Oct 29, 2021 (AmericaNewsHour) -- Research Nester published a report titled "Capsule Coffee Machine Market: Global Demand Analysis & Opportunity Outlook 2028" which delivers a detailed overview of the capsule coffee machine market in terms of market segmentation by type, by application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter's five force model.
With the development of automatic coffee machines, simple, easy, and enchanting coffee today is only a press of the button away. Today, we have a range of easy to use and easy to clean automatic capsule coffee machines available in the market which uses special coffee capsules, a pre-portioned container made of aluminum or plastic for single-serve, to brew coffee.
The capsule coffee machine market is expected to observe an attainable high CAGR during the forecast period, i.e., 2020-2028. The market is segmented by type, application, and region. Among product applications, the commercial segment is anticipated to dominate the global market share owing to an expansion in the number of cafes, restaurants, and eateries globally, increasing prevalence of coffee outings, which has lead to installations of quick brewing machines in commercial sectors for their customers. The household segment is expected to exhibit the fastest growth in the forecast period on account of individuals seeking cafe style coffee at the comfort of their households. Consumers in western nations prefer home-brewed coffee, which in turn, is anticipated to fuel market growth.
"The Final Report will cover the impact analysis of COVID-19 on this industry."
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Regionally, the capsule coffee machine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.
North America and Europe account for major coffee consumption. North America is majorly dominated by the USA. Europe holds the largest market share led by Switzerland, Italy, Germany, and others. The growth is credited to the growing number of European consumers who are willing to pay for high prices for specialty beverages and escalating rate of emerging cafes and eating outlets in the region.
The Asia Pacific is expected to witness the fastest growth in the forecast period owing to rising awareness among individuals about various innovative coffee machines, escalating coffee intake, the emergence of more cafes and restaurants, and shifting cultural trends.
Growing coffee consumption around the world to boost the global capsule coffee machine market
With rising disposable income and technical know-how, coffee lovers have found a way to cater to their needs by brewing their favorite coffee at their households. Coffee consumption has widely expanded across the world and consumers are preferring capsule coffee machines for their convenience.
Additionally, the increase in disposable incomes in developing economies, rising awareness related to advanced technology and specifications available, and growing need for a wide variety of coffee blends have contributed towards the market growth significantly.
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However, the high cost associated with buying capsule coffee and capsule coffee machines might hamper the overall market growth.
This report also provides the existing competitive scenario of some of the key players of the capsule coffee machine market which includes company profiling of Koninklijke Philips N.V. (ams:PHIA), Keurig Green Mountain, Inc. /zigman2/quotes/201754990/composite KDP +0.51% , illycaffe S.p.A., LUIGI LAVAZZA SPA, Dualit Limited, JACOBS DOUWE EGBERTS, Pacific Coffee Co. Ltd., Starbucks Coffee Company /zigman2/quotes/207508890/composite SBUX -0.27% , Nestle Nespresso SA (swx:NESN). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the capsule coffee machine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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