Coffee Machine Market Size to Reach USD 10.7 Billion by 2032 | CAGR: 4.8% | DataHorizzon Research

Fort Collins, Colorado, Sept. 12, 2023 (GLOBE NEWSWIRE) -- DataHorizzon Research Published a report titled, "Coffee Machine Market Size, Share, Trend, Growth, Statistics Analysis Report By Product (Drip Filter Coffee Machine, Bean-To-Cup Coffee Machines), By Application (Commercial, Residential), By Region, And Segment Forecasts, 2023–2030."

According to DataHorizzon Research, the coffee machine market was valued at USD 6.7 Billion in 2022 and is expected to reach USD 10.7 Billion by 2032 with a CAGR of 4.8%. Many people enjoy coffee for its perceived health benefits. Unsurprisingly, this energizing beverage's consumption increases as more people discover its positive effects. The coffee industry is persevering to keep up with the growing demand by constantly innovating and introducing new ways to increase the market demand.

The popularity of instant non-alcoholic beverages like coffee in restaurants and office cafeterias has led to growth in the coffee machine market. As demand for coffee and gourmet options rises, consumers prefer the convenience of coffee machines over hand-made coffee. These machines save time and effort in coffeehouses and office cafeterias. The rise in coffee intake can be attributed to busy schedules, evolving consumer tastes, and the increasing demand for a modern lifestyle.

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Coffee Machine Market Report Highlights:

• The coffee machine market size is projected to reach a CAGR of 4.8% by 2032. The increase in global demand for specialty coffee has driven significant growth in the coffee machine industry, particularly in developing countries.

• Drip filters are more affordable than espresso machines, with lower repair and maintenance costs. Plus, filter machines have added automated features that are driving the market. The demand for household coffee machines is surging globally, especially in the US. The trend towards diverse flavors of specialty coffee is driving this demand, as these machines are easy to use and deliver consistent, high-quality coffee.

• Some key companies in the coffee machine market are Panasonic Malaysia, Robert Bosch GmbH Keurig Green Mountain, Inc., Nestlé Nespresso S.A., De’Longhi Appliances S.r.l., Electrolux, Morphy Richards India, Koninklijke Philips N.V., Hamilton Beach Brands, Inc., Schaerer.

Report Snapshot:

Segmentation Overview:

The coffee machine market has been segmented based on product, application, and region. Regarding products, drip filter coffee machines hold the largest market share in revenue. These machines have reusable components, such as the filter and cone, contributing to their popularity. Moreover, manufacturers are developing drip machines with advanced features, which is expected to drive growth in this segment. As for applications, the residential segment accounted for a large market share during the forecast period due to the high consumption of coffee bags in households, resulting in a large demand for domestic coffee machines.

Europe dominated the coffee machine market in 2022, with high revenue shares due to commercial complexes and offices driving sales. Importation of green coffee beans and a growing demand for espresso blend beverages are expected to increase demand further.

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Key Developments in the Coffee Machine Market:

• Nespresso's newest addition to their product line - compostable coffee capsules made from sustainable paper. These capsules are perfect for home use, providing an eco-friendly experience while delivering Nespresso's renowned exceptional taste.

• The Original Donut Shop, a famous coffee and doughnut franchise, has released a Cinnamon Toast Crunch with One Step Latte K-Cup pod solely at Walmart. General Mills' popular Cinnamon Toast Crunch cereal inspires this unique and delicious flavor. 

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Coffee Machine Market Report Segmentation:

Coffee Machine Market, By Product (2023-2032)

• Drip filter coffee machine
• Pod/capsule
• Espresso Machine
• Bean-to-cup coffee machines

Coffee Machine Market, By Application (2023-2032)

• Residential
• Commercial

Coffee Machine Market, By Region (2023-2032)

• North America
  • U.S.
  • Canada 

• Europe
  • U.K.
  • Germany
  • France
  • Rest of Europe 

• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific 

• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 

• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa

About DataHorizzon Research:

DataHorizzon is a market research and advisory company that assists organizations across the globe in formulating growth strategies for changing business dynamics. Its offerings include consulting services across enterprises and business insights to make actionable decisions. DHR’s comprehensive research methodology for predicting long-term and sustainable trends in the market facilitates complex decisions for organizations.

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