Current Scenario of Fresh Food Vending Machines Market | Canteen Vending, Biocom Vending, Fresh Healthy Vending International, Inc., Advantage Food & Beverage
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Inventions in the food industry have resulted in the reduction of human efforts for meeting their necessary requirements such as food. Eatables are now readily available to customers through vending machines which are available at workplaces, shopping malls, schools, universities, hospitals, and other public places. Earlier, the food vending machines were mostly focused on providing fast foods.
However, during the recent years, the rise in health consciousness among population has increased the demand for healthy food. At the same time, ease of availability remains a crucial factor and thus vending machines manufacturers have now started providing food dispensers where customers can select the ingredients and get their recipe prepared with fresh material.
Common people are now more concerned regarding their health, with an emphasis on eating healthy. Therefore, vending machine makers have taken initiatives to bring change into the market by offering meal-sized salads, protein foods such as eggs and chicken, and fresh vegetables. The aim behind this is to help customers in managing healthy lifestyle despite their busy work schedule.
Fresh food vending machine market is anticipated to witness a significant growth in coming years due to demand from customers who wish to eat healthy but are used to fast food habits. Furthermore, the technological innovations have laid foundations of intelligent vending machines with the incorporation of interactive LCD touchscreens and acceptance of payments through cards and mobile devices. Near field communication (NFC) technology is expected to offer tremendous opportunities for consumer engagement in coming years. Also, the U.S. and European governments have made it mandatory to label every food product with its nutritional value, which is indicated to the consumers through these interactive LCDs.
However, the fresh food vending machines are expensive and need regular maintenance and this is posing a challenge to the growth of their market. Location plays an important role in profit generation from vending machines and thus is an important factor to consider while setting up vending machine’s business. Getting a suitable location to install fresh food vending machines is often challenging due to constraints of budget.
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Food theft and threat of vandalism is another challenge fresh food vending market may face during the coming years. A key factor for success in fresh food vending machines market would be partnerships with business organizations to make healthy food available to their employees through vending machines.
Fresh food vending machines market include machines which can serve hot and cold healthy foods such as salads, proper meals (veg/non-veg) and deserts. In addition to these, rising demand for eatables such as sandwiches and veggies in schools and hospitals is likely to boost the market growth in coming years. Pizza and fruit dispensing machines are also getting popular these days.
Key players involved in the fresh food vending machines market are Canteen Vending, Biocom Vending, Fresh Healthy Vending International, Inc., Advantage Food & Beverage, HUMAN Healthy Vending LLC., N&W Global Vending S.p.A.
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Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
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Market shares and strategies of key players
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