Provided is an apparatus for manufacturing beverage. The apparatus includes a heat exchanger to heat a fluid. The heat exchanger includes a body including a first end portion and a second end portion, and the second end portion is opposite to the first end portion. The apparatus further includes a heater embedded in the body, a first pipe installed in the body and guiding the fluid in a first direction from the first end portion of the body to the second end portion of the body, and a second pipe installed in the body and guiding the fluid output from the first pipe in a second direction opposite to the first direction.