Portable Coffee Makers Market-Overview
The Portable Coffee Makers Market is projected to reach USD 5.9 billion by 2030, with a CAGR of 6.34% during the forecast period.
The surging demand from coffee consumption is predicted to promote the portable coffee maker market. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets.
The improved retail distribution channels globally are estimated to promote the development of the Portable Coffee Makers Market in the coming period. The increased preference for coffee is predicted to enhance the forecast period's portable coffee makers market share.
Segmental Analysis
The segmental overview of the portable coffee makers market is conducted on the basis of type, category, end-use, distribution channel and region. The type segment of the portable coffee market consists of manual and automatic. The category segment of the portable coffee market consists of the premium market and mass market. The distribution channel segment of the portable coffee market consists of in-store and non-in-stores. The store sub-segment is further segmented into specialty stores, hypermarkets and supermarkets. The end-user type segment of the portable coffee market consists of home, food service, corporate, and away from home. The region segment of the portable coffee market consists of Europe, Asia Pacific, North America and other vital regions.
Detailed Regional Analysis
The regional study of the portable coffee market consists of Europe, Asia Pacific, North America and other vital regions. The Europe Portable Coffee Makers Market was accountable for the central portion of the market due to the high drinking frequency of coffee in the region, both while journeying and at home. Germany, shadowed by the national markets of France and Italy, is among the profitable markets for producers in the region. The development strategies and the steady introduction of market members' products have also accelerated sales of portable coffee manufacturers in the European region. The Asian Pacific portable coffee market is likely to display the maximum growth in the forecast period. Japan, India, and China are among the main coffee markets in the Asia Pacific region due to the huge population and the exponential upsurge of coffee drinking in these nations in recent years. The influences such as rapid urbanization, an upsurge in per capita disposable revenue, and an intensification in call for soft drinks are estimated to drive the development of the portable coffee market in the region.
Competitive Analysis
The major corporations in the market are estimated to engage in strategies that will fortify and enhance their global position through mergers and new product launches. The improved spending by businesses on research and development is estimated to spur the market's advance further. The market is projected to see a turbulent growth phase ahead as the return to normalcy may occur in a staggered manner. Many countries are lifting or imposing lockdown measures intermittently, which may lead to slower market progress. Governments worldwide are expected to amplify as they are motivated to get the economic recovery back on track. The investment in developing e-commerce channels as well as the distribution network is predicted to accelerate global growth. Several countries' easing of regulatory measures is predicted to promote the market's resurgence in the upcoming years. The advanced utilization of raw materials effectively is predicted to create avenues for development in the forecast period. The focus on sustainability-related goals is estimated to streamline the next phase of development in the global market.
The foremost players in the portable coffee machine market are Keurig Green Mountain, Inc. (the USA), Electrolux AB (Sweden), Wacaco Company Limited (Hong Kong), Newell Brands (USA), Koninklijke Philips NV (Netherlands), illycaffè SpA (Italy), Hamilton Beach Brands, Inc. (the USA), Robert Bosch GmbH (Germany), Nestlé SA (Switzerland), Dualit Limited (United Kingdom), and Handpresso Sas (France).
Industry Updates:
Oct 2020 GoSun's portable brewer launched lately can make an excellent cup of coffee or tea, from beginning to conclusion, in an all-in-one cup. The power for the device comes from a 130W Heater and a combined French press which have been fused into a doubled insulated mug that will brew the drink and keep the drink warm for hours. It can easily brew fresh coffee in as little as 15 minutes.
Oct 2020 Nesting Cafe, conceived by Songhwa Park, reinterprets the famous Matryoshka doll by connecting a capsule coffee maker to the interior of its steel tumbler and detachable wooden cup. The backside of the wooden cup uses a magnet to attach to the coffee maker steadily. The overall product includes its carrying case, which comprises a leather strap for easy conveyance and the section for pods to brew coffee, a tumbler, which fills up with coffee once prepared, and finally, the detachable wooden mug which delivers an extra option from which to drink.
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