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.
DRIVERS
Expanding food retail industry
Changing lifestyle
RESTRAINTS
High initial investment
INDUSTRY UPDATES
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.
Segmentation
The Food and beverage vending machine market has been analyzed through the following segments:
By Type
Snacks vending machine
Beverage vending machine
Others
By End User
Corporate
Public infrastructure
Retail
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Other
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the food and beverage vending machine market?
A1. The global food and beverage vending machine market is projected to grow at a CAGR of 11.73% over the forecast period.
Q2. What will be the food and beverage vending machine market size by 2024?
A2. The food and beverage vending machine market is projected to reach a total market size of US$17.803 billion in 2024.
Q3. What is the size of global food and beverage vending machine market?
A3. Food And Beverage Vending Machine market was valued at US$9.152 billion in 2018.
Q4. Which region holds the largest market share in the food and beverage vending machine market?
A4. Geographically, North America and Europe are expected to hold a significant share in the food and beverage vending machine market.
Q5. What factors are anticipated to drive the food and beverage vending machine market growth?
A5. Automated retailing is contributing to the growth of the global food and beverage vending machine market in the forecast period.
