Aug 03, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Coffee Grinder Market.
It was estimated prior to this unanticipated outbreak that the Coffee Grinder Market is projected to grow at a Healthy CAGR during the forecast period.
A coffee grinder can be defined as an electronic appliance used to grind coffee. It plays a vital role in extracting the aroma and taste from coffee beans and thus, helps to brew delicious and high-quality coffee. Various types of coffee grinders are used which include blade grinders, burr grinders, and disc grinders.
Market Dynamics
The growth of the global coffee grinder market is primarily driven by the increasing consumption of coffee across the globe.
- Rising awareness among consumers about the health benefits of consuming coffee such as the reduced risk of liver disease and type 2 diabetes.
- The market players are emphasizing offering a high-quality product at a reasonable cost and thus, drive the market growth.
- Growing demand for products with new features and improved solutions is likely to create lucrative opportunities for the players operating in the global coffee grinder market during the review period.
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Segment Analysis
By end-use industry, the coffee grinder market has been bifurcated into the hotel, restaurant, café, institutional and residential.
- Under these, the cafe segment accounted for the largest market share in 2020.
- The segment growth can be attributed to the increasing number of visiting cafés for coffee particularly millennials.
- The residential segment is expected to register healthy growth during the review period on account of easy product availability on e-commerce platforms and reasonable production cost.
By region, the market in Europe garnered the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period.
- The regional growth can be attributed to high product demand in countries including Finland, Switzerland, Italy, and Germany among others.
- The market in Asia-Pacific is projected to register the fastest growth rate on account of the opening of various specialty cafes and growing consumer interest towards coffee consumption coupled with rising income.
Key Players:
Key players operating in the global Coffee Grinder market are-
- KitchenAid (The U.S)
- Baratza LLC (The U.S)
- Capresso (The U.S)
- Cuisinart (The U.S)
- Black+Decker Inc. (The U.S)
- Hamilton Beach Brands Holding Company (The U.S)
- Gourmia, Inc. (The U.S)
- Bodum, Inc. (Switzerland)
- Quiseen (Germany)
- JavaPresse Coffee Company (The U.S)
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Coffee Grinder analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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