Global Single Serve Coffee Maker Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The single serve coffee maker market is anticipated to expand at a CAGR of around 7.3% during the forecast period, between 2020 and 2026. The growth of the market is attributed to diverse choices offered in the single serve coffee makers. Additionally, efficiency and quality of these coffee makers is also one of the factors boosting the growth of the market. The preference of consumers for coffee is also propelling the growth of the market. However, ready-to-drink coffee packets are giving tough competition to the market, thus hampering the growth of the market.
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Coffee makers are the appliances which are used to brew coffee. Single serve coffee maker is a method to brew coffee which prepares coffee only enough for a single portion. These makers are simple and reduce time for preparation of coffee. It eliminates the need of measuring flavors, portions, and additives from large bulk containers. It has another advantage of keeping the unused products fresh by packing individual portions separately and not exposing the entire batch to light and air.
Single serve coffee makers have different systems such as coffee capsules, coffee pods, and coffee bags. The water heats up and passes the heating element when it reaches a perfect temperature. The pressure is increased when the water is passed through a narrow needle. The ground coffee in the pod pumps the high pressure and hot water. Thus, the coffee is then dripped into a mug.
Market Trends, Drivers, Restraints, and Opportunities:
- Surging disposable incomes in the developing and developed countries is the primary factor which is propelling the growth of the market.
- Transformation of living styles of people and working style of corporate offices is driving the growth of the market.
- Increasing demand of coffee has made coffee a part of social daily life of people across the globe, especially for generation Z. Thus, it fuels the growth of the market.
- Rising efficiency and quality of single serve coffee makers and the property to keep the unused supply batch fresh are also the major factors boosting the growth of the market.
- Increasing choices and systems available in the market is also driving the growth of the global single serve coffee maker market.
- Many customers prefer to prepare coffee at home or use ready-to-drink packets. This is the major factor which is restraining the growth of the market.
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Competitive Landscape:
Major companies in the global single serve coffee maker Market include Keurig Green Mountain, Nestlé Nespresso S.A., Hamilton Beach Brands, BUNN-O-Matic, Sunbeam Products, LUIGI LAVAZZA SPA, De’Longhi Appliances S.r.l., JURA Elektroapparate AG, Spectrum Brand, Krups, The Black & Decker Corporation, and Cuisinart. The market has witnessed high competition with key players using different strategies. The companies are using strategic acquisitions such as expansions, capital investments, product innovations, new products, collaborations, mergers & acquisitions, and strategic partnerships.
The global single serve coffee maker market has been segmented on the basis of
Types
- 8 Oz
- 10 Oz
- 12 Oz
- More Than 12 Oz
Applications
- E-Commerce
- Boutiques
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Single Serve Coffee Maker Market Overview
- Global Single Serve Coffee Maker Market Analysis and Forecast by Type
- Global Single Serve Coffee Maker Market Analysis and Forecast by Application
- Global Single Serve Coffee Maker Market Analysis and Forecast by Sales Channel
- Global Single Serve Coffee Maker Market Analysis and Forecast by Region
- North Single Serve Coffee Maker Market Analysis and Forecast
- Latin Single Serve Coffee Maker Market Analysis and Forecast
- Europe Single Serve Coffee Maker Market Analysis and Forecast
- Asia Pacific Single Serve Coffee Maker Market Analysis and Forecast
- Middle East & Africa Single Serve Coffee Maker Market Analysis and Forecast
- Competition Landscape
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