Global Food Dispensing Machine Market 2017-2021
About Food Dispensing Machine
The increasing awareness of the importance of storing food items under hygienic conditions and keeping them fresh are major factors that drive this market. Foodservice establishments prefer using food dispensing machines to minimize cross-contamination of food through hand and air, which also increases the shelf life of the products. The increase in the number of foodservice establishments using food dispensing machines is expected to drive the market during the forecast period. For instance, in 2016, Starbucks announced its plan to open around 5,000 new outlets in China by the end of 2021. Such cafés use food dispensing machines to store coffee beans, tea leaves, and toppings. Vendors of food dispensing machines are focusing on developing equipment that can keep food items at safe temperatures.
Technavio’s analysts forecast the global food dispensing machine market to grow at a CAGR of 5.37% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global food dispensing machine market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Food Dispensing Machine Market 2017-2021
Technavio recognizes the following companies as the key players in the global food dispensing machine market: IDM, Rosseto, Server Products, and Zevro.
Other Prominent Vendors in the market are: BUNN, Cal-Mil, Grindmaster-Cecilware, Garibaldi, Nemco Food Equipment, Star Manufacturing International, TableCraft, and The Vollrath Company.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is focus on better equipment material. Vendors of food dispensing machines focus on developing durable apparatus that can withstand continuous usage. As such, vendors use strong raw materials, such as stainless steel, to develop the nozzles and lids of the dispensing machines. These enhance the look of these machines and make the machines durable.”
According to the report, one driver in market is increase in number of foodservice establishments using food dispensing machine. The increase in the number of foodservice establishments that use food dispensing machines is expected to influence the sales of these appliances directly. For instance, the number of retail formats, such as supermarket and supercenters, is expanding in various countries. In 2016, ALDI, one of the leading supermarket brands in Australia, planned to add more than 50 new stores in South Australia during the forecast period. Such retail stores make significant use of food dispensing machines to store products such as condiments, nuts and resins, and candies.
Further, the report states that one challenges in market is increasing popularity of substitute products. Countertop food bins are the direct substitutes of food dispensing machines. These food bins allow operators to use scoops to serve dry food to consumers manually. Some of the retail chains and ice cream shops use these food dispensing machines. These scoop food bins are also priced comparatively lower (can be priced as low as $20) than food dispensing machine. The use of the scoop helps operators to serve nuts and resins, cereals, and other toppings as per their requirement. Choice Foodservice Equipment provides these scoop food bins used for serving various dry food items.
IDM, Rosseto, Server Products, Zevro, BUNN, Cal-Mil, Grindmaster-Cecilware, Garibaldi, Nemco Food Equipment, Star Manufacturing International, TableCraft, and The Vollrath Company.
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