Food and Beverages Vending Machine Market Size and Market Share Analysis 2015 – 2021

Food and beverages vending machine is a coin operated machine for selling merchandise. It is an electronic machine which dispenses items such as snacks, beverages, alcohol, cigarettes and others after a certain amount of money has been put into the machine. It is primarily used in retail sector, quick service restaurants hotels and others. Growing retail sector coupled with increasing need to expand virtual space in retail outlet is driving the growth of food and beverages vending machine across the globe. However, high initial investment for the installation of vending machine may effects its market growth in the near future.

To View Complete Report @ : http://www.persistencemarketresearch.com/market-research/food-and-beverages-vending-machine-market.asp

Food vending machine market is segmented on the basis of product type which includes beverages vending machine and food vending machine. Among both of these segment food vending machine is expected to show a healthy growth during the forecast period. Beverages vending machine is further sub segmented as hot beverage vending machines, cold beverage vending machines and soda/ beer/ liquor/ wine vending machines. Among all of these sub segment cold beverages vending machine is expected to contribute highest in terms of revenue. However, soda/ beer/ liquor/ wine vending machines is expected to show a substantial growth during the forecast period. Moreover food vending machine is further sub segmented as candy vending machines, snack vending machines, fresh food vending machines, frozen food vending machine, fruits vending machines, milk vending machines and others (egg vending machine). Among all these sub segment snack vending machine is expected to account for the highest market share followed frozen food and candy vending machine in the near future.

A sample of this report is available upon request @http://www.persistencemarketresearch.com/samples/6454

Food and beverages vending machine is further segmented on the basis of end use which includes airport, corporate offices, schools/colleges, hotels and quick serving restaurants (QSR) and others. Among all these segments quick serving restaurants is expected to contribute highest in terms of revenue followed by airport. Credit-card acceptance offers convenience and also healthier food option is attributed to this growth. Moreover, revenue through airport is predicted to play an important role in food and beverages vending machine market.

To view TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/6454

On the basis of geography, North America is expected to contribute to the highest in terms of market share in food and beverages vending machine market followed by Europe. The governments have made labelling of nutritional values on products mandatory. Vending machines are capable of displaying such content clearly is predicted to drive the growth of food and beverages vending machine market across North America region. Whereas, Asia pacific is concerned it is expected to register a healthy double digit growth by 2020. In Asia pacific region China is expected to be the most dominant market for food and beverages vending machine followed by India. Increased introduction of new hot beverages suitable for vending machine is promoting the growth of food and beverages vending machine in China.

Continuous research and development and introduction of intelligent vending machine is expected to fuel the growth of food and beverages vending machine market in near future. Moreover, automated retailing coupled with ability to minimize operational cost is also predicted to support the growth of food and beverages vending machine market during the forecast period.

About Us 
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
 PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact
Persistence Market Research Pvt. Ltd
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web:www.persistencemarketresearch.com

This release was published on openPR.