The food and beverage vending machine market is projected to grow at a CAGR of 11.73% to reach US$17.803 billion in 2024 from US$9.152 billion in 2018. The growing demand for the food and beverage vending machine is due to the growing retail industry. Also, automated retailing is further contributing to the growth of the global food and beverage vending machine market in the forecast period. However, the high cost of installation may hamper the market growth. Geographically, North America and Europe are expected to hold a significant market share in the forecast period. Furthermore, increasing research and development which has led to developments such as the introduction of the intelligent vending machines is further propelling the growth of the global food and beverage market in the coming years.
Expanding food retail industry
High initial investment
In April 2019, Big Basket is planning to invest USD100 million to set up vending machines in order to strengthen its supply chain across various cities it operates in.
In December 2015, PepsiCo unveils Hello Goodness vending machines in order to offer better product choices for the company’s diverse and highly complementary food and beverage product portfolio.
The major players profiled in the Food and beverage vending machine market are Fuji Electric Co., Ltd., Innovative Vending Solutions, Bulk Vending Systems Ltd., UK Vending Ltd, American Vending Machines, AZKOYEN, S.A., Bianchi Industry SPA, Automated Merchandising Systems Inc. and Mondelez International Group.
The Food and beverage vending machine market has been analyzed through the following segments:
Snacks vending machine
Beverage vending machine
By End User
Middle East and Africa