According to the latest report by IMARC Group, titled “Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global food service equipment market size reached 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.
Food service equipment refer to utensils, tools, crockery, cutlery, etc., that aid in storing, preparing, and serving food. They are widely available in various types depending on food service areas, such as storage racks, weighing scales, measuring cups, spoons, trolleys, etc., that are utilized for food storage purposes. Meanwhile, fryers, wet grinders, modular gas, molding machines, etc., are used to prepare and cook food items. Food service equipment find extensive applications in hotels, restaurants, catering establishments, pubs, etc., across countries.
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Food Service Equipment Market Trends:
The escalating consumption of fast-food items, owing to the changing dietary patterns, growing urbanization and income levels, and the busy consumer schedules, is primarily driving the food service equipment market. Besides this, the introduction of healthy meal variants by commercial food establishments, such as cafes and restaurants, for improving the food safety and the rising health consciousness among consumers are further augmenting the market growth. Moreover, the implementation of stringent regulations by government bodies to control and maintain food standards is also catalyzing the global market. Moreover, the inflating popularity of food tourism and luxury hotels is acting as another significant growth-inducing factor. Furthermore, the development of smart industry tools that aid in cutting down wastage, maintaining traceability, and minimizing costs is expected to stimulate the food service equipment market in the coming years.
Global Food Service Equipment Market 2022-2027 Analysis and Segmentation:
Competitive Landscape Key Player:
- AB Electrolux
- Ali group s.r.l. a socio unico
- Alto-Shaam Inc.
- Cambro Manufacturing
- Comstock-Castle Stove Co. Inc
- Dover Corporation
- Duke Manufacturing
- Illinois Tool Works Inc.
- The Middleby Corporation and Welbilt.
The report has segmented the market on product 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
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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