Global Coffee Machine Market to Witness Growth Acceleration During 2018 to 2027 | Key Players are Dualit Limited, Electrolux AB, De'Longhi America Inc., etc.
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Competitive Landscape: Notable Highlights
In August 2018, Dualit Limited, a key player in the coffee machine market, launched a new CaféPro Capsule Machine which is compatible with company’s NX coffee capsules and other popular beverage brands such as Fine Tea capsules and Nespresso coffee capsules. Digital display and ease of use of the new machine is Dualit’s strategy to deliver a professional experience to consumers and expand its consumer base.
In October 2018, Italian coffee maker illycaffè and German conglomerate JAB Holding Company announced collaboration to produce illy-branded coffee pods compatible with Nestle’s Nespresso machines. While illycaffe’s coffee pods were compatible with the company’s own coffee machine, stronger Europe market position of Nestle machines has led illycaffe to introduce Nespresso compatible capsules.
On November 21, 2018, Nestle Nespresso announced an investment of CHF 43 million for the development of two new production lines in company’s Romont factory in a bid to meet the growing demand for coffee system Vertuo. The company has also inaugurated the Product Development Center and Coffee Campus which will develop innovative machines and coffees from rare origins.
In March 2018, De’Longhi, a leading player in consumer appliances announced the introduction of specialty coffee machine category which also includes Dinamica Fully Automatic Coffee Machine. De’Longhi has been a traditional player in specialty coffee machines and the new additions are expected to further expand the brand popularity.
In February 2018, JURA Elektroapparate AG announced a 14% rise in the sale of company’s automatic coffee machines. In July 2018, the company launched Jura Giga X8’s updated version at The H&C EXPO. The new introduction is an automatic bean-to-cup coffee machine line whose original version is highly embraced by consumers.
Large Players Consolidating their Position through Breakthrough Innovations
Prominent players continue to hold a hefty revenue share in the coffee machine market with their classic product portfolio as well as continual technology adoption aligned with consumer expectations. Koninklijke Philips N.V. is the front-runner in the coffee machine market whereas De’Longhi S.p.A and JURA Elektroapparate present strong competition with their consistent product developments.
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According to the National Coffee Association (NCA), 62% of Americans were reported as daily coffee consumers in 2017. Europe also presents an attractive coffee market and registers one of the highest global consumption. Emerging countries, with a significant millennial population, are witnessing a significant rise in coffee consumption. As per International Coffee Organization (ICO), coffee consumption in China is growing at an annual 15% rate as compared to a 2% annual increase in North America and Europe.
Growing popularity of coffee and preference for specialty coffee varieties has led to consumers preferring coffee machine coffee over hand-made coffee. This trend has translated into a considerable rise in the sales of coffee machines.
Coffee machine is an electrical appliance which is used to brew coffee. A different types of coffee machines working on different brewing principles are available in the market. Coffee ingredients are added separately in the coffee machine which are then processed in the machine to make ready brewed coffee.
About the Report
FactMR has compiled a study on the coffee machine market and published a report titled, “Coffee Machine Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2027.” The coffee machine market report covers all the vital facets of the industry that hold significant impact on the future progress of the coffee machine market. The coffee machine market analysis included in the report is based on a thorough assessment of driver, restraints, opportunities and trends prevailing in the coffee machine market.
Coffee Machine Market Structure
The coffee machine market is thoroughly studied for the demand trends and potential opportunities in the industry landscape. Based on the comprehensive analysis, the coffee machine market is segmented in the most viable categories to derive an all-inclusive outlook of the coffee machine market.
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