Smart Drip Coffee Maker Market Product Overview and Scope to 2028 (2023)

FAQs

What is the market share of drip coffee maker? ›

Drip filter dominated the global coffee machine market with a share of 54.1% in 2021. This is attributable to the increasing introduction of these products integrated with advanced features that have boosted its application in the quick-service restaurants and high-quality coffee providers.

A coffee maker is described as a plug in appliance that pushes hot water through coffee beans to create coffee. A coffee maker is composed of a heating plate on the bottom, a glass pitcher to catch the coffee in, a water reserve tank, a cup of to hold coffee grounds, and a tube to tie this all together.

The target market for coffee makers generally includes those who love coffee and don't always have the time or desire to get to a coffee shop when they feel like a coffee. One of the interesting reasons why people buy coffee machines is to save money.

Revenue in the Coffee Machines segment amounts to US$3.61bn in 2023. The market is expected to grow annually by 2.39% (CAGR 2023-2028).

Global Coffee Market Outlook. The global coffee market stood at a value of around USD 126.38 billion in 2022. The market grew at a CAGR of 4.82% in the historical period of 2018-2022 and is expected to grow at a CAGR of 6.7% in the forecast period of 2023-2028.

The key benefit of drip coffee is that it's very easy to prepare and requires no particular brewing experience. It's also possible to make large batches of coffee with the one brewing cycle, making it a popular choice for use in offices and restaurants.

For example, a children's toy may have boys ages 9–11 as the target market and the boys' parents as the target audience. It may also be defined as the consumer segment most likely to be influenced by an advertising campaign. The target market is also distinct from the buyer persona.

Americans Aged 60 or Older Drink the Most Coffee

The most devoted demographic of coffee drinkers in the U.S. is those aged 60 or older.

The first segment prepares beverages for their clients, as does the second group along with meals, and the third segment sells the whole bean and ground coffee unprepared to their customers.

Largest Coffee Companies Research Summary

The largest coffee company in the world is Starbucks, with a revenue of $29.061 billion and a U.S. market share of 33%.

Who is the largest coffee buyer? ›

Starbucks is the largest coffee company in the world.

Owing a coffee maker will not just save you a lot of your hard earned money, but also give an impression to others that you are serious about your cup of coffee. If you drink one cup of coffee a day, then it will save your $2-3 every day. You can save both gas and time by avoiding a trip to the nearest coffee café.

Each coffee machine consists of a water tank, an overflow water heating system, a shower spraying water over coffee, a dripper, a warming plate, a coffee pot and a coffee scoop, often included in the set.

As per Statista's findings, the coffee industry in India is valued at $808 million and is projected to exhibit a compound annual growth rate (CAGR) of 8.9% from 2020 to 2025.

State of the Coffee Shop Industry

In December of 2019, forecasts predicted that the coffee shop industry would grow by $58.7B, with a compound growth rate globally of 4.1%. The surprising result is that despite lockdowns and shutdowns, the global coffee market is forecast to grow to over $237.6B by 2025.

Atmosphere, great customer service and high quality products create an experience the customer wants to have over and over again. Engagement is the key! Customer service is something that we never compromise. Also cleanliness of the brewing equipment really makes difference!

Portable, convenient, and easy to use, drip coffee bags have become increasingly popular in recent years.

Drip coffee: Drip coffee machines control all of the variables like pour speed, water temperature or brew time for you. It may appear the power of making the coffee is taken from you, but the drip coffee maker leaves little room for human error and gives you consistency every time.

Demographic, psychographic, behavioral and geographic segmentation are considered the four main types of market segmentation, but there are also many other strategies you can use, including numerous variations on the four main types.

What are the 4 main types of target market? ›

The four target markets are geographic, demographic, psychographic, and behavioral.

There are many ways to segment markets to find the right target audience. Five ways to segment markets include demographic, psychographic, behavioral, geographic, and firmographic segmentation.

Over 50% of men drink coffee compared with only 32% of women. If we dig deeper we can see that the majority of Women who don't drink coffee, don't because they dislike the taste.

Millennials are the largest generational group in the United States, one of the most important global coffee-consuming markets, with an estimated population over 72 million people aged 24-39.

In 2020, people aged 70 and over drank about 2.18 cups of coffee per capita in the United States, making it the age group that drank the most coffee on average that year.

The Asia-Pacific region is estimated to be the fastest-growing specialty coffee market in the world. According to Research and Markets, the region's specialty coffee sector will experience a 15.3% annual growth rate from now until 2030.

The factors majorly driving the market's growth are the increasingly busy lifestyles and long working hours, leading to US coffee chains becoming more popular among customers who enjoy their coffee on the go. Consumers in the United States demand premium products that emphasize quality.

The gross profit margin for a cup of coffee is around 70 to 80%.

With annual revenues of $23.52 billion, Starbucks tops the list of best coffee brands in the world. The world's largest coffee retailer, headquartered in Seattle, US, was founded in 1971. At present, its operations span across more than 33,800 stores in 80 countries.

What is a typical coffee profit margin? ›

You can even expect up to 93.5% gross profit for every cup of coffee you sell. The best way to maintain the profit margin of your coffee shop is with effective cost management and a suitable concept for your location. Another option to consider is to open a donut shop or cafe that serves food in addition to coffee.

Starbucks competitors include Whitbread, McDonald's, Subway, Costa and Dunkin'. Starbucks ranks 1st in Employee Net Promoter Score on Comparably vs its competitors.

As measured by revenue, Starbucks is the largest coffee company globally, and they pulled in a massive USD 26.5 billion in 2020. Headquartered in Seattle, the brand is known for its chain of familiar coffee houses that span the globe. Just how many Starbucks are there worldwide?

Colombia was the biggest coffee trading partner of the United States in 2021, with the U.S. importing 1.47 billion dollars' worth in that year. Brazil, another South American country known for its coffee tradition, was second, exporting over 1.33 billion dollars of coffee to the U.S. in the same year.

The market size, measured by revenue, of the Coffee Production industry is $13.0bn in 2023. What is the growth rate of the Coffee Production industry in the US in 2023? The market size of the Coffee Production industry is expected to decline -1.8% in 2023.

Starbucks is by far the largest coffee house chain in the world in terms of revenue, generating more than 10 times the revenue of its closest competitor, Costa Coffee, in 2015. In 2016, Starbucks had more than 25,085 outlets worldwide.

Overall company Market Share Q4 2022

Keurig Dr Pepper Inc achieved revenue growth of 12.15 % in Overall company, and improved market share, to approximate 4.95 %. << More on KDP Market Share. *Market share is calculated based on total revenue.

In 2020, the drip coffee maker was used by 41 percent of coffee drinkers in the United States for their past-day consumption. While it was still the favorite method of the year, 46 percent fewer people used drip-coffee makers compared to ten years ago.

Starbucks' market share in 2022 is above 37% in the US.

Euromonitor data also found that sales of the machines grew from 1.8 million units in 2008 to 11.6 million in 2013. In May 2021, Starbucks took up 22% of the coffee pod market while Keurig-owned brands were at 11.2%.

What is Keurig competitive advantage? ›

Keurig's first competitive advantage is its business model, which combines the expertise of a retail beverage company with that of a high-tech appliance company.

The future of the K-Cup® industry is bright. The United States coffee pods and capsules market is projected to grow at a compound annual growth rate of 3.1% between 2020 and 2025.

To summarize, the average customer likely to purchase a coffee machine from Keurig is likely to be between 20-50 years old, coming from a middle-class family, leading an active and hard-working lifestyle, and having a daily coffee routine.

Opened or freshly ground coffee should be stored in an airtight container at room temperature away from heat, light, and moisture. For maximum freshness, consume within 1–2 weeks.

Largest Coffee Companies Research Summary

The largest coffee company in the world is Starbucks, with a revenue of $32.25 billion and a U.S. market share of 37%.

Making a cup from the Keurig is way easier than figuring out a coffee maker. The Keurig's main appeal is how freaking simple it is. You just fill up the water tank, pop in a pod, press start, and you'll have coffee in less than a minute.

There were enough K-cups thrown out in 2011, according to Carpenter, to encircle the globe more than six times. Today, K-cup trash could wrap around the Earth more than 10 times. Coffee pods aren't dead just yet — they still make up about a third of all coffee sold in the United States.

Grounds individually sealed into pods mean that the coffee and tea are fresh with every single use. Its also a huge advantage not to have to brew a whole pot or fill a whole press for just one cup. Pods allow you to make one serving of coffee at a time.