This market resaecrh report details the segmentation of the office coffee service market in the US by product requirements (coffee and espresso, hot beverage equipment, hot beverages and beverage mixes, to-do supplies, coffee flavoring syrups and condiments, and others) and by application businesses (convenience store, education, foodservice and restaurants, healthcare, hospitality, office, and others). Top vendors include Nestlé, Farmer Brothers, Royal Cup, Peet’s Coffee and Tea, and Keurig Green Mountain.
Technavio’s market research analysts estimate the office coffee service market in the US, to grow at a CAGR of 4% between 2016 and 2020. High consumption of coffee among the US population is the major growth driver of this market. About 80% of the population in the US are coffee drinkers, who drink at least three nine ounce cups of coffee on an average in a day.
The new market research report from Technavio provides a breakdown and analysis of the office coffee service segments by technology.
“The emergence of alternative K-Cups is a major trend gaining grounds in the office coffee service market in the US. K-Cups is the most popular coffee roasters for a single-serve brewer for coffee in the US. The technology of K-Cups was patented by Keurig, so no other company was able to produce that without licensing from Keurig. In 2012, the patent for K-Cups expired, and this created an ample opportunity for the other coffee service providers in the US market to launch their K-Cups,” says Brijesh Kumar Chaubey, Lead Analyst, Consumer & Retail, Technavio Research.
Coffee and espresso is the largest revenue-contributing segment to the office coffee service market. Coffee is supplied in the form of beans, powder, roasters, portions, and pods. This segment occupies around 60% of the market’s overall revenue.
The leading vendors in the office coffee service market in the US include Nestlé, Farmer Brothers, Royal Cup, Peet’s Coffee and Tea, and Keurig Green Mountain. The market is dominated by the major players, and they contributed more than 34% of the overall revenue generated from this market. However, the market also comprises of many mid-size players who hold a considerable market share. This increases the competition in the market and hence to tackle with this situation, vendors are increasingly investing in R&D with the aim of bringing technologically advanced and innovative products into the market to increase their consumer base.
A more detailed analysis is available in the Technavio report, Office Coffee Service Market in the US 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Automatic Espresso Machines Market 2015-2019
- Global Vending Machines Market 2015-2019
- Global Soft Drinks Market 2015-2019
- Soft Drinks Market in the Us 2015-2019
- Hot Drinks Market in the Us 2015-2019
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