growing working population in us is driving the Office Coffee Service Market in US
Technavio analyzes that the Office Coffee Service Market in US is expected to grow at a CAGR of 8.47% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1230 million.There are various factors that contribute to the growth of the market. The dynamic workforce landscape in the United States is witnessing significant growth, leading to an increasing demand for Office Coffee Services (OCS). This trend is driven by the expanding labor force, with an estimated 160 million people currently employed. By providing a convenient and cost-effective solution for workplaces, OCS companies cater to this demand, ensuring productivity and employee satisfaction.
In the US office coffee service market, the cafe segment held a significant market share in 2022. This segment comprises coffee shops, cafes, and similar establishments that primarily offer coffee and related products to consumers. The cafe market is highly competitive, with a substantial number of independent cafes and chain coffee shops in operation. According to the 2020 Allegra Project Cafe report, there are over 37,000 coffee shop locations in the US. Notably, two major chain brands, Starbucks Coffee Co. (14,875) and Dunkin (9,570), account for approximately 78% of these establishments. This underscores the intense competition within the cafe segment of the office coffee service market in the US.
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Office Coffee Service Market in US Segmentation
As per our research findings, here are some of the key competitors that are leading the industry
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The Office Coffee Service market in the US caters to corporate workplaces, providing Coffee Machines, Brewers, and Vending Machines for Office Coffee Consumption. Coffee Suppliers ensure timely Coffee Delivery to Office Pantry, offering a wide range of Coffee Brands and Solutions. Coffee Equipment includes Coffee Roasters and Coffee Pods, while Coffee Subscription Services offer Office Refreshments and Coffee Beverages for Office Breakroom. Office Culture favors Coffee Trends, such as Coffee Preferences and Coffee Solutions, making Office Coffee a significant part of the Coffee Industry. Office Supplies often include Coffee Solutions and Office Snacks, enhancing the overall Office Experience.
The Office Coffee Service Market in the US is a segment of the broader Global Specialized Consumer Services Market, according to Technavio's market research. This market encompasses the revenue generated by providers of various consumer services, which include residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Technavio's analysis of the Global Specialized Consumer Services Market is based on the revenues generated by specialized providers such as residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. The report excludes consumer services categorized under casino and gaming, hotels, resorts, and cruise lines; leisure facilities; restaurants; and education services.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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