Office and Commercial Coffee Services Market Scope
Coffee is the source of energy that keeps the office functioning. Office coffee service is a simple and inexpensive approach to increase workplace motivation and productivity. Coffee serving in the office is simple. A coffee service provider offers a business a wide range of hot beverage options at a reasonable price. They might also be able to supply innovative brewing equipment. Coffee service refers to the different methods that individuals can obtain coffee, such as in restaurants and hotels. Coffee service refers to a variety of services including the delivery of coffee to firm employees at a low or free cost to them. Employers value coffee because it reduces the likelihood of employees leaving the office to get coffee.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Farmer Brothers (United States), Keurig Green Mountain (United States), Nestlé (Switzerland), Peet's Coffee and Tea (United States), Royal Cup (United States) and Drip Coffee (United States) |
CAGR | 6.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Office and Commercial Coffee Services market throughout the predicted period.
Farmer Brothers (United States), Keurig Green Mountain (United States), Nestlé (Switzerland), Peet's Coffee and Tea (United States), Royal Cup (United States) and Drip Coffee (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Office and Commercial Coffee Services market by Type , by Application (Cafe, Restaurant, Office Building and Mall) and Region with country level break-up.
On the basis of geography, the market of Office and Commercial Coffee Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June , 2023 TreeHouse Foods, Inc. announced that it has completed the acquisition of the Northlake, Texas, coffee facility and non-Direct Store Delivery coffee business (referred to as Direct Ship) from Farmer Brothers Company for approximately USD100 million.
In September 2022, The Lavazza vending subsidiary is hoping the Moments by Lavazza Professional kiosk will capitalise on consumer demand for convenience and an increased appetite for premium coffee among returning office workers in the UK
Influencing Trend:
Advancement in coffee machines and services
Market Growth Drivers:
Increasing disposal income
Challenges:
Fierce Competitive Pressure
Restraints:
High maintenance and installation costs
Opportunities:
Growing penetration in various regions
Key Target Audience
Office and Commercial Coffee Services distribution, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others