Food Vending Machine Market

Food Vending Machine Market size reached USD 19.8 billion in 2021 and is estimated to reach USD 31.8 billion in 2029 and the market is estimated to grow at a CAGR of 6.1% from 2022-2029

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Key Drivers

The key factors supporting the growth of the global food vending machine market include the growth in the food retailing infrastructure, favorable trends in food consumption, modification in the vending machine payment options, and the increasing penetration of smart and intelligent vending machines. The growing demand for healthy and organic food products, coupled with the changing consumer behavior will boost the demand of the global food vending machine market. Furthermore, an inclination of consumers towards easily accessible and ready to eat products, along with the increasing working population and hectic lifestyles of consumers will further surge the demand for food vending machine.

The availability of food products and the growing demand for fast food among consumers will further enhance the growth of the global food vending machine market. Increasing disposable income, along with the growing retail sector will propel the global food vending machine market during the forecast period. However, the high installation cost, along with the high operational and maintenance cost may hamper the global food vending machine market. Problem-related to the regular maintenance and appropriate location for installing food vending machines may further hinder the market growth in upcoming years.

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Type – Segment Analysis

Based on the type, Snack Vending Machines segment is anticipated to dominate the global food vending machine market due to the increasing consumer’s preference for healthy snacks products over unhealthy snacks products which is encouraging the manufactures to introduce new healthy snacks. In addition to this, food companies are increasing their snacks product choices of cookies, nutritional bars, crackers, chips & pretzels, among others, which is further energize the segment growth.

Temperature Control – Segment Analysis

Based on the temperature control, single-temperature and variable-temperature segment is expected to grow at a higher CAGR during the forecast period. It plays an important role in restraining the growth of bacteria while eliminating the risk of food poisoning and spoilage of food. Furthermore, temperature control is essential for ensuring food safety, along with the strong demand for convenience and healthy food products, which will boost the growth of the segment.

Point of Sale – Segment Analysis

Based on the point of sale, Office/ Institutions segment is predicted to experience faster CAGR over the forecast period. This is attributed to the growing working population and the rising preference for easy accessibility & affordable options among employees and students.

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Regional – Segment Analysis

Based on the geography, North America and Europe regions are anticipated to grow at a higher CAGR in the global food vending machine owing to the changing consumer’s preference towards easily accessible and ready to eat food products. Moreover, the growing consumption of convenience food products and the adoption of smart technologies by prominent players, which will further boost the demand of the food vending machine market in this region. On the other hand, the Asia-Pacific region is anticipated to dominate the market during the forecast period due to the change in the lifestyle, along with the growing population and rise in the demand for packaged and ready to eat food among consumers in this region.

Top Market Players

Various notable players operating in the market, include U-Select-It, Inc., Evoca Group, Crane Merchandising Systems Ltd, HUMAN Healthy Vending LLC, Biocom Vending, Beta Automation, Braimex, Selecta Group B.V., Seaga Manufacturing Inc., SandenVendo GmbH, and N&W Global Vending S.p.A, among others.

Key Developments: 

• • In 2019, U-Select-It, Inc. introduced PUSH-IT to increase capacity per selection and is adaptable to a wide range of premium products including different sizes, types, weight, and form factors. PUSH-IT is a user-friendly delivery system and allows a flexible configuration.
  • In 2019, Seaga Manufacturing Inc. introduced INF4S Snack Vending Machine with innovative features and vended many different packaged foods to offer consumers variety in an optimized space.
  • In 2018, Selecta Group B.V. acquired Express Vending Group Limited to increase its offerings and provide extensive product range in the market.

The global food vending machine market has been segmented on the basis of Type, Temperature Control, Point of Sale and regions. Based on Type, the market is segmented into snack vending machines, candy vending machines, frozen food vending machines and others. Based on temperature control, the market is segmented into single-temperature and variable-temperature. Based on Point of Sale, the market is segmented into Retail Sites, offices/ institutions, Public Transport Hubs and others.

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Key questions answered in this research report:

• • At what pace is global food vending machine market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global food vending machine market?
  • Which Type generated maximum revenues in 2021 and identify the most promising Type during the forecast period?
  • What are the various Temperature Controls of global Food Vending Machine market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Food Vending Machine Market by Type

• • Snack Vending Machines
  • Candy Vending Machines
  • Frozen Food Vending Machines
  • Others

Global Food Vending Machine Market by Temperature Control

• • Single-temperature
  • Variable-temperature

Global Food Vending Machine Market by Point of Sale

• • Retail Sites
  • Offices/ Institutions
  • Public Transport Hubs
  • Others

Global Food Vending Machine Market by Region

• • North America Food Vending Machine Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Temperature Control
    • By Point of Sale
    • US Market All-Up
    • Canada Market All-Up
  • Europe Food Vending Machine Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Temperature Control
    • By Point of Sale
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Food Vending Machine Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Temperature Control
    • By Point of Sale
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Food Vending Machine Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Temperature Control
    • By Point of Sale
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating the Food Vending Machine (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • U-Select-It, Inc.
  • Evoca Group
  • Crane Merchandising Systems Ltd
  • HUMAN Healthy Vending LLC
  • Biocom Vending
  • Beta Automation
  • Braimex
  • Selecta Group B.V.
  • Seaga Manufacturing Inc.
  • SandenVendo GmbH
  • N&W Global Vending S.p.A