Report ID: SQMIG25E2125
Report ID:
SQMIG25E2125 |
Region:
Global |
Published Date: November, 2024
Pages:
176
|
Tables:
92 |
Figures:
71
Coffee Machine Market size was valued at USD 6.8 Billion in 2023 and is poised to grow from USD 7.12 Billion in 2024 to USD 10.27 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).
One of the main causes of the expansion is the rise in coffee consumption in Asian nations. Furthermore, it is projected that the introduction of new goods, including organic and green coffee, would lead to significant consumption and support market expansion. As the awareness of the health benefits of coffee rises, that includes preventing liver cancer, type 2 diabetes, and heart failure, grows among consumers, an increase in coffee maker sales is expected. This is due to there likely will be an increase in coffee consumption. The steep rise in coffee consumption is what primarily fuels the growth of the sector.
Due to a growing number of wealthy consumers and a growing taste for gourmet varieties, there has been a surge in demand for specialty beverages, particularly coffee, in recent decades. Espresso cappuccino machines reduce the time and work involved in preparing coffee in restaurants and coffee centers. The latest innovations in the global coffee machine market trends are coffee capsules that help incorporate better tasting coffee as well as smart coffee makers that are Bluetooth, Wi-Fi, voice assistance among other features. These devices can be accessed, operated, and controlled via smartphones from any location within the house.
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Report ID: SQMIG25E2125