The global coffee capsule market is expected to register high growth in the forecoming years. Major factors driving growth of the global coffee capsule markets, increase in demand for coffee in hotels, restaurants, office cafeterias etc., increasing population, changing lifestyle, changing consumer preferences. Further, other factors such as the availability of wide-range of coffee type, flavours and brewing styles, rising urbanization & disposable incomes, and increasing number of food outlets, retail stores and cafes are driving the global coffee capsule market growth.
The global coffee capsule market report has been segmented on the basis of product type, application, and region.
On the basis of product type, the global coffee capsule market has been segmented into closed source system and open source system.
On the basis of application, the global coffee capsule market has been segmented into household and commercial. The commercial segment is estimated to account for significant market in global coffee capsule market, due ease-of-use of coffee capsule products coupled with high adoption rate in offices and commercial space.
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On the basis of region, the global coffee capsule markets segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific coffee capsule market is expected to account for highest CAGR in the global market in terms of revenue due to growing population, changing lifestyle and consumer preferences. The market in China and India currently account for largest revenue share in the Asia Pacific market due to growing number of large middle-class young professionals and consumer base, are witnessing high coffee capsules consumption.
Key players operating in the global coffee capsule market include Keurig, Incorporated, Nestlé Nespresso S.A, Lavazza Premium Coffees Corp., illycaffè S.p.A., and Eupa International Corp.