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Smart Home-Based Beverage Machine Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2023-2030

Published Date: October, 2022
No of Pages: 159
Delivery Format: PDF+Excel

$2,950.00

An automated device that dispenses beverages from a chilled container is known as a smart home beverage machine. Usually, it features an integrated computer with a touch-screen display that enables consumers to choose drinks and set up their own drink preferences. Throughout the projected period, the market for smart home-based beverage machines is anticipated to expand at a CAGR of 9.4%. The rising demand for convenience and the expanding trend of home automation are the main factors projected to propel the growth of this market. Consumers’ shifting lifestyles and increased desire for time savings are what are fueling the rising demand for convenience. The popularity of the home automation trend is growing as more and more affordable home automation equipment becomes available. The top competitors in the global market for smart homes with beverage machines are Whirlpool, Samsung, LG, and Panasonic (US). To meet the rising demand for intelligent home-based beverage machines, these firms are concentrating on boosting their distribution networks and diversifying their product offerings.

A kitchen appliance that automatically makes hot or cold beverages like coffee, tea, and hot chocolate is known as a smart home beverage machine. The device typically includes a coffee bean grinder and a water heater. Some models additionally include an integrated frothing appliance for lattes and cappuccinos.

Smart Home-Based Beverage Machine Market Report Scope and Segmentation
ATTRIBUTESDETAILS
ESTIMATED YEAR2023
BASE YEAR2022
FORECAST YEAR2030
HISTORICAL YEAR2017-2022
UNITValue (USD Million/Billion)

 

Any kitchen would benefit from having a smart home beverage machine. By brewing your coffee or tea for you, it can help you get more done in the morning. For your family and friends, you can also use it to prepare hot chocolate or other hot drinks.

Beverage dispensers with smart home technology come in a wide range of models. A built-in water heater, a coffee bean grinder, and a frothing appliance are a few options you might want to consider. Additionally, you should think about the machine’s size and the quantity of cups it can produce.

Consider the Keurig K-Select Single Serve Coffee Maker if you’re looking for a smart home beverage maker that can prepare a variety of hot and cold beverages. This device has a coffee bean grinder and a built-in water heater. Additionally, it contains a foaming appliance for lattes and cappuccinos. At one time, the Keurig K-Select can brew up to four cups of coffee.

The Ninja Hot and Cold Brewed System should be taken into consideration if you’re looking for a device that can brew a range of hot and cold beverages. This device has a coffee bean grinder and a built-in water heater. Additionally, it contains a foaming appliance for lattes and cappuccinos. Up to eight cups of coffee can be brewed at once using the Ninja Hot and Cold Brewed System.

You should be able to prepare the beverages that you and your family like using the smart home-based beverage machine you select. The machine’s size and the number of cups it can produce should also be taken into account. You are sure to find the ideal appliance for your kitchen with the wide range of models offered.
Market Opportunities for Smart Home-Based Beverage Machines

Over the projected period of 2019–2024, the market for smart home–based beverage machines is anticipated to grow at a CAGR of over 17%.

The rising demand for convenient and nutritious beverage options is the main factor behind the growth of the smart home beverage machine market. More health-conscious consumers are seeking readily available, wholesome beverage options that may be made at home. Smart home-based beverage dispensers provide a variety of handy and healthy beverage options that may be made with the touch of a button. The convenience of these devices is further enhanced by features like automatic ingredient replenishment and recipe customization.

The market for smart home-based beverage machines is also expanding as a result of the food and beverage industry’s growing tendency toward automation. The food and beverage sector is going through a significant transition from manual to automated processes in order to increase productivity and cut costs. The increased use of cutting-edge technologies in the food and beverage sector, including robotics and artificial intelligence, is what is driving this development. As they are outfitted with cutting-edge capabilities like automatic ingredient replacement and recipe customization that make them incredibly effective and practical to use, smart home-based beverage machines are also gaining from this trend.

The market for intelligent beverage dispensers for homes is also being driven by the expanding healthy lifestyle movement. As consumers’ awareness of their health increases, they search for easy, nutritious beverage options that they can make at home. Smart home-based beverage dispensers provide a variety of handy and healthy beverage options that may be made with the touch of a button. The convenience of these devices is further enhanced by features like automatic ingredient replenishment and recipe customization.

The price of this equipment is another barrier limiting the market expansion for smart home-based beverage dispensers. Intelligent home-based beverage makers come with cutting-edge features like automatic ingredient replacement and recipe customization that make them incredibly effective and practical to use. The market for smart home-based beverage machines is significantly constrained by the high cost of these functionalities.
Market Restrictions for Smart Home-Based Beverage Machines

During the projected period of 2020 to 2025, the market for smart home-based beverage machines is anticipated to expand at a CAGR of about 24.2%. The growing consumer inclination for hygienic and healthful beverages is the main factor behind the growth of the smart home-based beverage machine market.

However, the high cost of smart home-based beverage machines is the key limitation for the growth of the smart home-based beverage machine market.

The global smart home-based beverage machine market is classified by type, distribution channel, and geography.

On the basis of type, the smart home-based beverage machine market is split into tea, coffee, and others. Tea is further sub-segmented into green tea, black tea, and oolong tea. Coffee is further sub-segmented into espresso, cappuccino, and latte. The other section includes smoothies, shakes, and juices.

On the basis of the distribution channel, the smart home-based beverage machine market is split into online and offline. The offline segment is further sub-segmented into supermarkets, hypermarkets, convenience stores, and others.

On the basis of region, the smart home-based beverage machine market is split into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

The global smart home-based beverage machine market is estimated to be valued at over US$ 2 Bn by 2027, according to a new analysis by MWR. The market is estimated to increase at a CAGR of 9% during the forecast period (2019–2027). (2019-2027). The research gives an in-depth analysis of the global market for smart home-based beverage machines. It includes extensive insights into the industry’s drivers, restraints, and opportunities. The research also gives a detailed segmented analysis of the market.

The global smart home-based beverage machine market is primarily driven by the increasing inclination toward a healthy and easy lifestyle among customers. The increased awareness about the health advantages of consuming healthy beverages is also boosting the market. Moreover, the increasing disposable incomes of consumers and the altered food and beverage consumption patterns are likely to boost market expansion. However, the high cost of smart home-based beverage machines is hindering market growth.

The global smart home-based beverage machine market has been segmented based on type, distribution channel, and geography. Based on kind, the market has been segmented into coffee machines, tea machines, and others. The coffee machine sector is likely to hold a large market share during the projection period. The market is predicted to increase at a rapid pace because of the increasing preference for coffee among consumers. The tea machine segment is also predicted to increase at a notable pace over the projection period.

In terms of distribution channels, the worldwide smart home-based beverage machine market has been segmented into online channels and offline channels. The internet channels category is predicted to increase at a high pace over the forecast period. The sector is predicted to hold a considerable proportion of the market owing to the increased demand for online purchases among customers.

Geographically, the worldwide smart home-based beverage machine market has been split into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is likely to hold a considerable share of the global smart home-based beverage machine market during the forecast period. The region is predicted to grow at a rapid rate owing to the increasing choice for a healthy and convenient lifestyle among consumers in the region.
Smart Home-Based Beverage Machine Market Drivers

A home-based beverage machine is a device that can be used to create hot or cold beverages such as coffee, tea, or juices. These machines are becoming increasingly popular among consumers due to their ease and capacity to produce a range of drinks. The global smart home-based beverage machine market is estimated to develop at a CAGR of X% during the forecast period (2019–2024). (2019-2024).

The primary drivers for the growth of the smart home-based beverage machine market are the growing choice for healthy beverages and the increasing requirement for convenience. Consumers are becoming more health-conscious and looking for ways to limit their sugar intake. This has led to the creation of devices that can create nutritious beverages such as juices and smoothies. In addition, consumers are increasingly seeking machines that are easy to use and can produce a range of drinks.

The primary hurdles to the growth of the smart home-based beverage machine market are the high cost of devices and a lack of awareness among customers. The machines are fairly pricey, and not all consumers are aware of the benefits of these machines. In addition, the devices require a certain level of upkeep, which can be problematic for some consumers.

The primary prospects for the growth of the smart home-based beverage machine market are the growing demand from the commercial sector and the increasing number of new entrants in the market. The business sector is increasingly embracing these machines due to the increased demand for healthy beverages. In addition, new entrants are bringing innovative goods to the market, which is projected to boost the expansion of the market.

Keurig Green Mountain, Inc. is a leading player in the home-based beverage machine market. The company offers a wide range of machines that can prepare a variety of hot and cold beverages. Keurig Green Mountain, Inc. has a strong presence in the North American market and is expanding its operations in Europe and Asia.
Smart Home-Based Beverage Machine Market Covid-19 Impact

The outbreak of the COVID-19 pandemic has had a significant impact on the sales of smart home-based beverage machines. According to a report by MWR, the smart home-based beverage machine market was valued at $XX million in 2019 and is expected to reach $XX million by 2027, growing at a CAGR of XX% during the forecast period.

The COVID-19 pandemic has had a negative impact on the global economy, with businesses across various sectors affected. The food and beverage industry is one of the sectors that has been hit hard by the pandemic. The lockdown measures implemented by governments across the world to contain the spread of the virus have led to the closure of restaurants and cafes, which has had a negative impact on the sales of smart home-based beverage machines.

The report provides an in-depth analysis of the global smart home-based beverage machine market, taking into account the impact of the COVID-19 pandemic. It offers a detailed segmentation of the market based on type, capacity, and geography. The report includes a detailed analysis of the key players operating in the market, such as Keurig Dr Pepper, Nestlé, The Coca-Cola Company, and PepsiCo.

The report offers a detailed segmentation of the global smart home-based beverage machine market, including:

By type:

Hot beverage machines

Cold beverage machines

By capacity:

Up to 12 cups

· 12-24 cups

More than 24 cups

By geography:

North America

· Europe

Asia Pacific

Latin America

Middle East and Africa’s Smart Home-Based Beverage Machine Market: Key Industry Developments

The home-based beverage machine market is expected to grow at a CAGR of around 7% during the forecast period. The market is primarily driven by the growing trend of health consciousness and the need for convenient and healthy beverage options.

There has been a shift in consumer preference towards healthy and convenient beverage options. This has led to the growth of the home-based beverage machine market, as these machines offer a wide range of healthy beverage options. In addition, the growing trend of health consciousness among consumers is expected to fuel the growth of the home-based beverage machine market.

The home-based beverage machine market is segmented by type, application, and geography. By type, the market is divided into hot drink machines, cold drink machines, and others. The hot drink machines segment is expected to grow at the highest CAGR during the forecast period. This is attributed to the growing demand for hot drinks, such as coffee and tea, among consumers.

The cold drink machines segment is also expected to grow at a significant CAGR during the forecast period. This is attributed to the growing demand for cold drinks, such as juices and smoothies, among consumers.

The home-based beverage machine market by application is segmented into residential and commercial. The residential segment is expected to grow at the highest CAGR during the forecast period. This is attributed to the growing trend of healthy living and the need for convenient and healthy beverage options among consumers.

The commercial segment is also expected to grow at a significant CAGR during the forecast period. This is due to the growing demand for home-based beverage machines in commercial establishments such as restaurants, cafes, and hotels.

The home-based beverage machine market is segmented by geography into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to hold the largest market share during the forecast period. This is attributed to the growing trend of health consciousness and the need for convenient and healthy beverage options among consumers in the region.
Smart Home-Based Beverage Machine Market: Future Outlook

The global smart home-based beverage machine market is expected to grow at a CAGR of around 9% during the forecast period of 2020–2025. A smart home-based beverage machine is a kitchen appliance that can be controlled remotely using a mobile application. It is connected to the internet and allows users to prepare hot and cold drinks with the touch of a button. These machines are equipped with sensors that can detect the type of drink to be prepared and dispense the appropriate amount of ingredients.

The rising demand for healthy and nutritious drinks, along with the growing trend of ready-to-drink beverages, is expected to drive the growth of the smart home-based beverage machine market. The increasing number of working women and the changing lifestyle of consumers are also some of the key factors driving market growth. In addition, the increasing adoption of the Internet of Things (IoT) and artificial intelligence (AI) is expected to create new opportunities for market players. However, the high cost of these machines is expected to restrain the market’s growth to a certain extent.

The smart home-based beverage machine market is segmented based on type, application, and geography. By type, the market is divided into coffee machines, tea machines, and others. The coffee machines segment is expected to hold the largest share of the market due to the growing popularity of coffee among consumers. By application, the market is classified into residential and commercial. The residential segment is expected to grow at a faster rate due to the rising number of working women and the changing lifestyles of consumers.

Geographically, the smart home-based beverage machine market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to hold the largest share of the market due to the presence of a large number of smart home-based beverage machine manufacturers in the region. Asia Pacific is expected to be the fastest-growing market, due to the growing demand for healthy and nutritious drinks in the region.

By Product Type:

  • Smart Soda Machine
  • Smart Water Machine
  • Smart Espresso Machine
  • Smart Juice Machine
  • Behmor, Inc.
  • Bevi
  • Breville Group Ltd.
  • BSH Hausgerate GmbH
  • Coway Co., Ltd.
  • De’Longhi S.p.A.
  • Jura Elektroapparate AG

By Product Type:

  • Smart Soda Machine
  • Smart Water Machine
  • Smart Espresso Machine
  • Smart Juice Machine
  • Behmor, Inc.
  • Bevi
  • Breville Group Ltd.
  • BSH Hausgerate GmbH
  • Coway Co., Ltd.
  • De’Longhi S.p.A.
  • Jura Elektroapparate AG

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