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Market research analysts at Technavio predict that the office and commercial coffee services market in North America will grow steadily at a CAGR of around 5% by 2021. This market research analysis identifies the growing number of restaurants and coffee chains across North America as one of the primary growth factors for this market. The consumers in US primarily prefer coffee as the most popular beverage which expands the growth potential for office and commercial service providers. The players in the market cater to bakeries, breakfast stops, cafeterias, catering services, coffee shops, delicatessens, family establishments, fast casual, fine dining, local cafes, and QSRs (quick service restaurants).
Consumers are increasingly demanding for new flavors and product variants and this consequently increases the demand for specialty coffee beans. Specialty coffee beans have reduced bitterness, sourness, and unpleasant flavors. The demand for specialty coffee beans is more in high end hotels and restaurants. However, the product is steadily entering the mainstream market. The market analysis identifies the increase in consumption of specialty coffee on the rise as one of the key trends behind the growth of the office and commercial coffee services market in North America.
The market is highly competitive and fragmented due to the presence of several large and small companies with significant market share and varying product offerings. The growth of the coffee delivery vendors in the market is influenced by the preferences of the existing clientele. To increase their market shares the players in the office coffee service market engage in various marketing strategies such as introducing new product categories that address broader customer needs, product safety and quality concerns to maintain consumer confidence, and reducing operational costs.
The leading vendors in the market are -
The other prominent vendors in the market are BUNN, Hamilton Beach Brands, Imperial Coffee and Services, Jarden Corporation, Mars, Mister Coffee & Services, and Starbucks Corporation.
The office segment will be the major end user to the office coffee service market. This will mainly attribute to the high investments by the employers to procure office and commercial coffee services to increase employee engagements.
This market research and analysis estimates that due to the increasing number of office establishments, the presence of several vendors, and significant innovation in technology, the US will be the major revenue contributor to the office and commercial coffee services market in North America.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product requirement
PART 07: Market segmentation by end-user
PART 08: Market segmentation by distribution channel
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
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