CHICAGO, April 16,
2024 /PRNewswire/ -- Arizton publishes the latest
focus insight report on the US office coffee services market &
the US coffee machines market.
The US Office Coffee Services Market & U.S. Coffee
Machines Market Report Scope
Report
Attributes
|
Details
|
US Office Coffee
Services Market Revenue (2029)
|
$3.2
Billion
|
CAGR
(2023-2029)
|
3.73 %
|
U.S. Coffee Machines
Market Revenue (2029)
|
$8.44
Billion
|
CAGR
(2023-2029)
|
1.86 %
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
The US Office Coffee Services Market to
reach $3.2 Billion by 2029
The U.S. office coffee services market report contains
exclusive data on 35 vendors. The U.S. office coffee services
market's competitive scenario is intensifying, with global and
domestic players offering diverse products. Regarding market share,
a few major players are currently dominating the market. Aramark
Corporation, Compass Group, Keurig Dr Pepper, Peet's Coffee, and
Sodexo dominate the market.
Coffee holds a commanding position within the office coffee
service market, representing a substantial share. This dominance
stems from the evolving preferences of employees who seek
high-quality and premium coffee experiences in their workplace.
Notably, the market is witnessing a surge in demand for specialty
coffee blends, highlighting a shift towards a more sophisticated
coffee culture within offices. The adoption of single-serve coffee
pods has witnessed a remarkable upswing, primarily owing to their
unparalleled convenience. These pods, compatible with popular
machines, offer a hassle-free brewing experience, catering to the
fast-paced office environment. This trend underscores the
importance of convenience and efficiency in the coffee service
market. A noteworthy trend shaping the coffee segment is the
heightened focus on sustainability and ethical sourcing of coffee
beans. Office coffee providers are increasingly aligning their
offerings with environmentally conscious practices, responding to
the growing awareness and preferences of environmentally conscious
consumers in the workplace.
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Key Development
- In 2023, a collaboration between Sodexo and For Five Coffee to
create a modular barista bar for a New
Jersey-based client reflected a creative response to
workplace challenges. This development underscores the significance
of tailoring coffee services to accommodate diverse office
environments. Market players should focus on adaptable solutions,
considering space constraints and infrastructure limitations, to
meet the unique needs of office clients and enhance employee
experiences.
- In 2023, Quench's acquisition of Neighbors Coffee highlighted
the growing importance of comprehensive offerings in the office
coffee service market. This development suggests a trend towards
consolidation and diversification to provide a broader range of
premium beverages. Market players should explore strategic
partnerships and acquisitions to expand their service portfolios,
meeting the increasing demand for varied office beverage
solutions.
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Segmentation & Forecast
Service Type (Revenue): Coffee & Non-Coffee
Beverages
Coffee Type (Revenue): Drip Coffee, Espresso,
Cappuccino, Lattes & Others
Non-Coffee Type (Revenue): Tea, Juices, Hot
Chocolate, & Others
Service Provider (Revenue): Nationwide Coffee Service
Providers, Local Coffee Service
Providers & E-commerce Coffee Service Providers
End-User (Revenue): Large Enterprises &
SMEs
List of Vendors
Key Vendors: Aramark Corporation, Compass
Group, Keurig Dr Pepper, Peet's Coffee,
& Sodexo
Other Prominent Vendors: Corporate Essentials,
Daiohs USA, InReach,
SunDun, Coffee Ambassador, Break Coffee, Royal
Cup Coffee, Quench USA,
Nestlé, Luigi Lavazza,
American Food & Vending, Houston Coffee Services, Bottoms Up
Vending, Café Services, Berry
Coffee, Evergreen Refreshments, World Cup Coffee, US Coffee,
Office Coffee Deals, Office Coffee Services HQ, Cantaloupe, Aroma
Coffee, Coffee Mill, USConnect, Hangar Coffee Roasters, Capitol
Vending and Coffee, Denver Beverage,
Redcup Beverage Service, Joyride & Vim Coffee Catering
The U.S. Coffee Machines Market to Reach $8.44 Billion by 2029
In the US coffee machines market, there are many new trends that
lead to drive the demand for coffee machines. In this market, big
data, touch screens, integrated Bluetooth and Wi-Fi networking, and
the Internet of Things (IoT) are some of the most recent
technological developments in coffee machines. Technological
advancements have greatly benefited the coffee business, especially
since the introduction of IoT and AI. These technologies simplify
the process for users while ensuring consistent outcomes for each
coffee cup. The programmable coffee makers are becoming smarter and
easier to use, with features such as smartphone apps and built-in
Wi-Fi. The automatic coffee machines are gaining popularity among
residential customers, and it provides immense convenience to the
users offering café like coffee experience at the comfort of their
homes. The growing interest in specialty coffee has resulted
in a greater demand for coffee machines capable of producing
high-quality, personalized beverages. All these factors of
convenience and personalization provided by the coffee machines is
boosting the market for coffee machines.
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Key Players Introduce Fully Automatic Espresso Machines to
Meet Modern Demands for Convenience and Consistency
Automatic espresso machines offer unparalleled convenience with
their one-touch operation, making them ideal for delivering
espresso quickly and consistently. However, this efficiency comes
with a trade-off: limited customization options, which may not suit
individuals who prefer a hands-on approach to coffee preparation. A
subset of automatic machines, known as super-automatic or
ultra-automatic espresso machines, simplifies the process even
further by using pre-packaged coffee capsules. Users simply insert
a capsule and press a button, making them incredibly user-friendly.
However, this simplicity comes at the cost of customization, as
options for adjusting the brew to individual preferences are
limited. While automatic and ultra-automatic espresso machines save
time and offer user-friendly solutions for those seeking a quick
and consistent espresso experience, they lack the flexibility for
experimentation with different coffee profiles and brewing
techniques. Nonetheless, the convenience of obtaining a quality
brew at the touch of a button aligns well with the fast-paced
lifestyles of many modern consumers, making automatic machines an
appealing choice for those with hectic schedules. To meet the
demands of this market segment, many key players are introducing
new fully automatic coffee machines tailored to these
preferences.
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Segmentation & Forecast
Product (Drip Coffee Machines, Pod/Capsule Coffee
Machines, Espresso Coffee Machines, Bean-To-Cup Coffee Machines
& Others)
Operations (Automatic, Semi-Automatic &
Manual)
End-user (Commercial & Residential)
Distribution Channel (Direct, Coffee Roasters, Big
Box/Super Stores, Specialty Retail Stores, Online Stores &
Others
Vendors List
Key Vendors: Behmor Inc., BLACK & DECKER, Bravilor
Bonamat B.V, BUNN-O-Matic Corporation, De'Longhi Group, Electrolux
AB, Haier, Evoca Group, Farmer Brothers, Franke Kaffeemaschinen AG,
Hamilton Beach Brands Inc., Keurig Green Mountain Inc., Koninklijke
Philips N.V., Lavazza, Melitta, Nestlé SA, Panasonic Holdings
Corporation, & Breville
Other Prominent Vendors: Robert Bosch GmbH, KitchenAid,
Moccamaster USA, Whirlpool
Corporation, Mr. Coffee, National Presto Industry. Inc, Quench,
Regal Ware, SharkNinja Operating LLC, Spectrum Brands, Inc.,
Sunbeam Products Inc, The J.M. Smucker Company, Westrock Coffee,
WMF GmbH, Helen of Troy Limited, P&G, Sensio Inc., Jura
Elektroapparate AG, Conair Corporation, & Instant Brands
Inc.
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