Prominent Food Service Equipment Market Trend for 2025: Rising Technological Advancement Reshaping The Food Service Equipment Market

"What market dynamics are playing a key role in accelerating the growth of the food service equipment market?
The rise of the online food service industry is playing a considerable role in propelling the food service equipment market forward. Factors such as the ease of use, universal accessibility, a wide range of options, and cost-effectiveness are fueling the growth of online food ordering. Specifically, during the COVID-19 pandemic, people began ordering food online more frequently to minimize in-person interaction, adhering to safety protocols, and keeping up with social distancing measures. This surge in the online food service industry necessitated an expanded deployment of food service equipment to meet market needs, thus augmenting the demand for this category of equipment. A case in point is a study by the leading management consulting organization Deloitte, which predicts a yearly growth of over 10% amounting to about $25 billion across Europe in the online food delivery sector by 2023. This is primarily due to fast and convenient options matched with increasing income levels. Moreover, a report by Google and Boston Consulting Group (BCG) estimates the Indian online food industry to climb to $8 billion by the conclusion of 2022, marking a growth rate of 25-30%. Therefore, the burgeoning online food service industry serves as a driving force for the escalation of the food service equipment market.

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How will the growth rate of the food service equipment market shape industry trends by 2034?
Recent years have seen a robust growth in the size of the food service equipment market. This trend is expected to continue from $38.98 billion in 2024, expanding to $41.45 billion in 2025. The projected yearly compound growth rate is 6.3%. A variety of factors are contributing to this growth observed in the historic period. These include the expansion of the foodservice and hospitality sector, proliferation of quick service and fast casual dining outlets, higher demand for efficiency in commercial kitchens, an increase in dining out and takeout preferences among consumers, as well as heightened focus on sustainability and energy efficiency in commercial kitchen operations.

In the coming years, we anticipate a significant expansion in the food service equipment market, which is projected to reach a value of $54.92 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.3%. This projected growth during the forecast period is primarily due to the increased use of intelligent kitchen appliances compatible with the Internet of Things (IoT), the tailoring of equipment to cater to unique culinary ideas, the application of contactless and touch-free technologies in food services, and the demand for compact, space-efficient kitchen equipment, coupled with continuous research and development of upcoming food service equipment. The forecasted period will also see trends such as modular and adaptable kitchen solutions, energy conserving and environmentally friendly appliances, advanced cooking methods and sous vide devices, high-speed cooking and oven technologies, intelligent kitchen management systems, and the use of augmented reality (AR) and virtual reality (VR) in culinary education.

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What trends are poised to drive the future success of the food service equipment market?
The incorporation of advanced technology is a pivotal trend escalating in the food service equipment market. The market is witnessing the adoption of state-of-the-art technologies like automation, virtual control systems, sensory systems, robots, fusion tech machinery, among others to ensure more efficient handling of food service equipment. To maintain their market dominance, leading companies in the food service equipment industry are concentrating on supplying tech-savvy equipment. As an illustrating example, Shin Star Presents, a Silicon Valley start-up specializing in cutting-edge food technology from the US, unveiled the world's first unmanned robotic mobile kitchen in August 2024. This advanced kitchen independently prepares and cooks meals during delivery, operating akin to a factory machine. It uses a series of robotic cooking components referred to as 'auto-woks' to stir-fry fresh ingredients, which are prepared daily at an off-site location. Furthermore, it offers integration with an app known as Ohlso, granting users the ability to initiate the cooking process and supervise the preparation remotely.

Which primary segments of the food service equipment market are driving growth and industry transformations?
The food service equipment market covered in this report is segmented -

1) By Equipment: Food Preparation Equipment, Drink Preparation Equipment, Heating And Holding Equipment, Cooking Equipment, Refrigerators And Chillers, Baking Equipment, Merchandisers, Ware Washing Equipment, Other F&B Service Equipment
2) By Distribution Channel: Online, Offline
3) By End-User: Full Service Restaurant, Quick Service Restaurant, Institutional, Other End-Users

Subsegments:
1) By Food Preparation Equipment: Food Processors, Mixers, Slicers And Cutters, Grinders
2) By Drink Preparation Equipment: Blenders, Coffee Makers, Juicers, Beverage Dispenser
3) By Heating and Holding Equipment: Warmers, Hot Holding Cabinets, Food Heat Lamps
4) By Cooking Equipment: Ovens, Grills and Griddles, Fryers, Steamers
5) By Refrigerators and Chillers: Walk-In Coolers, Display Refrigerators, Under-Counter Refrigerators
6) By Baking Equipment: Commercial Ovens, Proofing Cabinets, Dough Mixers
7) By Merchandisers: Display Cases, Salad Bars, Hot Food Merchandisers
8) By Ware Washing Equipment: Dishwashers, Glass Washers, Pot And Pan Washers
9) By Other F&B Service Equipment: Food Trucks, Trolleys And Carts, Catering Equipment

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Which geographical regions are pioneering growth in the food service equipment market?
Asia-Pacific was the largest region in the food service equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the food service equipment market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the influential players reshaping the food service equipment market landscape?
Major companies operating in the food service equipment market include AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group Corporation, Smeg S.p.A., The Middleby Corporation, Meiko Maschinenbau GmbH & Co. KG, Hoshizaki Electric Co. Ltd., Fujimak Corporation, Tupperware Brands Corporation, Hobart Corporation, Manitowoc Company Inc., Alto-Shaam Inc., Cambro Manufacturing Co. Inc., Comstock-Castle Stove Co. Inc., Welbilt Inc., ITW Food Equipment Group, Standex International Corporation, The Vollrath Company LLC, The Vollrath Company, Rational AG, Hatco Corporation, Ice-O-Matic, Bunn-O-Matic Corporation, Grindmaster-Cecilware, Waring Commercial Inc., Robot Coupe USA Inc.

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What Is Covered In The Food Service Equipment Global Market Report?

•Market Size Forecast: Examine the food service equipment market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the food service equipment market for a structured understanding.
•Key Players Overview: Analyze major players in the food service equipment market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the food service equipment market.
•Segment Contributions: Evaluate how different segments drive overall growth in the food service equipment market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the food service equipment market.
•Industry Challenges: Identify potential risks and obstacles affecting the food service equipment market.
•Competitive Landscape: Review strategic developments in the food service equipment market, including expansions, agreements, and new product launches.

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