Bizizz Market Research has recently published a research report, “Capsule Coffee Machine Market By end-user Type (Commercial and household), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Capsule Coffee Machine Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 6.2 Bn by 2027, witnessing a CAGR of 8.0 % during the forecast period. Key drivers of the market are increased consumption of coffee and product innovations.
Globally the consumption rate of coffee is rising because of its uniqueness. Moreover, the demand of innovative coffee products are also in advent in the market contributing to the higher levels of demand for these new products. The demand for coffee is accounted higher estimated for about 80% of the US populations consuming this beverage frequently. As the weight of capsule coffee machine is lighter and easy to operate the market growth is higher during the forecast period.
The Capsule Coffee Machine market is anticipated to register a CAGR of over 8.0% during the forecast period.
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By End-user, commercial segment held a key share in Global Capsule Coffee Machine Market in 2018.
The demand of the capsule coffee machine is observed to be higher by the commercial segment by an increased consumption of coffee by the customers globally. The consumption of coffee could be attributed to the increase in the working hours of employees are increasingly demanding for the break and relaxing coupled with coffee consumption during the working hours that shall propel its market growth. Moreover the number of coffee shops and restaurants are contributing to the demand of capsule coffee machine products in the market.
Europe is Anticipated to Dominate the Global Capsule Coffee Machine Market during the Forecast Period.
The European market is leading in the demand for the capsule coffee machine because of large number of customer base that is consuming coffee in this region. The region also known for its variety of coffee products that stimulates the market growth of capsule coffee machine products. Increasing number of customers who are preferring different flavors and luxurious beverages is propelling the demand of capsule coffee machine in the European region.
Global Capsule Coffee Machine market is competitive in nature coupled with innovative offerings to the customers of capsule coffee machine. Moreover, there is an increasing investments made by the companies in offering capsule coffee machine that are imparted with different features.
Prominent players operating in the Global Capsule Coffee Machine Market are Jacobs Douwe Egberts Pro., Dualit Limited, Keurig Green Mountain, Inc., illycaffè S.p.A., Koninklijke Philips N.V., Nestlé Nespresso SA, LUIGI LAVAZZA SPA, Dunkin Brands, Starbucks Corporation, among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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