The global coffee machine market size is anticipated to reach USD 7.59 billion by 2025 registering a CAGR of 3.7%, according to a new report by Grand View Research, Inc. Rising coffee consumption in Asian countries is one of the key factors driving the product demand. In addition, introduction of new products, such as green and organic coffee, is expected to result in increased demand for coffee, thereby contributing to the market growth. Coffee is a rich source of essential proteins as well as anti-oxidants, which can help prevent diseases including diabetes, Alzheimer’s, and liver cancer.
This is also projected to drive the demand over the forecast period. Demand for Ready-to-Drink (RTD) beverages, particularly coffee-infused beverages, are also projected to have a positive impact on the market. Moreover, manufacturers are investing in R&D to introduce advanced machines featuring the latest technologies. For instance, in 2018, Nestlé Nespresso S.A. invested USD 43.03 million in the creation of new production lines of its coffee system, Vertuo. Drip filter segment led the global market. The components of drip filter machine, such as filter and cone, are reusable. This has played an important role in increasing its demand.
Technological innovations will drive the segment further. For example, manufacturers are introducing smart drip machines, which can be accessed through smart phones or devices. Europe led the global market in 2018 due to high consumption of coffee. Moreover, presence of commercial infrastructure and offices also results in increasing demand for coffee machines, thereby augmenting market growth. In addition, rising number of cafes in the region will boost the growth further.
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