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HoReCa Drip Coffee Maker Market Report
HoReCa Drip Coffee Maker Market Trends, Dynamics & Market Insights
HoReCa Drip Coffee Maker Market, By Price Point (Less Than US$100, US$100-200, More Than US$200), Application (Fast Food Restaurants, Cafeterias, Carryout Restaurants, Fine Dining Restaurants, Casual Dining Restaurants, Hotel, and Club Foodservice), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global HoReCa Drip Coffee Maker market. The historic years considered for the study are 2016-2019, the base year is 2020, and the forecast period is 2021-2026.
The HoReCa Drip Coffee Maker market is projected to grow from USD 310.4 million in 2020 to USD 333.4 million by 2026 at a CAGR of around 1.2% during the forecast period.
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HoReCa drip coffee maker is defined as a coffee brewing appliance that blends a few coffee grounds to prepare superior quality coffee. Drip coffee is defined as a type of coffee in which brewed coffee is made by mixing hot water with ground coffee contained in a filter and then collecting the coffee as it drips into a glass below the filter.
Key players operating in the HoReCa Drip Coffee Maker market are-
The growth of the HoReCa drip coffee maker market is primarily driven by increasing consumer preference for coffee. The rising number of quick-service restaurants in developing countries is expected to drive the growth of the HoReCa drip coffee maker at a significant rate during the review period. Additionally, surging demand for advanced drip coffee makers with innovative features is likely to create lucrative opportunities for the market players during the review period.
By application, the HoReCa drip coffee maker market has been bifurcated into fast-food restaurants, cafeterias, carryout restaurants, fine dining restaurants, casual dining restaurants, and hotel & club food service. Under these, the fast-food restaurant's segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high product adoption rate coupled with the presence of key market players such as Wilbur Curtis Co., Inc. (US) and Hamilton Beach Brands Holding Company (US). The market growth in the Asia-Pacific region is expected to be driven by an increasing number of people consuming coffee in developing countries, particularly China and India.
The outbreak of the COVID-19 virus has affected the growth of the bottles industry significantly. Stringent lockdown measures and restricted movement of people affected the production and product supply for a short period and thus, affected the market growth.
Here is the list of the group of customers that the HoReCa Drip Coffee Maker Market hopes to have the greatest opportunity to convert-
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The HoReCa Drip Coffee Maker Market size is expected to reach USD 333.4 million in the foreseeable future.
Bravilor Bonamat (Netherlands), De'Longhi S.p.A. (Italy), Wilbur Curtis Co., Inc. (US), Hamilton Beach Brands Holding Company (US), Jura Elektroapparate AG (Switzerland), Crem International AB (Sweden), BSH Hausgeräte GmbH (Germany) and Animo B.V. (Netherlands) are among the key players in the HoReCa drip coffee maker market.
The HoReCa drip coffee maker market is expected to witness an impressive growth of 1.2% CAGR in the coming years.
The fast-food restaurant's segment is expected to register significant growth in the HoReCa drip coffee maker market in the coming years.
North America accounted for the largest share in the HoReCa drip coffee maker market in 2020.
HoReCa drip coffee maker distributors, HoReCa drip coffee maker suppliers, HoReCa drip coffee maker manufacturers, Logistics organizations, Government bodies are the target audience in the HoReCa drip coffee maker market.
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