Jul 15, 2020 2:25 PM ET
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Global Food Service Equipment Market Research Report: By Product (Cooking Equipment, Storage & Handling Equipment, Ware Washing Equipment, Food Holding & Serving Equipment, and Others), Application (Full-Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs, and Others), and Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025
Food Service Equipment: Offering Best of Class Service & Quality:
Global food service equipment market is estimated to reach around USD 45 billion by 2025, registering a CAGR of ~5%; Forecast till 2025.
What is Food Service Equipment?
Food safety being one of the top priorities, professional food service equipment, has gained traction in the past few years. Food service equipment is majorly used for food handling and processing applications. It is generally prominent among full-service restaurants. Equipment plays a crucial role in the food service sector for preparation and serving of a variety of food items.
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Factors Shaping up the Food Service Equipment Market
Food service equipment is gaining huge prominence across the globe. The growth can be credited to the industry resulting in an increased number of restaurants and hotels and growing hospitality. The surging demand for energy-efficient products, coupled with the rising demand for quick service restaurants are likely to act as gamer changers for the entire market. The growth of the hospital sectors is reaching new heights and will reflect positive growth on the foodservice equipment market worldwide. With the increasing demand for the best of class quality and service from the F&B and hospitality sectors, the food service equipment market will garner new heights.
Benefits of Food Service Equipment
Commercial kitchens are packed with several kinds of supplies and equipment. Right from fryers to ovens, every appliance in the kitchen plays an important role in operating a restaurant. Commercial kitchen equipment will keep appliances in the best shape possible besides reducing the risk of breakdown.
- Prevents Expensive Breakdown: Buying a commercial kitchen is a huge investment. Having the appliances serviced regularly and tuned by a professional will extend the lifespan of commercial kitchen equipment.
- Efficiency: As appliances within a commercial kitchen use water, they are prone to limescale buildup. If they are not de-limed and adequately cleaned, they will not be able to function efficiently. Debris can clog the drain lines. Burners can buildup grease, which further compromises their efficiency. Regular preventive maintenance must be done to keep all the appliances run efficiently and clean.
- Keeps Equipment Clean: Serving delicious food is important. But ensuring the safety of food that is consumed is more essential. If commercial kitchen equipment is not maintained properly, it can become dirty and result in the growth of harmful bacteria. The exterior parts of any appliances are easy to clean, but while cleaning the interior parts, it gets difficult. A maintenance schedule must be maintained with professional technicians to assure that equipment is cleaned regularly.
Food Service Equipment: Trends
Restaurant owners are highly adopting technological additions such as online food ordering facility, free Wi-Fi, and targeted social media campaigns to attract customers. The proliferation of the Internet of Things is further triggering the demand for devices with internet connectivity. Customer-facing technology is garnering attention in the business as mobile ordering systems and apps are being developed to ease the work of customers. Advanced instruments offering features like pre-programmable features, sensors and controls, efficiency, and interactive cooking are some of the trends reshaping the market globally.
Industry/ Innovation/ Related News:
May 25, 2018 –
Marrone Custom Cooking (Italy), a leading global custom cooking equipment specialist announced the acquisition of Iglu Cold Systems, a front-of-house refrigerator specialist. The firm manufacturers custom cooking suites for the international foodservice industry, also owns Steelnovo, a fabricating and counter manufacturing company as well as the recently acquired Australia-based pizza oven manufacturer, Phoenix Ovens. The acquisition of Iglu Cold Systems using the expertise of refrigerator manufacturing is expected to expand its customer offering further.
May 25, 2018 –
Supply & Equipment Foodservice Alliance (SEFA – US), a nationwide network of leading supply and equipment dealers and manufacturers and the industry’s leading foodservice buying, marketing, and training group announced its annual awards honoring 25 foodservice equipment and supplies companies. Also, SEFA, for the first time presented its Dream Team Award, recognizing the strong relationships between dealers, suppliers, and independent manufacturers. Receiving this award were Jeff Michael of Delfield, Lizzie Kratz of EVI, and Danny Lane of Lane Mktg.
Scope of Report
The report for the global food service equipment market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
- Food service equipment manufacturers
- Food service equipment distributors and suppliers
- State and national regulatory authorities
- Raw material suppliers
- Government and industry associations
- State or government-owned corporations
- Research organizations
Global Food Service Equipment Market – Geographical Analysis
Continuing with its dominance, North America market for Food Service Equipment is expected to surge attributing to the wide adoption of technologically advanced products and the high penetration of products. Besides, the major markets of US & Canada provide impetus to the regional market growth.
Whereas the second largest market for Food Service Equipment – Asia-Pacific is expected to be the fastest growing region during the forecast period. The booming tourism industry is expected to propel the regional market growth. Improving economic conditions in some of the APAC countries like India & China, the Asia-Pacific market for Food Service Equipment is witnessing exponential growth. Increasing adoption of Food Service Equipment backed by the increasing restaurant businesses in the region is another key factor driving the regional market.
Europe is surging owing to the contributions from the countries like Germany, Italy & France. Augmented demand coupled with the growing number of restaurants and the import and export of Food Service Equipment mainly in France & Italy is expected to increase at a steady growth rate. This, in turn, will boost the regional market growth.
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