India Coffee Machine Market Assessment, By Type [Espresso Machine, Filter/Drip Coffee Machine, Pod-Based Coffee Machine, Bean to Cup], By Technology [Semi-Automatic, Fully Automatic], By End-User [Domestic; Commercial-HoReCa (Hotels, Restaurants and Café)

India Coffee Machine Market Assessment, By Type [Espresso Machine, Filter/Drip Coffee Machine, Pod-Based Coffee Machine, Bean to Cup], By Technology [Semi-Automatic, Fully Automatic], By End-User [Domestic; Commercial-HoReCa (Hotels, Restaurants and Café), Government Facilities (Railways, Airport, etc.), Enterprises, Hospitals, Commercial Setups (Shops, Offices, etc.), Others], By Application [Built-In Machine, Tabletop Machine], By Distribution Channel [Online; Offline-Distributors/Dealers, Multi-Brand Outlets, Others], By Region, Opportunities, and Forecast, FY2016-FY2030F

The India Coffee Machine Market is valued at USD 165.45 million in FY2022 and will be worth USD 315.20 million by FY2030, growing at a CAGR of 8.39% during the forecast period between FY2023 and FY2030 owing to the country's expanding coffee drinking culture especially in Northern India, increase in formal workforce thus fueling demand for coffee machines in offices and changing preferences for beverages and 'Do-it-Yourself' culture among younger millennials and Gen Z thus boosting residential coffee machines segments as well. New product introductions and escalating customer demand have contributed to the growth of coffee machine market. Furthermore, technological improvements and rising demand for smart kitchen appliances are anticipated to fuel the growth of the India coffee machine market. However, it is also projected that rising coffee machine repair and maintenance costs may impede industry expansion. Additionally, the market has temporarily been impeded by escalating transportation challenges, labour scarcity concerns, and instances of delivery delays as a result of the unpredictable supply chain interruption during the COVID-19 outbreak.

Growing Gen Z and Millennials Population

India is experiencing a greater proportion of millennials and Generation Z as a percentage of the total population, whereas Western nations are seeing this proportion droping. The proportion of millennials and Generation Z in the country's population was 52% in 2021. This segment of the population has experienced a paradigm shift in choice of coffee over any other traditional drink such as tea. The return to office scenario and adoption of western café culture, India is witnessing a surge in the setup of such infrastructure with direct impact on the demand of coffee machines.

Expansion of HoReCa Led to Market Growth

The popularity of cafes and coffee shops is on the rise as a result of shifting lifestyles, an increase in the number of workers, and customer preferences. Numerous opportunities in the food and beverages industry have influenced many small and midsize players to enter the industry, thereby increasing the growth of coffee machine market. Additionally, it is anticipated that the coffee machine market will grow owing to an increase in coffee flavors and variations.

India Coffee Machine Market Pre and Post COVID-19

While the demand for coffee machines in non-residential sectors decreased significantly during COVID-19, the demand for coffee machines in residential sectors increased, as a result of the closure of several cafes and the transition to work-from-home. Sales of coffee machines have soared as a result. Additionally, the market was impeded by escalating transportation challenges, labour scarcity concerns, and delivery delays as a result of supply chain interruption during the COVID-19 pandemic. However, post COVID-19 adverse impact, the market is recovering with the expansion of business infrastructure and the number of offices.

Key Players Landscape and Outlook

The India coffee machine market is expanding quickly, which has led to rise in competition. The market is, nevertheless, dominated by few renowned companies. In order to capture a significant market share, companies work on new product launches and innovations. For instance, Philips India has introduced three models from the Philips Saeco portfolio which are priced at Rs 13995, Rs 54995, and Rs 74994. All of these macchines can assist in making a variety of coffee drinks, including cappuccinos, espressos, lattes, and macchiatos. Furthermore, many companies are working on advanced technology such as WiFi/Bluetooth-enabled smart coffee machines. Smart coffee machines allow the ability to remotely monitor the coffee maker using smartphones.

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Market Xcel reports are based on qualitative and quantitative data collected through ‘on-ground’ primary research interventions. Based on our in-depth research, our reports can also provide granular city/state level market size data. The report includes deeper actionable insights provided by the industry experts & Key Opinion Leaders thus offering cutting-edge business solutions. The forecast data included in the report is based on ‘Drivers based forecasting’ technique ensuring accurate decoding of the future.