Coffee Machine Market Size, Share, Growth and Trends, Forecast 2024-2031

Global Coffee Machine Market reached US$ 6.4 billion in 2023 and is expected to reach US$ 9.2 billion by 2031, growing with a CAGR of 4.6% during the forecast period 2024-2031.

The coffee machine market encompasses the diverse range of devices designed to brew coffee, from basic drip coffee makers to sophisticated espresso machines. These machines cater to both household and commercial needs, offering convenience and a variety of brewing options to suit different tastes and preferences.

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Market Dynamics:

Growing Coffee Consumption Trends

The global coffee machine market is expanding as coffee consumption trends shift in both Europe and the U.S. According to the National Coffee Association, coffee consumption in the U.S. has been on the rise, with a 14% increase between January 2021 and March 2022, reaching a 20-year high. Around 65% of Americans now drink coffee daily, totaling about 491 million cups per day. Despite rising inflation, specialty coffee consumption in the U.S. grew by 2% in 2023.

In Europe, coffee consumption remains high, accounting for roughly one-third of global coffee consumption. The European Union boasts one of the highest per capita coffee consumption rates in the world, averaging about 5 kg per person per year. Both Europe and the U.S. are experiencing growth in the coffee roasting market, with Italy, Germany, and other countries making notable contributions. In the U.S., the coffee roasting market is projected to grow by 6.6% in the coming years.

Segment Covered in Coffee Machine Market:

By Type: Drip Coffee Makers, Espresso Machines, Percolators, French Press Coffee Makers, Pour-Over Coffee Makers, AeroPress, Cold Brew Coffee Makers, Others.

By Automation: Automatic, Semi-Automatic, Manual.

By Distribution Channel: Multi-branded Stores, Specialty Stores, Online Stores, Other Distribution Channels.

By Application: Café and Restaurants, Hotels, Hospitals and Clinics, Offices, Factories, Household, Others.

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Key players involved in Coffee Machine Market:

• Nestlé Nespresso S.A.
• Keurig Dr Pepper Inc.
• Breville Group Limited
• De'Longhi Group
• JURA Elektroapparate AG
• Philips Saeco S.p.A.
• Miele & Cie. KG
• Gaggia S.p.A.
• Conair Corporation
• Groupe SEB

*Note:

• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

Regional Analysis:

The Coffee Machine Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Coffee Machine Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

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