The coffee decoction market is estimated to grow to a valuation of US$ 6 billion in 2023 and is poised to exhibit a compound annual growth rate (CAGR) of 4.6% from 2023 to 2033 and reach US$ 10.29 billion in 2033. Decoction is a technique for obtaining an item including coffee by melting it. Ground coffee beans are used in the coffee decoction technique to permit maximum dissolving in boiling water to obtain the flavor.
The excess liquid is also known as a decoction, and this process of extraction varies from infusion and percolation. The coffee decoction maker is becoming more popular in hotels, cafeterias, and food outlets. Furthermore, such manufacturers are now accessible in several quick-service eateries for making instant-focused coffee. The global coffee decoction producer market has grown significantly in recent years, owing to the rising usage of highly concentrated coffee and increased implementations of coffee decoction makers in a variety of end-use businesses.
The massive rise in coffee consumption is the key driver of the market’s growth. This is a consequence of a rise in consumption of specialty beverages, along with coffee, in recent years as purchasers have increased and their palates for gourmet variations have expanded. As reported by the National Coffee Association (NCA), over 62.0% of the overall population in the United States drinks coffee daily.
The rising demand for non-alcoholic liquor drinks among youngsters, customer consciousness about low-sugar and non-alcoholic refreshments, hectic working routines, and evolving customer flavors are some of the factors driving future growth. The popularity of automatic coffee decoction makers is growing exponentially, enhancing product demand. Smart coffee makers with Bluetooth or Wi-Fi accessibility are a new global market phenomenon. These automatic coffee machines can be obtained via mobile phones, and consumers can regulate them wherever they are in the house using a cell phone.
Because of the growing consumption of instant and highly concentrated brewed coffee, Europe and North America are the dominant marketplaces in the global coffee decoction maker industry, respectively. The escalating utilization of cutting-edge innovation in decoction makers has expanded the market in a variety of end-use sectors.
Because of the growing demand for filter coffee and the customer trend towards high-concentration coffee, Asia-Pacific is emerging as a potential industry for coffee decoction producers. Increased spending in the advancement and research of efficacious and cost-effective coffee decoction producers will propel the global coffee decoction maker marketplace in this area even further.
Research and development grants are supporting the global expansion and requirement for cost-effective coffee decoction makers. Because of the rapid popularity of the HoReCa segment in these regions, the coffee decoction maker is gathering steam in developing markets including South Asia and East Asia.
The growing popularity of condensed and filtered coffee in these regions is boosting demand as well as development in the global coffee decoction maker market. The growing popularity of cafes and coffee shops in South and East Asia is driving up sales of coffee decoction manufacturers in these regions.
The market for coffee decoction makers is extremely competitive. Many participants are working to increase their customer base through introductions of novel goods and aspects. This aspect is attained through development and study. These practices contribute to the expansion of the profitability landscape of the coffee machine market's players. Moreover, business strategy collaborations are critical to the worldwide market's expansion. Collaborations, mergers, joint ventures, and alliances help to strengthen the stance of players in the market, consequently expanding the expansion rate.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | US$ 6 billion |
| Anticipated Forecast Value (2033) | US$ 10.29 billion |
| Projected Growth Rate (2023 to 2033) | 4.1% CAGR |
The decoction is the method of extraction by boiling of the product such as coffee. The coffee decoction method involves the ground of coffee beans to allow the maximum dissolution in boiling water to extract the flavor.
The decoction is also the same name for the resulting liquid, and this method of extraction differs from infusion and percolation. The coffee decoction maker has increasing applications in hotels and cafes and restaurants.
Additionally, such makers being made available in many quick-service restaurants for producing the instant concentrated coffee. The global coffee decoction maker is has witnessed considerable growth in the last few years backed by the increasing trend of consumption of highly concentrated coffee and increasing applications of coffee decoction maker in many end-use industries.
Europe and North America are the dominating markets in the global coffee decoction maker market respectively owing to the increasing demand for instant and high concentrated brewed coffee. The increasing use of the latest technology in the decoction maker has increased its demand in many end-use industries.
Asia-Pacific is emerging as the potential market for coffee decoction makers owing to the increasing demand for filter coffee and the increasing trend of high concentration coffee by the consumers. The increased investment in the research and development of efficient and cost-effective coffee decoction makers will further boost the growth of the global coffee decoction maker market in this region.
The market participants operating in the global coffee decoction maker market are identified across the value chain include -
The demand for the coffee decoction maker is increasing form the end-use industries of North America and Europe. The coffee decoction maker is majorly used in various hotels, cafes, and restaurants for the instant concentrated coffee making.
The investments in the research and development are backing the growth and demand for the cost-effective coffee decoction maker market around the globe. The coffee decoction maker gaining traction in the emerging markets such as South Asia and East Asia owing to the increasing penetration of HoReCa segment in these regions.
The emerging trend of concentrated and filtered coffee is gaining traction in these regions, which is fueling the demand and growth of the global coffee decoction maker market. The increasing trend of cafes and coffee joints in South Asia and East Asia is also boosting the sales of coffee decoction makers in these regions.
These emerging regions are becoming the potential market for the manufacturers of coffee decoction marker as which is creating the more lucrative opportunities in the global coffee decoction maker market.
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