One of the most
consumed beverages across the world, coffee has become a quintessential part of
billions of people. According to statistics, 150 million Americans (around 50%
of the US population) consume 3 cups of coffee on an average each day. With
increasing consumption of coffee, the demand for coffee machines is also
growing at a substantial rate. By 2024, the global coffee machine sales are
predicted to be reach 111.04 million units, up from 94.5 million units in 2021.
Rising penetration of quick service restaurants, café chains, and hangout
places, inclusion of coffee machines in corporate and other commercial spaces,
and evolving taste of consumers towards coffee over tea and other beverages are
contributing to the global coffee machine market growth. In recent years, a
gradual shift of consumers from manual coffee machines to automatic ones has
been witnessed, owing to ease of flexibility in operating coffee machines.
Rising standard
of living and growing personal disposable income are boosting the sales of
semi- and fully automatic coffee machines, which is augmenting its market
growth. Besides, manufacturers are leaving no stone unturned to integrate smart
technologies in their product offerings, which has led to the emergence of
smart and Wi-Fi connected coffee machines, a key equipment of today’s modern
kitchen. Some of the smart coffee machines are enabled to be connected to
Amazon Alexa, Siri-enabled devices, Google Home-enabled devices so that the
consumer just provides instruction from anywhere within the connectivity range
and the machine does the rest of the job. In 2021, US-based coffee machine
manufacturer, Keurig launched its first Wi-fi enable smart coffee maker that
can detect which K-Cup pod to use and adjust brew settings accordingly. As
consumers are adopting kitchen appliances that save time and maintain
consistency of their coffee, the global automatic coffee machine market is
anticipated to grow at a significant rate during the forecast period.
Growing
environmental consciousness among consumers has led manufacturers to focus on
making eco-friendly coffee machines that require less power. The materials used
to make the coffee machine, energy consumption, and generation of waste
products during the brewing method are some of the factors that determine the
carbon footprint of the electric equipment. Hence, manufacturers are
introducing models that are modern but ergonomic and plastic-free. Use of
charcoal filters in eco-friendly coffee machines has been gaining popularity
since it improves taste and reduce impurity levels while delivering fresh
flavours. With growing focus on sustainability, young and aware consumers are
making investments in electronic equipment that do not cause much harm to the
environment, which is expected to contribute towards the growth of eco-friendly
coffee machine market.
Rapid increase
in the number of daily take-away coffee consumers due to expanding working
population and their changing lifestyles require upgradation of latest
configuration in automatic coffee machines. This would require manufacturers to
invest in advancing technology to cater to different consumer needs, which
would add to the cost of coffee machines. Automatic and smart coffee machines
come at a hefty cost, that could restrain their adoption and impact the overall
global coffee machine market size.
According to the TechSci
Research report on “Global Coffee Machines Market By Product Type (Drip/Filter Coffee Machines, Espresso Coffee Machines
and Pod/Capsule Coffee Machines); By End User (Residential Vs. Commercial), By
Region, By Company, Competition, Forecast & Opportunities, 2027”, the global coffee
machines market is expected to register a CAGR of approx. 6% by 2027. The
market growth can be attributed to rising demand for smart kitchen appliances
and expanding working-class population. Besides, technological advancements and
increasing penetration of hotels, cafes, and restaurants are expected to
contribute to the global coffee machines market.
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