LG Electronics is set to unveil its first-ever capsule coffee machine, DUOBO by LG Labs. LG Labs is LG’s new marketing platform established to deliver experimental and innovative product and service experiences to its customers. DUOBO revolutionizes the coffee brewing process with features and technologies that deliver outstanding convenience and delicious, personalized flavor.
Nescafé Dolce Gusto launches Neo, the brand's next-generation coffee machines and pods. Neo combines high quality, cutting-edge technology, and sustainability to create the ultimate coffee shop-at-home experience. In a Nestlé first, Neo's new range of coffee pods are paper-based, home-compostable, and use 70% less packaging than current capsules.
Author Credits: Anil Kumar, Ipsheeta Dash
Report ID: 2703
Published Date: Oct 09, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Growing consumption of coffee, growing demand for different varieties among consumers, and advancements in coffee capsule machine are some of the factors driving the market growth.
The market size of capsule coffee machine is anticipated to attain a CAGR of 8% over the forecast period, i.e., 2024-2036.
The major players in the market are Nestle Nespresso S.A., LG Electronics, IllycaffÃ¨ S.p.A., Starbucks Corporation, Dunkin' Donuts LLC, Kurasu LLC, Tiger Corporation, Bluematic Japan, Mitsui-Soko Logistics Co., Ltd., Ueshima Coffee Corporation and others.
The commercial segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.
The market in the Europe region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.