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The coffee machine market size is projected to grow by USD 9.20 billion from 2023 to 2028, with a CAGR of 7.44%. Market growth is driven by rising consumer demand, convenient retailing, and organized retailing. Challenges include environmental concerns, increasing demand for instant coffee, and stringent waste management regulations. A coffee machine is often paired with a coffee roaster to ensure that freshly roasted beans are brewed into high-quality coffee, enhancing the overall flavor and aroma of the coffee experience. As demand grows, manufacturers prioritize energy-saving kitchen appliances to meet sustainability goals.
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The coffee machine market forecasting report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The commercial segment is estimated to witness significant growth during the forecast period. The commercial segment of the global market is mainly driven by the growing number of specialty coffee shops globally, as well as the increasing emergence of coffee shops and establishments in developing economies.
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The commercial segment was the largest segment and was valued at USD 10.33 billion n 2018. The coffee market is experiencing increasing demand due to rapidly changing consumer lifestyles and rising family incomes. In addition, in a highly competitive industry, the growing variety of coffee flavors poses a problem of product differentiation for shops and restaurants. This contributes to increasing commercial demand, which will drive the growth of commercial machines in the global coffee machine market during the forecast period.
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North America is estimated to contribute 29% to the growth of the global coffee machine market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries like Finland, Norway, Iceland, Denmark, the Netherlands, and Sweden consume the highest amount of coffee per capita in the world. Substantial demand for premium and gourmet coffees is seen in the region's developed economies.
Moreover, the demand in the region is driven by the availability of a wide selection of coffee flavors as well as the quality, convenience, and efficiency that they offer. European consumers are willing to pay a premium for products that allow them to make drinks while relaxing at home. Furthermore, the increased attention to new flavors has resulted in an increase in demand during the market forecast period.
The market is undergoing a revolution driven by a blend of tradition and innovation. Millennials are shaping trends, seeking smart coffee machines equipped with Bluetooth and Wi-Fi connectivity for seamless brewing experiences. From drip coffee makers to automatic espresso machines and pod coffee machines, options abound to satisfy diverse preferences. This evolution reflects a vibrant coffee culture permeating corporate offices and kitchenettes, catering to the needs of the working population for refreshing beverages. With increasing competition and complexity, startups explore innovative brewing methods like pour-over, cold brew, offering high-quality specialty coffee beverages with precise temperature control. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The coffee machine market is expanding rapidly, driven by innovations such as energy-saving kitchen appliances and advanced features like touchscreen interfaces. Single-serve machines, including Nespresso Professional and pod/capsule machines, cater to workplaces and employees, enhancing convenience and taste. The market embraces various brewing techniques, from drip/filter coffee machines to adjustable brewing parameters and built-in grinders. Compact and portable coffee machines, milk frothers, and coffee capsules meet the demand for fresh designs and organic and fair-trade coffee beans. Hypermarkets & supermarkets and virtual assistants support global coffee consumption, influenced by the International Coffee Organization (ICO) and evolving stress levels.
The coffee industry continues to thrive worldwide, with an estimated 2.25 billion cups consumed daily. Energy-saving kitchen appliances, such as compact coffee machines, are in high demand. These machines offer touchscreen features for easy operation and brew various coffee types, including lattes and espresso. They also include hot water dispensers for tea and other beverages. Join the coffee culture revolution with an energysaving, feature-rich coffee machine.
The market is experiencing notable growth driven primarily by increasing inorganic strategic initiatives among industry players. Partnerships and acquisitions have diversified offerings, catering to millennials and the working population seeking instant non-alcoholic beverages with Bluetooth and Wi-Fi connectivity in smart coffee machines. This fosters coffee culture in corporate offices and kitchenettes, with drip coffee makers, commercial espresso machines, and pod coffee machines meeting caffeine consumption demands.
Moreover, the inorganic initiatives like acquisitions bolster market growth, offering consumers a wide range of refreshing beverages and innovative brewing methods while driving revenue and competition among home appliance retailers and startups. Such factors will drive coffee machine market growth during the forecast period.
Growing preference for commercial coffee bean grinders with short grinding times is the primary trend shaping coffee machine market growth. Using a commercial coffee bean grinder with a short grinding time increases the productivity of the coffee shop because the coffee can be brewed continuously in a short time. For example, a commercial coffee grinder can operate at a speed of 2 seconds per grind and ensures an instant supply of freshly ground coffee.
Moreover, the G2 Trifecta commercial coffee bean grinder supplied by Bunn features a high-volume grinding system that draws the coffee through the cavity for increased grinding speed and efficiency. Therefore, increasing the use of commercial coffee grinders with short grinding times is expected to boost the growth of the global coffee machine market during the forecast period.
Increasing demand for instant coffee is a challenge that affects coffee machine market growth. Instant coffee is being accepted by consumers with busy lifestyles due to the convenience it brings. Instant coffee creates a challenge and specialty coffee shops. Nowadays, people do not like to go to specialty coffee shops, which reduces the revenue from specialty coffee shops and will eventually affect the market and other coffee equipment.
Moreover, the growing popularity of instant coffee over specialty coffee can also be attributed to the high price of specialty coffee and consumers' reluctance to spend such a large sum of money on coffee. Instant coffee creates a threat to the demand for specialty coffees, which will ultimately lead to a slowdown in the rate and impede the growth of the global market during the forecast period.
The coffee machine market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the coffee machine market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Melitta Group: The company offers coffee machine under the brand La san marco.
The coffee machine market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The coffee machine market is witnessing dynamic growth fueled by a myriad of factors, including the soaring popularity of instant non-alcoholic beverages among millennials. The integration of Bluetooth and Wi-Fi connectivity in smart coffee machines caters to tech-savvy consumers, while the surge in caffeine consumption drives demand for drip coffee makers, espresso machines, and pod coffee machines. Coffee culture thrives with the emergence of capsule systems in corporate offices and kitchenettes, meeting the needs of the working population for refreshing and energy-saving kitchen appliances. From beverage vending machines with touchscreen features to filter coffee machines offering programmable settings, the market caters to diverse preferences, emphasizing coffee quality and hassle-free brewing experiences. With a focus on innovation and sustainability, the market offers smart connectivity, environmentally-friendly materials, and high-quality specialty coffee beverages, shaping the future of coffee consumption worldwide.
Furthermore, the market is thriving with a plethora of options to cater to diverse consumer preferences and needs. From traditional drip brewers to high-tech automated coffee machines with smart technology and voice command functionality, the market offers solutions for both household and commercial use. Consumers can choose from capsules or pod coffee machines, traditional espresso machines, or bean-to-cup coffee machines, available in specialty stores, supermarkets, and online retailers. With a focus on environmental sustainability, manufacturers are incorporating energy-efficient brewing processes, recyclable materials, and organic, fair-trade coffee beans into their offerings. From temperature control to pressure profiling and adjustable grind settings, coffee lovers can indulge in their favorite brews with ease and satisfaction.
Market Scope |
|
Report Coverage |
Details |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2024-2028 |
USD 9.20 Billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 29% |
Key countries |
US, UK, Canada, Italy, and China |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our coffee machine market forecast report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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