Commercial Foodservice Equipment Industry Outlook 2025-2029: Market Set to Cross $44.22 Billion Milestone

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How Large Will the Commercial Foodservice Equipment Market Size By 2025?
In recent times, the commercial foodservice equipment market has been experiencing robust growth. Predictions indicate its expansion from $33.28 billion in 2024, to $35 billion in 2025, marking a compound annual growth rate (CAGR) of 5.2%. Factors propelling this growth during the historical period include an uptick in demand for quick service restaurants, an expanding food and beverage sector, heightened interest in healthier and gourmet food preferences, regulatory norms, and the surge in demand for equipment that aids food packaging and transportation.

How Big Is the Commercial Foodservice Equipment Market Size Expected to Grow by 2029?
Expectations are high for impressive growth in the commercial foodservice equipment market in the coming years. The market is predicted to expand to $44.22 billion by 2029, showing a compound annual growth rate (CAGR) of 6.0%. Factors contributing to growth during this forecast period include surging urban populations, heightened consciousness about food safety and hygiene, global food chain expansion, the rise in popularity for delivery and take-out services, and increased investment in culinary schools and training facilities. Major trends seen in this forecast period are the growing adoption of state-of-the-art technologies, digital ordering and payment system integrations, remote monitoring and management, compact and space-efficient designs, and the introduction of robotic and automated solutions.

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Which Key Market Drivers Powering Commercial Foodservice Equipment Market Expansion and Growth?
The continued growth of quick service and fast casual restaurants is predicted to fuel the development of the commercial foodservice equipment market. Quick-service restaurants (QSRs), which offer fast food with minimal table service, and fast casual restaurants, known for their higher-quality food and more relaxed dining atmosphere without full table service, are expanding. This growth is spurred by increasing consumer demand for convenient, high-quality, and budget-friendly dining options. Commercial foodservice equipment used in these restaurants helps to streamline food preparation, boost efficiency, and uphold high standards for food quality and safety. A Netherlands-based food company, Aviko, published a report in June 2023 noting that the fast food industry in the UK expanded from $26.57 million (£20.61 billion) in 2022 to $28.41 million (£22.04 billion) in 2023. By mid-2023, 45% of UK consumers ate at fast food places. Furthermore, throughout 2023, 13% of the British population ordered takeaway food weekly. Hence, the ongoing growth of quick service and fast casual restaurants stimulates the development of the commercial foodservice equipment market.

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What Trends Will Shape the Commercial Foodservice Equipment Market Through 2029 and Beyond?
Major corporations functioning in the commercial foodservice equipment sector are prioritizing the creation of unique products like combi ovens to improve cooking effectiveness and flexibility. Combi ovens are sophisticated kitchen gadgets that mix convection and steam cooking techniques for superior effectiveness, precision, and flexibility. UNOX Inc., an American food machinery products manufacturer, for example, unveiled two innovative ovens, CHEFTOP-X and BAKERTOP-X, in November 2023. These ovens aim to transform user-machine interaction and performance with quick, adaptable, and intuitive interfaces fortified by AI. Particularly, the CHEFTOP-X oven is custom-made for foodservice applications, while the BAKERTOP-X oven is crafted for bakery and pastry shop needs. Both machines feature the latest technology, including voice command through HEY.Unox and the new OPTIC Cooking accessory that streamlines the cooking procedure by enabling automatic program initiation upon visual recognition of inserted food.

What Are the Emerging Segments in the Commercial Foodservice Equipment Market?
The commercial foodservice equipmentmarket covered in this report is segmented -

1) By Type: Baking Equipment, Cooking Equipment, Ware Washing Equipment, Preparation Equipment, Holding And Storing Equipment, Beverage Equipment, Ice, Refrigeration
2) By Distribution: Offline, Online
3) By End-User: Food Production Facilities, Foodservice Outlets

Subsegments:
1) By Baking Equipment: Ovens (Convection, Deck, Rotary), Mixers, Proofers, Dough Sheeters, Baking Pans And Racks
2) By Cooking Equipment: Ranges (Gas, Electric), Griddles, Fryers, Broilers, Steamers, Pressure Cookers
3) By Ware Washing Equipment: Dishwashers (Undercounter, Conveyor), Glass Washers, Commercial Sinks, Sanitizing Equipment
4) By Preparation Equipment: Food Processors, Mixers, Slicers, Cutters, Blenders, Grinders
5) By Holding And Storing Equipment: Warmers (Bain-Marie, Heated Shelves), Food Warmer Cabinets, Holding Cabinets, Food Storage Containers, Carts And Racks
6) By Beverage Equipment: Coffee Machines (Brewers, Espresso), Beverage Dispensers, Smoothie Makers, Commercial Blenders, Tea Brewers
7) By Ice: Ice Makers (Modular, Self-Contained), Ice Dispensers, Ice Storage Bins, Ice Crushers
8) By Refrigeration: Commercial Refrigerators, Freezers (Reach-In, Chest Freezers), Refrigerated Prep Tables, Blast Chillers, Walk-In Coolers

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Who Are the Global Leaders in the Commercial Foodservice Equipment Market?
Major companies operating in the commercial foodservice equipment market are Libbey Inc., Cambro Manufacturing Co, The Vollrath Company LLC, Tundra Restaurant Supply, Provisur Technologies Inc., Broaster Company, Blodgett Oven Company, Hatco Corporation, Falcon Foodservice Equipment ltd, Chefs'Toys, Victory Refrigeration, Energy Star, AMTek Microwaves, Adexa Direct, Riddhi Display Equipments Pvt Ltd, TAG Catering Equipment UK Ltd, Bakers Pride, Kitchenrama, Hobart Food Equipment, Roundstone Catering Equipment Ltd, Cater-kwik Ltd, Target Catering Equipment, Canadian Restaurant Supply, Permul Ltd

Which are the Top Profitable Regional Markets for the Commercial Foodservice Equipment Industry?
North America was the largest region in the commercial foodservice equipment market in 2024. The regions covered in the commercial foodservice equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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