Press release
Food And Beverage Vending Machine Market Size, Growth, In-depth Analysis, Research Report Forecast up to 2027: Innovative Vending Solutions and Fuji Electric Co. are key players
The Food And Beverage Vending Machine Market is expected to grow at a CAGR of 8.95% to reach a market size worth US$19,760.181 million by 2027.The prime factors propelling the growth of the food and beverage vending machine market are the rise in demand for vending machines. In addition, the market's expansion has primarily been fueled by the food and beverage sector's phenomenal development over the past ten years, notably due to developments in ready-to-drink bottled beverages.
The report states that the food and beverage vending machine market will grow steadily.
A vending machine is an automated device that gives customers products like snacks, beverages, cigarettes, etc., when they input cash, a credit card, or another type of card that has been expressly made for the purpose. Some benefits of using the product are reduced personnel costs, 24/7 assistance, simple management, and other benefits. The demand is being driven up by the product's increasing acceptance in educational settings like universities and schools and in the corporates, which is another determinant that is expected to strengthen the growth of the food and beverage vending machine market during the forecast period. Also, expanding end-user industries and technological improvements will increase demand for food and beverage vending machines.
Sample request or complete report can be purchased through the link below:
https://www.knowledge-sourcing.com/report/food-and-beverage-vending-machine-market
The food and beverage vending machine market has been categorized based on type, end-user, and geography.
The market has been classified by type based on vending machines, beverage vending machines, and others. The beverage vending machine is expected to have a larger market share due to its popularity and availability over food vending machines in most business settings, including cafés, bars, restaurants, and others.
By end-user, the market has been classified into corporate, public infrastructure, retailer, and others. Companies are focusing more on healthy vending to advance their goal of fostering sustainable convenience and intentional eating through developing strategic collaborations that are expected to grow the food and beverage vending machine market.
By region, North America is expected to retain a considerable market share due to the growing need for vending machines in the nation due to the rising consumption of junk foods, snacks, and drinks in the USA market of the area. The National Retail Federation reports 8,100 new retail outlets opened in the USA in 2021, a considerable rise of 70% over the previous three years. As per the same source, sales will increase by 6% to 8% to reach more than $4.9 trillion in 2022.
As a part of the report, the major players operating in the food and beverage vending machine market that have been covered are Innovative Vending Solutions, Bulk Vending Systems Ltd., UK Vending Ltd, AZKOYEN, S.A., Bianchi Industry S.p.A., Automated Merchandising Systems Inc., Fuji Electric Co., Ltd., Crane Payment Innovating.
This food and beverage vending machine market has been analyzed into the following segments:
• By Type
o Snacks Vending Machine
o Beverage Vending Machine
o Others
• By End-User Industry
o Corporate
o Public Infrastructure
o Retailer
o Others
• By Geography
o North America
• USA
• Canada
• Mexico
o South America
• Brazil
• Argentina
• Others
o Europe
• Germany
• France
• United Kingdom
• Spain
• Others
o The Middle East and Africa
• Saudi Arabia
• Israel
• Others
o Asia Pacific
• China
• India
• Japan
• South Korea
• Others
Related Reports:
• https://www.knowledge-sourcing.com/report/smart-vending-machine-market
• https://www.knowledge-sourcing.com/report/global-brewery-equipment-market
• https://www.knowledge-sourcing.com/report/global-kitchen-appliances-market
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges, and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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