According to Technavio’s latest market research study, the global food dispensing machines market is expected to grow at a CAGR of more than 5% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global food dispensing machine market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the end-user type
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Global food dispensing machines market for the retail segment: Retail formats like supermarkets and hypermarkets are some of the key end-users of food dispensing machines. Vendors are now focusing more on developing enhanced designs to attract customers. For instance, food dispensing machines made of polycarbonate and stainless steel materials in different designs and finishes are currently available in the market. The availability of an increased number of options to choose from is expected to propel the demand for food dispensing machines in the retail segment during the forecast period.
“Large retail chains mostly prefer wall-mounted dry food dispensing machines. These are also called gravity dispensing machines and are used for bulk dispensing of dry food items. Dry food dispensing machines are used to store dry food items to keep them fresh and crispy,” says Manjunath Reddy, a lead analyst at Technavio for research on food service.
Global food dispensing machines market for restaurants and hotels: The kind of restaurants that use food dispensing machines include QSRs, full-service restaurants (FSRs), cafes, bakeries, and fast casual restaurants (FCRs), which make extensive use of food dispensing machines. Vendors in the market are focusing on developing and providing easy-to-use food dispensing technology where customers can easily serve themselves with measured portions of food. For instance, Star Manufacturing International’s hot food dispensing machines are integrated with a high-speed motor.
Global food dispensing machines market for other applications: The others segment includes catering companies, clubs and pubs, and ice cream shops that use various types of food dispensing machines. Food dispensing machines are also widely used by many catering companies to keep food organized and to ensure that it is at the right temperature. Technavio’s industry analysts predict the revenue from other applications of food dispensing machines to account for a revenue of more than USD 191 million by 2021.
The top vendors operating in the global food dispensing machines market are:
- IDM
- Rosseto
- Server Products
- Zevro
Other prominent vendors in the market include BUNN, Cal-Mil, Grindmaster-Cecilware, Garibaldi, Nemco Food Equipment, Star Manufacturing International, TableCraft, and The Vollrath Company.
A more detailed analysis is available in the Technavio report titled, ‘Global Food Dispensing Machines Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Food Display Cabinet Market 2017-2021
- Global Commercial Drawer Warmer Market 2017-2021
- Commercial Foodservice Equipment Market in the US 2017-2021
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