NEW YORK, July 23, 2024 /PRNewswire/ -- The
global coffee machine market size is estimated to grow by
USD 9.19 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a
CAGR of 7.44% during the forecast period. Growing demand and
availability due to organized retailing is driving market growth,
with a trend towards incorporation of advanced technologies into
coffee machines. However, environmental threats associated with
coffee machines poses a challenge. Key market players
include Bunn O Matic Corp., Caffe d Italia Srl, DeLonghi
Group, Dualit Ltd., Electrolux Group, Glen Dimplex Group., Hamilton
Beach Brands Holding Co., Illycaffe Spa, jacobs DOUWE EGBERTS B.V.,
Keurig Dr Pepper Inc., Koninklijke Philips N.V., LUIGI LAVAZZA S.p.A., Magimix SAS, Massimo
Zanetti Beverage Group Spa, maxingvest AG, Melitta Group,
Nestle SA, Panasonic Holdings Corp., Tata Sons Pvt. Ltd., and The
J.M Smucker Co..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
End-user (Commercial
and Non-commercial), Distribution Channel (Offline and Online), and
Geography (Europe, North America, APAC, South America, and Middle
East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Bunn O Matic Corp.,
Caffe d Italia Srl, DeLonghi Group, Dualit Ltd., Electrolux Group,
Glen Dimplex Group., Hamilton Beach Brands Holding Co., Illycaffe
Spa, jacobs DOUWE EGBERTS B.V., Keurig Dr Pepper Inc., Koninklijke
Philips N.V., LUIGI LAVAZZA S.p.A., Magimix SAS, Massimo Zanetti
Beverage Group Spa, maxingvest AG, Melitta Group, Nestle SA,
Panasonic Holdings Corp., Tata Sons Pvt. Ltd., and The J.M Smucker
Co.
|
Key Market Trends Fueling Growth
The global coffee machine market is experiencing significant
growth due to the focus of manufacturers on creating innovative,
smart, and automated coffee machines. R&D investments are being
made to integrate Internet of Things (IoT) and advanced sensors
into these machines, enabling consumers to control their coffee
servings remotely. Smart coffee machines come with features such as
touchscreens, Wi-Fi, Bluetooth, user-friendly interfaces, and LED
displays. IoT and smart sensors offer granular automation and
control, including timed operations, smartphone app warnings,
automated cleaning mechanisms, and computerized water volume
control. Remote access via mobile devices is a key driving factor
for market growth. Technological advancements increase
customizability and efficiency, making coffee machines more
appealing to consumers. Notable smart coffee machines include the
Nespresso Expert Espresso Machine, Brewgenie Smart Coffee Maker,
and Mr. Coffee Smart Wi-Fi-Enabled Coffeemaker. These technological
advancements will continue to drive the growth of the global coffee
machine market.
The coffee machine market is buzzing with trends that cater to
diverse consumer preferences. Temperature control and pressure
profiling are popular features, ensuring optimal brewing
conditions. Adjustable brewing parameters allow users to customize
their coffee experience. Smart technology, voice command
functionality, and virtual assistants are making coffee machines
more convenient. Fresh designs, compact and portable options,
built-in grinders, and freshly ground coffee are key for home
brewing. Environmental sustainability and energy-efficient brewing
processes are essential for corporate offices and kitchenettes.
Recyclable materials, reusable coffee capsules, milk frothers, and
hot water dispensers are other trends. The coffee industry is
focusing on millennials with Bluetooth and Wi-Fi connectivity,
instant non-alcoholic beverages, and smart coffee machines.
Caffeine consumption remains high, driving demand for drip coffee
makers, espresso machines, pod coffee machines, and capsule
systems. Coffee culture continues to evolve, with a focus on
innovation and convenience.
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Market Challenges
- The coffee machine market faces a significant challenge due to
the environmental concerns surrounding the disposal of coffee
machine waste. The EPA in the US and the Waste Framework Directive
in the EU regulate waste management, including coffee machine
waste. The increasing focus on sustainability is leading to
stricter regulations, making it a major hurdle for market
expansion. Coffee machines generate more waste per serving compared
to traditional coffee packaging, with materials like plastic and
aluminum used in their manufacturing contributing to environmental
degradation. This issue requires immediate attention and innovative
solutions to ensure the growth of the global coffee machine
market.
- The coffee machine market is thriving, catering to the demands
of the working population for refreshing beverages. Energy-saving
kitchen appliances, such as automated coffee machines and beverage
vending machines, are popular choices for offices and workplaces.
Technology advances like touchscreen features, programmable
settings, and smart connectivity enhance the user experience.
Filter coffee machines, traditional espresso machines, and
bean-to-cup coffee machines cater to various consumer preferences.
Specialty stores, hypermarkets, and supermarkets stock a wide range
of coffee bags and brewing techniques, including Nespresso
Professional, Pepper, and drip brewers. Single-serve machines and
innovative brewing methods like pour-over, cold brew, and AeroPress
appeal to coffee lovers and consumers seeking hassle-free and
high-quality brews. Energy efficiency and coffee quality remain key
concerns for both businesses and households. Companies like
Nespresso Professional and Pepper offer solutions for offices and
workplaces, while household appliance retailers cater to individual
consumers. Startups continue to innovate, introducing complex
brewing methods like vertical integration and latte art. Worldwide
coffee consumption continues to rise, driving demand for diverse
and delicious coffee flavors.
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Segment Overview
This coffee machine market report extensively covers market
segmentation by
- End-user
- 1.1 Commercial
- 1.2 Non-commercial
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Commercial- The Coffee Machine Market has
experienced consistent growth due to increasing consumer preference
for convenient and high-quality coffee at home. Major players in
this market include Nestle, Keurig Dr Pepper, and JAB Holding
Company. They focus on product innovation, pricing strategies, and
distribution networks to capture market share. Additionally,
e-commerce platforms and technological advancements have expanded
market reach and accessibility. The market is expected to continue
growing due to these factors and evolving consumer trends.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
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reports
The global espresso coffee market is witnessing significant
growth due to increasing consumer preference for premium coffee
experiences. Rising urbanization and expanding coffee culture
contribute to market expansion. Meanwhile, the global coffee pods
and capsules market is booming, driven by convenience and
innovative brewing technologies. Single-serve coffee options are
becoming popular among consumers seeking quality and ease of use.
Key players are focusing on sustainable and recyclable materials,
catering to the eco-conscious demographic. Together, these markets
are shaping the future of the coffee industry with quality and
convenience at the forefront.
Research Analysis
The Coffee Machine Market is experiencing significant growth in
the dynamic coffee industry, driven by the increasing popularity of
instant non-alcoholic beverages among millennials. Smart coffee
machines with Bluetooth and Wi-Fi connectivity are leading the
trend, allowing users to control their machines remotely and
customize their caffeine intake. Drip coffee makers, espresso
machines, pod coffee machines, and capsule systems cater to various
preferences in the coffee culture. Corporate offices and
kitchenettes are major consumers, providing refreshing beverages to
the working population. Home appliance retailers are capitalizing
on this trend, offering energy-saving kitchen appliances. Startups
and innovative brewing methods, such as Pour-over, cold brew, and
AeroPress, add complexity to the market. Vertical Integration of
coffee production and machine manufacturing is also a significant
factor. Temperature control and specialty coffee are key features
driving the market forward.
Market Research Overview
The Coffee Machine Market is experiencing significant growth due
to the increasing popularity of coffee culture and the demand for
refreshing, energy-saving kitchen appliances among the working
population, particularly millennials. Instant non-alcoholic
beverages, including coffee, are in high demand, leading to the
development of smart coffee machines with Bluetooth and Wi-Fi
connectivity. These machines offer programmable settings,
touchscreen features, and even voice command functionality through
virtual assistants. Drip coffee makers, espresso machines, pod
coffee machines, filter coffee machines, and bean-to-cup coffee
machines are popular choices for both households and corporate
offices. Coffee lovers and consumers seek hassle-free brewing,
adjustable brewing parameters, and innovative brewing methods such
as pour-over, cold brew, and AeroPress. Technology plays a crucial
role in the coffee industry, with capsule systems, Nespresso
Professional, Pepper, and other brands leading the way. Energy
efficiency and environmental sustainability are key considerations,
with energy-efficient brewing processes, recyclable materials, and
reusable coffee capsules becoming increasingly important. Milk
frothers and hot water dispensers are also popular add-ons for
coffee machines. Specialty stores, hypermarkets & supermarkets,
home appliance retailers, and startups are all contributing to the
growth of the coffee machine market. With the worldwide consumption
of coffee continuing to rise, the market is expected to remain
strong for the foreseeable future.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Commercial
- Non-commercial
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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