The
global coffee machine market size is anticipated to reach
USD 7.59 billion by 2025 registering a CAGR of 3.7%, according to a new report
by Grand View Research, Inc. Rising coffee consumption in Asian countries is
one of the key factors driving the product demand. In addition, introduction of
new products, such as green and organic coffee, is expected to result in
increased demand for coffee, thereby contributing to the market growth. Coffee
is a rich source of essential proteins as well as anti-oxidants, which can help
prevent diseases including diabetes, Alzheimer’s, and liver cancer.
This
is also projected to drive the demand over the forecast period. Demand for
Ready-to-Drink (RTD) beverages, particularly coffee-infused beverages, are also
projected to have a positive impact on the market. Moreover, manufacturers are
investing in R&D to introduce advanced machines featuring the latest
technologies. For instance, in 2018, Nestlé Nespresso S.A. invested USD 43.03
million in the creation of new production lines of its coffee system, Vertuo.
Drip filter segment led the global market. The components of drip filter
machine, such as filter and cone, are reusable. This has played an important
role in increasing its demand.
Technological
innovations will drive the segment further. For example, manufacturers are
introducing smart drip machines, which can be accessed through smart phones or
devices. Europe led the global market in 2018 due to high consumption of
coffee. Moreover, presence of commercial infrastructure and offices also
results in increasing demand for coffee machines, thereby augmenting market
growth. In addition, rising number of cafes in the region will boost the growth
further.
For Full Research Report On Coffee Machine Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/coffee-machine-market
Further key findings from the study suggest:
- The
capsule product segment is expected to register the fastest CAGR of 4.8%
from 2019 to 2025
- The
commercial application segment led the market in 2018 and is expected to
retain its dominant position throughout the forecast period
- Asia
Pacific is projected to be the fastest-growing regional coffee machine
market at a CAGR of 4.5% from 2019 to 2025
- Key
companies in the global market are Keurig Green Mountain, Inc.; Panasonic
Malaysia; Nestlé Nespresso S.A.; De’Longhi Appliances S.r.l.; Electrolux;
Morphy Richards India; Koninklijke Philips N.V.; and Hamilton Beach
Brands, Inc.
Get request sample of this report
here: https://www.grandviewresearch.com/industry-analysis/coffee-machine-market/request/rs1
Grand
View Research has segmented the global coffee machine market on the basis of
product, application, and region:
Coffee Machine Product Outlook (Revenue, USD Million, 2015 - 2025)
- Drip
Filter
- Capsule
- Espresso
- Bean-to-Cup
Coffee Machine Application Outlook (Revenue, USD Million, 2015 - 2025)
- Residential
- Commercial
Coffee Machine Region Outlook (Revenue, USD Million, 2015 - 2025)
- North
America
- U.S.
- Europe
- Germany
- U.K.
- Asia
Pacific
- Japan
- China
- India
- Central
& South America
- Brazil
- Middle
East & Africa
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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