Single Serve Coffee Maker Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
Single-Serve Coffee Makers: Brewing Success in an Evolving Market Landscape
The single-serve coffee maker market continues to percolate with growth opportunities, driven by consumer preferences for quality, efficiency, and diverse choices. According to the National Coffee Association, a third of American consumers embraced single-serve coffee makers in 2017, despite their relatively higher cost.
12 Oz. Segment Emerges as Key Player
The 12 oz. segment commands a significant volume share, comprising over 2/5th of the global single-serve coffee maker market. Projections indicate substantial growth, with an absolute dollar opportunity exceeding 22,000 ‘000 units from 2024 to 2031, particularly fueled by North America.
10 Oz. Segment Close Behind
Following closely, the 10 oz. segment captures over a third of the market share, with North America leading the charge towards surpassing 14,850 ‘000 units by 2031. European markets also show promising growth potential, suggesting a ripe opportunity for major companies.
Niche Opportunity in 8 Oz. Segment
While the 8 oz. segment presents a niche opportunity, it is expected to face challenges in maintaining its share. Nevertheless, North America and Europe remain key regions for growth in this segment.
E-commerce Dominates Single-Serve Coffee Maker Sales
New data reveals that e-commerce reigns supreme in the single-serve coffee maker market, capturing nearly 2/3rd of global sales in 2023. This trend is expected to strengthen, fueled by the widespread use of smartphones and improving connectivity. Lower prices are also driving impulse purchases online.
Boutique Channels Face Decline
In contrast, boutique channels, which hold a fifth of the market, are forecasted to lose ground. While popular in North America and Europe, these channels cater to consumers less sensitive to price, focusing on premium products emphasizing quality over cost.
Competition Analysis
Leading companies are actively shaping the market with innovative offerings. Boutique channels, while representing a fifth of the market, are expected to experience a decline in market share.
As the single-serve coffee maker market continues its upward trajectory, companies are urged to leverage emerging trends and capitalize on untapped opportunities to brew success in this dynamic industry.
The Key Companies Are:
• BUNN-O-Matic Corporation
• Sunbeam Products, Inc.
• LUIGI LAVAZZA SPA
• De’Longhi Appliances S.r.l.
• JURA Elektroapparate AG
• Spectrum Brand Holdings, Inc.
• Krups GmbH
• Others.
Single Serve Coffee Maker Market Segmentation
Brew Size
• 8 oz.
• 10 oz.
• 12 oz.
• More than 12 oz.
Sales Channel
• E-Commerce
• Boutiques
• Others
Region
• North America
• Latin America
• APEJ
• Japan
• Europe
• MEA
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