The sky-high popularity of this beverage can be testified by the fact that the coffee crop is grown in over 70 tropical countries worldwide, according to the US-based think-tank, World Population Review.
On the basis of type, the market has been grouped into espresso coffee machines, drip filter coffee machines, liquid coffee concentrate dispensers, coffee capsule machines, and others.
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Further, the International Coffee Organization has also stated that the impact of the coronavirus on coffee production has been minimal, with even small coffee-producing countries such as Ethiopia remaining largely unaffected.
Acknowledging the importance of this beverage for consumers, many companies are now preparing to secure an advantageous position in the coffee industry in the post-pandemic period.
Among regions, Europe is expected to lead the coffee machines market share during the forecast period due to the increasing demand for green coffee beans in the continent.
Asia Pacific, on the other hand, is presenting market players with lucrative opportunities owing to the increasing consumption of coffee in the region’s speedily expanding urban areas.
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