USD Million, 2015 - 2025) • Household • Commercial Capsule Coffee Machine Regional Outlook (Revenue, USD Million, 2015 - 2025) • North America o U.S. • Europe o Germany o U.K. • Asia Pacific o Japan o China o India • Central & South America o Brazil • Middle East & Africa For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/6385/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Capsule Coffee Machine Market Size Worth $1.78 Billion By 2025 Submitted on: July 23, 2020 10:32:13 AM Submitted by: sitakant On behalf of: www.prhub.com |