Frozen Beverage Dispenser Market Report 2024

This Frozen Beverage Dispenser market report covers industry characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The frozen beverage dispenser market size has grown strongly in recent years. It will grow from $1.64 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth during the historic period can be attributed to the rising demand for convenience foods, increasing disposable income, urbanization, growing popularity of frozen beverages, and expansion in tourism and travel industries.

The frozen beverage dispenser market size is expected to see strong growth in the next few years. It will grow to $2.22 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The anticipated growth during the forecast period can be attributed to innovations in flavor offerings, demand for energy-efficient dispensers, health-conscious consumer trends, a rise in franchise outlets, and sustainability initiatives by manufacturers. Key trends expected include the integration of smart technology, a focus on organic and natural flavors, enhanced hygiene and safety features, an increase in ready-to-drink beverages, and the development of energy-saving technologies.

The expanding food service industry is anticipated to drive the growth of the frozen beverage dispenser market. This industry includes businesses that prepare, serve, and sell food and beverages, such as restaurants, cafes, catering services, and institutional food providers. Several factors contribute to the growth of the food service industry, including increasing consumer demand for convenience, evolving dining preferences, technological advancements, and a rise in dining out and food delivery services. Frozen beverage dispensers play a key role by efficiently producing and serving chilled, slushy drinks, which enhances customer satisfaction and boosts sales. For example, in March 2023, the Office for National Statistics, a UK-based statistics authority, reported an increase in the number of licensed restaurants in the UK from 29,680 in 2021 to 31,420 in 2022. Consequently, the growth of the food service industry is fueling the expansion of the frozen beverage dispenser market.

Companies in the frozen beverage dispenser market are focusing on developing cutting-edge products, such as frozen vending machines, to keep pace with the demands of a rapidly changing world. Frozen vending machines are automated devices that dispense frozen items like ice cream, frozen meals, or cold beverages. They are commonly found in locations such as airports, office buildings, and schools, offering convenient access to frozen treats and meals. For instance, in December 2023, SandenVendo GmbH, a Germany-based company specializing in heating and cooling technology, introduced the G-Frozen vending machine, capable of operating at temperatures as low as -25 °C. This machine is designed to store and dispense a range of ready-to-eat meals, including vegan, gluten-free, and gourmet options, as well as beverages. It addresses modern consumer needs by providing convenient and healthy meal choices, aligning with the trend of 24/7 mini-markets and automated cafeterias.

In January 2023, CELLI S.p.A., an Italy-based beverage equipment company, acquired CAB Spa for an undisclosed amount. This acquisition allows Celli to expand its product range into the frozen drinks sector and enhance its global sales and support capabilities by integrating CAB Spa's expertise and market presence. CAB Spa, also based in Italy, specializes in industrial manufacturing of cold and hot drink dispensers, as well as frozen drink machines.

Major companies operating in the frozen beverage dispenser market are Electrolux Group, Vollrath Company LLC, Taylor Freezer Corporation, BUNN, Grindmaster Corp, FBD Partnership LP, ELECTRO FREEZE (FR) LTD., Stoelting Foodservice Equipment, Food Equipment Technologies Co (FETCO), Admiral Craft Equipment Corp, SPM Drink Systems Spa, Donper USA, Ugolini Spa, SENCOTEL S.L., Elmeco Srl, AMPTO, Cofrimell di Zicarelli Srl., IMI Cornelius Inc., Mittal International, Spaceman USA.

North America was the largest region in the frozen beverage dispenser market in 2023. The regions covered in the frozen beverage dispenser market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the frozen beverage dispenser market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A frozen beverage dispenser is a machine designed to freeze and dispense beverages like slushies, frozen cocktails, or smoothies. It uses a cooling system to maintain liquids at a chilled temperature until they are dispensed, providing a refreshing drink experience. These dispensers are commonly found in restaurants, convenience stores, and event venues, offering a variety of frozen drinks to customers.

The main types of frozen beverage dispensers include single-serve and multi-serve dispensers. Single-serve dispensers are designed to dispense one portion of a frozen beverage at a time and are often used in convenience stores, cafes, and other settings where individual servings are needed. Frozen beverage dispensers can operate electrically or non-electrically and come in capacities ranging from below 10 liters, 10-25 liters, 25-40 liters, to above 40 liters. They can be installed as freestanding, countertop, under-counter, or portable units, and have a wide range of applications in restaurants, beverage stores, and other establishments.

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

The frozen beverage dispenser market consists of sales of single bowl dispensers, double bowl dispensers, triple bowl dispensers, granita machines, slush machines, frozen cocktail machines, soft serve ice cream dispensers, commercial frozen beverage machines, and countertop frozen beverage dispensers. 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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