[20 Aug 2019] The global coffee machine market size is anticipated to reach USD 7.59 billion by 2025 registering a CAGR of 3.7%. 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, Nestle 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.
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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.
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; Nestle Nespresso S.A.; De'Longhi Appliances S.r.l.; Electrolux; Morphy Richards India; Koninklijke Philips N.V.; and Hamilton Beach Brands, Inc.
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Table of Contents:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Continued...
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Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
28 2nd Street, Suite 3036, San Francisco, CA 94105, United States
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
