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Coffee Machines Market Size, Share, Trends, Analysis with CAGR of 6.57% 2022-2032

03-21-2024 01:22 PM CET | Consumer Goods & Retail

Press release from: Market Research Future (MRFR)

Coffee Machines Market

Coffee Machines Market

The Coffee Machines Market was estimated at USD 7.23 Billion in 2021. It is anticipated to see growth from USD 7.88 Billion in 2022 to USD 13.12 Billion by 2030. This represents a compound annual growth rate (CAGR) of 6.57% during the forecast period from 2022 to 2030.

The Coffee Machines Market encompasses a variety of devices designed for brewing coffee, ranging from basic drip brewers to sophisticated espresso machines. As coffee consumption continues to surge globally, driven by a growing appreciation for diverse coffee flavors and convenience, the demand for coffee machines is on the rise. These appliances provide users with the convenience of brewing their favorite coffee beverages at home or in cafes. The market is characterized by continuous innovation and product enhancements to meet evolving consumer preferences. With the growing popularity of specialty coffee and the desire for customizable brewing options, the coffee machines market is poised for sustained growth in the coming years.

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Key Companies in the Coffee Machines market include.

Keurig Green Mountain Inc. (U.S.)
Panasonic Corporation (Japan)
Nestlé S.A. (Switzerland)
Newell Brands (U.S.)
De'Longhi Group (Italy)
Electrolux AB (Sweden)
Melitta (Germany)
Morphy Richards (U.K.)
Koninklijke Philips N.V.(Netherlands)
Hamilton Beach Brands Inc. (U.S.)
Coffee Machines Industry Developments

In July 2022, Keurig and BLK & Bold Coffee Announce New K-Cup Pod Partnership. New features within the Keurig brewing system that BLK & Bold will benefit from include MultiStream technology, which uses five streams of water to thoroughly saturate the coffee grounds and extract full flavor and aroma from each K-Cup pod.

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Coffee Machines Market Segmentation

Coffee Machines Type Outlook

Filter Coffee Machines
Capsules Or Pod Coffee Machines,
Traditional Espresso Machine
Bean-To-Cup Coffee Machines
Coffee Machines Technology Outlook

Manual
Semi-Automated
Fully Automated
Coffee Machines End-User Outlook

Residential
Commercial
Office
Hotels & Restaurants
Coffee Machines Distribution Channel Outlook

Specialty Stores
Hypermarkets & Supermarkets
Online Stores
Others
Coffee Machines Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. North America is accounting for 39.01 % of the market proportion in the year 2021 and it is projected to expand at a high CAGR of 5.30% in the forecast period of 2022-2030. The growing benefits associated with the consumption of coffee in the region are expected to increase its demand during the forecast period. For instance, according to the American College of Cardiology, the largest benefit was associated with two to three cups of coffee per day, which equated to a 10%-15% decreased risk of coronary heart disease, heart failure, a cardiac rhythm issue, or passing away for any reason. People who drank one cup of coffee each day had the lowest risk of heart disease or stroke. Apart from this, the growing expansion policies adopted by major players operating in the region are expected to further contribute to its market growth. As a part of this, in June 2022, Nespresso Professional expanded its momento coffee system portfolio with the addition of a momento coffee and milk machine. The momento coffee & milk machine use touchless technology and has been created to provide a variety of options, including lattes, macchiatos, espressos, and americanos. The presence of key players in the North America region such as Keurig Dr. Pepper and Starbucks Corporation is projected to fuel the growth of the North America market during the forecast period.

Key Features of the Coffee Machines Market Report: -

➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.

➤ Examine the market opportunities for stakeholders by identifying higher growth sections.

➤ To study and analyze the global Coffee Machines industry status and forecast including key regions.

➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

➤ It helps you make strategic business decisions and investment plans.

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Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com/

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts' team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

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