According to a new market research report published by Acute Market Reports “Bean to Cup Coffee Machines Market (by Machine Type: Automatic, Semi-automatic and Manual; by Sales Channel: Online Retail and Direct Retail; by End-user: Residential, Cafes, Retail Outlets, Hotels, Campuses, Airports and Others) - Growth, Future Prospects, and Competitive Landscape, 2023-2030”, the bean to cup coffee machines market was valued US$ 1,896.5 Mn in 2021 and estimated to grow with a CAGR of 6.5% during the forecast period from 2023 to 2030.
The complete report is available at https://www.acutemarketreports.com/report/bean-to-cup-coffee-machines-market
Market Insights
The COVID-19 pandemic brought an unprecedented halt in the sales operations in the beans to cup coffee machines market since a large number of airports, cafes, restaurants, hotels and other commercial outlets closed down due to lockdown restrictions. In addition, with the need for social distancing a significant proportion of consumers avoided coffees served by human baristas in order to eliminate the risk of infections. Thereby, the overall coffee serving industry is expected to pivot to fully automatic coffee machines to serve a large number of consumers efficiently while maintaining health safety protocols. As a result, despite the slump witnessed in 2023, the overall bean to cup coffee market is expected to witness significant growth in the following years.
Market Overview:
There are only limited number of people worldwide that resist themselves from savoring the flavors and aroma of freshly grounded coffee beverages. The magnetizing flavor and aroma of fresh coffee beverage is indulging people of all ages, societies and cultures. Consequently, coffee industry is inclining towards bean to cup coffee machines across the globe. Restaurants, hotels and quick serving cafés are replacing their exiting conventional coffee machine with bean to cup coffee machines to give their customers a delightful experience. In addition to the aforementioned joints, growing trend of fresh coffee in corporate offices is also contributing to the growth of bean to cup coffee machines. Based on the preference and likings, several coffee machine manufacturers are introducing innovative and advanced variants of coffee machines with an intent to cater different end-user.
In 2021, North America led the overall bean to cup coffee machines market in terms of market value. North America backed by a strong coffee consuming population in the U.S. trails Europe in terms of market value. However, having 60% population of youth and rapidly growing cafés culture in its developing countries, Asia Pacific is projected as the fastest growing region in bean to cup coffee machines market. High disposable income, growing acceptance of technology and growing inclination towards brewed beverages projected to boost Asia Pacific in terms of market value throughout the forecast period from 2023 to 2030.
Competitive Insights:
Bean to cup coffee machines market is highly fragmented market characterized by several international as well as local players. The overall market scenario is quite challenging and several consumer good companies are striving real hard to stay competitive in this market. Continuous product innovation, technological advancement, and maintaining quality of product are the vital strategies adopted by the leading companies to maintain their market position. Besides, expansion of geographic presence and distribution network is one of the several approaches incorporated by these companies to boost their sales. Few of the major notable players profiled in this research study includes Jura Elektroapparate AG, De'Longhi S.p.A, Krups, Robert Bosch GmbH, Electrolux AB, Panasonic Corporation, Siemens AG, Koninklijke Philips N.V., Melitta, Nestle Nespresso S.A., Schaerer Ltd., Gaggia, Russell Hobbs, and Smeg among others.
Key Analysis Covered:
