Coffee Roaster Market Growth & Trends
The global coffee roaster market size is expected to reach USD 639.7 million by 2028, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing specialty coffee consumption and rising popularity is expected to propel the growth of the market. Many coffee shops and cafes are increasingly roasting coffee beans in-house and serving this fresh coffee to the customers. Surging demand for flavor, aroma, and fresh coffee is anticipated to boost the coffee roasting machines market. Fresh-roasted coffee is loaded with nutrients and antioxidants, which benefit the overall health of the consumers by preventing cancer risk by boosting the immune system and other brain & liver-related health problems. Furthermore, the expansion of coffee shops and café culture in developed and developing economies is contributing positively to the market growth.
The COVID-19 pandemic had a negative impact on the market growth as it disrupted the global supply chain and trade activities. To curb the infection, various nations imposed restrictions and lockdowns, declining consumer coffee intake at cafes and restaurants, majorly in the European countries and U.S. However, the market is expected to recover and perform well with the relaxed restrictions and regulations. The pandemic also resulted in the surge in demand for household consumption of coffee giving a boost to the sales of residential coffee roasters, significant in the U.S.
Residential segment by application is expected to grow at a CAGR of 5.6% over the forecast period. Residential roasting offers several benefits for coffee addicts/enthusiasts and caters to the preference for freshly roasted coffee. Many coffee drinkers are adopting and following the home roasting trend as they want to experience the complete aroma and freshness of the coffee bean. Residential roasting is something undertaken recreationally, without any goals of profit and purely to enjoy the taste. Companies like Roastmasters, Gene, and Aillio have been selling a wide range of home roasting equipment to consumers. Furthermore, new product launches are likely to positively drive the growth of the segment. For instance, IKAWA Ltd. Launched the IKAWA Pro100 sample roaster with a batch capacity of 120 gm.
By type, the hot air segment accounted for the highest share in 2021. Hot air segment of coffee roasters accounted for over 40% market share on a revenue basis. Hot air style coffee roaster is available for industrial as well as commercial applications. The hot air is produced by burning fuel and is passed through the chamber of coffee beans, where the roasting process is carried out. The higher preference for this type is due to the even roasting of coffee beans by surface contact of hot air. In this type, coffee beans are roasted over a longer period and produce a more developed and rich flavor of coffee beans.
Central and South America is expected to register 2nd growth rate, with a CAGR of 6.5% over the forecast period. In 2019, Brazil’s largest coffee roaster Tres Coracoes held a 27% market share in the country’s overall roasted coffee production volume. The company has planned to expand in Central & South America through acquisitions in Chile, Paraguay, Uruguay, Argentina, and Bolivia, driving the demand for a coffee roaster. The company has acquired eight companies in Brazil since 2005.
Request a free sample copy or view report summary: Coffee Roaster Market Report
Coffee Roaster Market Report Highlights
- Asia Pacific is expected to register the fastest growth rate, with a CAGR of 6.7% from 2022 to 2028. Increasing demand for aromatic and fresh coffee and the rising popularity of branded coffee shops drive the demand in the economies such as India, Thailand, Vietnam, and Indonesia
- The commercial coffee roaster segment held the second-largest market share over 40% in 2021. The increasing number of coffee shops and café culture across the world are driving the segment growth
- The half hot air segment is expected to register the fastest growth, with a CAGR of 6.2% from 2022 to 2028. This can be credited to its increasing popularity due to optimum consumption of heat and reduced roasting period
Access Press Release@ https://www.grandviewresearch.com/press-release/global-coffee-roaster-market
Coffee Roaster Market Segmentation
Grand View Research has segmented the global coffee roaster market based on type, application, and region:
Coffee Roaster Type Outlook (Revenue, USD Million, 2017 - 2028)
- Direct Fire
- Half Hot Air
- Hot Air
- Others
Coffee Roaster Application Outlook (Revenue, USD Million, 2017 - 2028)
- Industrial
- Commercial
- Residential
Coffee Roaster Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- US.
- Canada
- Europe
- Germany
- Italy
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- Saudi Arabia
List of Key Players of Coffee Roaster Market
- LUIGI LAVAZZA SPA
- Nestle
- Lilla de Máquinas Ind.
- Diedrich Manufacturing Inc.
- Giesen Coffee Roasters
- TOPER ROASTER
- Joper Roasters
- Nesco
- US Roaster Corp.
- Sonofresco
- Genio Roasters
- Ambex Roaster
- Hottop
- CANTARELLA BROS PTY LTD
- Gracenote Coffee Roaster
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
No comments:
Post a Comment