Market Overview:
The global beverage warmers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for tea and coffee, increasing awareness about hygiene and health benefits of consuming hot beverages, and growing trend of using portable beverage warmers. Based on type, the global beverage warmers market is segmented into tea, coffee, and others. The coffee segment is expected to account for the largest share in terms of revenue in 2018 owing to high demand for coffee across the world. Based on application, the global beverage warmers market is segmented into home use, office use, and others. The home use segment accounted for majority share in 2017 due to rising trend of using personal appliances at home for convenience purposes.
Product Definition:
Beverage Warmers are appliances that heat up liquids like coffee, tea, or hot chocolate to a desired temperature. They can be used in homes, offices, or other commercial settings. Beverage Warmers are important because they ensure that liquids stay at a desired temperature and provide comfortable drinking temperatures for people.
Tea:
The global tea, it's usage and growth factor in beverage warmers market size was valued at USD 4.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to increasing health awareness among consumers across the globe. The product has numerous benefits such as it helps maintain body temperature, boosts metabolism, reduces stress levels and aids better blood circulation which is anticipated to increase its application scope in various industries including food & beverages industry over the next eight years.
Coffee:
Coffee is the seed of a fruit tree, Coffea arabica. It is also known by its internal name as “bun”. The seeds are used to make coffee powder and liquid coffee which can be consumed directly in beverages or food items. Arabica and Robusta are two different types of coffees produced from the seeds of this plant.
Application Insights:
The home application segment led the global beverage warmers market in 2017. This can be attributed to rising consumer preference for home-made beverages over store-bought ones, especially with a hectic work schedule. Furthermore, increasing number of cafes and restaurants across the globe is driving demand for beverage warmers in homes as well. Office application is expected to be the fastest growing segment owing to an increase in working population and business expansion at a global level.
In addition, companies such as The Coca Cola Company have introduced new products such as cold drinks machines that serve chilled Coke Zero along with ice cubes that melt into smoothies and other soft drinks creating an aesthetic appeal along with improved functionality of existing products installed at offices or corporate dining rooms. These factors are anticipated to drive office application over the forecast period.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high consumption of coffee and tea. The region is expected to maintain its dominance over the forecast period due to growing demand for ready-to-drink beverages, such as coffee and tea. In addition, increasing number of offices in countries like U.K., Germany, France is anticipated to drive product demand over the next eight years.
China accounted for more than 30% share within Asia Pacific region mainly due towards presence of large number cafes.
Growth Factors:
- Increasing demand for convenience foods: The growing demand for convenience foods is one of the key growth drivers for the beverage warmers market. Beverage warmers offer a convenient way to heat up beverages, which is especially beneficial for busy individuals or those who are on-the-go.
- Rising disposable income levels: Another key growth driver for the beverage warmers market is rising disposable income levels, as this allows consumers to afford premium and luxury products such as beverage warmers.
- Growing trend of at-home entertaining: The growing trend of at-home entertaining is also fueling demand for beverage warmers, as consumers look to create a comfortable and inviting environment in their homes when hosting guests.
- Increasing popularity of specialty coffee drinks: The increasing popularity of specialty coffee drinks is also benefiting the beverage warmer market, as these types of drinks typically require warming before consumption.
Scope Of The Report
Report Attributes
Report Details
Report Title
Beverage Warmers Market Research Report
By Type
Tea, Coffee, Others
By Application
Home, Office, Others
By Companies
Norpro, Mr.Coffee, Salton, Evelots, Cosori, YEVIOR, YEAILIFE, WALFRONT, Nicelucky, VonShef
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Beverage Warmers Market Report Segments:
The global Beverage Warmers market is segmented on the basis of:
Types
Tea, Coffee, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home, Office, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Norpro
- Mr.Coffee
- Salton
- Evelots
- Cosori
- YEVIOR
- YEAILIFE
- WALFRONT
- Nicelucky
- VonShef
Highlights of The Beverage Warmers Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tea
- Coffee
- Others
- By Application:
- Home
- Office
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Beverage Warmers Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A beverage warmer is a small, portable device that helps to keep cold drinks or food warm. They are typically powered by electricity and come in a variety of shapes and sizes.
Some of the key players operating in the beverage warmers market are Norpro, Mr.Coffee, Salton, Evelots, Cosori, YEVIOR, YEAILIFE, WALFRONT, Nicelucky, VonShef.
The beverage warmers market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Beverage Warmers Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Beverage Warmers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Beverage Warmers Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Beverage Warmers Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Beverage Warmers Market Size & Forecast, 2020-2028 4.5.1 Beverage Warmers Market Size and Y-o-Y Growth 4.5.2 Beverage Warmers Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Tea
5.2.2 Coffee
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home
6.2.2 Office
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Beverage Warmers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Beverage Warmers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Tea
9.6.2 Coffee
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home
9.10.2 Office
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Tea
10.6.2 Coffee
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home
10.10.2 Office
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Tea
11.6.2 Coffee
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home
11.10.2 Office
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Tea
12.6.2 Coffee
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home
12.10.2 Office
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Tea
13.6.2 Coffee
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home
13.10.2 Office
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Beverage Warmers Market: Competitive Dashboard
14.2 Global Beverage Warmers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Norpro
14.3.2 Mr.Coffee
14.3.3 Salton
14.3.4 Evelots
14.3.5 Cosori
14.3.6 YEVIOR
14.3.7 YEAILIFE
14.3.8 WALFRONT
14.3.9 Nicelucky
14.3.10 VonShef