About Office and Commercial Coffee Services
Office and commercial coffee services refer to coffee brewers and coffee preparation supplies that are provided to various businesses across industries such as food service, hospitality, healthcare, retail, and others like game arenas, casinos, lodges, quick service restaurants (QSRs), government and military, and manufacturing businesses.
Technavio’s analysts forecast the office and commercial coffee services market in North America to grow at a CAGR of 4.77% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the office and commercial coffee services market in North America for 2017-2021. To calculate the market size, the report considers replacement parts, spares, and services market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Office and Commercial Coffee Services Market in North America 2017-2021
Technavio recognizes the following companies as the key players in the office and commercial coffee services market in North America: Farmer Bros., Keurig Green Mountain, Nestlé, PEET’S COFFEE & TEA, and ROYAL CUP COFFEE.
Other Prominent Vendors in the market are: BUNN, Hamilton Beach Brands, Imperial Coffee and Services, Jarden Corporation, Mars, Mister Coffee & Services, and Starbucks Corporation.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in availability of single-serve coffee machines. The demand for single-serve coffee machines has increased globally, thereby also impacting North America. Traditional coffee-making processes involve grinding and tamping of coffee beans along with some degrees of consumer involvement in programming the machines to use the right quantity of ingredients. This makes the process cumbersome.”
According to the report, one driver in the market is increasing demand for premium coffee. With employees expecting a gourmet coffee experience similar to that of a coffee shop, the demand for premium varieties of coffee is also increasing. In a drive to improve employee engagement initiatives, employers are willing to provide good quality coffee even if it incurs sizeable costs. Employers are also willing to buy different varieties of coffee that are rated high on green initiatives to improve their green footprint. The price drop of green coffee in recent years is also prompting many employers to opt for those varieties.
Further, the report states that one challenge in the market is rise in the prices of coffee beans. Increase and volatility in the prices of coffee bean are hindering the growth of the office and commercial coffee services market in North America. Disparity in demand-supply, low production, natural calamities, unfavorable weather conditions, unpredictable rainfall, and rising labor costs are some factors that are responsible for the rise in the prices of coffee beans. This results in uncertainty, as coffee producers remain unable to plan and allocate resources.
Farmer Bros., Keurig Green Mountain, Nestlé, PEET’S COFFEE & TEA, and ROYAL CUP COFFEE.BUNN, Hamilton Beach Brands, Imperial Coffee and Services, Jarden Corporation, Mars, Mister Coffee & Services, and Starbucks Corporation.
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