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

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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:

1. 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.
2. 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.
3. 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.
4. 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 Regional Insights

The regional trends and factors influencing the Coffee Machines Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Coffee Machines Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Coffee Machines Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Coffee Machines Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Coffee Machines Market are:

1. Keurig Green Mountain, Inc.
2. Robert Bosch Gmbh
3. Electrolux Ab.
4. Illycaffè S.P.A.
5. Koninklijke Philips N.V.

Disclaimer: The companies listed above are not ranked in any particular order.

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.