Global Coffee Pod Machine Market 2018 2022
About Coffee Pod Machine
A coffee pod machine is a cooking appliance that uses pre-packaged ground coffee beans pack or containers called pods, to brew coffee on a single-serve basis.
Technavio’s analysts forecast the global coffee pod machine market to grow at a CAGR of 5.88% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global coffee pod machine market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Coffee Pod Machine Market 2018 2022
Technavio recognizes the following companies as the key players in the global coffee pod machine market: BUNN, JACOBS DOUWE EGBERTS, Keurig Green Mountain, LUIGI LAVAZZA, and Nestlé.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of aspirational coffee consumption among millennials. Coffee brands such as Keurig and Starbucks provide an aspirational value to the millennials. Consumers aspire for high brands or products that they wish to purchase but they are financially unable to purchase. This creates an aspirational audience that wishes to own any brand or product in the future.”
According to the report, one driver in the market is increasing strategic partnerships resulting in assorted coffee varieties in pods. Vendors are steadily engaging in strategic partnerships that result in varied offerings of coffee pod brands. These partnerships are consequent in varied coffee flavors and varieties that ease the consumers in choosing from a wide range of coffee pod varieties.
Further, the report states that one challenge in the market is premium price of coffee pods. One of the key challenges for the global coffee pod machine market is the premium prices of the coffee pods. Coffee pods are costlier than alternative options of ground coffee or whole coffee beans. The high costs of coffee lead to an increase in the overall operating cost of the global coffee pod machine market.
BUNN, JACOBS DOUWE EGBERTS, Keurig Green Mountain, LUIGI LAVAZZA, and Nestlé.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook