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Coffee Roaster Market to Reach $741.90 Mn, Globally, by 2031 at 5.2% CAGR: Allied Market ResearchRise in demand for easy-to-use coffee roasting machines and various innovations &advancements in technology drive the growth of the global coffee roaster market. PORTLAND, Ore., Aug. 3, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Coffee Roaster Market by Type (Drum, Hot Air, Stove Top, Others), by Category (Electric Roaster, Gas Roaster), by End User (Commercial, Residential), by Distribution Channel (Business to Business, Specialty Stores, Hypermarkets and Supermarkets, Online Sales Channels): Global Opportunity Analysis and Industry Forecast, 2021-2031."According to the report, the global coffee roaster industry generated $448.90 million in 2021, and is expected to reach $741.90 million by 2031, witnessing a CAGR of 5.2% from 2021 to 2031.  Drivers, Restraints, and Opportunities Rise in demand for easy-to-use coffee roasting machines,surge in number of coffee shops and other coffee-serving establishments, and various innovations &advancements in technology drive the growth of the global coffee roaster market. However, high initial investment costs restrain the market growth. On the other hand, increase in coffee drinking culture and research activities regarding the smell of coffee and roasting coffee as a method of aromatherapy present new opportunities in the coming years. Covid-19 Scenario
Request The Free Sample PDF Of This Report (Flash Sale Till 20th August 2022) @https://www.alliedmarketresearch.com/request-sample/17314 The drum segment to maintain its leadership status during the forecast period Based on type, the drum segment contributed to the highest market share in 2021, contributing to more than one-third of the global coffee roaster market, and is expected to maintain its leadership status during the forecast period. This is due topreference by professional and commercial sectors for their durability and precise control over functions such as rotation speed, temperature control, and duration of roastig. The report also analyzes the segments including hot air, stove top, and others. The gas roaster segment to maintain its lead position during the forecast period Based on category,the gas roaster segment held the highest market share in 2021, accounting for nearly three-fifths of the global coffee roaster market, and is expected to maintain its lead position during the forecast period. This is attributedtoits popularity for coffee roasting among purists and enthusiasts and quick coffee-making process.However, the electric roaster segment is projected to manifest the fastest CAGR of 5.8% from 2021 to 2031, owing to ease of use, lack of manual efforts, and precision along with additional features such as temperature control and timers. The commercial segment to maintain its lead status by 2031 Based on end user, the commercial segment accounted for the largest market share in 2021, holding nearly three-fourths of the global coffee roaster market, and is expected to maintain its lead status by 2031. This is due torise in investments in commercial spaces such as airports, hospitals, hotels, restaurants, among others.However, the residential segment is projected to manifest the fastest CAGR of 6.2% from 2021 to 2031, owing toincrease in standards of living and the know-how about the benefits and taste of coffee. The business to business segment to maintain its dominance in terms of revenue by 2031 Based on distribution channel, the business to business segmentcontributed to the largest market share in 2021, accounting for nearly two-fifths of the global coffee roaster market, and is expected to maintain its dominance in terms of revenue by 2031. This is attributed torise in outdoor dining trend and surge in number of quick service restaurants. However, the online sales channels segment is projected to manifest the fastest CAGR of 6.6% during the forecast period. This is due torise in mobile phone adoption and increase in Internet penetration along with wide adoption in developed countries. Europe to maintain its lead position in terms of revenue during the forecast period Based on region, Europeheld the highest market share in 2021, accounting for nearly two-fifths of the global coffee roaster market, and is expected to maintain its lead position in terms of revenue during the forecast period. This is due torise in consumption of different varieties of coffee across the region and improved distribution channels. However, Asia-Pacificis projected to grow at the highest CAGR of 7.2% from 2021 to 2031. This is attributed tochanges in taste & preferences of consumers, rise in number of fast food restraint/trucks, adoption of western lifestyle, and the presence of commercial complexes and offices. For Purchase Enquiry @https://www.alliedmarketresearch.com/purchase-enquiry/17314 Leading Market Players
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter Get more information: https://www.alliedmarketresearch.com/library-access Similar Reports: • Coffee Pod Market Opportunity Analysis and Industry Forecast, 2022-2029 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: David Correa Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg 
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