The North America Coffee Machine Market would witness market growth of 5.1% CAGR during the forecast period (2022-2028).
Caffeine, present in coffee, is a stimulating bioactive compound that has an effect on the central nervous system, along with benefitting in diseases like liver cancer, type 2 diabetes, and heart failure. The compound also helps in improving long-term memory, inactivating myofibroblasts that are associated with breast cancer, improving sports performance, and reducing rates of mortality among coffee consumers.
Coffee has emerged as an essential non-alcoholic beverage substitute and an adequate refreshment. As a result, the demand for coffee has increased in places like office cafeterias and restaurants. This impacts the demand for coffee machines, as the whole coffee-making process is speeded up through the usage of machines. Additionally, coffee-based beverages are increasing in demand as consumers become more aware of the ill effects of sugary and alcoholic drinks.
In this region, wellness and health trends have been emerging for some time. Granted the benefits of coffee, its consumption and preference have hugely increased. More households are preferring homemade coffee, and many people are purchasing specialty coffees. The rise in coffee consumption can also be attributed to the high millennial proportion present in the region. According to recent studies, young people in North America are drinking more coffee.
The US market dominated the North America Coffee Machine Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,003.7 million by 2028.The Canada market is poised to grow at a CAGR of 7.1% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.8% during (2022 - 2028).
Based on Application, the market is segmented into Commercial and Residential. Based on Product, the market is segmented into Drip Filter, Pod/Capsule, Espresso and Bean-to-Cup. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Coffee Machine Market is Predict to reach $8.7 Billion by 2028, at a CAGR of 5.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AB Electrolux (Electrolux), Koninklijke Philips N.V., Hamilton Beach Brands, Inc. (Hamilton Beach Brands Holding Company), Robert Bosch GmbH (BSH Home Appliances Corporation), Breville Group Limited, Newell Brands, Inc. (Mr. Coffee), Whirlpool Corporation, Keurig Dr Pepper, Inc. (Keurig Green Mountain, Inc.), Schaerer AG (WMF) (Groupe SEB ), and Glen Dimplex Europe Holdings Limited (Morphy Richards)
By Application
By Product
By Country
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