Global Food Vending Machine Market
The GMI Research forecasts that the Food Vending Machine Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the increase in consumption of ready-to-eat food products and smart technologies for serving consumers in several food categories.
Introduction of the Food Vending Machine Market:
A food vending machine refers to an electronic device that offers various items which include snacks, candy, beverages, and other ready-to-eat products. They are mostly utilized in retail sites, public transport hubs, airports, and other public place that provide fast foods and offer different types of food products. These machines are an easy, convenient, affordable option and help to raise productivity at workplaces.
Key Players of the Global Food Vending Machine Market:
- N&W Global Vending S.p.A
- Seaga Manufacturing Inc.
- Braimex
- Biocom Vending
- Crane Merchandising Systems Ltd
- U-Select-It, Inc.
- Evoca Group
- HUMAN Healthy Vending LLC
- Beta Automation
- Selecta Group B.V.
- SandenVendo GmbH
Food Vending Machine Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The growth of the global food vending machine market is primarily driven by the transformation in payment techniques and the accelerating penetration of smart and intelligent vending machines. In addition, the accessibility of food items along with the rising demand for fast food among consumers will further strengthen the market size. Mounting disposable income, expansion in the retail sector, and the escalation in the food retailing infrastructure have paved the way for market growth. Furthermore, the increasing preference for readily available and convenient food items led by the busy lifestyle of individuals and the increasing working population adds to the industry growth. Moreover, the favorable drift in the food consumption patterns leading to the surging demand for healthy, nutritious, and natural food items coupled with the altering consumer behavior will further enhance the food vending machine market share. However, the inflated installation, operational, and maintenance costs will hinder the market growth. Other issues such as regular maintenance and appropriate location for installing food vending machines are projected to hamper the market growth.
Food Vending Machine Market Segmentation:
Segmentation by Type
- Snack Vending Machines
- Candy Vending Machines
- Frozen Food Vending Machines
- Others
Segmentation by Temperature Control
- Single-temperature
- Variable-temperature
Segmentation by Point of Sale
- Retail Sites
- Offices/ Institutions
- Public Transport Hubs
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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