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Rising millennial population, higher spending on eating-out and increase in per capita food consumption in developing countries are the primary factors leading the global HoReCa drip coffee maker market during the forecast period. The market is also expected to continue being augmented by rising demand for fast food, domestic tourism and expanding young population.
The global HoReCa drip coffee maker market is, however, currently restrained by the advent of new technologies and a shift towards pod coffee and capsule coffee consumption trends. Increasing competition among key players is the main challenge for HoReCa drip coffee maker manufacturers. As competition intensifies in the sector with price wars among leading players, industry players are expected to improve the efficiency of their value chain, from inbound logistics to distribution and, to a large extent, marketing and export of products.
Revenue generated from HoReCa drip coffee maker market is estimated to be valued at roughly US$365.5 mn by the end of 2017 and is expected to decline at a CAGR of -0.4% over the forecast period. Global HoReCa drip coffee maker market are expected to be valued at approximately US$352.7 mn by the end of 2025.
Growing Preference for Pod Coffee Makers to Restrain Global Market
By HoReCa type, the drip coffee makers is segmented into quick service restaurants and the full service restaurants. Both the segments are likely to be declining in the forecast period due to the rising consumer preference towards pod coffee makers and the automatic drip coffee makers. The rising consumer tastes and preferences is further posing the market to decline in the forecasted period. Lack of time, especially in the quick service restaurants is expected to make the drip coffee makers obsolete items in the near future. Furthermore, as the new and improved coffee makers offer the same results they are expected to gradually replace the conventional drip coffee makers for most the restaurants.
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On the basis of price point, the HoReCa drip coffee makers market can be segmented into less than US$100, US$100-200, and more than US$200. The market is likely to grow in the developing regions majorly APAC and MEA region where the rising millennial population is giving rise to café culture as well as simultaneous demand for fast food.
Key Segments Covered
- HoReCa Type
- Quick Service Restaurants
- Fast Food Restaurants
- Carryout Restaurants
- Full Service Restaurants
- Fine Dining Restaurants
- Casual Dining Restaurants
- Hotel & Club Foodservice
- Price Point
- Less than US$ 100
- US$ 100-200
- More than US$ 200
- North America
- Latin America
- Quick Service Restaurants
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