DUBLIN--(BUSINESS WIRE)--The "Coffee Roaster Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.
The global coffee roaster market is projected to witness a CAGR of 6.2% during the forecast period (2021- 2026).
The COVID-19 crisis had caused sales volumes of coffee to decrease approximately by 50% in Europe and an estimated 25% in the United States, impacting coffee roasters' suppliers, as suppliers are ordering fewer coffee roasters from importers, and warehouses are almost full.
Furthermore, the lockdown and social distancing measures have caused a reduction in coffee consumption. This particularly affects small-scale coffee roasters and roasters who mainly supply to hotels, restaurants, and cafes (HORECA), this sector reported an 80% reduction.
The market is driven by the increasing consumer demand for fresh and aromatic coffee, which the roasting process provides. Additionally, the growing number of coffee outlets is boosting the sales of the market.
Additionally, the introduction of new coffee flavor blends by global brands and advancements in coffee equipment technology are fueling the market growth.
However, the major market restraint is the short shelf-life after the roasting process, as they start losing their flavor after a period. In addition, the wide usage of instant coffee powders barricades the market growth, as they reduce the time of roasting and grinding.
Key Market Trends
Increased Consumption of Fresh Coffee
Growing demand for fresh, flavorful, and aromatic coffee from end users is expected to drive the coffee roasting machines market during the forecast period. This is primarily because fresh-roasted coffee has many benefits, such as it is loaded with antioxidants and nutrients, which benefit the overall health by boosting the immune system and help prevent cancer and other life-threatening diseases.
Furthermore, in order to expand the presence of their brands, the leading companies are engaging in coffee innovations with value-added coffee-based RTD, flavor added coffee, and many more to attract more consumers toward roaster coffee.
According to AJCA (All Japan Coffee Association), the average weekly cups of coffee consumed per capita in Japan from 2014 to 2016 had increased, showing an application of coffee roasters in Japan.
Europe Holds a Major Share in the Coffee Roaster Market
The growing number of coffee outlets with new formulated blends of flavor in the European region is enhancing market sales. In addition, international events and shows held in the region have further fueled the market growth.
For instance, the World of Coffee 2019, one of Europe's largest speciality trade shows, was organized in Berlin. Over 250 exhibitors from 50 countries participated, displaying the latest products and innovations in the coffee market, including coffee roasters, baristas, producers, and other professionals.
Additionally, the Europe & Middle East Coffee Symposium offered a cutting-edge networking opportunity for top executives from across the coffee shops, food-to-go, and foodservice landscape.
Competitive Landscape
The global market for coffee roasters is competitive, owing to the presence of large regional and domestic players in different countries.
Therefore, emphasis is given to the merger, expansion, acquisition, and partnership, along with new product developments, as the leading companies adopt strategic approaches to boost their brand presence. Some prominent players in the market include US Roaster Corp., Coffee Holding Company Inc., Behmor Inc., Hottop, and Giesen Coffee Roasters
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