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Coffee Machines Market Trends

  • Report ID: GMI6072
  • Published Date: Nov 2024
  • Report Format: PDF

Coffee Machines Market Trends

Single-serve coffee machines, particularly those that use capsules or pods, have seen a rapid rise in popularity over the last decade, and this trend continues to grow. The convenience and speed of these machines, along with the wide range of coffee options available in pods, have made them a favourite choice for consumers who want quality coffee without the hassle. Brands like Nespresso, Keurig, and Lavazza have become household names due to their ease of use and wide selection of coffee flavours.
 

As more consumers seek out faster and more efficient brewing methods, single-serve machines is expected to continue dominating the market. However, alongside this trend, there is also a growing emphasis on offering recyclable or biodegradable pods to address environmental concerns associated with single-use plastic.
 

Another major factor driving market demand is the rapid pace of technological innovation in coffee machine design. Over the years, advancements such as smart coffee machines, automated brewing systems, and connectivity options have transformed the way consumers approach coffee brewing. Machines equipped with modern capabilities, app control, and voice assistants have become highly attractive, offering convenience and the ability to customize the brewing process to an individual's exact taste preferences.
 

This technological shift appeals to both tech-savvy younger consumers and coffee connoisseurs who are looking for the ultimate brewing experience. Environmentally conscious consumers increasingly prefer machines that incorporate sustainable technologies, such as energy-efficient designs and recyclable pod systems. As the demand for convenience grows, single-serve coffee machines from brands like Nespresso and Keurig have become more popular. These machines provide quick, mess-free options, allowing for a variety of coffee choices with minimal effort.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global coffee machines industry was valued at USD 6.6 billion in 2023 and is estimated to grow at a CAGR of over 5.5% from 2024 to 2032, driven by shifting consumer preferences and technological innovations.

The drip coffee makers segment recorded around USD 3 billion in 2023 and is expected to grow at a CAGR of around 5.8% from 2024 to 2032 due to their affordability and ease of use, appealing to budget-conscious consumers.

The U.S. dominates with an overall market share of around 82% in the North America coffee machines industry, driven by a shift towards specialty coffee among millennials and Gen Z.

Key players in the industry include AEG, Bosch, Breville Group, De'Longhi, Gaggia, Hamilton Beach Brands, Illycaff

Coffee Machines Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 196
  • Countries covered: 18
  • Pages: 220
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