Office Coffee Service Market Overview
Coffee is one of the most popular beverages, both at home and at work. Coffee can make you feel more energized. A cup of coffee can revitalize an employee and enhance productivity at work. Online marketing by Office Coffee Service(OCS) market players has generated revenue in the United States. From FY 2017-18, all OCS providers in the United States have a website. Currently, OCS providers allow their consumers to order coffee via online channels. This crucial factor is expected to rise the growth of the global Office Coffee Service Market.
Additionally, the International Coffee Organization (ICO) has reported a progressive drop in green coffee prices. Due to a fall in the price of green coffee, OCS providers have witnessed an increase in operating costs but have been able to maintain coffee rates. This aids OCS providers in growing their business while keeping coffee prices in check.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product Category, Application, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Compass Group, Farmer Bros. Co., Keurig Dr Pepper Inc., Peet's Coffee Berkeley, Royal Cup Coffee, Van Houtte Coffee Services (A division of Keurig Canada Inc.), American Vending Services, Cafection, Bodecker Brewed, EVOCA S.p.A. |
Covid-19 Impact on Office Coffee Service Market
Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.
Office Coffee Service Market Segment Overview
According to Product Category, Coffee is one of the largest segments in the global Office Coffee Service Market. Furthermore, by Application, Offices is one of the most prominent segments in the global market. The Office Coffee Service prepares coffee for employees, visitors, and guests in the office building. Office coffee shops are becoming more popular as a result of their ease in supplying beverages, which saves time from having to leave the office to buy a cup of tea or coffee.
Office Coffee Service Market, By Product Category
· Coffee
· Others
Office Coffee Service Market, By Application
· Offices
· Industrial plants
· Schools/ colleges
· Others
Office Coffee Service Market Regional Overview
In terms of geography, the global Office Coffee Service market is classified into North America, Europe, Asia Pacific, South America, Middle East & Africa. North America is at the forefront and is predicted to continue to retain its lead position through the forecast period. Increased economic growth in the United States is contributing to an increase in businesses and industries, which in turn is increasing spending on employee satisfaction services like office coffee. The OCS sector in the United States is growing in revenue. Millennials in the United States have unique demands, likes, preferences, and expectations, and are health-conscious, tech-savvy, ambitious, and looking for a better work-life balance. Furthermore, Europe is another major region for the market. Again, the market in the Asia Pacific is expected to rise at a considerable rate in the coming period.
Office Coffee Service Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Office Coffee Service Market, Key Players
· Compass Group
· Farmer Bros. Co.
· Keurig Dr Pepper Inc.
· Peet's Coffee Berkeley
· Royal Cup Coffee
· Van Houtte Coffee Services (A division of Keurig Canada Inc.)
· American Vending Services
· Cafection
· Bodecker Brewed
· EVOCA S.p.A
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Office Coffee Service market?
Currently, OCS providers allow their consumers to order coffee via online channels. This crucial factor is expected to rise the growth of the global Office Coffee Service Market
Q2. Which Segments are covered in the global Office Coffee Service market report?
Product Category, Application, and Region. these segments are covered in the global Office Coffee Service market report.
Q3. Which segment is projected to hold the largest share in the global Office Coffee Service market?
The coffee segment is projected to hold the largest share in the global Office Coffee Service market.
Q4. Which region holds the largest share in the global Office Coffee Service market?
North America holds the largest share in the global Office Coffee Service market
Q5. Which are the prominent players in the global Office Coffee Service market?
Compass Group, Farmer Bros. Co., Keurig Dr Pepper Inc., Peet's Coffee Berkeley, Royal Cup Coffee, Van Houtte Coffee Services (A division of Keurig Canada Inc.), American Vending Services, Cafection, Bodecker Brewed, EVOCA S.p.A. are some key players in the global Office Coffee Service market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Office Coffee Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product Category
- 5.2.1. Coffee
- 5.2.2. Others
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Offices
- 5.3.2. Industrial plants
- 5.3.3. Schools/ colleges
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Office Coffee Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product Category
- 6.2.1. Coffee
- 6.2.2. Others
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Offices
- 6.3.2. Industrial plants
- 6.3.3. Schools/ colleges
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Office Coffee Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product Category
- 7.2.1. Coffee
- 7.2.2. Others
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Offices
- 7.3.2. Industrial plants
- 7.3.3. Schools/ colleges
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Office Coffee Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product Category
- 8.2.1. Coffee
- 8.2.2. Others
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Offices
- 8.3.2. Industrial plants
- 8.3.3. Schools/ colleges
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Office Coffee Service Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product Category
- 9.2.1. Coffee
- 9.2.2. Others
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Offices
- 9.3.2. Industrial plants
- 9.3.3. Schools/ colleges
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Compass Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Farmer Bros. Co.
- 10.6. Keurig Dr Pepper Inc.
- 10.7. Peet's Coffee Berkeley
- 10.8. Royal Cup Coffee
- 10.9. Van Houtte Coffee Services (A division of Keurig Canada Inc.)
- 10.10. American Vending Services
- 10.11. Cafection
- 10.12. Bodecker Brewed
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
