The National Coffee Association states that a third of American consumers owned a single-serve coffee maker in 2017, relatively higher cost notwithstanding. The quality, efficiency, and diverse choices offered in the single serve coffee maker are responsible for the growth witnessed in the single-serve coffee maker market. The single-serve coffee maker is anticipated to grow at a robust rate of more than 7% from 2017 to 2026, making it a highly lucrative opportunity for all stakeholders.
12 Oz. Segment Key in the Single-serve Coffee Maker Market
The 12 oz. segment had a volume share of more than 2/5th of the global single serve coffee maker market at the end of 2017 and is likely to gain substantial BPS going forward. The 12 oz. segment is on track to create an absolute dollar opportunity of more than 22,000 ‘000 units for the eight-year period from 2017 to 2026. North America is expected to remain critical in the 12 oz. segment for the duration of the forecast period.
10 Oz. Segment Close Second in the Single-serve Coffee Maker Market
The 10 oz. segment had a volume share of slightly over a third of the single serve coffee maker market in 2017 and should gain modest BPS over the medium term. North America alone accounts for approx. 2/5th of the single serve coffee maker market and is on track to push past 14,850 ‘000 units by the end of 2026, making it well worth the while of major companies. Along with North America, companies would do well to target Europe as it is poised to grow with the second highest CAGR in the forecast period.
Niche Opportunity in 8 Oz. Segment of Single-serve Coffee Maker Market
The 8 oz. segment has single digit volume share in single serve coffee maker market and is projected to lose sizeable share in the near future. North America and Europe lead the 8 oz. segment by a considerable margin as they are the only two regions assessed to grow past 1800 ‘000 units by end 2026. Between the two, North America is much larger and is assessed to grow faster as well.
E-commerce Dominant Sales Channel in Single-serve Coffee Maker Market
The ecommerce segment had a volume share approaching 2/3rd of the global single serve coffee maker market in 2017 and is predicted to gain significant market share. The proliferation of smartphones and rapidly improving 4G LTE connectivity coupled with falling prices are fuelling the growth of ecommerce, assisting impulse purchases of devices such as single-serve coffee makers. Boutique channels represent a fifth of the global single serve coffee maker market but are forecast to lose market share. The boutique segment is popular in North America and Europe as consumers there are less price sensitive and are more willing to try out premium products that focus more on quality over cost.
Competition Dashboard in the Single-serve Coffee Maker Market
The companies profiled in the single serve coffee maker market report are Keurig Green Mountain, Nestlé Nespresso S.A., Hamilton Beach Brands, BUNN, Sunbeam Products, LUIGI LAVAZZA SPA, De’Longhi Appliances S.r.l., JURA Elektroapparate AG, The Black & Decker Corporation, and Cuisinart.
The growing popularity of single serve coffee makers is quite surprising considering the cost of such a habit. For many consumers though, the diverse array of choices, quality, and efficiency offered by single serve coffee makers spurs demand in the single serve coffee makers market. The National Coffee Association estimates that 70% of Americans are aware of single serve coffee makers with a third of them using the makers in 2017. Persistence Market Research, in its upcoming report titled ‘Single Serve Coffee Makers Market: Global Industry Analysis (2012-2016) & Forecast (2017-2026)’ has undertaken an in-depth study of the single serve coffee maker market. The single serve coffee maker market has been thoroughly assessed with the historical four-year study period being compared and contrasted with the forecast period to present all possible insights to readers.
The single serve coffee maker market begins with a concise yet comprehensive executive summary. The summary comprises all the information a reader pressed for time may deem necessary in an easy-to-understand and logical format. The executive summary is followed by an introduction consisting of a thorough definition coupled with the taxonomy on the basis of which the global single serve coffee maker market has been analyzed.
Single Serve Coffee Maker Market taxonomy
The report has used key metrics such as absolute dollar opportunity, CAGR, and Y-o-Y growth rates to allow readers to gauge all the qualitative and quantitative aspects pertaining to the single serve coffee maker market. The report has an exhaustive assessment of the relationship between different nodes of the value chain and has focused on the existing cost structure within the single serve coffee maker market. Raw material source analysis, pricing analysis, and a distributor list are all included in this informative section of the single serve coffee maker market report. The presence of market participants in terms of a regional intensity map concludes this portion of the single serve coffee maker market report.
The single serve coffee maker market has been assessed on the basis of sales channel, brew size, and region. Every segment has a dedicated report section that highlights regional market share and revenue statistics. For key stakeholders seeking to target only a particular sales channel or brew size, this chapter of the single serve coffee maker market report can prove vital. The single serve coffee maker market report has given an adequate emphasis on both developed and emerging economies with the former being North America, Europe, and Japan, and the latter APEJ, MEA, and Latin America. Revenue for the most important countries in every region are mentioned in this section. Companies that aim to target fast-growing economies with the maximum future potential are advised to refer to this section of the single serve coffee maker market report.
A competition analysis is imperative in the single serve coffee maker market and the competition landscape serves this objective. A broad company overview, financials, recent developments, and long and short-term strategies adopted are par for the course. It is highly recommended to refer to the competition SWOT analysis as it can help both incumbents as well as new entrants in the single serve coffee maker market devise their investment plans with a reasonable degree of confidence.