Categories: Consumer Goods | Format :
Pod Coffee Machines Market Overview:
The report titled “Global Pod Coffee Machines Market - Growth, Share, Opportunities, and Competitive Analysis, 2021 – 2027” offers strategic visions into the global pod coffee machines market along with the market size (Volume in ‘Units” and value in “US$ Mn”)) for the historical period 2016-2020 and estimates for the forecast period 2021 to 2027. This study covers an in-depth analysis of multiple market segments based on type, application, and sales channel across five different regions covering 20+ countries.
Furthermore, insights associated with critical factors facilitating the market during the forecast period 2021-2027 have also been covered. The report also provides the impact of COVID-19 on the pod coffee machines market in the short, medium, and longer term.
Pod Coffee Machines Market Dynamics
The coffee brewing business has been evolving in terms of technical developments, novel product releases, and utilization. The coffee machine market comprises hotels, restaurants, cafés, and businesses that sell coffee equipment like Pod Coffee Machinery and related services. These pod coffee machines save the time and effort required to make coffee in coffeehouses and business cafeterias. In addition, millennials' growing need for non-alcoholic beverage drinks, consumer accepting of low-sugar and non-alcoholic drinks, hectic work schedules, and changing consumer taste contribute to the rise in popularity of fast non-alcoholic beverages like coffee.
Coffeehouses are investing inadequate equipment and inventing new ways to provide better-tasting coffee and more efficient other choices, such as coffee pods. Due to the rise in coffee culture and the spread of coffee shops and pod systems, Pod coffee machines have witnessed surging demand. Mechanical advancements are also propelling the market forward, with a surge in demand for automated pod coffee machines stimulating the market's growth. Over the forecast period of 2021 to 2027, the worldwide pod coffee machines market is predicted to grow at a CAGR of 7.39 and 7.55 percent in terms of value and volume, respectively.
COVID-19 Impact Analysis
The consequences of the COVID-19 breakout have been extensively chronicled, as it wreaked havoc on a wide range of sectors, halting some and severely reducing the capacity of others to function. Several enterprises, including hotels and restaurants and the education sector, are among the top customers of POD Coffee Machines.
As a result, covid-19 has had a detrimental influence on the commercial end-users of the POD Coffee Machine market. Furthermore, the manufacturer was unable to source components and deliver finished items due to the disruption in the supply chain. However, the rise of the work-from-home idea raised the demand for POD coffee machines among residential end-users. As a result, several manufacturers witnessed increased POD coffee machine sales. Therefore, to summarize, COVID-19 had a moderate influence overall.
Segmental Analysis:
How does the potential demand for open source pod coffee machines impact the overall Pod Coffee Machines Market?
Due to increased demand and wide adoption of open source pod coffee machine systems, the open-source system is projected to rule the market throughout the forecast period. The major reason that open source machines are more popular than closed source machines is that they may be used with a range of pod coffee capsules rather than being confined to a single machine that takes certain pods. This hybrid strategy has also allowed local pod coffee farmers to sell their products while also benefitting the family members' tastes.
Research Informatic forecast the open-source segment to grow with an impressive CAGR/growth rate during the forecast period and is expected to 8.75 percent and xxx% in terms of value and volume respectively by 2027 end.
How has the online sales channel bloomed the global demand for pod coffee machines?
Amazon, eBay, and Flipkart are just a few examples of third-party E-commerce enterprises that provide things at relatively low costs. Banks also provide a variety of offerings, such as discounts, cashback, and other incentives. As a result, these incentives frequently lead to the buyer purchasing the items. Furthermore, internet shopping is becoming more popular since it offers a wide range of products and is quite convenient.
Research Informatic forecasts the online sales channel to grow with an impressive CAGR/growth rate during the forecast period and is expected to xxx percent and 8.48% in terms of value and volume respectively by 2027 end.
How has work-from-culture influenced the worldwide pod coffee machines market’s household segment’s upward trend?
As a result of a shift in working culture, the consumption of in-house coffee has grown. Furthermore, when the lockdowns were relaxed, the total demand for coffee consumption outside of the home grew. As a result, prominent industry players began investing cash in the POD coffee machine business to produce creative and cheap products to meet the expanding demand.
Research Informatic forecasts the household segment to grow with an impressive CAGR/growth rate during the forecast period and is expected to be valued at xxx% and volume at 8.57 percent by 2027 end.
Regional Analysis:
European region market share of over 28.74% in terms of volume in 2020 is likely to be the fastest-growing region to adopt the dominance during the projection period. This is largely due to the existence of key companies, early recognition of innovation, and the largest consumer base. Germany, the United Kingdom, Switzerland, and Finland support the market's growth. In addition, an increasing number of European customers will spend a large amount of money on premium and specialty beverages and K-Cups at bistros, small roasters, and baristas, bolstering the European market.
Competitive Landscape:
The worldwide pod coffee machine market concentrates on improving its services via research and development operations. It is a highly concentrated market, with the largest businesses having been founded since the 1970s and 1980s.
Nestlé Nespresso S.A., Starbucks Corporation, L'Or Espresso, JAB Holding Company, Philips N.V., Wacaco Company Limited, Tassimo, illycaffe S.p.a., Dualit Limited, Lavazza, Magimix, Ningbo AAA Group Electric Appliance Co., Ltd., and De'Longhi Group are some of the major players. Firms are also attempting to expand their manufacturing capacity and provide unique technologies to meet client demand for pod coffee machines.
For example, Keurig introduced two new 'all-in-one' coffee pod machines for the U.S. market in 2018, which use the company's K-Pod coffee pods to prepare a range of coffee drinks, including lattes and cappuccinos. During the projected period, the worldwide pod coffee machine market is estimated to develop at a CAGR of 7.39 percent in terms of volume and xx% in terms of value.
Table of Contents
Pod coffee machines market is expected to be valued at US$ 38.01 Mn and xxx in terms of volume by 2021 end.
Europe is expected to be dominance during the forecast period 2021-2027
Due to the rise in coffee culture and the spread of coffee shops and pod systems, Pod coffee machines have witnessed surging demand. Mechanical advancements are also propelling the market forward, with a surge in demand for automated pod coffee machines stimulating the market's growth.
Nestlé Nespresso S.A., Starbucks Corporation, L'Or Espresso, JAB Holding Company, Philips N.V., Wacaco Company Limited, Tassimo, illycaffe S.p.a., Dualit Limited, Lavazza, Magimix, Ningbo AAA Group Electric Appliance Co., Ltd., and De'Longhi Group
Due to increased demand and wide adoption of open source pod coffee machine systems, the open-source system is projected to rule the market throughout the forecast period.
Published On:Jan 2022
Base Year:2020
Historical Data:2017 - 2019
No of Pages:250
Pod Coffee Machine Market Size, Share & Trends Ana...
RD Code : CG22