Coffee Machines Market Growth Industry analysis and forecast 2028

The coffee machines market size was valued at US$ 15,340.75 million in 2021 and is projected to reach US$ 20,596.79 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

A coffee machine is a device that is used to brew coffee. While there are many types of coffeemakers that use various brewing methods, the most popular devices use a paper or metal filter within a funnel that is put over a glass or ceramic coffee pot, which is a kettle-style cooking pot. Coffee machines are available in various sizes and shapes as well as in different type of models which includes filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. This has played an important role in increasing its demand. In addition, manufacturers are introducing drip machines with advanced technological features, which is also likely to propel coffee machines market growth.

COVID-19 outbreak pandemic was first reported in Wuhan (China) in December 2019. As of June 2021, the US, India, Brazil, Russia, the UK, France, Spain, Italy, Turkey, Germany, Colombia, and Argentina are among the worst-affected countries in terms of confirmed cases and reported deaths. The pandemic has negatively affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The consumer goods industry is one of the major industries suffering serious disruptions such as breaks in supply chain and shutdowns of production plants. The shutdown of various manufacturing plants and factories in leading regions such as North America, Europe, Asia Pacific, South America and Central America, and the Middle East, and Africa has restricted the global supply chain and negatively impacted the manufacturing activities, delivery schedules, and various product sales. Further, various companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition, the global travel bans imposed by countries in Europe, Asia, and North America are hindering the business collaborations and partnerships opportunities. All these factors are affecting the economics in a negative manner, thus act as a restraining factor for the growth of various markets related to this industry.

Strategic Insights

Market Insights

Growing Popularity of Caffeine

Consumable drink with less than 0.5% alcohol content is known as a non-alcoholic beverage. These drinks help in hydration and provide abundant nutrient supply to the body. Advantages such as the reduced risk of type 2 diabetes, liver cancer, liver disorders, as well as protection against heart failure, are creating awareness regarding coffee consumption among the population. Consumer awareness of reduced sugar and non-alcoholic drinks, hectic work schedules, and changing consumer taste are a few other factors propelling the popularity of instant non-alcoholic beverages such as coffee. Also, the popularity of caffeine has been increased in preventing or delaying Parkinson's disease. For instance, according to a coffee support report published in June 2021, there is evidence that people who drink caffeinated beverages, including coffee, tea, and cola, have a lower risk of Parkinson's disease. However, the impact on males appears to be dependent on the quantity of caffeine taken. Men who consume the most caffeinated coffee, about 28 ounces (three to four cups) per day, appear to be at the lowest risk. Whereas ingesting only one or two cups of coffee reduces their chance of Parkinson's disease. Due to the increasing demand for coffee, coffee manufacturing companies are innovating ways such as coffee capsules to offer better-tasting coffee as more profitable options. The increasing use of coffee machines in restaurants and office cafeterias to fulfill the increased demand for instant non-alcoholic beverages is increasing the need for coffee capsules, which, in turn, is increasing the growth of the coffee machines market.

Type Insights

Based on type, the coffee machines market is segmented into filter coffee machines, espresso coffee machines, capsule and pod coffee machines, and others. The filter coffee machine segment held the largest share of the market in 2020. A filter coffee maker is a machine through which the water automatically drips into a heating tube. Once the water is heated, it is poured on to the ground coffee, going through a filter and coming out as a hot cup of coffee. Filtering coffee essentially involves pouring hot water over ground coffee to extract its hidden flavors. The solid grounds are usually separated, and coffee is served fully liquid. Many variables go into producing a well-filtered coffee. Filter coffee requires coarser grounds and more water than espresso; it also takes longer to brew. The intensity and subtleties of the tastes are determined by the coarseness of the coffee grounds as well as the roast profile. The filter coffee machines primarily consist of a metal or paper filter in which the coffee grounds are placed. The grinds are then allowed to percolate through hot water, which collects as a filtrate in a pot. Filter coffee, on the other hand, has a cleaner, smoother, and less acidic flavor, making it ideal for drinking black coffee.

Coffee Machines Market, by Type - 2020 and 2028

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A few key players operating in the coffee machines market are Keurig Green Mountain, Inc. Robert Bosch Gmbh; Electrolux Ab.; Illycaffè S.P.A.; Koninklijke Philips N.V; Krups Gmbh; Morphy Richards; Nestlé S.A.; Panasonic Corporation; and Luigi Lavazza S.P.A. Major players in the market are adopting strategies such as mergers and acquisitions and product launches to expand their geographical presence and consumer base globally.

Report Spotlights

• Progressive industry trends in the coffee machines market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the coffee machines market from 2018 to 2028
• Estimation of the demand for coffee machines across various industries
• PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and the demand for coffee machines    
• Market trends and outlook coupled with factors driving and restraining the growth of the coffee machines
• Decision-making process by understanding strategies that underpin commercial interest with regard to coffee machines market growth
• Coffee machines market size at various nodes of market
• Detailed overview and segmentation of the coffee machines market as well as its dynamics in the industry
• Coffee machines market size in various regions with promising growth opportunities

Coffee Machines Market, by Type

• Filter Coffee Machines
• Espresso Coffee Machines
• Capsule and Pod Coffee Machines
• Others

Coffee Machines Market, by Category

• Manual
• Automatic and Semi-automatic

Coffee machines Market, by End-Use

• Residential
• Non- residential

Company Profiles

• Keurig Green Mountain, Inc.
• Robert Bosch Gmbh
• Electrolux Ab.
• Illycaffè S.P.A.
• Koninklijke Philips N.V
• Krups Gmbh
• Morphy Richards
• Nestlé S.A.
• Panasonic Corporation
• Luigi Lavazza S.P.A.