August, 2023 - Market Research Future has published a Report on the Global Capsule Coffee Machine Market
The global capsule coffee machine market is expected to reach USD 9.3 Billion by 2030, registering a healthy CAGR of 7.86% during the forecast period. Recent years have seen an explosion in the number of people consuming coffee. The rising popularity of beverages, especially coffee, has created a demand for coffee making machines that are compact, easy to use, lightweight, and have low to no maintenance. Coffee capsule machines run on electricity and can be placed on kitchen countertops. Their use is hassle-free and quick. These machines are easy to clean and maintain. The capsule machines occupy very little space. The consumers of coffee are keen on creating a café like atmosphere in homes, and capsule coffee machines provide quality, variety, and efficiency in single coffee serving. Furthermore, large organizations are expected to be stocking coffee to keep employers energetic for their workday. All the above contributing factors will increase the capsule coffee machine market size.
The major coffee consumers are spread in North America, Asia-Pacific, Europe, Central & South America, the Middle East & Africa, and the rest of the world. The market is expected to raise the market share value by 34.85%, with the US being the top contributor. It is anticipated that during the forecast period, the Asia-Pacific region will register an 8.55% CAGR and a significant reason for this growth is the surging population of coffee drinkers. Capsule coffee machine manufacturers and more effective investments in the Middle East & Africa will help in the exponential growth of this market.
The capsule coffee machine market is segmented by type and application.
Based on the method of coffee extraction, the market is segmented into closed-source and open-source systems. The closed-source system is expected to show a prominent CAGR and is anticipated to achieve USD 9.3 billion by 2030. Closed-source systems utilize only a peculiar machine and specific capsule. The open-source systems are expected to have more excellent sales than the closed-source system owing to the convenience of using these machines.
Based on the application, the capsule coffee machine market is segmented into the household and commercial sectors. Household is anticipated to have a more significant chunk of the market and maintain the lead since coffee consumption is rising in developing economies. The commercial segment will grow with contributions from more restaurants, shacks, and cafes.