According to the latest report by IMARC Group, titled “ Food Service Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, The global food service equipment market size reached US$36.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$49.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2023-2028.

Food service equipment includes the tools, utensils, crockery, and cutlery that help in preparing, storing, and serving food. It is usually available in numerous types according to food service areas. For instance, storage racks, trolleys, measuring cups, etc., are used for food storage. Food service equipment also includes modular gas, fryers, wet grinders, molding machines, etc., which are utilized to prepare and cook food items. Currently, automated multi-use equipment finds extensive applications for making food at home or restaurants while reducing human efforts and time.

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Food Service Equipment Market Trends:

The increasing consumption of fast food, the elevating levels of urbanization, and the inflating disposable income levels of consumers are preeminent driving the food service equipment market. safety among the rising health-conscious consumers, in addition to the growing focus on enhancing food by cafes and restaurants, is propelling the product demand. Apart from this, various government bodies of several countries are implementing stringent food control standards to ensure and safeguard public health and hygiene, which is further catalyzing the market growth. Moreover, the hotels hastened popularity of food tourism and luxury is also augmenting the global market. In the coming years, the adjudication of smart equipment that aids in reducing down wastage, improving traceability, costs, etc.,

Global Food Service Equipment Market 2023-2028 Analysis and Segmentation:

Competitive Landscape Key Player:

• AB Electrolux
• Ali group s.r.l. a socio unico
• Alto-Shaam Inc.
• Cambro Manufacturing
• Comstock-Castle Stove Co. Inc
• Dover Corporation
• Duke Manufacturing
• Illinois Tool Works Inc.
• The Middleby Corporation and Welbilt.

The report has segmented the market on the basis on type, distribution channel and end use.

Breakup by Product Type

• Cooking Equipment
• Storage and Handling Equipment
• Warewashing Equipment
• Food and Beverage Preparation Equipment
• Serving Equipment

Breakup by Distribution Channel:

• Online
• Offline

Breakup by End Use:

• Full-service Restaurants and Hotels
• Quick-service Restaurants and Pubs
• Catering

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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