Coffee Machines Market Trends

The love for coffee is spreading like wildfire, and it's not just a trend in developed countries – developing nations are embracing this caffeinated delight too. Coffee is a globally cherished beverage, with approximately 71% of the US population sipping on it every single day. Europe has been in on the coffee scene for quite some time, and now, the focus is shifting towards the rapidly growing Asia-Pacific region. Asia-Pacific is not only a bustling market for various industries but is also home to a large population with an increasing affinity for coffee. Countries like Japan and South Korea stand out for their developed taste for coffee. The US Department of Agriculture predicts that the world will consume a staggering 167.9 million bags of coffee between April 2019 and March 2020. This projection is significant, considering that one bag equals 60 kg of coffee. The International Coffee Organization sheds light on the remarkable surge in global coffee consumption. Between 1990 and 2016, the world witnessed a substantial increase, with coffee consumption jumping from 93.6 million bags to a whopping 157.3 million bags. The organization valued the entire coffee industry, based on worldwide consumption and retail prices, at around USD 188.9 billion in 2016. Urbanization is happening rapidly, and people are finding themselves with more money to spend. This has given rise to a growing interest in portable coffee makers – small, handy devices that let you enjoy your favorite brew on the go. Developing countries such as China and India, with their large populations and a penchant for Western trends, present lucrative markets for coffee-related products. The demand for coffee is not limited to these giants; other emerging economies like Indonesia, the Philippines, Thailand, and Malaysia have also seen a surge in coffee consumption in recent years. The increasing affinity for coffee in developing countries has a significant impact on the market for portable coffee makers. As more people seek the convenience of enjoying their favorite beverage anytime, anywhere, the sales of portable coffee makers are witnessing a substantial uptick. The love for coffee is transcending borders, cultures, and economic landscapes, creating a global coffee community that continues to grow. In conclusion, the world's growing love for coffee is not just a passing trend – it's a flavorful journey that is uniting coffee enthusiasts across the globe.