Global Food Service Equipment Market Outlook 2025-2034: Trends, Innovations, And Future Outlook

The Food Service Equipment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Food Service Equipment Market Size and Projected Growth Rate?
The market size of food service equipment has experienced robust growth in the past few years. The market is projected to rise from $38.98 billion in 2024 to $41.45 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth during the historical period include the expansion of the foodservice and hospitality sectors, the proliferation of quick service and fast casual eateries, enhanced demand for commercial kitchen efficiency, escalating consumer preferences for dining out and takeouts, and an emphasis on sustainability and energy efficiency in commercial kitchens.

The market for food service equipment is set to witness substantial expansion in the ensuing years, with the market value projected to reach $54.92 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth predicted during the forecast period is primarily driven by the adoption of intelligent and IoT-enabled cooking utensils, equipment customization in alignment with unique culinary concepts, integration of no-contact technology in food service, a surge in demand for compact, space-saving kitchen items, and research and development targeted at the next-gen food service equipment. Trends forecasted in the same period include the rise of modular and customizable kitchen setups, energy-conserving and environmentally friendly appliances, breakthroughs in cooking skills, and sous vide tools, swift cooking and oven technologies, intelligent kitchen management procedures, the application of augmented reality (AR), and virtual reality (VR) in culinary education.

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What Are the Major Segments in the Food Service Equipment Market?
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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What Are The Driving Food Service Equipment Market Evolution?
The expansion of the online food service industry is playing a significant role in fueling the growth of the food service equipment market. The rise of online food services can be attributed to various factors like easy access, a broad array of choices, affordable rates, and more. Specifically, the COVID-19 pandemic played a crucial role as individuals had to adhere to social distancing measures and safety rules. Consequently, consumers resorted to placing online orders frequently to minimize direct contact. Consequently, this expansion required additional food service equipment to meet market needs, leading to a surge in demand for such equipment. For example, a study by Deloitte, one of the leading management consulting firms, predicts that the online food delivery market is set to expand by over 10% per annum to approx $25 billion in Europe by 2023. This increase can be attributed to faster and more convenient options combined with a rise in income levels. Moreover, a report by Google and the Boston Consulting Group (BCG) projects the Indian online food market value to hit $8 billion by late 2022, growing at a 25-30% rate. Therefore, the burgeoning online food service industry is expected to boost the food service equipment market's growth.

Which Firms Dominate The Food Service Equipment Market Segments?
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.

What Trends Are Expected to Dominate the Food Service Equipment Market in the Next 5 Years?
The increasing popularity of technological advancements is shaping trends in the food service equipment market. The market is observing the introduction of progressive technologies such as automation, virtual control systems, sensors, robotics, fusion tech devices, and more to increase the efficacy of food service equipment operations. Key players in the food service equipment market aim to enhance their market share by providing technologically forward equipment. For instance, Shin Star Presents, an innovative food tech startup from the US's Bay Area, unveiled the world's first robotically operated mobile kitchen in August 2024. This mobile kitchen autonomously cooks and prepares meals in transit, operating akin to a factory machine. The kitchen utilizes 'auto-woks', a series of robotic cooking implements, to stir-fry fresh ingredients prepared daily at a separate location. Also, it integrates with a mobile app named Ohlso, which allows users to remotely initiate the cooking and monitor the meal preparation.

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Which Is The Largest Region 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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Food Service Equipment Market?
2. What is the CAGR expected in the Food Service Equipment Market?
3. What Are the Key Innovations Transforming the Food Service Equipment Industry?
4. Which Region Is Leading the Food Service Equipment Market?

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