Office coffee service market in US to grow by USD 1,115.82 million from 2022 to 2027

NEW YORK, Aug. 1, 2023 /PRNewswire/ -- The global office coffee service market in US size is estimated to increase by USD 1,115.82 million from 2022 to 2027. The market's growth momentum will progress at a CAGR of 8.32% during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report -Request a sample report

Office coffee service market in US – Vendor AnalysisVendor Landscape - The global office coffee service market in US is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer office coffee service in US are A.H. Management Group, Aramark, Bunn O Matic Corp., Coffee Ambassador Inc., Continental Vending Inc., Corporate Essentials LLC, Daioh USA, Farmer Bros Co., InReach, jacobs DOUWE EGBERTS B.V., Keurig Green Mountain Inc., Nestle SA, Sodexo SA, SunDun Inc., US Coffee, Vending Group Inc., Westrock Coffee Co., XPRESSO DELIGHT LLC, Luigi Lavazza SpA, and Royal Cup Inc. and others.

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Vendor Offerings -

A.H. Management Group - The company offers office coffee services such as single cup brewers, carafe brewers, and specialty drink machines.

Aramark - The company offers office coffee services such as brewing equipment, coffee makers, and carafes.

Bunn O Matic Corp. - The company offers office coffee services such as coffee, ice coffee, and accessories.

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Office coffee service market in US - Segmentation AssessmentSegment Overview

This office coffee service market in US report extensively covers market segmentation by application (cafe, office building, restaurant, malls, and others), and end-user (large organizations, small organizations, and medium organizations).

The cafe segment will be significant for market growth during the forecast period. This segment includes coffee shops, cafes, and other similar businesses that primarily serve coffee and related products to customers. It is highly competitive, with a large number of independent cafes and chain coffee shops operating in the market. Along with coffee and equipment, office coffee service providers may also offer training and support services to help cafe owners and staff improve their knowledge and skills related to coffee preparation and services. These services include barista training, coffee tasting, and cupping sessions, and other similar programs. Hence, due to factors such as the growing consumer demand for high-quality coffee, the cafe segment in the office coffee service market in US will grow significantly during the forecast period.

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Office coffee service market in US – Market DynamicsLeading Drivers -

The growing working population in the US drives the market growth of office coffee services in the US. According to the Bureau of Labor Statistics (BLS) in the US, 163.8 million people are anticipated to be employed or actively seeking employment by 2024. Also, over the period of a decade between 2014-2024, a 7.9 million increase in the labor force, or an average annual growth rate of 0.5%, is anticipated.

Also, the demand for coffee services increases as new companies emerge and existing businesses expand. This creates opportunities for providers to cater to the growing working population. Hence, the growing working population in the US is the major driver, which is expected to boost the growth of the office coffee service market in US during the forecast period.

Key Trends -

The increasing demand for specialty coffee is an emerging office coffee service market in US. High-quality coffee that is produced and processed with exceptional care and attention to detail, often from a single origin or small region, is called specialty coffee. It is grown and harvested under strict conditions, such as at high altitudes or in shade-grown conditions to ensure the best possible flavor and aroma.

Also, specialty coffee shops and cafes offer consumers a wide range of high-quality coffee blends and single-origin coffees. Furthermore, various consumers are looking for high-quality, artisanal coffee blends that are sourced from small, independent farms and roasted with care and attention to detail. Hence, such trends fuel the growth of the market during the forecast period.

Major challenges -

Maintenance and equipment management challenges related to office coffee machines hinder market growth. It can be a costly affair to carry out regular maintenance and repairs of coffee brewing equipment and providers need to allocate funds for maintenance activities, including technician fees, spare parts, and equipment servicing. But ensuring a quick response time can be challenging, especially if the provider has a large client base or operate in remote areas. Moreover, equipment breakdowns or repairs can result in downtime and service interruptions for clients, resulting in dissatisfaction, potential loss of contracts, and negative impacts on the provider's reputation. Hence, such challenges impede market growth during the forecast period.

Drivers, Trends, and Challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this Office coffee service market in US report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the office coffee service market in US between 2023 and 2027

Precise estimation of the size of the office coffee service market in US and its contribution to the market with a focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the office coffee service market across the US

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of the office coffee service market in US vendors

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Office coffee service market scope in US

Report Coverage

Details

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 8.32%

Market growth 2023-2027

USD 1,115.82 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.41

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

A.H. Management Group, Aramark, Bunn O Matic Corp., Coffee Ambassador Inc., Continental Vending Inc., Corporate Essentials LLC, Daioh USA, Farmer Bros Co., InReach, jacobs DOUWE EGBERTS B.V., Keurig Green Mountain Inc., Nestle SA, Sodexo SA, SunDun Inc., US Coffee, Vending Group Inc., Westrock Coffee Co., XPRESSO DELIGHT LLC, Luigi Lavazza SpA, and Royal Cup Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Office coffee service market in US 2017 - 2021

4.2 Application Segment Analysis 2017 - 2021

4.3 End-user Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by Application

6.1 Market segments

6.2 Comparison by Application

6.3 Cafe - Market size and forecast 2022-2027

6.4 Office building - Market size and forecast 2022-2027

6.5 Restaurant - Market size and forecast 2022-2027

6.6 Malls and others - Market size and forecast 2022-2027

6.7 Market opportunity by Application

7 Market Segmentation by End-user

7.1 Market segments

7.2 Comparison by End-user

7.3 Large organizations - Market size and forecast 2022-2027

7.4 Small and medium organizations - Market size and forecast 2022-2027

7.5 Market opportunity by End-user

8 Customer Landscape

8.1 Customer landscape overview

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

10.3 Landscape disruption

10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 A.H. Management Group

11.4 Aramark

11.5 Bunn O Matic Corp.

11.6 Daioh USA

11.7 Farmer Bros Co.

11.8 InReach

11.9 jacobs DOUWE EGBERTS B.V.

11.10 Keurig Green Mountain Inc.

11.11 Luigi Lavazza SpA

11.12 Nestle SA

11.13 Royal Cup Inc.

11.14 US Coffee

11.15 Vending Group Inc.

11.16 Westrock Coffee Co.

11.17 XPRESSO DELIGHT LLC

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

12.3 Currency conversion rates for US$

12.4 Research methodology

12.5 List of abbreviations

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