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Automatic & Smart Coffee Machines to Boost the Global Coffee Machine Market Growth

Consumer Goods and Retail | Jan, 2023

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.