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Smart Home-Based Beverage Machine Market Trends

Report ID: GMI4641
Published Date: Nov 2024
Report Format: PDF

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Smart Home-Based Beverage Machine Market Trends

Personalization has become a crucial factor in consumer purchasing decisions. Consumers increasingly seek products tailored to their specific preferences, with smart beverage machines leading this trend. These devices allow users to customize settings such as brew strength, temperature, and ingredient choices, creating beverages that match their individual tastes. This customization enhances the drinking experience and encourages experimentation with different flavors and preparations. Consequently, smart beverage machines offering user-friendly customization features are gaining popularity among consumers who value both convenience and personalization in their daily routines.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of smart home-based beverage machine reached USD 1.7 billion in 2023 and is set to register a CAGR of over 8.2% between 2024 and 2032, driven by the growing demand for convenience in daily routines.

The household segment captured a market share of 61.8% in 2023 and is expected to grow at a CAGR of 8.8% from 2024 to 2032, led by the rising adoption of home automation and consumer preference for convenience.

North America accounted for a market share of 32.5% in 2023 and is expected to grow at a CAGR of 7.2% during the forecast period, propelled by the affluent population investing in smart appliances for enhanced convenience and lifestyle quality.

The key players in the market include Behmor, Bevi, Breville, BSH, Café Appliances, Coway, De’Longhi, Hamilton Beach, Hurom, Illy, Jura, Kuvings, Lavazza, Nespresso, and Smart Soda.