Report ID: SQMIG25AF2004
Report ID:
SQMIG25AF2004 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
107 |
Figures:
76
The global fully-automated coffee machine market is studied on the basis of geography as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The Europe region is expected to account for the largest market. According to the International Coffee Organization, Europeans consumed 242 million kilograms of coffee between June 2020 and June 2021. When the United Kingdom (21.8 million kgs) and Switzerland (9.3 million kgs) are factored in, a staggering total of 273 million kgs of coffee were consumed. Growing European interest in specialty coffees, both Arabica and Robusta, means more opportunities in the European market. These opportunities are especially appealing to exporters who can consistently supply high-quality coffees that meet the Q Arabica (Specialty Grade) and Q Robusta (Fine Robusta Grade) standards.
North America will hold large shares of the global market as the U.S. is a coffee lover country . According to a report by the National Coffee Association, espresso beverages have grown by three fold during 2016 and 2018 and it is expected to keep growing among the young population. These factors will boost the demand for coffee consumption in this region.
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REQUEST FREE CUSTOMIZATIONFully-Automated Coffee Machine Market size was valued at USD 4.22 billion in 2019 and is poised to grow from USD 4.4 billion in 2023 to USD 6.2 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
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Report ID: SQMIG25AF2004