The global pod coffee machine market is expected to experience a compound annual growth rate of 7.55 % during the forecast period from 2023-2028.
The growth will be driven by an increasing demand from consumers for convenient and high-quality coffee. In addition, the market is expected to be supported by rising demand for specialty coffee, increasing preference for single-serve coffee machines, and rising disposable incomes. Moreover, the increasing trend of home-based cafes is expected to fuel the growth of the market over the forecast period.
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Market Segmentation:
By type, the capsule segment held the largest share of the market in 2020 and is expected to remain the fastest-growing segment during the forecast period. This is mainly due to increasing demand for capsule coffee makers, which offer convenience and variety in coffee.
By end user, the household segment held the largest share of the market in 2020 and is expected to remain the fastest-growing segment during the forecast period. This is mainly due to increasing demand for convenience and easy-to-make coffee in households.
By distribution channel, the online sales segment held the largest share of the market in 2020 and is expected to remain the fastest-growing segment during the forecast period. This is mainly due to the availability of a wide range of pod coffee machines on e-commerce platforms and the increasing trend of online shopping.
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Regional Analysis
By region, the North American region held the largest share of the market in 2020 and is expected to remain the fastest-growing region during the forecast period. This is mainly due to the presence of key players in the region, increasing demand for specialty coffee, and rising disposable incomes.
Key Players:
The major players in the market are Nestlé, Starbucks, Illycaffè, Tchibo, Kraft Foods, and The J.M. Smucker Company. These players have adopted various strategies such as product launches, mergers and acquisitions, collaborations, and partnerships to strengthen their position in the market.
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Reasons to Purchase this Report
• To understand the impact of various drivers, restraints, and trends on the market
• To analyze the segments and sub-segments of the market
• To gain insights into the competitive landscape of the market
• To gain insights into the regional market
• To track and analyze recent developments in the market
• To gain insights into the market dynamics
TOC:
1. Executive Summary
1.2 Global Market Outlook
1.3 Demand Side Trends
1.4 Supply Side Trends
1.5 Recommendation and Analysis
TOC Continued…
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