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HoReCa Drip Coffee Maker Market Poised for Steady Growth at 1.5% CAGR Through 2031 - Analysis by TMR
HoReCa Drip Coffee Maker Market
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Market Size and Growth
The HoReCa drip coffee maker industry is experiencing steady growth due to rising coffee consumption, particularly among millennials and Gen Z. The global workforce's preference for coffee as a stimulant to enhance productivity has further fueled market demand. As restaurants and cafes focus on providing high-quality coffee experiences, investments in automated and smart coffee brewing machines have surged, ensuring sustained market expansion.
Market Segmentation
The market is segmented based on HoReCa type and price point:
HoReCa Type: Quick Service Restaurants, Fast Food Restaurants, Cafeterias, Carryout Restaurants, Full Service Restaurants, Fine Dining Restaurants, Casual Dining Restaurants, and Hotel & Club Foodservice.
Price Point: Less than US$ 100, US$ 100-200, and More than US$ 200.
Regional Analysis
Asia Pacific held the largest market share in 2022, with countries like China, India, and Japan driving demand due to rising disposable income and increasing coffee culture adoption. According to a report by The Guardian, China overtook the U.S. as the leading country with the highest number of branded coffee shops in 2023, housing nearly 50,000 coffee outlets. The Middle East & Africa is also witnessing substantial growth, driven by a strong coffee tradition and a surge in fine dining establishments.
Market Drivers and Challenges Key Drivers:
• Growth in coffee culture, particularly among millennials and Gen Z.
• Demand for convenience and premium coffee experiences.
• Advancements in smart coffee brewing technology and sustainability-focused innovations.
• Expansion of quick service restaurants and premium cafes globally.
Challenges:
• High initial investment in advanced coffee-making equipment.
• Fluctuations in coffee bean prices affecting overall costs.
• Environmental concerns regarding disposable coffee pods and waste management.
Market Trends
• Smart Coffee Machines: Increasing adoption of app-controlled drip coffee makers for customized orders.
• Sustainability Initiatives: Integration of eco-friendly brewing processes and biodegradable coffee pods.
• Specialty Coffee Demand: Growing preference for artisanal and specialty coffee, which accounts for 71% of coffee shop sales.
• Automation in HoReCa: Enhanced efficiency through AI-driven coffee machines that optimize brewing techniques.
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Competitive Landscape
Leading players in the HoReCa drip coffee maker market include Bravilor Bonamat B.V., Groupe SEB, De'Longhi Group, Wilbur Curtis Co., Hamilton Beach Brands Holdings Company, Bunn-O-Matic Corporation, JURA Elektroapparate AG, WELBILT INC, BSH Home Appliances Corp., and Animo B.V. These companies focus on technological advancements, sustainability, and expanding their product portfolios to maintain a competitive edge.
Future Outlook
The HoReCa drip coffee maker market is set for continued expansion, driven by urbanization, technological innovation, and the global shift toward premium coffee consumption. As businesses emphasize sustainability and automation, the market will witness higher adoption of smart and eco-friendly coffee brewing systems, ensuring a dynamic growth trajectory for the industry.
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Key Market Study Points
• Market valuation of US$ 321.9 Mn in 2022, projected to reach US$ 367.0 Mn by 2031.
• CAGR of 1.5% (2023-2031) driven by coffee culture expansion and HoReCa innovations.
• Asia Pacific leads the market, followed by North America, Europe, Latin America, and the Middle East & Africa.
• Smart technology and sustainability are pivotal trends shaping the future of the industry.
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