According to the report published by Allied Market Research, the global coffee roastermarket garnered$448.90 million in 2021, and is estimated to reach $741.90 million by 2031, witnessing a CAGR of 5.2% from 2021 to 2031.
Many kinds of coffee roasters are available in the market. Furthermore, the form and key source of heating these coffee roasters dependon the applications and conditions in which they are utilized. The machines used in residential and industrial applications vary in operations, size, intensity, and type.
With immense coffee intake, coffee producers are expanding their product line for satisfying the taste of locals along with packaging coffee in designs having visual appeal in local markets. This will favorably influence the growth of the coffee roaster market. For instance, Finland is the largest coffee consumer followed by Norway. In addition, coffee intake has risen by 16% per year in the past 10 years in China. This has made China the 17th largest consumer of Coffee across the globe.
The rise in the intake of coffee among the youth has driven the demand for coffee. Moreover, the surge in demand for coffee can be attributed to factors such as rising disposable income and rapid urbanization.The European coffee roaster industry is gaining traction due to the high consumption, production, and export of coffee. This will create favorable conditions for the growth of the global coffee roaster market.
Surging coffee culture, the swift growth of global chain coffee units, acceptance of coffee roasting as a tool of relaxation, and thriving startup businesses will boost global coffee roaster market trends. Up-gradationsof coffee roasting machines are predicted to make the process easier and more efficient and will boost the market growth. Nonetheless, huge investment costs for commercial units owing coffee roasters can deter market expansion.
The coffee roaster market is categorized into type, category, end user, distribution channel, and region. On basis of type, theglobal coffee roaster market is divided into the drum, hot air, stove top, and others. Based on category, the market is sectored into electric roaster and gas roaster. In terms of end user, the coffee roaster industry is segregated into commercial and residential. Based on distribution channel, the market is divided into hypermarkets/supermarkets, business to business, online, and specialty stores. Region- wise, the market is segmented into North America, Asia-Pacific, Europe, and LAMEA.
The participants in the global coffee roaster market have implemented new business strategies for expanding their market share, increasing profitability, and gaininga competitive advantage. The key players operating in the global coffee roaster market include Buhler Group, Toper, Diedrich Manufacturing Inc., Genio Roasters, Nestle S.A., Giesen Coffee Roasters, Mill City Roasters, Panasonic Corporation, Roaster & Roaster, and U.S. Roaster Corp.
Key findings of the study
- Based on the type, the drum roaster segment dominated the global market share in 2021, and is predicted to retain dominant status during the forecast period.
- In terms of category, the electric roaster segment is predicted to be the fastest growing segment during the assessment timeline.
- On basis of the end user, the residential segment is projected to be the fastest expanding one during the projected timeframe.
- By distribution channel, business to business segment led the global market in 2021 and is projected to retain its leading position during the forecast timeline.
- Region-wise, Europe ledthe regional market growth and will maintain its dominance during the anticipated timeline.