Coffee Machines Market Overview
The Coffee Machines Market Size reached USD 7.23 Billion in 2021. It is anticipated to expand from USD 7.88 Billion in 2022 to USD 13.12 Billion by 2030, showcasing a compound annual growth rate (CAGR) of 6.57% during the forecast period (2022 - 2030).
The market for coffee makers Strength espressos’ recent rise in popularity and increasing demand has led to significant recent market expansion. Espresso machine makers have also benefited from the steady growth of the business sector, especially in non-industrialized countries. This might increase sales of cutting-edge coffee makers, which are becoming more popular in the food administrations and in offices that include kitchenettes.
Increased espresso consumption throughout Asia is a significant driver of business sector growth. It is expected that new products, such as friendly and sustainable espresso, will lead to increased consumption, which would help grow the industry.
When considering the temporary closure of several assembly offices and the drastic decline in customer interest, you can see how the lockdown that followed the COVID-19 devastated numerous enterprises. Sales Volume has noted adverse effects of the SARS-CoV-2 epidemic, urging merchants to focus on tightening their distribution chains and increasing their operations to expand their product range and attract consumers' attention. This will lead to increased demand for espresso machines, especially in corporate environments where lockdowns have been relaxed and unique COVID has been addressed.
Market Segmentation
Coffee Machines Type Outlook
Filter Coffee Machines
Capsules Or Pod Coffee Machines,
Traditional Espresso Machine
Bean-To-Cup Coffee Machines
Coffee Machines Technology Outlook
Manual
Semi-Automated
Fully Automated
Coffee Machines End-User Outlook
Residential
Commercial
Office
Hotels & Restaurants
Coffee Machines Distribution Channel Outlook
Specialty Stores
Hypermarkets & Supermarkets
Online Stores
Others
Regional Classification
This coffee machine market Region is predicted to develop at a high pace in Asia-Pacific during the forecast period. Some of the rises might be attributed to an increase in urbanization and the middle class. Growing populations, technological advances, increased expendable cash, and an expanding workforce contributes to the Asia-Pacific region's projected dominance of global markets throughout this time period. In addition, nations like India, China, and Japan are seeing an increase in the need for coffee machines due to a rising population of youthful customers and an expanding middle class. In the Asia-Pacific area, consumption of espresso machines is growing at fast pace because of the growing popularity of coffee and the proliferation of coffeehouses and capsule technologies in the region. Furthermore, customers' increased purchasing power and the ever-increasing number of cafes, hotels, and businesses in the vicinity further contribute to the market worth of the area.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Industry News
In July 2022,
Keurig and BLK & Bold Coffee Announce New K-Cup Pod Partnership. New features within the Keurig brewing system that BLK & Bold will benefit from include MultiStream technology, which uses five streams of water to thoroughly saturate the coffee grounds and extract full flavor and aroma from each K-Cup pod.
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