Category

Food And Beverage Vending Machine Market Size, Share, Opportunities, And Trends By Type (Snacks Vending Machine, Beverage Vending Machine, Others), By End User (Corporate, Public Infrastructure, Retail, Others) And Geography - Forecasts From 2019 To 2024.

114 pages
Published on : May 2019
Report Code : KSI061611707

Description

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

OUR CLIENTS