Global Food Dispensing Machine Market 2017-2021

Overview of the global food dispensing machine market

As per the Technavio’s market research report, the global food dispensing machine market is expected to grow at a steady rate and post a CAGR of more than 5% during the forecast period. The growing trend for maintaining and storing food items at safer temperatures will drive the growth prospects for the global food dispensing machine market during the predicted period. A large number of food service establishments are increasingly focusing on maintaining the food items at optimum temperatures to provide the consumers with hot and cold food servings that are safe to consume. Food dispensing machines come with a thermoelectric cooling method that is used to keep the food products at a safe serving temperature of 41°F or below as microorganisms tend to easily multiply in the HACCP danger zone that ranges between 41°F and 135°F. As a result, the demand for and the purchase of such machines to maintain the food items above or below the specified Hazard Analysis & Critical Control Point (HACCP) danger zone will significantly increase in the next few years.

The Americas was the highest revenue contributor towards the global food dispensing machine market during 2016 and the region is estimated to dominate the market during the next four years as well. The increasing usage of food dispensing machines in buffet services and table services in various hotels across the region will be the major factor augmenting the market’s growth prospects. 

Competitive landscape and key vendors

The global food dispensing machine market exhibits intense competition and the vendors are increasingly focusing on providing various solutions to end-users. The increasing number of innovative products introduced by these vendors will enhance the demand for the product in the market, which, in turn, will propel the growth potential of vendors. With the local vendors increasingly focusing on offering food dispensing machines at lower prices, the key players will witness a considerable decrease in their market shares in the next few years.

Key vendors in this market are -

• IDM
• Rosseto
• Server Products
• Zevro

Other prominent vendors in the market include BUNN, Cal-Mil, Grindmaster-Cecilware, Garibaldi, Nemco Food Equipment, Star Manufacturing International, TableCraft, and The Vollrath Company.

Segmentation by product and analysis of the food dispensing machine market

• Dry food dispensing machine
• Liquid food dispensing machine

During 2016, the dry food dispensing machine segment accounted for the major shares of the food dispensing machine market and according to this market research report, the segment will continue to dominate the market until the end of 2021. Compared to liquid food items, the recent years witnessed a high volume of consumption of dry foods such as cereals, nuts and resins, granola, snacks, coffee beans, and toppings, which will subsequently drive the growth of this market segment. Since dry food dispensing machines enable operators to preserve the quality of the food and reduce food wastage caused by unmeasured dispensing, the adoption of dry food dispensers by various foodservice establishments will continue to increase in the coming years.

Segmentation by end user and analysis of the food dispensing machine market

• Retail
• Restaurants and hotels

The retail sector dominated the market during 2016 and with the increasing dependence of a large number of retail stores in the developed countries on dispensing machines for bulk food dispensing, the segment will continue to dominate the market in the next few years as well. Additionally, the demand for new food dispensing machine units from the developing countries such as China and India due to the growth of the organized retail sector, will also propel the growth of the market in this segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global food dispensing machine market?
• What are the key market trends impacting the growth of the global food dispensing machine market?
• What are the challenges to market growth?
• Who are the key vendors in the global food dispensing machine market?
• What are the market opportunities and threats faced by the vendors in the global food dispensing machine market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global food dispensing machine market?

Technavio also offers customization on reports based on specific client requirement.