Global Food Vending Services Market: Overview
A coin-operated machine for selling goods is a vending machine that sells food and drinks. It is an electronic machine that, after receiving a particular amount of money, dispenses goods like snacks, drinks, alcohol, cigarettes, and other things. The retail industry, fast service restaurants, hotels, and other places use it primarily. Global demand for food and beverage vending machines is being driven by a growing retail industry and a growing desire to increase the amount of virtual space in retail outlets. However, the high initial cost of installing a vending machine may limit the market’s potential growth in the near future.
On the basis of product type, the food vending machine market is divided into segments that comprise beverage vending machines and food vending machines. The food vending machine market is anticipated to increase steadily during the projected period among both of these segments. Cold beverage vending machines, hot beverage vending machines, and soda/beer/alcohol/wine vending machines are the other sub categories of beverage vending machines.
Cold beverage vending machines are predicted to make the biggest revenue contributions of any of these sub segments. However, it is anticipated that the market for soda, beer, liquor, and wine vending machines would expand significantly over the projection period. Additionally, there are other subcategories of food vending machines, including candy vending machines, snack vending machines, fresh food vending machines, and frozen food vending machines.
On the basis of end use, food and beverage vending machines are further divided into airport, corporate offices, schools and colleges, hotels, quick serving restaurants (QSR), and other locations. Quick-service restaurants are anticipated to provide the most in terms of revenue among all of these segments, followed by airport. Convenience provided by credit card acceptance as well as healthier eating options are responsible for this development. Additionally, it is anticipated that airport income would have a significant impact on the market for food and beverage vending machines.
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Global Food Vending Services Market: Major Players
Five Star Food Service
Foley FoodService
Taher Incorporated
Cromer Food Services, Inc.
S&M Food Services
Sodexo
American Food and Vending
AVI Foodsystems, Inc.
Sirness Vending
Aramark Corporation
Global Food Vending Services Market: Types
Snacks
Beverage (Coffee, Tea, etc.)
Fresh Meal (Salad, Sandwich, etc.)
Global Food Vending Services Market: Applications
Office
Apartment Communities
Hotels
Retail Stores
Other Places
Geographically speaking, North America is anticipated to have the largest market share contribution to the market for food and beverage vending machines, followed by Europe. Governments have made it mandatory for items to label their nutritional information. It is anticipated that the ability of vending machines to show such content clearly will propel the expansion of the food and beverage vending machine market across North America. In contrast, the Asia Pacific region is anticipated to develop at a strong double digit rate by 2020. China is anticipated to be the most important market for food and beverage vending machines in the Asia-Pacific region, followed by India. The rise of food and beverage vending machines is being fueled by the increased introduction of new hot beverages that are ideal for vending machines.
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Key Points:
Define, describe and forecast Food Vending Services product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
