Coffee Machine Market Size

Coffee Machine Market size is anticipated to reach USD 159 billion by the end of 2036, growing at a CAGR of 7% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of coffee machine was over USD 12 billion. The growth of this market can be attributed on the back of increasing consumption of coffee all over the world. This can be justified on the back of increasing demand for specialty beverages such as coffee owing to the increasing number of notable consumers and range of gourmet options. As per the statistics in the US around 62% of the total population every day consumes coffee.

The most recent developments in the market include the release of coffee capsules that provide better-tasting coffee and smart coffee makers that are equipped with Bluetooth, Wi-Fi, voice assistance, and other features. These coffee makers can be obtained, operated, and managed through smartphones from any part of the house. Due to their extreme convenience, customers' growing desire for these smart coffee makers is anticipated to have a major positive impact on the growth of the worldwide coffee machine market throughout the studied period.