Vending Machine Food and Beverages Market by Application and Geography - Forecast and Analysis 2022-2026

The vending machine food and beverages market share is expected to increase to USD 1.84 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.26%.

This vending machine food and beverages market research report provide valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The vending machine food and beverages market report also offers information on several market vendors, including American Food and Vending, Aramark, Automated Merchandising Systems Inc., Azkoyen SA, Bianchi Industry SpA, BULK VENDING SYSTEMS Ltd., Compass Group Plc, Crane Co., FAS International Srl, Fuji Electric Co. Ltd., Honeywell International Inc., Kellogg Co., Mondelez International Inc., Nestle SA, PepsiCo Inc., Royal Vendors Inc., Seaga Manufacturing Inc., Selecta Group BV, The coca cola co., and Westomatic Vending Services Ltd. among others. Furthermore, this report extensively covers vending machine food and beverages market segmentation by application (vending machine beverage and vending machine food) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

What will the Vending Machine Food and Beverages Market Size be During the Forecast Period?

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"The convenience offered by vending machines is a major factor that will drive the growth of the vending machine food and beverages market in North America during the forecast period."

Parent Market Analysis

Technavio categorizes the global vending machine for food and beverages market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the vending machine food and beverages market during the forecast period.

Who are the Major Vending Machine Food and Beverages Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• American Food and Vending
• Aramark
• Automated Merchandising Systems Inc.
• Azkoyen SA
• Bianchi Industry SpA
• BULK VENDING SYSTEMS Ltd.
• Compass Group Plc
• Crane Co.
• FAS International Srl
• Fuji Electric Co. Ltd.
• Honeywell International Inc.
• Kellogg Co.
• Mondelez International Inc.
• Nestle SA
• PepsiCo Inc.
• Royal Vendors Inc.
• Seaga Manufacturing Inc.
• Selecta Group BV
• The coca cola co.
• Westomatic Vending Services Ltd.

This statistical study of the vending machine food and beverages market encompasses successful business strategies deployed by the key vendors. The vending machine food and beverages market is fragmented and the vendors are deploying growth strategies such as geographic expansions to compete in the market.

Product Insights and News

• American Food and Vending - The company offers vending machines such as snack machines, vending machines for food and hot and cold beverages, fresh and frozen food vending machines, and coffee machines. 
• American Food and Vending - Through the unified segment, the company offers a vending machine for food and hot and cold beverages, and office coffee solutions. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vending machine food and beverages market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Vending Machine Food and Beverages Market: Key Drivers, Trends, and Challenges

The increasing popularity of vending machines is notably driving the vending machine food and beverages market growth, although factors such as bans and restrictions on installation of vending machines may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vending machine food and beverages industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vending Machine Food and Beverages Market Driver

One of the key factors driving the global vending machine food and beverages industry growth is the increasing popularity of vending machines. The number of vending machines in schools and offices is increasing, and new vending machines are being installed due to the increasing popularity of vending machines. Japan has the highest number of vending machines per capita in the world, and the count is expected to increase in the future. The number of vending machines in the US is also increasing, and the sales of colas and cold drinks constitute approximately 40%- 50% of the total sales of merchandise through vending machines. Consumer demand for salty and sugary fast food has likely led to junk food dominating American vending machines. The rapidly changing lifestyles of the consumers often leave them hard-pressed for time to cook at home, which makes vending machines that dispense healthy foods a popular option among them. Such factors will drive the market growth during the forecast period.

Key Vending Machine Food and Beverages Market Trend

Innovations in vending machines is one of the key vending machine food and beverages market trends that is expected to impact the industry positively in the forecast period. Players in the market are introducing innovative vending machine technology that enables cashless vending machines to accept payments that are made through credit cards, debit cards, and mobile payments. In addition, the significant growth in near field technology (NFT) is also responsible for the increasing popularity of cashless transactions through vending machines. For instance, Coca-Cola has designed an artificial intelligence (AI)-powered smart digital vending machine that will offer a better shopping experience to consumers. The innovations in vending machines will further support the market growth in the forecast years.

Key Vending Machine Food and Beverages Market Challenge

One of the key challenges to the global vending machine food and beverages industry growth is the bans and restrictions on the installation of vending machines in countries, such as France, Hong Kong, and others. For instance, in 2004, France banned the installation of vending machines in schools with an aim to cut down the intake of junk food and beverages among children. In January 2017, France banned refills of sodas and other sugary drinks by restaurants to reduce the obesity rate among consumers. In November 2017, Hong Kong banned the sale of bottled water from all newly installed vending machines placed on government premises. These government premises include country parks, public parks managed by the Leisure and Cultural Services Department (LCSD), government car parks, government offices, public transport interchanges, and ferry piers. Such factors will limit the market during the forecast period.

This vending machine food and beverages market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Market Overview

The parent global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, and industrial electronics products, as well as electronic manufacturing services. The global electronic equipment and instruments market is expected to grow at a moderate pace. 

Which are the Key Regions for Vending Machine Food and Beverages Market?

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37% of the market's growth will originate from North America during the forecast period. The US is the key market for vending machine food and beverages in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The convenience offered by vending machines and the growing popularity of vending machines among millennials will facilitate the vending machine food and beverages market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 severely impacted the economy of North America. The impact of the pandemic in the region has been largely disruptive and has adversely affected travel, financial markets, employment, and most major industries. However, the availability of COVID-19 vaccines across the region from Q4 2020 and the easing of lockdown norms are expected to spur the demand for vending machines for food and beverages. Furthermore, the rising demand for automated refreshment stations will further help to drive the growth of the vending machine in the food and beverages market during the forecast period.

What are the Revenue-generating Application Segments in the Vending Machine Food and Beverages Market?

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The vending machine food and beverages market share growth by the vending machine beverages segment will be significant during the forecast period. The players in the market are coming up with new product innovations to garner the attention of consumers. The players are launching products with low sugar content, such as Diet Coke, Diet Pepsi, and others, to counter the growing prevalence of obesity among consumers. Such factors will support the segment growth in the coming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vending machine food and beverages market size and actionable market insights on post COVID-19 impact on each segment.

Vending Machine Food and Beverages Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the vending machine food and beverages market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

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What are the Key Data Covered in this Vending Machine Food and Beverages Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive vending machine food and beverages market growth during the next five years
• Precise estimation of the vending machine food and beverages market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the vending machine food and beverages industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of vending machine food and beverages market vendors

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