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Comprehensive PDF Guide to Coffee Machines

10-28-2024 01:42 PM CET | Food & Beverage

Press release from: The Insight Partners

Coffee Machines

Coffee Machines

With the expansion of coffee culture in working spaces, the scope for coffee shops and capsule systems for the working professionals and youth population is increasing, which, in turn, is increasing the demand for coffee machines worldwide. For instance, according to United Nations data of the world's population, in 2019, about 1.2 billion youth aged 15-24 years globally, or 16% of the global population. The world's youth population is expected to reach 1.4 billion people (13%) by 2065. In 1985, the proportion of youth in the overall population reached up to 19.3%. Increasing urbanization and the establishment of IT parks at a rapid pace in emerging economies of India are expected to boost the consumption of coffee beverages.

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Due to rising coffee use as a western beverage, some multinational coffee companies, such as Starbucks, are focusing on the strategic development of major brand chains. Thus, the increasing popularity of international cafe brands is expected to fuel demand for the automatic coffee machine. Additionally, convenience in workability of automatic coffee machines coupled with the consistent brewing has driven the middle-class population toward pod coffee machines. Moreover, rising in the male and female workforce is leading to a rise in demand for coffee machines in the corporate world.

According to a Pew Research Center analysis of labor force statistics based on data from 114 countries from 2010 to 2016, women make up at least 40% of the workforce in more than 80 countries. In all these nations, the median female labor force participation rate is 45.4%. The coffee machines lessen the time and effort required in preparing a cup of coffee when used in coffeehouses and office cafeterias. Therefore, the increase in the working population is supporting the growth of the coffee machine market.

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Contact Person: Ankit Mathur
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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