The HoReCa drip coffee maker market is expected to see a surge in the growth rate during the forecast period of 2017-2025. Growth in the millennial population is the prime factor driving the growth of the HoReCa drip coffee maker market. There is a large population across the globe preferring coffee over tea in terms of their favorite beverage when they are in cafes or restaurants. This factor may also boost the HoReCa drip coffee maker market.
HoReCa drip coffee maker is a coffee brewing appliance that blends few coffee grounds to prepare superior quality coffee. The HoReCa drip coffee maker market is segmented into fine dine restaurants, carryout restaurants, cafeterias, hotel and club foodservice and fast-food restaurants.
- The HoReCa drip coffee maker market is highly competitive and has many competitors in the fray. Manufacturers in the HoReCa drip coffee maker market are focusing more on developing good quality drip coffee makers that efficiently brew good quality coffee. Technological innovations and advancements may also improve the growth prospects of the HoReCa drip coffee maker market. In addition, manufacturers are also focusing on improving value chain efficiency. Prominent players in the HoReCa drip coffee maker market are Animo B.V., Jura Elektroapparate AG, Wilbur Curtis Co., Crem International AB, and Bravilor Bonamat B.V.
- Geographically, the HoReCa drip coffee maker market is spread across Asia Pacific, the Middle East and Africa, South America, North America, and Europe. Asia Pacific may emerge as the key market shareholder. This is because of the booming young population and their inclination towards cafeterias. A rise in disposable income has also enabled people to frequently go out for eating with friends and family. The growing inclination of individuals towards traditional coffee may also benefit the HoReCa drip coffee maker market to a great extent.
Global HoReCa Drip Coffee Maker Market: Overview
Rising millennial population, higher spending on eating-out and increase in per capita food consumption in developing countries are the primary factors leading the global HoReCa drip coffee maker market during the forecast period. The market is also expected to continue being augmented by rising demand for fast food, domestic tourism and expanding young population.
The global HoReCa drip coffee maker market is, however, currently restrained by the advent of new technologies and a shift towards pod coffee and capsule coffee consumption trends. Increasing competition among key players is the main challenge for HoReCa drip coffee maker manufacturers. As competition intensifies in the sector with price wars among leading players, industry players are expected to improve the efficiency of their value chain, from inbound logistics to distribution and, to a large extent, marketing and export of products.
Revenue generated from HoReCa drip coffee maker market is estimated to be valued at roughly US$365.5 mn by the end of 2017 and is expected to decline at a CAGR of -0.4% over the forecast period. Global HoReCa drip coffee maker market are expected to be valued at approximately US$352.7 mn by the end of 2025.
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Growing Preference for Pod Coffee Makers to Restrain Global Market
By HoReCa type, the drip coffee makers is segmented into quick service restaurants and the full service restaurants. Both the segments are likely to be declining in the forecast period due to the rising consumer preference towards pod coffee makers and the automatic drip coffee makers. The rising consumer tastes and preferences is further posing the market to decline in the forecasted period. Lack of time, especially in the quick service restaurants is expected to make the drip coffee makers obsolete items in the near future. Furthermore, as the new and improved coffee makers offer the same results they are expected to gradually replace the conventional drip coffee makers for most the restaurants.
On the basis of price point, the HoReCa drip coffee makers market can be segmented into less than US$100, US$100-200, and more than US$200. The market is likely to grow in the developing regions majorly APAC and MEA region where the rising millennial population is giving rise to café culture as well as simultaneous demand for fast food.
Asia Pacific to Show Steady Interest in Drip Coffee Maker Market
On the basis of region, the markets in Asia Pacific and the Middle East and Africa are expected to dominate in terms of value over the forecast period followed by Latin America. A large number of consumer base has been developed in Asia Pacific and the Middle East and Africa for the for the fine dining restaurant and fast food chains where the consumers are spending higher in eating out with family and friends. Asia is expected to become a prominent player by the end of the forecast period with a significant CAGR attributed to increase in per capita consumption in eating out in the region. Growing disposable incomes in the developing economies of APAC and the emerging trend of coffee shops and eating out are also expected to contribute the revenue of the regional market. Furthermore, the consistent demand for traditional coffee-making methods are also expected to work in favor of the regional markets. By the end of 2025, Asia Pacific is expected to account for a share of 23.7% in the overall market.
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Some of the major companies operating in the global HoReCa drip coffee makers are Bravilor Bonamat B.V., Group SEB, De’Longhi Group, Wilbur Curtis Co., Hamilton Beach Brands Holding Company, Bunn-o-matic Corp, JURA Elektroapparate AG, Crem International AB, BSH Home Appliances Corporation and Animo B.V.