Food and beverage vending machines are coin-operated machines for selling products. It is an electronic machine that distributes snacks, beverages, alcohol, cigarettes, etc. after a certain amount of money is put in. It is mainly used in the retail sector, quick service restaurants and hotels. The growth of the retail sector and the growing need to expand the virtual space of retail stores are driving the growth of food and beverage vending machines around the world.
However, the high initial investment in installing vending machines can impact market growth in the near future. The food vending machine market is divided based on product types, including beverage vending machines and food vending machines.
Within both of these segments, food vending machines are expected to show healthy growth during the forecast period. Beverage vending machines are further subdivided into hot beverage vending machines, cold beverage vending machines, and soda / beer / liquor / wine vending machines.
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Of all these subsegments, cold beverage vending machines are expected to contribute the most to revenue. However, soda / beer / liquor / wine vending machines are expected to show significant growth during the forecast period. Furthermore, food vending machines are further subdivided into candy vending machines, snack vending machines, fresh food vending machines, frozen food vending machines, fruit vending machines, milk vending machines, etc. (egg vending machines). Of all these sub-segments, snack vending machines are expected to hold the highest market share after frozen food and candy vending machines in the near future.
Food and beverage vending machines are further subdivided based on end-use applications, including airports, corporate offices, schools / universities, hotels, quick service restaurants (QSRs), and more. Of all these segments, quick-service restaurants are expected to make the most revenue contributions after the airport.
Credit card acceptance provides convenience, and healthier eating options are due to this growth. In addition, revenue through the airport is projected to play an important role in the food and beverage vending machine market. Based on geography, North America is expected to make the largest contribution in terms of market share in the food and beverage vending machine market following Europe.
The government requires labeling of the nutritional value of products. Vending machines that can clearly display such content are expected to drive the growth of the food and beverage vending machine market across North America. Meanwhile, the Asia Pacific region is expected to record double-digit healthy growth by 2020.
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In the Asia-Pacific region, China is expected to be the dominant market for food and beverage vending machines, followed by India. The increasing introduction of new hot beverages suitable for vending machines is driving the growth of food and beverage vending machines in China.
Continued research and development and adoption of intelligent vending machines is expected to boost the growth of the food and beverage vending machine market in the near future. In addition, automated retailing, combined with features that minimize operating costs, is expected to support the growth of the food and beverage vending machine market during the forecast period.
Major players active in the food and beverage vending machine market include Fuji Electric Co., Ltd., Innovative Vending Solutions LLC, GTECH Corp, Bulk Vending Systems Co., Ltd., UK Vending Ltd, Cantaloupe Systems Inc, Includes American Vending Machine, Inc and Azkoyen SA. , Abberfield Technology Pty. Ltd, Bianchi Vending Group SpA, USA Technologies Inc, etc.
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