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Food Service Equipment Market Size, Trends 2025 | Industry Report

Food Service Equipment Market Analysis Report By Product, By End-user And Segment Forecasts From 2019 To 2025

Report ID: MN17619236  |  Published: August 2020  |  No of Pages: 120
Format: Electronic (PDF)  |  Industry: Consumer Electronics  |  Publisher: Grand View Research

Industry Insights

The global food service equipment market size was valued at USD 31.64 billion in 2018 and expected to grow with a CAGR of 5.0% during the forecast period, from 2019 to 2025. Rising demand for frozen products and growing import and export activities in the food & beverage industry and developing food consumption trends are positively impacting the market growth.

These food service equipment vary by range and size depends on type of hospitality services and their requirements. Rising awareness about cleanliness and hygiene requirements along with government regulations is expected to surge the demand for food service equipment. Rising awareness regarding energy consumption, the evolution of refrigerators and freezers to fulfill new energy requirements are attracting the consumers to adopt energy-efficient products.

U.S. food service equipment market

Several rules and standards by the government have made it compulsory to meet Environmental Protection Agency (EPA) standards. The digitalization and increasing adoption of technologically advanced products are influencing the consumer’s lifestyle. This factor is generating the requirements for kitchen equipment which is influencing the various manufacturers to discover new products to fulfill the customer demand. Moreover, rising demand for energy-efficient products is influencing the vendors to develop innovative products with energy star certification. Adoption of new technology by restaurant owners like online food ordering and delivering facility, free Wi-Fi, and social media campaigns have boosted the demand for restaurant and hotel services, thereby, expected to boost the sales of food services equipment.

Rising popularity of IoT technology is propelling the demand for smart devices with internet connectivity. In restaurants, customer-facing technology is gaining momentum due to the mobile ordering system and apps are enhancing the customer experience.

Advanced technology offers controls and sensors, interactive cooking, and pre-programmable features which are expected to fuel the market growth. The different kind of restaurants fine dining, specialty bars, lounges, ballrooms, food courts and conference room have boosted the hospitality industry growth.

Products Insights

Based on products, the kitchen purpose equipment category held the largest food service equipment market share of more than 39.0% of the global market, in 2018 and expected to lead the market over the forecast period. This segment is further sub-segmented into refrigeration and food & beverage preparation equipment. Rapidly changing consumer preference for modular kitchen and modern kitchen equipment is boosting the growth of this market. Smart kitchen along with several innovative changes in this industry are supporting the kitchens in restaurants and hotels become more manageable and efficient. Several restaurants are shifting towards connected kitchens and smart kitchens to reduce staff shortage and training and helps to boost quality and energy saving.

Refrigeration is projected to gain the second largest market share during the forecast period due to rising demand from industrial and commercial kitchens. International food is boosting the trading of frozen, canned, and processed food which needs appropriate refrigeration equipment in order to transport these food items. Growing environmental concern and stringent government regulations for use of refrigerants is anticipated to various growth opportunities for improvement in commercial refrigeration equipment.

End User Insights

On the basis of end user, the market is bifurcated into Quick Service Restaurant (QSR), institutional, Full-Service Restaurant (FSR), and others. FSR is projected to dominate the market throughout the forecast period. On the other hand, quick service segment is projected to grow with the highest CAGR of more than 5.5% over the forecast period. In quick service eateries, fast food is made in bulk by highly processed methods with standardized cooking techniques. This factor is projected to propel the demand for food service equipment in fast food services.

Global food service equipment market

The demand for new food service equipment is greatly influenced by restaurant operators' decisions. In a growing economy, food service providers mostly opt to purchase new products. Factors such as eco-friendly aspects, equipment age and trade-off between replacement and repair are influencing the market growth.

Regional Insights

North America has dominated the global food service equipment market due to the rising adoption of technologically advanced kitchen appliances. Increasing demand for fast food among the working population is driving the regional market growth. Additionally, the number of restaurants and hotels has increased owing to the rapidly changing lifestyle of people and their increasing demand for packaged and ready-to-eat foods.

Asia Pacific is expected to grow with the highest CAGR from 2019 to 2025. The growth is attributed to a rapidly changing standard of living resulted in a rising number of restaurants and hotel businesses in economically developing countries like China and India. In addition, the growing number of nuclear families, increasing demands for processed food is projected to gain momentum for regional growth. Growth of the food industry and the increasing number of restaurants are anticipated to drive market growth in this region.

Impact of COVID-19

The COVID-19 pandemic affected the global food industry as governments closed down restaurants to slow the spread of the coronavirus. In addition, restaurants' daily crowd dropped significantly as compared to the previous year, which is expected to reduce the demand for food service equipment to some extent. 

On the other hand, some quick-service restaurants and full service restaurant are delivering food by prioritizing safety regulations. Restaurants are providing adequate space for customers to socially distance. Therefore, this situation has enforced commercial food service provides for adopting advanced kitchen equipment to increase operational efficiency and maintain safety. In addition, to promote social distancing, these restaurants to restructure operational designs such as new walk-up windows for takeout, and limit travel time from kitchen to table. These factors are expected to drive the demand for advanced foodservice equipment during the COVID-19 outbreak.

Food Service Equipment Market Share Insights

The major players include in this market are Middleby Corporation; Dover Corporation; Ali Group; Manitowoc Company Inc.; AB Electrolux; and ITW. These players are engaged in R&D activities for product development with energy regulations mandated by the government. 

Rapid shift towards technologically advanced products over convectional products is influencing the key players to come up with attractive and innovative kitchen appliances. For instance, in 2016, AB Electrolux introduced two product ranges with names of new laundry range and the mastery range. These ranges include dryers, washing machines, and innovative kitchen appliances. In 216, Ali Group’s subsidiary Falcon Foodservice Equipment launched the F900 Series that comprises professional catering appliances. 

The companies are also focusing on acquisition and partnership to sustain in the competitive market. To restore profitability, companies are also focusing on cost reduction of small kitchen appliances.

Report Scope



Base year for estimation


Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Billion and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, and MEA

Country scope

U.S., Canada, U.K., Germany, China, India

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global food service equipment market report based on product, end user and region:

• Product Outlook (Revenue, USD Billion, 2015 - 2025)
    • Kitchen Purpose
    • Cooking Equipment
        • Food & Beverage Preparation Equipment
        • Refrigeration
    • Ware Washing
    • Food Holding & Storing
    • Others

• End User Outlook (Revenue, USD Billion, 2015 - 2025)
    • Full Service Restaurant (FSR)
    • Quick Service Restaurant (QSR)
    • Institutional
    • Others

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)
    • North America
        • U.S.
        • Canada
    • Europe
        • U.K.
        • Germany
    • Asia Pacific
        • China
        • India
    • Latin America
    • Middle East & Africa

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