The coffee roaster market is expected to register a CAGR of 5% by garnering a market value of US$ 701.24 Billion in 2032 from US$ 430.5 Billion in 2022. The market is significantly driven by the growing consumer inclination towards coffee consumption across the world. From 2021 to 2022, the market experienced a Y-o-Y incline of 5%.
According to the International Coffee Council, consumer preference in South and East Asia is changing with favorable demand for the consumption of fresh coffee. This increasing demand for fresh coffee in countries in the Asia Pacific are significantly contributing to the increasing coffee consumption.
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What is the Intensity of the Competition in the Global coffee roaster Market?
Key players in the global coffee roaster market include US Roaster Corp., Coffee Holding Company Inc., Behmor Inc., Hottop, and Giesen Coffee Roasters. Some of the recent developments in coffee roaster market are:
- In March 2022, Breville Group Ltd. launched beanz.com, an e-commerce platform featuring around 50 specialty coffee roasters for residential use.
- In December 2021, Starbucks introduced its new oat dairy alternative coffee in its espresso segment. It includes three combinations of flavors, Vanilla & Strawberry, Hazelnut & Honey, and Dark Cocoa & Orange, which are uniquely handcrafted to enhance a distinctive flavor. It also announced its plan to not charge extra for dairy-alternative products from January 2022.
- In September 2021, Nespresso of Nestle SA launched its coffee roasting machine “Roasterlier.” It aims to provide the most reasonable coffee roasting solutions for HoReCa entrepreneurs across the world, starting with Europe. The machine is customizable to prepare Arabica coffees in a sustainable way.
Key Segments Covered in the Coffee Roasters Market Study
Coffee Roasters Market by Type :
- Direct Fire Coffee Roasters
- Half Hot Air Coffee Roasters
- Hot Air Coffee Roasters
- Other Coffee Roasters
Coffee Roaster Market by Application :
- Industrial Coffee Roasters
- Commercial Coffee Roasters
- Residential Coffee Roasters
Coffee Roaster Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa