Globally the rising hospitality industry is driving market expansion The exponential expansion in the amount of food service outlets notably in European and Asian nations is due to increasing demand for this equipment
Global Food Service Equipment
Market Report
2025
The Global Food Service Equipment market size was USD 34.6 billion in 2022 and will grow and expand at a growth rate or compound annual growth rate (CAGR) of 4.5% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Food Service Equipment market size was USD 34.6 billion in 2022 and will grow and expand at a growth rate or compound annual growth rate (CAGR) of 4.5% from 2023 to 2030
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Food Service Equipment Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Equipment Type |
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Market Split by End User |
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Market Split by Sales Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Food Service Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Globally, the rising hospitality industry is driving market expansion. The exponential expansion in the amount of food service outlets, notably in European and Asian nations, is due to increasing demand for this equipment. Maintaining continuous operations in the kitchen, restaurants, hotels, and catering enterprises requires technologically innovative and energy-efficient service equipment. Furthermore, the enhanced lifestyle brought about by increased consumer money to spend is fuelling market expansion. The unpredictability of the ongoing lockdown in numerous countries has resulted in the closure of eateries and other hospitality outlets, impacting the worldwide food service machine business.
For instance, the National Restaurant Association has offered guidelines to assist restaurant owners in protecting personnel and customers and providing safe and sanitary food items. To avoid maximum food contamination and ensure food safety, the whole food industry is focused on Food Safety Management Systems that adhere to Hazard Analysis and Critical Control Point concepts. The WHO emphasizes food safety recommendations for food industry personnel and retail food locations to preserve the quality of the food chain and provide enough safe food supply to customers.
The equipment makers intend to concentrate on the low-cost services that may be supplied to improve food quality. In today's industry, monitoring and providing quality services of any gear has become mandatory. For networked and smart operations, maintenance via the internet and self-diagnosis functions are introduced, recognizing the operation of food service machines. This equipment aids in preserving cleanliness, precise temperature, and sterilizing utensils used in food preparation, hence ensuring consumer food safety.
The hotel business generates considerable money for the food service equipment sector. However, the closure of a big section of the hospitality business, including full-service eateries, pubs and bars, and quick-service eateries (QSR), has dramatically impeded the sale of food service supplies. In addition, the costly nature of modern equipment is restricting the Food Services Equipment Market's growth. Customers embrace energy-efficient appliances as their understanding of energy consumption and eco-friendly activities grows, providing opportunities for this business.
Due to rigorous social distancing and shelter-in-place regulations implemented by governments, the COVID-19 pandemic led to the temporary shutdown of food service activities. Consequently, the industry had negative growth in 2020, with insignificant output and sales. Nonetheless, when governments ease restrictions and the first vaccinations show up, the food service sector is projected to recover throughout the projection period. While dine-in dining establishment traffic is projected to take slower to recover, end consumers will likely recover via off-premises, takeout, and online delivery companies. The embattled market is predicted to thrive in the next years due to the following increase in footfall in food service establishments and corporate kitchens.
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The market for Food Service Equipment is a highly dynamic and diversified competitive environment. It includes various commercial fleet service suppliers, ranging from large multinational enterprises to smaller specialized organizations. Market participants are also undertaking various organic or inorganic strategic approaches to strengthen and expand their global footprint, with significant market developments including new Material portfolios, contractual deals, mergers and acquisitions, capital expenditure, higher investments, and strategic alliances with other organizations. Businesses are also coming up with marketing strategies such as digital marketing, social media influencing, and content marketing to increase their scope of profit earnings. Because of automation and technological advancement, businesses compete fiercely to deliver innovative products.
July 2020: Hydro Systems, a warewashing equipment brand owned by PSG Dover (Pump Solutions Group, which Dover Corporation bought), introduced two new combined rinse pumps, EvoWash and EvoRinse, in July 2020. This equipment has an additional powder or solid soap dissolver suitable for commercial and non-commercial food service companies.
(Source:www.psgdover.com/our-brands/hydro-systems)
June 2020: Alto-Shaam will introduce ChefLincTM, a cloud-based distant oven management system that supports travel savings and enhanced social distance, in June 2020. ChefLinc provides food service operators with total control over their premises, dishes, and procedures from anywhere, increasing efficiency and uniformity across many locations. Operators will no longer be required to manually insert recipes into ovens, submit ideas via the USB port, or drive to and from locations for updating ovens.
(Source:www.alto-shaam.com/en/events/virtual-events)
Top Companies Market Share in Food Service Equipment Industry: (In no particular order of Rank)
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Due to the increasing tourism sector in India, China, and Japan, Asia Pacific owns the biggest food service supply share of the market and is expected to exhibit exponential development throughout the forecast period. Furthermore, as more consumers try new meals and develop a taste for diverse cuisines, restaurants include various cuisines. Furthermore, increased processed food consumption is predicted to increase the need for these gadgets in Asia-Pacific.
According to National Restaurant Association of India data, the country's food service sector is predicted to reach over USD 843 billion by the end of 2023, providing potential for market expansion. Furthermore, increasing consumer appetite for frozen food items in Japan and China will likely drive regional food service equipment market growth. Due to a growing number of customers trying new meals and acquiring a taste for other cuisines, restaurants gradually incorporate varied cuisines into their menus.
The European food service business is predicted to grow rapidly, with increased hotel and restaurant occupancy and a developing travel and tourism sector throughout the area. Restaurants are increasingly implementing technology-based advanced food service equipment to improve their offerings, propelling the market growth. Furthermore, increased demand for bakery and confectionary food goods in Germany, the United Kingdom, and France is expected to drive massive demand for food service machinery.
The current report Scope analyzes Food Service Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Food Service Equipment Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Food Service Equipment Industry growth. Food Service Equipment market has been segmented with the help of its Equipment Type, End User Sales Channel, and others. Food Service Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Cooking & preparation gear is expected to develop rapidly among all sorts of equipment due to their need in general and convenience shops, full and fast service restaurants, etc. Refrigeration equipment is predicted to develop significantly due to its effectiveness in the beverage and food sectors for keeping frozen goods and supplying nutritious and sanitary food items.
Ware washing equipment is predicted to expand significantly due to rising demand in business kitchens for keeping a sanitary atmosphere and utensils for supplying nutritious meals to clients. Comparably, storage and handling technology is expected to rise steadily due to the need to store many food goods.
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Full-service restaurants (FSR) are in increased demand in metro and small metro areas due to rising demand for ready-to-eat food services, as a substantial proportion of the world's population comprises working professionals. Customers' reliance on full-service restaurants is growing in both developed and emerging nations, owing to being accessible to high discretionary income levels.
Quick-service restaurants (QSR) are expected to increase dramatically as meal delivery systems improve. McDonald's, Domino's, KFC, Subway, and many more are global franchises of fast-service restaurants that offer takeaway meals to their customers. Food innovation, simplicity, and affordable prices are priorities for QSRs.
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With the increased demand for huge quantities of food items throughout the food & beverage sector, offline sales are expected to rise tremendously in the coming years. Offline sales help consumers determine the technical parameters of food service machines by analyzing the equipment's appropriate operation. Buying this equipment offline provides a wide range of afterward services, boosting the worldwide food service equipment industry.
Due to the restricted demand and declining purchasing ratio, internet-based sales of this kind of machinery are expected to expand steadily.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Food Service Equipment Market is witnessing significant growth in the near future.
In 2023, the Cooking & Preparation Equipment segment accounted for noticeable share of global Food Service Equipment Market and is projected to experience significant growth in the near future.
The Full-Service Restaurant segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Electrolux , Duke Manufacturing Co. Inc. and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Equipment Type | Cooking & Preparation Equipment, Refrigeration Equipment, Ware washing Equipment., Storage & Handling Equipment, Others |
End User | Full-Service Restaurant, Quick Service Restaurant, Hotels & Pub Bar Clubs, Others |
Sales Channel | Online, Offline |
List of Competitors | Electrolux, Alto-Shaam Inc., Duke Manufacturing Co. Inc., Illinois Tool Works (Itw) Inc., Welbilt Inc., Dover Corporation, Middleby Corporation, Comstock-Castle Stove Co. Inc., Ali Group S.R.L. A Socio Unico, Cambro Manufacturing Co. Inc., Standex International Corporation, Hoshizaki America Inc., FUJIMAK CORPORATION, ITW FOOD EQUIPMENT GROUP, The Vollrath Company LLC, Haier Inc. |
This chapter will help you gain GLOBAL Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review Global Food Service Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review North America Food Service Equipment Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review Europe Food Service Equipment Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review Asia Pacific Food Service Equipment Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review South America Food Service Equipment Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review Middle East Food Service Equipment Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Food Service Equipment. Further deep in this chapter, you will be able to review Middle East Food Service Equipment Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Food Service Equipment. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Equipment Type Analysis 2019 -2031, will provide market size split by Equipment Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Equipment Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Sales Channel Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Food Service Equipment market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Cooking & Preparation Equipment have a significant impact on Food Service Equipment market? |
What are the key factors affecting the Cooking & Preparation Equipment and Refrigeration Equipment of Food Service Equipment Market? |
What is the CAGR/Growth Rate of Full-Service Restaurant during the forecast period? |
By type, which segment accounted for largest share of the global Food Service Equipment Market? |
Which region is expected to dominate the global Food Service Equipment Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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Globally the rising hospitality industry is driving market expansion The exponential expansion in the amount of food service outlets notably in European and Asian nations is due to increasing demand for this equipment