China Coffee Machine Market Size & Outlook, 2022-2030
China coffee machine market, 2018-2030 (US$M)
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China coffee machine market highlights
- The China coffee machine market generated a revenue of USD 273.0 million in 2022 and is expected to reach USD 461.1 million by 2030.
- The China market is expected to grow at a CAGR of 6.8% from 2023 to 2030.
- In terms of segment, drip filter was the largest revenue generating product in 2022.
- Pod/ Capsule is the most lucrative product segment registering the fastest growth during the forecast period.
Coffee machine market data book summary
| Market revenue in 2022 | USD 273.0 million |
| Market revenue in 2030 | USD 461.1 million |
| Growth rate | 6.8% (CAGR from 2022 to 2030) |
| Largest segment | Drip filter |
| Fastest growing segment | Pod/ Capsule |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Drip Filter, Pod/ Capsule, Espresso, Bean-to-Cup |
| Key market players worldwide | Panasonic Holdings Corp, Nestle SA, De'Longhi SPA, Electrolux AB ADR, Koninklijke Philips NV, Hamilton Lane Inc Class A, Robert Bosch Engineering & Business Solutions, JAB Holding Company, Morphy Richards, Schaerer |
Other key industry trends
- In terms of revenue, China accounted for 4.3% of the global coffee machine market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan coffee machine market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 461.1 million by 2030.
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Coffee Machine Market Scope
Coffee Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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China coffee machine market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to coffee machine market will help companies and investors design strategic landscapes.
Drip filter was the largest segment with a revenue share of 53.37% in 2022. Horizon Databook has segmented the China coffee machine market based on drip filter, pod/ capsule, espresso, bean-to-cup covering the revenue growth of each sub-segment from 2018 to 2030.
Evolving taste of the consumers for sophisticated coffee and growing preference for coffee is acting as a major driver for the growth of coffee machine. Growing number of attendees in conferences such as HOTELEX exhibition in Shanghai, an international trade fair for hospitality sector is generating more penetration for coffee machine in China.
Also, as per ICO, the consumption of coffee in china increased with an annual growth rate of 12%. Also, in November 2017, the Tariff Department of the Ministry of Finance in China, reduce import duty from 32% to 10% on imported goods, including coffee machines.
As per ICO, the consumption of fresh and ground coffee increased by 865% in 15 years, and consumers in the region are using drip filter coffee machine at homes and office to brew fresh coffee. Also, lower price owing to high completion from local manufactures is gaining traction among consumers.
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Our clientele includes a mix of coffee machine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China coffee machine market , including forecasts for subscribers. This country databook contains high-level insights into China coffee machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China coffee machine market size, by product, 2018-2030 (US$M)
China Coffee Machine Market Outlook Share, 2022 & 2030 (US$M)
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