PUBLISHER: Grand View Research | PRODUCT CODE: 1170972
PUBLISHER: Grand View Research | PRODUCT CODE: 1170972
The global coffee roaster market size is estimated to reach USD 2.13 billion in 2030 and is anticipated to expand at a CAGR of 6.3% from 2022 to 2030, according to a new report by Grand View Research, Inc. One of the major factors significantly driving the market for coffee roasters is the growing inclination and increasing consumption of coffee all across the world. Moreover, an increase in a shift in consumer preference towards the consumption of fresh coffee in developing countries is further contributing to the growth of the industry.
The industry's growth is likely to be fueled by the increasing trend of visiting coffee shops by all age groups along with the growing number of coffee shop chains. In addition, the increase in the launch of innovative and new products as per the requirements of the customers by various players operating in the market is further boosting the market growth. However, the heat produced by coffee roasters limits their adoption which is a key challenge for the industry growth.
The hot air segment dominated the market and is estimated to remain the leading segment over the forecast period. The large share of the segment is attributed to the high usage of hot air coffee roasters as they evenly roast the coffee beans without producing any smoke. Furthermore, hot-air coffee roasters come with a diverse range of features that enable efficient roasting of coffee thus driving the segment growth.
North America accounted for the largest revenue share in 2021 and is anticipated to expand at a significant CAGR over the forecast period. High consumption of coffee by the consumers in the region is a primary factor contributing to the larger share of the segment. Moreover, the presence of various popular roastery services and coffeehouses providing coffee as per the consumer's choice is further surging the regional market growth.
Major players in the coffee roaster industry are Nestle; Buhler Group; PROBAT AG; Scolari Engineering S.p.A.; Genio Roasters; Cia. Lilla de Maquinas Ind. e Com; COFFEE HOLDING; Diedrich Manufacturing Inc.; Giesen Coffee Roasters B.V.; and Toper. Various steps are adopted by these companies including global expansion, partnerships, acquisitions & mergers, development & launch of new products, and others to gain more share of the market.