Psyd wrote:There isn't a single person in this country over the age of two that doesn't know about specialty coffees. There's a market, and LM just barely missed tapping it.
HB wrote:Most people can't even spell espresso correctly, let alone recognize it's relationship to specialty coffee. While I hold the home espresso market near and dear, it's a tiny, tiny niche market.
I'm with Psyd. Specialty coffee awareness keeps growing, even if some of it comes from McD commercials. As for the high-end home niche, I agree that LM would have owned it, if they'd been able to control U.S. pricing and worked a little harder on QC. They still might, although interesting competitors are on the horizon.
As for espresso and specialty coffee being a niche market, it is so only if you define it by the hand-made, perfection-striving measures of this Board. In the real world, espresso is huge, even in the U.S., where the recession is driving consumers to brew it at home. Yes, they are pod machines, super-autos and cheap non-auto machines, but they are espresso makers.
From some of these machine buyers will come a larger audience for coffee education and, especially as the economy recovers, a market for top-end equipment. There is a major news piece every week about some roaster or coffee bar's consumer cupping or brewing class. I'm optimistic. After all, like many of you, I started with a "steam toy" and a blade grinder.