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The US - Office Coffee Service Market size is forecast to increase by USD 1,230 million, at a CAGR of 8.47% between 2023 and 2028. Several factors play a crucial role in the market's growth, such as the growing working population in the US, convenience and time-saving associated with office coffee service and increasing focus on employee satisfaction and productivity.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Application, which comprises cafe, office building, restaurant, malls and others. Additionally, it categorizes End-user into large organizations and SMEs and covers Price Range, including low, medium, and high. The market analysis and report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, market trends and analysis, and challenges. A holistic market growth analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing working population in the US is notably driving the market growth. In the US, with a growing workforce, there is a corresponding increase in the number of offices and workplaces. These office spaces become potential customers for office coffee service providers. As new companies emerge and existing businesses expand, the demand for coffee services rises, creating opportunities for providers to cater to the growing working population. The growing working population consists of diverse individuals with varying preferences and expectations.
Moreover, many employees now expect access to quality coffee and beverage options in their workplaces as part of the overall employee experience. Employers recognize this trend and seek to provide amenities that enhance employee satisfaction and attract top talent, including high-quality coffee services. Thus, the growing working population in the US is the major driver, which is expected to boost the growth of the regional market during the forecast period.
Increasing demand for speciality coffee is an emerging trend shaping the market growth. Specialty coffee refers to high-quality coffee that is produced and processed with exceptional care and attention to detail, often from a single origin or small region. Specialty coffee is typically grown and harvested under strict conditions, such as at high altitudes or in shade-grown conditions, to ensure the best possible flavor and aroma. The specialty coffee market has grown rapidly in recent years, driven by a growing appreciation for the complexity and diversity of coffee flavors, as well as a desire for unique and memorable coffee experiences.
Additionally, office coffee service providers offer a wide range of specialty coffee options, including single-origin coffees and unique blends, and are likely to appeal to this growing US - office coffee service market segment. Specialty coffee is often more expensive than traditional coffee, but consumers are willing to pay a premium price for the unique and high-quality coffee experience it offers. Such factors are expected to drive the growth of the regional market during the market forecast period.
Workplace changes and the growing adoption of remote working a significant challenges hindering market growth. With more employees working remotely or in hybrid work models, the demand for office coffee services has decreased. Office coffee service providers may experience a decline in the number of clients and overall consumption volume, leading to a potential loss of revenue. Remote work requires a shift in the way coffee services are delivered. Instead of servicing central office locations, providers now need to navigate decentralized and geographically dispersed workspaces.
Furthermore, with the shift to remote work, employees have greater access to home brewing equipment and the ability to make their coffee. This presents a challenge for office coffee service providers to compete with the convenience and cost-effectiveness of home brewing. Thus, workplace changes and the growing adoption of the remote working model can become a major challenge to the market growth and trends of the regional market during the forecast period.
The market research and growth 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting 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.
A.H. Management Group - The company offers office coffee services which deliver custom-designed corporate and office coffee including cold brew and nitro cold brew.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market 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 cafe segment is estimated to witness significant growth during the forecast period. The cafe segment of the office coffee service market in the US includes coffee shops, cafes, and other similar businesses that primarily serve coffee and related products to customers. This segment is highly competitive, with a large number of independent cafes and chain coffee shops operating in the market.
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The cafe segment was the largest and was valued at USD 990.00 million in 2018. Office coffee service providers may supply coffee, equipment, and other supplies to cafes and coffee shops to help them provide high-quality products and services to their customers. They may offer a range of products, such as gourmet and speciality blends, as well as equipment and maintenance services. Punch that the cafes and coffee shops can provide a consistent and high-quality coffee experience to their customers. In addition to coffee and equipment, office coffee service providers may also offer training and support services to help cafe owners and staff improve their knowledge and skills related to coffee preparation and service. This can include barista training, coffee tasting and cupping sessions, and other similar programs. Overall, owing to the growing consumer demand for high-quality coffee, the cafe segment in the regional market will grow significantly during the forecast period.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
US Office Coffee Service Market Scope |
|
Report Coverage |
Details |
Page number |
147 |
Base year |
2023 |
Historic period |
2018-2022 |
Market forecasting period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.47% |
Market Growth 2024-2028 |
USD 1,230 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.88 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
A.H. Management Group, Aramark, Break Coffee, Bunn O Matic Corp., Coffee Ambassador Inc., Compass Group Plc, Continental Vending Inc., Corporate Essentials LLC, Daioh USA, Farmer Bros Co., Jacobs Douwe Egberts AU Pty Ltd., LUIGI LAVAZZA S.p.A., Nestle SA, Royal Cup Inc., Sodexo SA, SunDun Inc., US Coffee, Vending Group Inc., Westrock Coffee Co., Starbucks Corp., and Keurig Dr Pepper Inc. |
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 the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Market Segmentation by Price Range
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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