(MENAFN - GetNews) Global Capsule Coffee Machine Market: Information by Type (Closed-Source System and Open-Source System), Application (Household and Commercial) and Region (North America, Europe, Asia-Pacific, Central & South America and Middle East & Africa) - Forecast till 2025
Capsule Coffee Machine Market Overview:
Capsule coffee machines are also known as pod filter machines. Such machines brew coffee by forcing heated water through a small container of ground coffee. In the capsule coffee system, the coffee is shrink-wrapped in a capsule instead of filter paper. Such types of machines are automatic single-serve coffee makers. These machines are highly efficient units and are compact and lightweight. Additionally, these single serve coffee machines are eco-friendly as they are available with an automatic power-off function which aids in limiting power consumption. Owing to such benefits, the demand for these machines is increasing in households and the commercial sector. However, the price constraints of coffee capsules are expected to hamper market growth.
North America was the largest market for capsule coffee machines in 2018 and the regional market is expected to maintain its dominance during the review period. Europe held a significant market share and was the second-largest market for capsule coffee machines in 2018. In Europe, the market in Russia is projected to exhibit the highest growth rate of 8.21% during the forecast period. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing demand for coffee machines in tier-1 and tier-2 cities and rising per capita disposable incomes in countries such as China, India, and Japan are expected to drive market growth in the region.
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Key Findings of the Study:
- The household segment is projected to dominate the global capsule coffee machine market, by type, during the forecast period.
- Some of the players operating in the capsule coffee machine market are Nestlé S.A. (Switzerland), Jacobs Douwe Egberts B.V. (Netherlands), Keurig Dr Pepper, Inc. (US), and Kraft Heinz Company (US).
Key Players Analysis
Market Research Future recognizes 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) and Starbucks Corporation (US) as the key players in the global capsule coffee machine market.
The GlobalCapsule Coffee Machine Markethas also been segmented by type and application.
By type, the global capsule coffee machine market has been classified as closed-source system and open-source system. The closed-source system segment accounted for the larger market share in 2018. However, the open-source system is projected to register the higher CAGR during the forecast period.
Based on application, the global capsule coffee machine market has been divided into household and commercial. The household segment accounted for the larger market share in 2018 and is projected to exhibit the higher CAGR during the review period.
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The global capsule coffee machine market has been segmented, based on region, into North America, Europe, Asia-Pacific, Central & South America, and the Middle East & Africa.
The North American capsule coffee machine market is expected to be the largest, both in terms of value and volume, during the forecast period. The region accounted for 34.96% of the total market share in 2018.
Europe is expected to hold a prominent share of the global capsule coffee machine market during the review period. In Europe, the market in Russia is projected to exhibit the highest growth rate of 8.21% during the forecast period. The growth of the capsule coffee machine market in Europe can be attributed to the increasing demand for different flavors and packaging options, development of new products with technological upgrades, and increasing demand for easy-to-use capsules, pod coffee machines, and automatic bean-to-cup machines. Strategic partnerships and collaborations between major players are likely to contribute to the growth of the market in the region.
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