LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent office coffee service market in the US report. This research report also lists seven other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
The office coffee service market in the US is fragmented with the presence of large as well as mid- and small-sized vendors as office coffee service providers. There are many mid-sized players in the US market and their market share is considerable.
“The major players include Keurig Green Mountain, Nestlé SA, Farmer Brothers, Royal Cup Coffee, and Peet's Coffee and Tea. These vendors contributed more than 34% of the overall revenue generated from the office coffee service market in the US in 2015. Of these five vendors, Keurig and Nestlé together contributed close to 24% of the overall revenue of the market,” says Vijay Sarathi, one of the lead analysts at Technavio, specializing in research on retail goods and services.
September 2015: Keurig entered the cold beverage market with its brands Brew Over Ice and Keurig Kold
September 2015: Keurig launched Campbell's Soup K-Cups product line to enter the US soup service market
August 2015: Starbucks announced that they will enter Cambodia, which will be their 16th market in the China/APAC region. The initial location will open in the capital city of Phnom Penh by the end of 2015
Top five vendors in the office coffee service market in the US
Farmer Brothers was established in 1912 and is headquartered in California, US. The company manufactures and distributes coffee, tea, and culinary products under the brand names Farmer Brothers, McGarvey, and Metropolitan. They also offers beverages, spices, and food supplies to restaurants, healthcare facilities, gaming and casinos, and coffee houses.
The company’s applications include restaurants, gaming and casinos, private label, healthcare, education, convenience stores, lodging, and office coffee. They also offers equipment such as coffee brewers, coffee grinders, liquid coffee machines, espresso machines, and specialty dispensers.
Keurig Green Mountain
Keurig Green Mountain was established in 1981 and is headquartered in Waterbury, Vermont, US. The company is engaged in the production and commercialization of coffee, tea, coffee makers, and other beverages.
The company offers portion packs of varying sizes that include the single-serve K-Cup, Vue and Rivo packs, and multi-serve K-Carafe packs that are capable of producing a three- to four-cup carafe. They also offers offer high-quality Arabica bean coffee including single-origin, Fair Trade certified, Rain Forest Alliance certified, organic, flavored, limited edition, and proprietary blends.
Nestlé was founded in 1866 and is headquartered in Vevey, Switzerland. The company, along with its subsidiaries, develops, produces, markets, and sells food and beverages worldwide. The company operates in 197 countries globally. As of December 31, 2014, the company employed 339,000 people. They reported net revenue of USD 99.48 billion in FY2013 and USD 100.2 billion in FY2014.
Nestlé operates through the following segments:
- Zone Americas
- Zone Europe, Middle East, and North Africa
- Zone Asia, Oceania, and Africa
- Nestlé nutrition
- Nestlé waters
Peet’s Coffee and Tea
Peet’s Coffee and Tea was established in 1966 and is headquartered in Berkeley, California, US. The company is a specialty coffee roaster and marketer of fresh-roasted coffee and tea in the US. They deliver whole bean coffee and related products that consist of products for tea, home brewing, and packaged foods, and beverages and pastries.
On October 6, 2015, the company acquired Stumptown Coffee Roasters (coffee roaster and retailer based in Portland, Oregon, US).
Royal Cup was established in 1896 and is headquartered in Birmingham, Alabama, US. The company distributes a range of beverages and beverage-related items from fountain beverage products and juices to water filtration systems and specialty teas. The company is classified under three product segments, including Coffee, Tea, and Other beverages. The coffee sector is sub-segmented into the following: Centennial, Villa Rey, HC Valentine, Rainforest, Private Collection, Espresso, and Single Serve.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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