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The commercial beverage dispensers market size is estimated to grow at a CAGR of 5.01% between 2022 and 2027. The market size is forecast to increase by USD 219.73 million. The growth of the market depends on several factors such as the focus on keeping beverages at safe serving temperatures, the growing online presence of vendors that offer commercial beverage dispensers and the increase in the number of food service establishments
This report extensively covers market segmentation by product (refrigerated, uninsulated, and insulated), Material (stainless steel, glass and acrylic, plastic, and others), and geography (Europe, APAC, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges.
Commercial Beverage Dispensers Market Forecast 2023-2027
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Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.
Globally, different kinds of beverages are included in the menus of food service establishments, mainly while delivering buffet and catering services. Commercial beverage dispensers are the primary means of serving beverages and allow storage of beverages, which need to be supplied, at the optimum temperature level.
However, catering companies or food service establishments require these dispensers to detour the ongoing preparation of beverages. Also, the use of such dispensers allows them to prepare hot and cold beverages just before peak serving time and store them in dispensers. In addition, during buffet and catering occasions, food retailers deliver beverages like juices, lemonades, slushies, soda drinks, tea, coffee, and other frozen drinks. The continuous preparation of these beverages expands their operating and labour costs for them and the portability of commercial beverage dispensers allows end-users, such as catering services, to deliver easy access to the beverages that the customers want. Such factors will accelerate the growth momentum of the global commercial beverage dispenser market during the forecast period.
The end-users, such as food service establishments, theatres, amusement parks, and others, are emphasising investing in equipment that improves the overall experience of the customers. Consequently, some of the vendors also focusing on developing new models of commercial beverage dispensers. For instance, THE COCA-COLA COMPANY launched a new commercial beverage dispenser model, Freestyle 9100. The new equipment features an innovative touchscreen and Bluetooth connectivity which allows the consumers to connect to the Freestyle mobile application while entering the outlet.
However, such factors help consumers in choosing their soft drinks without the need for any time constraints. Therefore, a growing number of companies will primarily focus on developing soft drink dispensers with advanced connectivity options would accelerate the growth momentum of the commercial beverage dispenser market during the forecast period.
Ranging from 10 years to 30 years, the lifecycle of most hot and cold water dispensers is high. Consequently, they are replaced after long periods and the replacement cycle of such products is low as they are good quality products and can endure prolonged use with minimum but regular maintenance.
However, some hot and cold water dispensers are costly and are considered one-time expenditures, while most branded products are durable and are of a superior build. Thus, consumers have had to spend only a minimal amount on maintenance and cleaning of the device over the years. In addition, they do not need to replace the product entirely on a frequent basis. Thus, the rare need for purchasing and replacing commercial beverage dispensers may hamper the growth of the global market in focus during the forecast period.
The refrigerated segment will account for a major share of the market's growth during the forecast period. Commercial refrigerated beverage dispensers are used to keep pre-made beverages cool for a required time.
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The refrigerated segment was valued at USD 688.82 million in 2017 and continued to grow until 2021. The increasing preference for chilled beverages and the need to preserve them at an optimum temperature are factors that drive the commercial refrigerated beverage dispensers market. The food service industry, including restaurants, cafes, bars, and hotels, has been experiencing growth. The demand for refrigerated beverage dispensers rises as these establishments develop their beverage offerings and focus on convenience for customers.
Also, refrigerated beverage dispensers are in demand for social events, parties, and gatherings. Regarding the usage of refrigerants, environmental regulations have prompted many foodservice operators to invest in better-quality commercial refrigerated beverage dispensers. In addition, new technological advancements have led to more energy-efficient and user-friendly beverage dispensers, boosting businesses to upgrade their equipment, which is expected to surge the demand for refrigerated beverage dispensers, which, in turn, will drive the market growth during the forecast period.
Based on material, the market has been segmented into stainless steel, glass and acrylic, plastic, and others. Stainless steel is known for its durability and resistance to corrosion, making it appropriate for heavy-duty use in commercial settings. Also, Stainless steel beverage dispensers are suitable for serving a broad range of beverages, including hot coffee, iced tea, and fruit-infused water. Such different applications appeal to businesses that deliver diverse drink options. Stainless steel beverage dispensers often have a sleek and modern appearance, which can improve the overall presentation and ambience of the food service establishment. Companies of commercial beverage dispensers desire stainless steel owing to its high durability and corrosion resistance. Stainless steel is a recyclable material, aligning with the rising emphasis on environmental and sustainability consciousness in the food service industry. Therefore the increasing demand for stainless steel beverage dispensers will drive the growth of the market focus during the forecast period.
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APAC is estimated to contribute 34% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period. Europe is another region offering significant growth opportunities to companies. Numerous beverage options are available in a vast variety of flavours and structures that are appropriate for different occurrences in Europe. For instance, low-calorie soft drinks are gaining popularity in the European market as it is part of a calorie-controlled diet. One of the conventional and mature beer markets in this region is Germany. German beer drinkers are becoming more open to craft beers such as Indian Pale Ales or other pale ales with the changing preferences.
In addition, craft beers are emerging as premium offerings, and Europeans are willing to spend more on these beers than on packaged beers. Europe is increasingly launching new craft beers globally. Craft beers are poured through commercial beverage dispensers. The rising consumer preference for such types of beverages will drive commercial beverage dispenser demands from establishments during the forecast period.
The COVID-19 pandemic in 2020 had a significant impact on Europe. In 2020, the economies of several countries, such as the UK, Italy, France, Germany, and Spain, were adversely impacted due to the imposition of lockdowns in 2020. As vaccination rates increased and restrictions were lifted, events, parties, weddings, and other gatherings might resume, leading to a more increased demand for commercial beverage dispensers to serve drinks efficiently. Furthermore, the increasing trend of offering a wide range of beverages, including craft cocktails, speciality coffees, and non-alcoholic options, required versatile beverage dispensers that could accommodate various drink types. Therefore, the market in Europe is anticipated to experience high growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Ali Group S.r.l. a Socio Unico - The company offers commercial beverage dispensers under the brand Welbilt Inc.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Ali Group S.r.l. a Socio Unico, Berkshire Hathaway Inc., Bunn O Matic Corp., Cal Mil Plastic Products Inc., Cambro Manufacturing Co., Changzhou Pilot Electronic Co. Ltd., Electrolux Professional AB, FBD Partnership LP, FRANKE Holding AG, Godrej and Boyce Manufacturing Co. Ltd., HOSHIZAKI Corp., LUIGI LAVAZZA S.p.A., Manitowoc Ice, Nestle SA, Newco Coffee, Omega Juicers, PepsiCo Inc., Rosseto Serving Solutions, The Coca Cola Co., and The Middleby Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The commercial beverage dispensers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Commercial Beverage Dispensers Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.01% |
Market growth 2023-2027 |
USD 219.73 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.27 |
Regional analysis |
Europe, APAC, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 34% |
Key countries |
US, China, Australia, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ali Group S.r.l. a Socio Unico, Berkshire Hathaway Inc., Bunn O Matic Corp., Cal Mil Plastic Products Inc., Cambro Manufacturing Co., Changzhou Pilot Electronic Co. Ltd., Electrolux Professional AB, FBD Partnership LP, FRANKE Holding AG, Godrej and Boyce Manufacturing Co. Ltd., HOSHIZAKI Corp., LUIGI LAVAZZA S.p.A., Manitowoc Ice, Nestle SA, Newco Coffee, Omega Juicers, PepsiCo Inc., Rosseto Serving Solutions, The Coca Cola Co., and The Middleby Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Material
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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