During the projected period (2023 to 2033), the global food-serving equipment market is expected to grow at a CAGR of 6.2%. The food serving equipment market size is projected to reach a valuation of USD 3,800 million in 2023 and USD 6,934.7 million by the end of 2033.
The rapidly expanding hotel sector throughout the world is fueling the food-serving equipment market. The exponentially increasing number of food service enterprises, especially in European and Asian nations, can also be attributed to the rising need for this type of equipment.
Modern, energy-efficient service equipment is necessary for restaurants, hotels, and catering businesses to maintain continuous operations in the kitchen. Additionally, the increased standard of living brought on by growing consumer disposable income is fueling the food serving equipment market expansion.
Over the past two decades, the restaurant industry has continually grown, thereby creating new opportunities for key players in the commercial food warming & serving equipment market. The presence of a large number of fast-food restaurants in both developed and developing countries is another crucial factor that is projected to boost the global food-serving equipment market in the next ten years.
Moreover, the rapid expansion of the hospitality sector, rising demand for takeaways, and changing food consumption patterns are expected to augur well for the global market. Stringent consumer safety norms, the urgent need for eco-friendly & sustainable equipment, and ongoing digitization are some of the other key factors pushing the global food serving equipment market.
In August 2022, for instance, Hamilton Beach, a leading kitchen appliance brand based in the US, announced its plans to introduce its premium range of panini makers and air fryers in India after the launch of its professional juicer mixer grinder. The company values the Indian market and is looking forward to solving complex kitchen challenges. It wants its products to be embraced by both home chefs and professionals. Thus, the launch of similar food serving equipment is projected to drive the global market in the evaluation period.
The market is likely to evolve at a rapid pace with changing needs of customers for outfitting their kitchen spaces. Ongoing technological progressions and changing social customs are anticipated to create a dynamic marketplace for the equipment and tools utilized in the end-use industry.
Attribute | Key Insights |
---|---|
Global Food Serving Equipment Market Estimated Size (2023E) | USD 3,800 Million |
Projected Market Valuation (2033F) | USD 6,934.7 Million |
Value-based CAGR (2023 to 2033) | 6.2% |
During the historical period from 2018 to 2022, the global food-serving equipment market exhibited steady growth at a CAGR of 4.6%. This growth is attributed to the emergence of custom food service appliances to cook a wide range of cuisines. Besides, the invention of advanced equipment and machinery for storing and preparing food such as electric refrigerators, ranges, and cooking stoves is another vital factor that pushed growth in the global food serving equipment market during the historical period.
Ongoing technological advancements with the help of continuous research and development (R&D) activities are likely to help appliance companies to deliver highly efficient products to their clients. Demand for unique food serving equipment is also expected to surge in the evaluation period with the emergence of multiple casual restaurant chains across Europe, Asia Pacific, North America, and Latin America.
Companies in these regions are nowadays mandated to sell tested and certified commercial kitchen appliances as per the safety rules implemented by government bodies across the globe. For instance, the National Sanitation Foundation (NSF), which is an American product certification, inspection, and testing non-profit organization, announced the development of new equipment safety standards to ensure food sanitation protocols and safety requirements are maintained by end-use industries. Owing to the aforementioned factors, the global food serving equipment market is estimated to showcase a CAGR of 6.2% in the forecast period (2023 to 2033).
Rising Number of Fast Food Chains in the USA to Spur Sales of Electric Serving Warmers
As per FMI, the food serving equipment market in the USA is estimated to be worth about USD 875.5 million by the end of 2033. The country is anticipated to generate nearly 72% of the North American market share during the assessment period. A rising number of fast food chains and restaurants across the US is projected to drive the market in the next decade. Also, the urgent need to extend the shelf life of food items and maintain their optimum temperature is likely to bolster the market.
Expansion of Tourism in the UK to Boost the Demand for Food Serving Supplies
In the next ten years, the UK is estimated to account for around 23% of the share in the Europe food serving equipment market. The country is projected to create an absolute dollar opportunity of nearly USD 332 Million by the end of 2033. Ongoing advancements in the food processing sector is one of the major factor contributing to growth in the UK market.
Besides, the presence of well-established brands such as Fryer's, Chicken Cottage, Leon Restaurants, Krispy Kreme UK, Ed's Easy Diner, Sam's Chicken, and Morley's in the country is anticipated to foster sales. Government initiatives to expand the tourism sector and immigration in the country are also set to uplift the restaurant industry, thereby fueling sales of food-serving equipment across the UK.
Westernizing Dining Customs in China to Push Sales of Commercial Kitchen Equipment
According to FMI, the China food serving equipment market is set to be worth over USD 255.4 Million, accounting for 32% of the Asia Pacific market share during the forecast period. This growth is attributed to the rising population in the country with a wide range of socioeconomic and cultural characteristics.
Furthermore, as western countries have increased their investments in the country to develop its food industry, demand for food serving equipment has surged. It has led to the advancement of production levels and the reduction of processing times.
Apart from that, the expansion of the tourism sector and rapidly westernizing dining customs in China are expected to bolster the market. A rising number of customers experimenting with new foods and developing a taste for different cuisines are compelling restaurants in the country to incorporate various cuisines into their menus. Coupled with this, the high demand for processed food and beverages in China is projected to drive the market.
Quick Service Restaurants to Look for Advanced Electric Hot Food Serving Counters
Based on end users, the quick-service restaurant segment is expected to remain at the forefront in the global food-serving equipment market in the next ten years. Quick-service restaurants have recently evolved as a significant providers of mass-produced food, which has been attracting a rising number of consumers towards enjoying and experiencing their services. Economical, good taste and convenience in terms of both money and time are some of the vital factors supporting the segment’s growth.
The global food serving equipment market is highly fragmented with the presence of a large number of key players. The rising deployment of sustainable technology in modern equipment has encouraged key companies to focus more on mergers & acquisitions and partnerships that would benefit their business. Meanwhile, a few other international companies are joining hands with sustainability to develop customer-centric equipment, thereby addressing food wastage problems.
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Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 3,800 Million |
Projected Market Valuation (2033) | USD 6,934.7 Million |
Value-based CAGR (2023 to 2033) | 6.2% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value (USD Million) |
Key Regions Covered |
North America; Latin America; Europe; Asia Pacific; Oceania; Middle East & Africa (MEA) |
Key Countries Covered |
The US, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
Key Segments Covered |
Product TypeType, End User, Region |
Key Companies Profiled |
AB Electrolux; Ali Group S.r.l. a Socio Unico; Dover Corporation; Duke Manufacturing; Dover Corporation; Welbilt Inc. (Manitowoc Foodservice, Inc.); Illinois Tool Works Inc.; Hatco Corporation; Ali Group S.r.l.; MKN Maschinenfabrik Kurt Neubauer GmbH & Co KG; Al-Halabi Refrigeration & Steel LLC; Fujimak Corporation; Conagra Brands; Greencore Group; Nestlé S.A; Olam International; The Kraft Heinz Company; PepsiCo Inc.; AGRANA Group; Bonduelle; Dole Food; SVZ International B.V.;Sahyadri Farms; Diana Group S.A.S.; RAJE AGRO FOODS PRIVET LIMITED |
Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Volume (MT) Forecast by Region, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 4: Global Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 5: Global Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 6: Global Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 7: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: North America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 9: North America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 10: North America Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 11: North America Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 12: North America Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Latin America Market Volume (MT) Forecast by Country, 2018 to 2033
Table 15: Latin America Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 16: Latin America Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 17: Latin America Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 18: Latin America Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 19: Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: Europe Market Volume (MT) Forecast by Country, 2018 to 2033
Table 21: Europe Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 22: Europe Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 23: Europe Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 24: Europe Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 28: East Asia Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 29: East Asia Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 30: East Asia Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 31: South Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 32: South Asia Market Volume (MT) Forecast by Country, 2018 to 2033
Table 33: South Asia Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 34: South Asia Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 35: South Asia Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 36: South Asia Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 37: Oceania Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 38: Oceania Market Volume (MT) Forecast by Country, 2018 to 2033
Table 39: Oceania Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 40: Oceania Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 41: Oceania Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 42: Oceania Market Volume (MT) Forecast by End User Type, 2018 to 2033
Table 43: MEA Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 44: MEA Market Volume (MT) Forecast by Country, 2018 to 2033
Table 45: MEA Market Value (US$ Million) Forecast by Product Type, 2018 to 2033
Table 46: MEA Market Volume (MT) Forecast by Product Type, 2018 to 2033
Table 47: MEA Market Value (US$ Million) Forecast by End User Type, 2018 to 2033
Table 48: MEA Market Volume (MT) Forecast by End User Type, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Volume (MT) Analysis by Region, 2018 to 2033
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 8: Global Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 9: Global Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 10: Global Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 12: Global Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 13: Global Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 14: Global Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 15: Global Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 16: Global Market Attractiveness by Product Type, 2023 to 2033
Figure 17: Global Market Attractiveness by End User Type, 2023 to 2033
Figure 18: Global Market Attractiveness by Region, 2023 to 2033
Figure 19: North America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 20: North America Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 23: North America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 26: North America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 27: North America Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 28: North America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 30: North America Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 31: North America Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 34: North America Market Attractiveness by Product Type, 2023 to 2033
Figure 35: North America Market Attractiveness by End User Type, 2023 to 2033
Figure 36: North America Market Attractiveness by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 38: Latin America Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 39: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 41: Latin America Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 45: Latin America Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 49: Latin America Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 50: Latin America Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 52: Latin America Market Attractiveness by Product Type, 2023 to 2033
Figure 53: Latin America Market Attractiveness by End User Type, 2023 to 2033
Figure 54: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 55: Europe Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 56: Europe Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 57: Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 58: Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 59: Europe Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 60: Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 61: Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 62: Europe Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 63: Europe Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 64: Europe Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 65: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 66: Europe Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 67: Europe Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 68: Europe Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 69: Europe Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 70: Europe Market Attractiveness by Product Type, 2023 to 2033
Figure 71: Europe Market Attractiveness by End User Type, 2023 to 2033
Figure 72: Europe Market Attractiveness by Country, 2023 to 2033
Figure 73: East Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 74: East Asia Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 75: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 76: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 77: East Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 78: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 79: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 80: East Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 81: East Asia Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 82: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 83: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 84: East Asia Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 85: East Asia Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 86: East Asia Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 87: East Asia Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 88: East Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 89: East Asia Market Attractiveness by End User Type, 2023 to 2033
Figure 90: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 91: South Asia Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 92: South Asia Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 93: South Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: South Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: South Asia Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 96: South Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 97: South Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 98: South Asia Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 99: South Asia Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 100: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 101: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 102: South Asia Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 103: South Asia Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 104: South Asia Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 105: South Asia Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 106: South Asia Market Attractiveness by Product Type, 2023 to 2033
Figure 107: South Asia Market Attractiveness by End User Type, 2023 to 2033
Figure 108: South Asia Market Attractiveness by Country, 2023 to 2033
Figure 109: Oceania Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 110: Oceania Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 111: Oceania Market Value (US$ Million) by Country, 2023 to 2033
Figure 112: Oceania Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 113: Oceania Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 114: Oceania Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 115: Oceania Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 116: Oceania Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 117: Oceania Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 118: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 119: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 120: Oceania Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 121: Oceania Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 122: Oceania Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 123: Oceania Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 124: Oceania Market Attractiveness by Product Type, 2023 to 2033
Figure 125: Oceania Market Attractiveness by End User Type, 2023 to 2033
Figure 126: Oceania Market Attractiveness by Country, 2023 to 2033
Figure 127: MEA Market Value (US$ Million) by Product Type, 2023 to 2033
Figure 128: MEA Market Value (US$ Million) by End User Type, 2023 to 2033
Figure 129: MEA Market Value (US$ Million) by Country, 2023 to 2033
Figure 130: MEA Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 131: MEA Market Volume (MT) Analysis by Country, 2018 to 2033
Figure 132: MEA Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 133: MEA Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 134: MEA Market Value (US$ Million) Analysis by Product Type, 2018 to 2033
Figure 135: MEA Market Volume (MT) Analysis by Product Type, 2018 to 2033
Figure 136: MEA Market Value Share (%) and BPS Analysis by Product Type, 2023 to 2033
Figure 137: MEA Market Y-o-Y Growth (%) Projections by Product Type, 2023 to 2033
Figure 138: MEA Market Value (US$ Million) Analysis by End User Type, 2018 to 2033
Figure 139: MEA Market Volume (MT) Analysis by End User Type, 2018 to 2033
Figure 140: MEA Market Value Share (%) and BPS Analysis by End User Type, 2023 to 2033
Figure 141: MEA Market Y-o-Y Growth (%) Projections by End User Type, 2023 to 2033
Figure 142: MEA Market Attractiveness by Product Type, 2023 to 2033
Figure 143: MEA Market Attractiveness by End User Type, 2023 to 2033
Figure 144: MEA Market Attractiveness by Country, 2023 to 2033
The food serving equipment market size is expected to reach USD 3,800 Million by the end of 2023.
The food serving equipment market is expected to rise at a CAGR of 6.2% during the forecast period from 2023 to 2033.
The US, China, the UK, Germany, and Mexico are the major countries driving demand in the food serving equipment market.
AB Electrolux, Ali Group S.r.l. a Socio Unico, Dover Corporation, Duke Manufacturing, Haier Group, SMEG S.p.A., and The Middleby Corporation are expected to be the top players driving the food serving equipment market.
The global food serving equipment market is estimated to surpass USD 6,934.7 Million by the end of 2033.
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