The coffee machine market has grown during the COVID shutdowns in Australia, now that consumers are returning to work and researchers at their local cafes are predicting growth will reach around 5.7% to 8% over the next 12 months .
Among the main coffee machines sold in Australia are products from Breville and Delonghi and Nespresso as well as the high end of Jura.
Over the next five years, the espresso coffee market will see revenue growth of 7.6%, with the global market expected to reach €19 billion by 2025.
The main companies in the global espresso coffee market are Luigi Lavazza, Tchibo, Segafredo Zanetti (Massimo Zanetti Beverage Group), Bristot (Procaff SpA), illy, Co.
Locally, major coffee suppliers include Jacobs Douwe Egberts, Vittoria Coffee Pty Ltd, Nestlé SA, Luigi Lavazza SpA, Conga Foods Pty Ltd and The Coca-Cola Company, among others.
According to Grand View Research, brands such as Nespresso that dominate in Europe are currently investing millions in new coffee machines and a new generation of coffees.
One of the major drivers of market growth is the increase in coffee consumption in Asian countries which in the past traditionally drank the key.
Also, the introduction of new products, such as green and organic coffee, is expected to lead to increased consumption by researchers.
Research shows that manufacturers are pushing the growing benefits of coffee, such as reducing the risk of type 2 diabetes, liver cancer and liver disease, and protecting against heart failure, with the aim of increase coffee consumption.
Research shows that consumers prefer coffee machines over homemade coffee due to the increased demand for coffee and the desire for gourmet coffee variations.
This trend has led to a significant increase in coffee machine sales during COVID shutdowns.
Australia is still considered a developing market compared to Europe, which dominates the global market and accounts for 36.0% of the global share.
Developing countries, including India, China and Australia, are expected to be the main contributors to growth in the Asia-Pacific region.
According to Mordor Intelligence, the market fell due to the closure of cafes and restaurants due to lockdowns and self-quarantine measures. Now, post-recovery and post-lockdown, the market is expected to grow steadily as consumers embrace a combination of working from home and going to work.
Mordor researchers claim that a significant proportion of Australians have been shown to choose coffee every day.
Due to the high frequency of coffee drinkers in the country, the market has a bright future.
Furthermore, over the projection period to 2025, more than 4 in 5 Australians will spend money on coffee every week, demonstrating that the country has a well-established coffee culture.
The majority of coffee consumers purchase a different variety of coffee through online delivery channels. A large number of consumers are ordering their coffee online, increasing home coffee consumption.
According to analysis by Mordor Intelligence, the growth rate of home coffee has increased to 37% during COVID in Australia.
About the author of the article