Posted 9/12/2023, 9:22:40 PM

Espresso Market Set to Grow Nearly 6% Annually to 2027, Driven by Work-From-Home Culture and New Product Launches

Espresso market expected to grow by $4.55 billion from 2022-2027, with 5.84% CAGR (compound annual growth rate)
Growth driven by new product launches, work-from-home culture increasing demand
79% of consumers owned espresso machines at home in 2021
Fluctuating raw material prices could limit growth
Europe to contribute 41% of global espresso market growth, with UK, Germany, Russia as major countries

foxbusiness.com

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