Capsule Coffee Machine Market size is poised to reach USD 15 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of capsule coffee machine was around USD 6 Billion. The market's expansion can be ascribed to the rise in cafes and eateries around the world as well as the popularity of getting coffee out, both of which have prompted the installation of quick brewing equipment in the commercial sector for their customers. The coffee industry in the US generated close to 82 billion dollars in revenue in 2021, and there were 38.4 thousand coffee shops there.
In addition, the growing popularity of fast grabs and workplace breaks, especially among millennials, is propelling this market due to the benefits of increased energy, less stress, and improved mental alertness.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~ 8% |
|
Base Year Market Size (2023) |
~ USD 6 Billion |
|
Forecast Year Market Size (2036) |
~ USD 15 Billion |
|
Regional Scope |
|
Type (Closed-Source System, Open-Source System, Drip Filter)
The drip filter segment in the capsule coffee machine market is anticipated to hold a share of 48% during the forecast period. Drip filter machines are well-liked by both coffee connoisseurs and casual customers because they provide a straightforward and practical brewing process. Their broad use has been facilitated by their simplicity of use and reliable outcomes. The affordability of drip filter devices is another factor promoting market expansion. Drip filter machines have become a popular option for individuals looking for a high-quality cup of coffee without the need for complicated brewing methods as a result of the growing interest in specialty coffee and home brewing.
Application (Household, Commercial)
Capsule coffee machine market from the commercial segment is expected to hold a share of 53% during the forecast period. Quick brewing machines are being used more frequently to meet the demands of busy customers as the number of cafes and restaurants has expanded in France, Italy, the United States, India, and other countries. Cafes cannot function without capsule coffee makers. Due to this beverage's benefits for strengthening the intellect and relieving stress, workplace breaks and short grabs are becoming an increasingly popular trend. According to estimates, 18.2 million individuals in France drank coffee capsules, pods, cassettes, or caplets in 2020. The easy use of these capsules, which provide a drink with superior flavor and a wide range of tastes, has increased their use in the commercial sector.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Application |
|
European Market Forecast
Europe capsule coffee machine market is anticipated to hold a share of 36% during the forecast period. The market for capsule coffee machines in this region is being driven by rising coffee consumption and changing flavour preferences. Germany, the United Kingdom, Switzerland, and Finland are among the nations that are assisting in the expansion of this sector. The European market is being driven by an increasing number of consumers who are willing to pay high costs for premium and specialty beverages as well as K-Cups, as seen in cafes, small roasters, and baristas. As per a report, 3,252 thousand tonnes of coffee, or 32% of the world's total consumption, were consumed in Europe in 2021. As a result, Europe has the biggest market for coffee globally.
APAC Market Statistics
Asia Pacific region is expected to account for 28% share of the global capsule coffee machine market during the forecast period. These capsule machines have begun to be sold on a large scale in the area thanks to growing customer awareness of technologically advanced products. Due to evolving cultural trends and rising propensity for coffee consumption, developing nations like China and India are anticipated to contribute to the expansion of the regional market. Also, the region generated the revenue of 23.2 billion in 2023 in the coffee industry. Thus, these factors are escalating the market growth in the region.
Author Credits: Anil Kumar, Ipsheeta Dash
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?