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: Parul Atri
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