Global Food Service Equipment Market Overview

Food service equipment refers to a diverse range of appliances, machinery, and tools used in commercial food establishments to prepare, cook, serve, and store food. These equipment are essential for ensuring the smooth operation and efficiency of restaurants, hotels, cafeterias, catering businesses, and other foodservice establishments.

Moreover, increasing application areas of foodservice equipment across the food & beverage industry escalate the market growth to furthered height. In its foodservice equipment report, Market Research Future (MRFR) asserts that the market is expected to reach 32,014.0 million in 2022 to USD 45,046.9 million by 2030. MRFR, in its recent COVID 19 analysis on the global food service equipment market, also states that the market would register approximately 5.0% CAGR during the period (2022 -2030).

Besides, the rapidly growing food industry, including bakery & confectionaries, fosters the growth of the market. Increasing demand for energy-efficient products from quick-service restaurants and the quadrupling chain restaurants provide impetus to the market growth. Augmented uptake and demand for foodservice equipments worldwide encourage food service equipment manufacturers to bring more novelty in quality products.

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Major Players:

Players leading the food service equipment market include

  • Duke Manufacturing Co. Inc. (US)
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  • Meiko (Germany)
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  • Tupperware Hobart Corporation (US)
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  • Manitowoc Company Inc. (US)
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  • Ali Group SpA (Italy)
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  • Hoshizaki Electric Co., Ltd (Japan)
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  • Dover Corporation (US)
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  • Fujimak Corporation (Japan)
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  • Electrolux AB (Sweden)
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  • Brands Corporation (US)

Global Food Service Equipment Market   - Segments

The report is segmented into three dynamics;

  • By Product: Cooking Equipment, Storage & Handling Equipment, and others.
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  • By Application: Full-Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs, and others.
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  • By Regions:  Europe, North America, APAC, and Rest-of-the-World.

Industry/ Innovation/ Related News:

August 19, 2020 ---- Ynot Italian, a leading provider of foodservice equipment & supplies, announced that it had been named the winner of the FE&S 2020 Kitchen Storage Makeover Contest. As the winner of the FE&S contest, the kitchen storage areas at one Ynot Italian location would receive a makeover that FE&S would profile in an upcoming issue.

April 16, 2020 ---- Standex International Corporation (the US), a leading global manufacturer in five broad business segments, including food service equipment, announced the completion of the sale of Refrigerated Solutions Group to Ten Oaks Group (the US), a small consortium of private equity investors.

The completion is an essential step toward further simplifying the portfolio in line with the company’s long-term strategy of focusing on other businesses with attractive growth and strong end market and customer value propositions.

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