Nespresso is brewing up competition in the U.S. coffee pod market.
Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion.
Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago.
The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013.
"There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"
Persons:
Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper
Organizations:
U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America
Locations:
U.S, United States, North America