The global food service equipment market size reached a value of US$ 34.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2027, exhibiting a CAGR of 5.4% during 2022-2027.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-27
Food service equipment includes the tools, utensils, crockery, and cutlery that help in preparing, storing, and serving food. It is usually available in numerous types according to food service areas. For instance, storage racks, trolleys, measuring cups, etc., are used for food storage. Food service equipment also includes modular gas, fryers, wet grinders, molding machines, etc., which are utilized to prepare and cook food items. Presently, automated multi-use equipment finds extensive applications for making food at home or restaurants while reducing human efforts and time.
Food Service Equipment Market Industry Trends and Drivers:
The increasing consumption of fast food, the elevating levels of urbanization, and the inflating disposable income levels of consumers are primarily driving the food service equipment market. Furthermore, the rising health-consciousness among consumers, in addition to the growing focus on enhancing food safety by cafes and restaurants, is propelling the product demand. Apart from this, various government bodies of several countries are implementing stringent food control standards to ensure and safeguard public health and hygiene, which is further catalyzing the market growth. Moreover, the accelerating popularity of food tourism and luxury hotels is also augmenting the global market. In the coming years, the escalating adoption of smart equipment that aids restaurants in cutting down wastage, improving traceability, reducing costs, etc., is expected to fuel the food service equipment market.
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Gobal Food Service Equipment Market 2022-2027 Analysis and Segmentation:
The report has segmented the market on the basis on type, distribution channel and end use.
Breakup by Product Type
- Cooking Equipment
- Storage and Handling Equipment
- Warewashing Equipment
- Food and Beverage Preparation Equipment
- Serving Equipment
Breakup by Distribution Channel:
- Online
- Offline
Breakup by End Use:
- Full-service Restaurants and Hotels
- Quick-service Restaurants and Pubs
- Catering
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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