Report projects global sales to reach nearly 98,900 thousand units by the end of 2026
Albany, NY -- (SBWIRE) -- 03/29/2018 -- A new research study titled "Global Market Study on Single Serve Coffee Maker: North America to be the Most Lucrative Market During the Period of Assessment (2017 - 2026)" has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). The report projects global sales to reach nearly 98,900 thousand units by the end of 2026. The report projects the global single serve coffee maker market to witness steady CAGR during the assessment period.
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The report is a valuable source of information that offers readers detailed insights on the future of single serve coffee maker market. The key strategies of some of the leading players have been discussed in detail in the report. In addition to highlighting the product and business strategies, the report also delves into the overall financials and other product offerings of the key players. The report profiles some of the leading players operating in the market. Some of these players are Keurig Green Mountain, Inc., Hamilton Beach Brands, Inc., Nestlé Nespresso S.A., BUNN-O-Matic Corporation, LUIGI LAVAZZA SPA, Sunbeam Products, Inc., De'Longhi Appliances S.r.l., Spectrum Brand Holdings, Inc., JURA Elektroapparate AG and Krups GmbH.
The report also includes a detailed market dynamics section that offers analysis on the drivers, restraints, opportunities, and trends that are impacting the global market. According to the report, the demand for single serve coffee makers is increasing at a steady pace, on account of their ease of use and low cost. Although the cost per cup of coffee is higher in single serve coffee makers, they are ideal for small families and people with hectic lifestyles owing to the minimal cleaning required after preparation of coffee. These factors are likely to sustain the growth of the market during the assessment period.
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The report segments the global single serve coffee maker market into sales channel, brew size and region. The sales channel segment is further sub-segmented into boutiques, e-Commerce and other. The brew size segment is categorized into 8 Oz, 10 Oz, 12 Oz and More than 12 Oz. The global market is divided geographically into key regions globally which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East & Africa and Japan.
According to the report, e-commerce is emerging as a lucrative sales channel for the global market on account of lucrative deals and discounts. By 2026, over 67,000 units of single serve coffee makers are likely to be sold through the e-commerce channel. By region, North America is likely to account for higher sales, owing to preference for coffee as a staple among consumers. Increasing popularity of coffee in Asia Pacific can open up growth opportunities for manufacturers.
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