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Non-Alcoholic Smart Beverages Machine Market - By Product Type (Soda Machine, Coffee Machine, Juice/ Soft Drink Machine, Others), By Category (Countertop, Portable), By Price (Low, Medium, High), By End User, By Distribution Channel & Forecast, 2024 – 2032

  • Report ID: GMI8019
  • Published Date: Feb 2024
  • Report Format: PDF

Non-Alcoholic Smart Beverages Machine Market Size

Non-Alcoholic Smart Beverages Machine Market was valued at USD 25 billion in 2023 and is anticipated to register a CAGR of over 5.4% between 2024 and 2032. Consumers are increasingly seeking personalized experiences, and smart beverage machines can cater to this demand by offering customizable drink options. This includes adjusting sweetness levels, flavor combinations, and ingredient choices, which drives the demand for market.
 

Non-Alcoholic Smart Beverages Machine Market

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The demand for beverages with health-conscious ingredients, such as natural sweeteners, functional additives, and superfoods, is driving the non-alcoholic beverage market. Smart machines can highlight and incorporate these health-focused elements. The increasing urbanization and concentration of populations in cities contribute to the demand for convenient beverage solutions. Smart machines located in urban areas, offices, and public spaces cater to the needs of a busy urban population. Evolving demographics, including younger generations with different preferences and expectations, influence the demand for innovative and technologically advanced beverage solutions. Smart beverage machines that offer cost-effective solutions, scalability, and easy integration into various settings, including retail, hospitality, and workplaces, are likely to see increased adoption.
 

The development and implementation of smart beverage machines often involve substantial upfront costs. Manufacturers may face challenges in terms of research and development expenses, technology integration, and initial capital investment, particularly for advanced features and connectivity. Integrating smart technologies, such as IoT (Internet of Things), touchscreens, and connectivity features, adds complexity to the design and manufacturing process. Ensuring seamless functionality and user-friendly interfaces can be challenging, requiring expertise in both hardware and software development.
 

Non-Alcoholic Smart Beverages Machine Market Trends

The global focus on hygiene and health has accelerated the adoption of touchless and contactless technologies. Smart beverage machines are incorporating touchless interfaces, mobile app controls, and voice-activated commands to provide a safer and more hygienic user experience. The incorporation of Internet of Things (IoT) and smart technologies is a key trend in smart beverage machines. These machines are equipped with sensors, connectivity features, and data analytics capabilities to enhance user experiences, track consumption patterns, and offer personalized beverage recommendations.
 

Artificial Intelligence (AI) is being utilized to analyze user preferences and recommend personalized beverage options. Smart machines with AI capabilities can learn from user interactions, suggest new recipes, and adapt to changing consumer tastes over time. There is a growing emphasis on sustainability in the beverage industry. Smart beverage machines are incorporating eco-friendly materials, energy-efficient technologies, and promoting reusable containers to align with consumer preferences for sustainable and environmentally conscious choices.
 

Non-Alcoholic Smart Beverages Machine Market Analysis

Non-Alcoholic Smart Beverages Machine Market, By Product Type, 2021 - 2032 (USD Billion)
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Based on product type, the market is categorized into soda machine, coffee machine {espresso machines, drip coffee makers, pod machines}, juice/ soft drink machine, others. Coffee machines held the dominant market size of USD 13.8 billion in 2023 and is anticipated to grow throughout the years. The growing coffee culture and the preference for specialty coffees drive the demand for smart coffee machines offering a variety of coffee styles and customization options. Smart coffee machines that offer automation, remote brewing, and personalized settings cater to the demand for convenient coffee solutions. Consumers seek variety and customization in their beverage choices, and smart soda dispensers that allow flavor mixing and customization meet this demand. The trend toward healthier beverage choices contributes to the demand for smart juice dispensers that offer fresh and natural juice options.
 

Non-Alcoholic Smart Beverages Machine Market Revenue, By Category, (2023)
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Based on category the market is segmented as countertop and portable. Portable machines held the dominant market share of 60% in 2023 and is expected to grow through the years. Portable smart beverage machines are ideal for outdoor activities, picnics, and recreational events, driving demand among consumers who enjoy outdoor experiences. The portability of these machines caters to consumers with busy, on-the-go lifestyles who want access to their favorite beverages wherever they are. Countertop machines can offer a wide range of customization options, allowing users to create various beverages in the comfort of their homes. As part of the broader trend of home automation, consumers seek countertop smart beverage machines that seamlessly integrate into their kitchen spaces.
 

U.S. Non-Alcoholic Smart Beverages Machine Market, 2021 - 2032 (USD Billion)
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North America held around 25% of the total market share in 2023, owing to the increase in hygiene awareness, lifestyle changes, sustainability trends, and smart technology integration. North America has a tech-savvy consumer base that embraces innovative technologies. The appeal of smart beverage machines lies in their integration of IoT, touchscreens, and other advanced features, resonating with consumers who appreciate cutting-edge solutions. The fast-paced lifestyles in North America contribute to the demand for convenient beverage solutions. Smart machines that offer quick and customizable beverage options align with the on-the-go preferences of consumers, providing convenience and time efficiency. Consumers in North America seek personalized and customizable experiences, extending to their beverage choices. Smart machines that allow users to tailor flavors, ingredients, and nutritional content cater to the individual preferences of consumers in the region.
 

Non-Alcoholic Smart Beverages Machine Market Share

In 2023, dominant market players, including AICOOK, Breville, Cuisinart collectively held a substantial 15 -20% market share. The market is highly fragmented owing to the presence of multiple manufacturers. These prominent players are proactively involved in strategic endeavors like mergers & acquisitions, facility expansions, and collaborations to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position. These enterprises consistently allocate resources to research and development, aiming to enhance their designs and integrate cutting-edge technologies, ensuring they maintain a competitive edge.
 

Non-Alcoholic Smart Beverages Machine Market Companies

Major players operating in the non-alcoholic smart beverages machine industry include:

  • AICOOK
  • Breville USA
  • Cuisinart
  • De'Longhi
  • Hamilton Beach Brands, Inc
  • IFB Appliances
  • Isoda
  • Moccamaster USA
  • Mr. Coffee
  • Nebula
  • Omega and Cold Press
  • SharkNinja
  • Smarter
  • Sodastream
  • Wonderchef Home Appliances Pvt. Ltd
     

Non-Alcoholic Smart Beverages Machine Industry News

  • In November 2023, Coca Cola launched its "Beverage Bar" pilot program, featuring smart machines that dispense custom sparkling water creations with various flavors and syrups. This personalized approach aligns with the growing consumer demand for tailored beverage experiences.
     
  • In August 2023, Keurig, known for its coffee pods, entered the non-alcoholic smart beverage market with its "K-Supreme Plus Smart" brewer. This machine features Bluetooth connectivity and personalized profiles for creating custom iced teas, lemonades, and other cold beverages.
     

The non-alcoholic smart beverages machine market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

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Market, by product type

  • Soda Machine
  • Coffee Machine
    • Espresso Machines
    • Drip Coffee Makers
    • Pod Machines 
  • Juice/ Soft Drink Machine
  • Others (Water Maker Machine, etc.)

Market, by category

  • Countertop
  • Portable

Market, by price

  • Low
  • Medium
  • High

Market, by end user

  • Residential
  • Commercial
    • Hotels
    • Restaurants
    • Others

Market, by distribution channel

  • Online channels
    • Ecommerce 
    • Company Owned Website 
  • Offline Channels
    • Specialty Stores
    • Mega Retail stores
    • Others
       

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada 
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for non-alcoholic smart beverages machine was USD 25 billion in 2023 and is expected to register over 5.4% CAGR from 2024-2032 owing to consumers increasingly seeking personalized experiences and customizable drink options worldwide.
Non-alcoholic smart beverages machine industry from the coffee machines product type segment recorded USD 13.8 billion in 2023 and is expected to register an appreciable CAGR from 2024-2032 due to growing coffee culture and the rising preference for specialty coffees.
North America held 25% share of the industry in 2023 and is expected to register a commendable CAGR from 2024-2032 due to increase in hygiene awareness, lifestyle changes, sustainability trends, and smart technology integration in the region.
AICOOK, Breville USA, Cuisinart, De'Longhi, Hamilton Beach Brands, Inc, IFB Appliances, Isoda, Moccamaster USA, Mr. Coffee, Nebula, and Omega and Cold Press are some of the major non-alcoholic smart beverages machine companies worldwide.

Non-Alcoholic Smart Beverages Machine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 70
  • Countries covered: 22
  • Pages: 38
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