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Frozen Beverage Dispenser Market Expected to Achieve 6.2% CAGR by 2029: Growth Forecast Insights
Frozen Beverage Dispenser
How Large Will the Frozen Beverage Dispenser Market Size By 2025?
The market size for frozen beverage dispensers has been on a robust growth trajectory in the past few years. It is projected to expand from a market value of $1.74 billion in 2024 to $1.85 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.5%. The historical growth can be attributed to factors such as the upsurge in demand for convenience foods, growth in disposable income, urbanization trends, the rising popularity of frozen beverages, and advancements in the tourism and travel sectors.
How Big Is the Frozen Beverage Dispenser Market Size Expected to Grow by 2029?
The market size of frozen beverage dispensers is predicted to experience substantial growth in upcoming years and is expected to escalate to $2.35 billion by 2029 with a 6.2% compound annual growth rate (CAGR). Various factors like innovative flavor options, rising demand for energy-efficient dispensers, health-aware consumer tendencies, increasing number of franchise outlets, and sustainability efforts by manufacturers contribute to this projected growth. Major trends for the forecast period include the inclusion of smart technology, a surge in organic and natural flavors, emphasis on hygiene and safety aspects, an upward trend in ready-to-drink beverages, and the progress in energy-conservation technologies.
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Which Key Market Drivers Powering Frozen Beverage Dispenser Market Expansion and Growth?
The escalating food service sector is projected to spur the growth of the frozen beverage dispenser market in the future. This sector consists of establishments that prepare, deliver, and offer food and beverages, such as restaurants, cafes, catering firms, and institutional food suppliers. The advancement of the food service industry can be attributed to factors like the growing demand for convenience among consumers, changing dining trends, technological progress, and the increasing popularity of dining out and food delivery services. A frozen beverage dispenser aids in the effective preparation and service of cold, slushy beverages, thus improving customer contentment and escalating sales in the food service sector. For example, data from the Office for National Statistics, a UK-based statistical authority, showed that the count of licensed restaurants in the UK rose from 29,680 in 2021 to 31,420 in 2022 as of March 2023. As a result, the expanding food service industry is a major driving force behind the frozen beverage dispenser market.
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Which Fast-Growing Trends Are Poised to Disrupt the Frozen Beverage Dispenser Market?
Leading corporations in the frozen beverage dispenser industry are concentrating on the creation of novel items such as frozen vending machines, catering to the needs of an ever-evolving world by providing a vending solution capable of functioning at incredibly low temperatures. These automated vending machines provide frozen products like ice cream, frozen dinners, or chilled drinks and are typically found in spaces like airports, work buildings and academic institutions, providing easy access to frozen snacks and dishes. To highlight, SandenVendo GmbH, a German firm specializing in heating and cooling technologies, introduced G-Frozen back in December 2023. This vending machine, which operates at temperatures as low as -25 °C, is engineered to stock and vend a broad array of ready-to-consume meals, including vegan, gluten-free and gourmet options, in addition to beverages. This novel solution meets contemporary customer expectations by providing convenient and healthy food choices, thereby aligning with the rising inclination towards 24/7 mini-markets and automated cafeterias.
What Are the Emerging Segments in the Frozen Beverage Dispenser Market?
The frozen beverage dispenser market covered in this report is segmented -
1) By Dispenser Type: Single-Serve Dispensers, Multi-Serve Dispensers
2) By Operation: Electric, Non-Electric
3) By Capacity: Below 10 Liters, 10-25 Liters, 25-40 Liters, Above 40 Liters
4) By Installation: Freestanding, Countertop And Under-Counter, Portable
5) By Application: Restaurant, Beverage Store, Other Applications
Subsegments:
1) By Single-Serve Dispensers: Countertop Single-Serve Dispensers, Self-Serve Kiosks, Portable Single-Serve Dispensers
2) By Multi-Serve Dispensers: Floor-standing Multi-Serve Dispensers, Wall-Mounted Multi-Serve Dispensers, Modular Multi-Serve Dispensers
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Who Are the Global Leaders in the Frozen Beverage Dispenser Market?
Major companies operating in the frozen beverage dispenser market are Electrolux Group, Vollrath Company LLC, Taylor Freezer Corporation, BUNN, Grindmaster Corp, FBD Partnership LP, ELECTRO FREEZE (FR) LTD., Stoelting Foodservice Equipment, Food Equipment Technologies Co (FETCO), Admiral Craft Equipment Corp, SPM Drink Systems Spa, Donper USA, Ugolini Spa, SENCOTEL S.L., Elmeco Srl, AMPTO, Cofrimell di Zicarelli Srl., IMI Cornelius Inc., Mittal International, Spaceman USA
Which are the Top Profitable Regional Markets for the Frozen Beverage Dispenser Industry?
North America was the largest region in the frozen beverage dispenser market in 2024. The regions covered in the frozen beverage dispenser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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