Food Service Equipment Market Report 2025

The food service equipment market size has grown strongly in recent years. It will grow from $38.98 billion in 2024 to $41.45 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to growth in the foodservice and hospitality industry, expansion of quick service and fast casual restaurants, increased in demand for commercial kitchen efficiency, rise in consumer preferences for dining out and takeout, focus on sustainability and energy efficiency in commercial kitchens.

The food service equipment market size is expected to see strong growth in the next few years. It will grow to $54.92 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to adoption of smart and iot-enabled kitchen appliances, customization of equipment for unique culinary concepts, integration of contactless and touchless technology in food service, demand for compact and space-saving kitchen equipment, research and development in next-generation food service equipment. Major trends in the forecast period include modular and customizable kitchen solutions, energy-efficient and eco-friendly appliances, advanced cooking techniques and sous vide equipment, high-speed cooking and oven technologies, smart kitchen management systems, augmented reality (ar) and virtual reality (vr) in culinary training.

The burgeoning online food service sector stands as a significant contributor propelling the growth of the food service equipment market. The surge in online food services, driven by factors like convenience, accessibility, expanded choices, and reasonable pricing, has notably escalated during the COVID-19 pandemic. Amidst safety guidelines and social distancing measures, customers increasingly turned to online ordering to minimize physical interactions. This upsurge in online food service necessitated a greater deployment of food service equipment to meet market demands, consequently fueling substantial growth in this sector. For instance, projections by Deloitte indicate that the European online food delivery sector is expected to witness an annual growth rate exceeding 10%, reaching approximately $25 billion by 2023, driven by enhanced convenience and rising incomes. Additionally, a report by Google and Boston Consulting Group (BCG) forecasts that the Indian online food industry is set to reach $8 billion by the conclusion of 2022, growing at a rate of 25-30%. Thus, the expanding online foodservice segment is poised to drive the robust growth of the food service equipment market.

The rising demand for plant-based proteins is anticipated to drive the growth of the food service equipment market. Plant-based proteins, derived from sources such as legumes, grains, nuts, seeds, and vegetables, offer a sustainable alternative to animal-based proteins. This increasing demand is driven by heightened consumer awareness of the health benefits associated with plant-based diets, concerns regarding environmental sustainability, ethical considerations related to animal welfare, and the growing popularity of vegan and flexitarian diets. High-quality food service equipment allows for precise temperature control, which enhances the flavor and consistency of plant-based dishes, making them more appealing to consumers. For instance, in April 2023, the Good Food Institute, a US-based non-profit organization, reported that global retail sales of plant-based meat and seafood reached $6.1 billion in 2022, reflecting an 8% increase in revenue and a 5% rise in weight. Moreover, the combined sales of plant-based milk, cheese, and yogurt totaled $21.6 billion worldwide, representing a 7% increase from the previous year. Thus, the growing demand for plant-based proteins is set to propel the growth of the food service equipment market.

Technological advancement is emerging as a significant trend in the food service equipment market. The industry is experiencing the integration of advanced technologies such as automation, virtual control systems, sensory systems, robots, fusion tech machinery, and more, which facilitate more efficient operations of food service equipment. Key players in the food service equipment market are concentrating on providing technologically advanced solutions to enhance their market presence. For instance, in August 2024, Shin Star Presents, a Bay Area startup in the US focused on innovative food technology, introduced the first unmanned robotic mobile kitchen capable of cooking a full meal while on the way to delivery. This robotic mobile kitchen autonomously prepares and cooks meals during transit, operating like a factory machine. It utilizes a network of robotic cooking components known as "auto-woks" to stir-fry fresh ingredients that are prepared daily at an off-site facility. Furthermore, it connects with an app called Ohlso, allowing users to initiate cooking and monitor the preparation process remotely.

Leading firms within the food service equipment market are prioritizing strategic acquisitions as a means to expand their operations. An acquisition involves one company buying the majority or entirety of another company's shares to gain control over it. For example, in October 2023, Sysco Corporation, a prominent U.S.-based multinational food distributing corporation, executed the acquisition of Edward Don & Company (DON) for an undisclosed sum. This strategic acquisition serves as a means for Sysco to integrate innovative capabilities and diversified offerings into its existing portfolio. Additionally, it facilitates the establishment of a specialized Equipment and Supplies platform, enhancing client offerings and service standards. Edward Don & Company (DON), the acquired entity, operates as a U.S.-based distributor specializing in foodservice equipment.

In February 2023, Marco Beverage Systems, an Ireland-based manufacturing company, acquired Middleby Corporation for an undisclosed sum. The purpose of the acquisition is to enhance Marco Beverage Systems' beverage offerings by integrating innovative and energy-efficient beverage dispensing solutions that align with the emerging trends in the food service industry. Middleby Corporation is a US-based manufacturing firm operating within the food service equipment sector. It designs and produces a diverse range of commercial kitchen equipment, including solutions for cooking, food processing, and beverage dispensing, catering to restaurants, hotels, and other food service establishments. The company is recognized for its emphasis on innovation and efficiency in its product lineup.

Major companies operating in the food service equipment market include AB Electrolux, Ali Group Srl a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group Corporation, Smeg S.p.A., The Middleby Corporation, Meiko Maschinenbau GmbH & Co. KG, Hoshizaki Electric Co. Ltd., Fujimak Corporation, Tupperware Brands Corporation, Hobart Corporation, Manitowoc Company Inc., Alto-Shaam Inc., Cambro Manufacturing Co. Inc., Comstock-Castle Stove Co. Inc., Welbilt Inc., ITW Food Equipment Group, Standex International Corporation, The Vollrath Company LLC, The Vollrath Company, Rational AG, Hatco Corporation, Ice-O-Matic, Bunn-O-Matic Corporation, Grindmaster-Cecilware, Waring Commercial Inc., Robot Coupe USA Inc.

Food service equipment encompasses all tools and apparatus, including utensils, crockery, and cutlery, utilized in the preparation, cooking, storage, serving, and washing of food and beverage products. These tools are available in various modes, ranging from hand-operated to semi-automatic and fully automatic, aiming to ensure precise food quantities served at optimal temperatures, thereby enhancing end-user productivity.

The primary types of equipment within the food service equipment market include food preparation equipment, drink preparation equipment, heating & holding equipment, cooking equipment, refrigerators & chillers, baking equipment, merchandisers, ware washing equipment, and other F&B service equipment. Food preparation equipment is specifically designed to process various foods efficiently and includes items such as cooking utensils, food blenders, processors, slicers & peelers, mixers & grinders, among others. Distribution channels for food service equipment include both online and offline platforms. This equipment finds application across diverse sectors, including full-service restaurants, quick-service restaurants, institutions, and other food and beverage service establishments.

The food service equipment market research report is one of a series of new reports that provides food service equipment market statistics, including food service equipment industry global market size, regional shares, competitors with a food service equipment market share, detailed food service equipment market segments, market trends and opportunities, and any further data you may need to thrive in the food service equipment industry. This food service equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Asia-Pacific was the largest region in the food service equipment market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the food service equipment market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the food service equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The food service equipment market consists of sales of utensils, pots, pans, bowls, and spoons, large equipment such as range, steamers, boiling pans, and refrigerators, mechanical equipment such as peelers, pin-cers, mixers, refrigerators. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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