The Global Capsule Coffee Machine Market, as per a report by Market Research Future (MRFR) is touted to register a CAGR of 7.86%, surpassing a valuation of USD 8,261.4 Million during the forecast period (2014-2025). The capsule coffee machine market is likely to gain huge attention in the foreseeable future and is gaining huge popularity due to the convenience it offers. With the surging demand for coffee across the globe, the sales of capsule coffee machine have increased globally.
The surging adoption of innovative products is likely to offer lucrative growth opportunities to the overall market. Constant advancements made in the capsule machine technology upgraded with innovative concepts, latest features, and applications are evolving to offer improved quality and capacity, with low maintenance cost and minimum energy consumption. Thus, advancing technology in capsule coffee machine will encourage the market growth across the globe.
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The capsule coffee machine market has been segmented on the basis of type and application.
By type, the market is segmented into open-sourced system and closed-source system.
By application, the market comprises commercial and household.
Industry Key Players
The top players operating in the capsule coffee machine market include Jacobs Douwe Egberts B.V. (Netherlands), Nestlé S.A. (Switzerland), Kraft Heinz Company (US), Keurig Dr. Pepper, Inc. (US), Luigi Lavazza S.p.A. (Italy), Illycaffè S.p.A. (Italy), Bradshaw Home, Inc. (US), Dualit Limited (UK), Pacific Coffee Co. Ltd (Hong Kong), Ningbo Aaa Group Electric Appliance Co. Ltd. (China), and Starbucks Corporation (US).
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The market in the Asia Pacific will register the highest CAGR of 8.55%, mainly due to the rising consumption of coffee, especially in emerging markets like India and China. Also, the rise in per capita income of the regional population will influence the market growth to a large extent. Increased consumer awareness regarding technologically advanced products has further initiated the sales of such capsule machines on a large scale. Rising inclination towards consumption of coffee and surging cultural trends are influencing the market growth in the region.
Considering the global scenario, the capsule coffee machine market in the regions of North America is predicted to garner the largest share, in terms of volume as well as value. The region acquired a share of 34.84% in 2018. In this region, the U.S. is likely to be the major contributor.
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