Coffee Machines Market Growth Industry analysis and forecast 2028
[Research Report] The coffee machines market size was valued at US$ 15,340.75 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.
Market Insights and Analyst View:
Coffee machine is a device used to brew coffee. There are various types of coffee machines such as French press, espresso coffee machine, filter coffee machine, capsule and pod coffee machine, among others. Each machine work on a different mechanism. For instance, in a filter coffee machine, water automatically drips into a heating tube and poured on ground coffee going through a filter. However, in a capsule and pod coffee machine, coffee is packed in a capsule made of plastic or aluminum and held within a small container which enters the coffee maker, and the coffee is brewed. There is an increasing demand for coffee machines across the corporate as well as institutional sectors. This factor is significantly driving the coffee machines market globally.
Growth Drivers and Challenges:
Over the past few years, the lifestyle of people has changed dramatically due to hectic work schedules and extended working hours. Due to the fast-paced lifestyle, people are increasingly shifting toward convenience food and beverages. In corporate sector, people are continuously exposed to work-related stress owing to which they are looking for free time to spend with their colleagues and friends. Coffee is one of the versatile beverages that is widely consumed due to its indulging flavor and aroma. Moreover, its caffeine content helps to boost the mood and induce motivation. This factor is significantly driving the coffee industry across the globe. Coffee machines help in brewing coffee instantly which is why there is a high demand for coffee machines across the corporate sector. This factor is significantly driving the coffee machines market. However, as the awareness of highly addictive nature of coffee is increasing among people, they are replacing coffee with other beverages such as natural fruit juices, bubble tea, sparkling waters, etc. Also, increasing awareness of negative health implications of high caffeine consumption is also hindering the demand for coffee among individuals. These factors are expected to negatively impact coffee consumption, hampering the demand for coffee machines over the forecast period.
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Coffee Machines Market: Strategic Insights
Coffee Machines Market
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CAGR (2021 - 2028)
4.3%
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Market Size 2021
US$ 15.34 Billion
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Market Size 2028
US$ 20.6 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Keurig Green Mountain Inc
- Robert Bosch Gmbh
- Electrolux Ab
- Illycaff S P A
- Koninklijke Philips N V
- Krups Gmbh
- Morphy Richards
- Nestl S A
- Panasonic Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Coffee Machines Market Size and Forecasts
- 2021 - 2028
Global and Regional Growth Opportunity Analysis
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Coffee Machines Market: Strategic Insights
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CAGR (2021 - 2028)4.3% -
Market Size 2021
US$ 15.34 Billion -
Market Size 2028
US$ 20.6 Billion
Market Dynamics
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Key Players
- Keurig Green Mountain Inc
- Robert Bosch Gmbh
- Electrolux Ab
- Illycaff S P A
- Koninklijke Philips N V
- Krups Gmbh
- Morphy Richards
- Nestl S A
- Panasonic Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- 2021 - 2028
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Segmentation and Scope
The “Global Coffee Machines Market” is segmented based on type, category, end user, and geography. Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, capsule & pod coffee machines, and others. Based on category, the market is classified into manual and automatic & semi-automatic. Based on end-user, the coffee machines market is segmented into residential and non-residential. The coffee machines market based on geography is segmented into North America (US, Canada, and Mexico), Europe (Germany, France, Italy, UK, Russia, and Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, UAE, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America)
Segmental Analysis:
Based on end-user, the coffee machines market is bifurcated into residential and commercial. The residential segment held the significant share in the coffee machines market and is expected to register the significant growth over the forecast period. The rising adoption of coffee and growing interest in different types of coffee roasts and brews are driving the demand for coffee machines across the residential sector. Furthermore, due to the outbreak of COVID-19, people were mandated to stay at home and all the foodservice outlets remained shut. This triggered the demand for coffee machines across the households, especially in developed countries. All these factors are potentially boosting the coffee machines market worldwide.
Regional Analysis:
Based on geography, the coffee machines market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa. The global coffee machines market was dominated by Europe which accounted for US$ 4,951.77 Million in 2022. North America is a second major contributor holding more than 20% share in the global market. Asia Pacific is expected to register the considerable growth at a CAGR of over 5% over the forecast period. Rising daily intake of coffee in North American countries, especially in the US is driving the demand for coffee machines. According to the National Coffee Association (NCA), 62% of the Americans were reported to consume coffee on a daily basis. Moreover, rising trend of on-the-go consumption due to fast paced lifestyle is also driving the demand for coffee machines across the non-residential sector in North America.
Industry Developments and Future Opportunities
Various initiatives taken by the key players operating in the coffee machines market are listed below:
- In March 2023, De’Longhi, one of the prominent manufacturers of coffee machines launched Truerew, a fully automatic, drip coffee machine that eliminates measuring of coffee and any guess work, which allows consumers to enjoy a freshly ground, superior coffee experience.
- In October 2020, Nespresso Professional, launched new touchless features in its Nespresso Momento coffee machines which will provide enhanced safety at workplaces in the wake of COVID-19 pandemic.
- In March 2022, Breville Group, Australia-based home coffee equipment maker, announced the acquisition of Lelit, an Italy-based prosumer espresso equipment company. The home espresso coffee machine portfolio of Lelit complements to the existing portfolio of Breville Group’s home coffee equipment. The acquisition will help the company to cater to a large group of audience, enhancing its consumer reach an boosting the revenues.
- In March 2021, De’Longhi acquired remaining 60% stakes in Eversys, a Swiss coffee machine manufacturer. The company has a portfolio of fully-automatic espresso coffee machines. The acquisition of the company will help De’Longhi to expand its product line and cater to a large number of consumers across different regions.
Covid-19 Impact:
The COVID-19 pandemic affected almost all industries in various countries. Lockdowns, travel restrictions, and business shutdowns in North America, Europe, Asia Pacific (APAC), South & Central America (SAM), and the Middle East & Africa (MEA) hampered the growth of several industries, including the consumer goods industry. The shutdown of manufacturing units disturbed global supply chains, manufacturing activities, delivery schedules, and essential and nonessential product sales. Various companies witnessed delays in product deliveries and a slump in sales of their products in 2020. Due to the pandemic-induced economic recession, consumers became more cautious and selective in their purchasing decisions. Non-essential purchases were significantly reduced by consumers due to lower incomes and uncertain earning prospects, especially in developing regions. Many manufacturers of coffee machines faced decline in profits due to reduced consumer demand during the initial phase of pandemic. However, by the end of 2021, many countries were fully vaccinated, and governments announced relaxation in certain regulations including lockdowns and travel bans. People started travelling to different places which increased the demand for coffee at airports and railway stations, boosting the coffee machines demand. All these factors had a positive impact in the growth of coffee machines market across different regions.
Coffee Machines Market Report Scope
Report Attribute
Details
Market size in 2021
US$ 15.34 Billion
Market Size by 2028
US$ 20.6 Billion
Global CAGR (2021 - 2028)
4.3%
Historical Data
2019-2020
Forecast period
2022-2028
Segments Covered
By Coffee Machines Market Size and Forecasts - 2021 - 2028
By Global and Regional Growth Opportunity Analysis
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Keurig Green Mountain Inc
- Robert Bosch Gmbh
- Electrolux Ab
- Illycaff S P A
- Koninklijke Philips N V
- Krups Gmbh
- Morphy Richards
- Nestl S A
- Panasonic Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2021 | US$ 15.34 Billion |
Market Size by 2028 | US$ 20.6 Billion |
Global CAGR (2021 - 2028) | 4.3% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Coffee Machines Market Size and Forecasts
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Competitive Landscape and Key Companies:
Some of the prominent players operating in the global coffee machines market include Keurig Green Mountain, Inc.; Robert Bosch GmbH; Electrolux AB; illycaffè S.p.A.; Koninklijke Philips N.V.; Krups GmBH (Groupe SEB); Morphy Richards; Nestlé SA; Panasonic Corporation; LUIGI LAVAZZA SPA; De’Longhi Appliances S.r.l. among others. These players offer cutting-edge coffee machines with innovative features and brewing techniques to deliver superior coffee experience to the consumers.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Category, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global coffee machines market are Keurig Green Mountain, Inc. Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.P.A.; Koninklijke Philips N.V; Krups Gmbh; Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.P.A among many others.
Coffee machines are used to brew coffee from ground coffee, coffee beans or capsules. They are available in various sizes and shapes as well as in different type of models which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. They are also available in manual, automatic and semi-automatic variants. They are used in various residential and non-residential applications such as office spaces, airports, cafeterias and others.
Espresso has higher caffeine levels per ounce over regular coffee and is very strong. Although quite popular in Europe, especially Italy, they have been witnessing increased demand in other regions such as North America and Asia Pacific. Increasing preference for the taste as well the wide availability of different espresso machines for residential applications have significantly propelled the demand for espresso machines.
Asia Pacific region is an area of tremendous opportunity for the global coffee machines market. The region is a traditionally tea consuming region and the penetration of coffee machines is low compared to the developed economies of Europe and North America. Recent shift in preference for coffee over tea has propelled the demand for coffee machines. Large number of young population is also a major contributor towards the growth of the coffee machines market in Asia Pacific.
Capsule and pod coffee machines have been witnessing significant growth across the globe. The ease of usage and the availability of various flavors of coffee have driven the adoption of capsule and pod coffee machines for use in homes and small offices. However, the traditional coffee brewers that prefer freshly ground coffee pose a restraint to the capsule and pod coffee machines market.
Automatic and semi-automatic coffee machines are expected to grow significantly over the forecast period. Increasing number of new coffee enthusiasts and shift in preference from traditionally tea drinking regions such as Asia Pacific have fueled the adoption of automatic and semi-automatic coffee machines. The ease of usage and convenience for home brewing is a major factor propelling the adoption of automatic and semi-automatic coffee machines.
The List of Companies - Coffee Machines Market
- Keurig Green Mountain, Inc.
- Robert Bosch Gmbh
- Electrolux Ab.
- Illycaffè S.P.A.
- Koninklijke Philips N.V.
- Krups Gmbh
- Morphy Richards
- Nestlé S.A.
- Panasonic Corporation
- Luigi Lavazza S.P.A.