The
global HoReCa drip coffee maker market is highly fragmented in
nature. Strong presence of several players and low entry barriers are
expected to make the competition highly intense in the forthcoming
years. The declining growth rate of the global market is forcing
companies to launch innovative products with impactful marketing
strategies. Some of the key players operating in the global HoReCa
drip coffee market are JURA Elektroapparate AG, Bunn-o-matic Corp,
and Crem International AB.
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According
to the research report, the global HoReCa drip coffee maker market is
expected to be worth US$352.7 mn by the end of 2025. During the
forecast period of 2017 and 2025, the global market is expected to
exhibit a CAGR of -0.4%. Regionally, the Middle East and Africa and
Asia Pacific are expected show slightly positive progress in the
global HoReCa drip coffee maker market during the forecast period. In
terms of HoReCa type, the market is segment is into full service
restaurants and quick service restaurants. Both these segments are
expected to decline during the forecast period.
Drip
Coffee Maker brews coffee by percolating hot water through a brew
basket of coffee grounds. Coffee is captured in a decanter that may
be heated by a warming plate. HoReCa drip coffee makers are being
manufactured by the various large scale companies with plants, where
they are packaged and supplied globally. The majority of European
based manufacturers are supplying the products globally.
Despite
Interest in Coffee Market Faces Challenges as Capsule Coffee Gains
Momentum
Growing
urbanization and development in the foodservice industry, the
expansion of a number of MNC outlets/ local coffee chains are driving
the market. Innovative coffee shops and tea houses are bringing
late-night café culture to several countries globally. It has
become a part of culture with the rising population of millennials
being provided with essentials in the cafés such as wireless
connectivity and serene and peaceful environment and also space to
socialize. The allure of drinking a cup of coffee has become a part
of everyday lifestyle or in some cases an addiction – of today’s
growing number of millennial population. For youngsters, coffee shops
have become a place to socialize which provides a clean, peaceful and
serene environment. Coffee shops have become a part of coffee
culture.
Some
of the restraints that are potentially restricting the growth of
HoReCa
drip coffee maker market is the advent of new technologies and
the consumer shift towards pod coffee and capsule coffee, which are
some of the key roadblocks that have plagued the industry’s
development over the years. Continuous innovations are taking place
with introduction of state-of the-art technology driven coffee
machines in the market. A single machine can brew different types of
coffee nowadays and with superior quality and tasteful experience.
Preference
for Automatic Machines Hamper Sales of Drip Coffee Maker Machines
Also
at the coffee outlet’s end, the owners prefer to go for
semi-automatic or fully automatic machines due to the ease of
operations, lesser brewing time, and the wide variety of range which
is available for the consumers as per their growing and changing
demands globally. Furthermore, another prospective restraint of the
HoReCa drip coffee maker market is the young population driving the
market more for espresso coffee.
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