Food Service Equipment Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Food Service Equipment Market Through 2025?
The market size for food service equipment has seen robust growth in the past few years. This market, which was worth $38.98 billion in 2024, is projected to reach $41.45 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth over the historic period include the expansion of the foodservice and hospitality industry, the proliferation of quick-service and fast-casual dining outlets, a surge in demand for efficient commercial kitchens, an increase in consumer tendency towards dining out or opting for takeaways, and an emphasis on sustainability and energy efficiency in commercial kitchen operations.

What's the Projected Size of the Global Food Service Equipment Market by 2029?
In the coming years, the market size for food service equipment is predicted to experience robust growth, escalating to $54.92 billion by 2029 at a compound annual growth rate of 7.3%. This anticipated growth during the forecast period can be cited to factors such as the increased application of advanced and IoT-enabled kitchen tools, the tendency for equipment customization to match unique culinary styles, the introduction of touchless technology in food services, the inclination for compact kitchen gear that optimizes space, and ongoing research and development into groundbreaking food service equipment. Notable market trends for this forecast period are modular kitchen solutions that can be customized, environmentally-friendly appliances that are also power efficient, innovative cooking methods and sous vide equipment, swift cooking and oven technologies, intelligent kitchen management systems, and the role of augmented reality (AR) and virtual reality (VR) in culinary education.

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Top Growth Drivers in the Food Service Equipment Industry: What's Accelerating the Market?
The rise of the online food service sector significantly fuels the expansion of the food service equipment market. The online food sector's progression can be attributed to various factors, including the convenience it provides, expanded options, affordable prices, and universal accessibility. This was particularly evident during the COVID-19 pandemic, where individuals adhered to social distancing measures and safety guidelines, resulting in increased online ordering. In turn, this necessitated an increased deployment of food service equipment to meet market needs, spiking demand for such equipment. An illustrative example from a Deloitte report suggests that the online food delivery sector is forecasted to witness over a 10% annual increase, reaching almost $25 billion across Europe by 2023. This elevating trend is likely due to increased income paired with faster and more convenient alternatives. Adding to these data, a report from Google and Boston Consulting Group (BCG) projects that the Indian online food market will rise to $8 billion by 2022's end, showing a 25-30% growth. Consequently, the upsurge in the online food service industry is poised to propel the food service equipment market.

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What Trends Will Shape the Food Service Equipment Market Through 2029 and Beyond?
The advent of technology is a prominent trend that's seeing a surge in popularity within the food service equipment industry. The market is taking advantage of cutting-edge technologies such as automation, virtual control systems, sensory systems, robotic technology, fusion tech machinery, and more to enhance the efficiency of food service equipment operations. Leading corporations in the food service equipment market are putting a great deal of focus on supplying high-tech equipment in a bid to solidify their market presence. For example, Shin Star Presents, a Bay Area start-up based in the US with a passion for innovation in food technology, unveiled the first ever autonomous robotic mobile kitchen in August 2024. This futuristic kitchen can prepare an entire meal while on the way for delivery, functioning much like a factory machine. It utilizes a system of robotic cooking components, known as 'auto-woks', to sauté fresh ingredients which are prepared daily at a separate location. This kitchen also syncs with an application called Ohlso, which allows users to remotely start the cooking process and keep track of the preparation.

What Are the Main 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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Which Top Companies are Driving Growth in the Food Service Equipment Market?
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.

Which Regions Will Dominate the Food Service Equipment Market Through 2029?
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.

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