Food Service Equipment Market Research Report - Global Forecast till 2030

Food Service Equipment Market Research Report Information By Product (Cooking Equipment, Storage & Handling Equipment, Ware Washing Equipment, Food Holding & Serving Equipment, and Others), By Application (Full-Service Restaurants, Quick Service Restaurants, Caterers, Hotels & Clubs, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) โ€“ Market Forecast Till 2030

ID: MRFR/IA - E/2503-HCR | 100 Pages | Author: Snehal Singh | June 2023         

Global Food Service Equipment Market Overview


The Food Service Equipment Market Size was valued at USD 30,489.5 million in 2021. The Food Service Equipment market industry is projected to grow from USD 32,014.0 million in 2022 to USD 45,046.9 million by 2030, exhibiting a compound annual growth rate (CAGR) of 5.0% during the forecast period (2022 - 2030). Food consumption patterns are changing, takeaways are rising, and the hospitality industry is expanding are the key market drivers enhancing market growth for food service equipment.


Global Food Service Equipment Market Overview


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Food Service Equipment Market Trends




  • Increasing awareness of eco-friendly initiatives and energy consumption to boost the market growth




Consumers are becoming increasingly aware of energy consumption and eco-friendly initiatives, leading them to adopt energy-efficient appliances, which creates opportunities for the market. To mitigate the impacts of climate change,  consumption norms emphasize reducing greenhouse gas emissions (GHG). Restaurants, institutional kitchens, and cafes increasingly prefer appliances displaying the ENERGY STAR symbol, a symbol that signifies a product is energy efficient, saving energy and reducing maintenance costs. A study by the Energy Star program of the U.S. EPA found that food service equipment featuring the ENERGY STAR symbol can save operators USD 5,300 annually or about 340 million BTUs.


Further, the market demand has significantly increased due to the emergence of several casual restaurant chains in North America and Europe. According to several regulatory bodies worldwide, companies must sell certified and tested commercial kitchen appliances. By setting these safety standards, restaurant operators and consumers can expect a safe and secure environment. The mission ensure food safety requirements and sanitation protocols are adhered to by the end-user sector, the National Sanitation Foundation (NSF), a non-profit organization that tests, inspects and certifies products, has developed equipment safety standards.


Additionally, with a growing awareness of food safety and smart kitchen appliances, advanced food service machinery will be in high demand in the coming years. Therefore, the introduction of IoT, Big Data, and Industry 4.0 have led to the growth of smart food companies whose equipment is based on technology. In addition to helping restaurants achieve the highest level of food safety, waste reduction, traceability improvement, and cost reduction, this technique can also help to reduce the risks associated with various food serving techniques that are becoming a key trend on the market.


However, technological advancements coupled with changing social customs have created a dynamic market for end-use equipment, another factor driving the growth of the food service equipment market revenue.


Food Service Equipment Market Segment Insights:


Food Service Equipment Product Insights


The food service equipment market segmentation, based on product, includes cooking equipment, storage & handling equipment, ware washing equipment, food holding & serving equipment, and others. The cooking food service equipment segment held the majority share in 2021, contributing to around ~38-40% of the food service equipment market revenue. This is primarily owing to using innovative products in commercial kitchens depending on the kitchen's space and budget. Manufacturers have increased their focus on elements such as the latest technology solutions and exterior appliance designs as the demand for meal preparation appliances increases in open food service kitchens.


October 2021: Electrolux Professional has acquired Dover Corporation's Unified Brands, part of its Refrigeration & Food Equipment segment. Unified Brands manufactures, designs, and markets professional cooking equipment. The focus of Electrolux Professional on the commercial food service market, along with its complementary customer base, product lines, and channel partners, will benefit Unified Brands.


Food Service Equipment Application Insights


The food service equipment market segmentation, based on application, includes full-service restaurants, quick-service restaurants, caterers, hotels & clubs, and others. The full-service restaurants segment dominated the food service equipment market data in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The advent of digital dining trends has prompted food service operators to use modern equipment to accelerate preparation and reduce delivery uptime. During the past few years, full-service restaurants have seen an increase in footfall due to the shift from formal events to informal gatherings during travel and tourism. Hence, all these factors positively impact the food service equipment market growth.


Figure 2:  Food Service Equipment Market, by Application, 2021 & 2030 (USD Million)


Food Service Equipment Market, by Application, 2021 & 2030


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Additionally, due to the growing working population and globalization of prominent restaurant chains by establishing franchisee outlets, Quick Service Restaurants (QSRs) are expected to achieve the fastest growth rates during the forecast period. In addition to menu innovation, convenience, and competitive pricing, QSRs emphasize menu innovation and convenience.


Food Service Equipment Regional Insights


By Region, the study provides market insights for food service equipment into North America, Europe, Asia-Pacific and the Rest of the World. The Asia-Pacific food service equipment market accounted for USD 13,384.9 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is mainly due to the increasing demand for food service equipment in the region due to the rapid westernization of dining customs and the expansion of the tourism industry, especially in Singapore, Malaysia, Indonesia, and Australia. As a result of a growing number of customers experimenting with new foods and developing a taste for different cuisines, restaurants are increasingly incorporating multiple cuisines into their menus.


Further, the major countries studied in the food service equipment market report are: The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.


Figure 3:  FOOD SERVICE EQUIPMENT MARKET SHARE BY REGION 2021 (%)


FOOD SERVICE EQUIPMENT MARKET SHARE BY REGION 2021


Source: Secondary Research, Primary Research, MRFR Database and Analyst Review


Europe's food service equipment market accounts for the second-largest market share due to the industry adopting technology to improve its services. The market is expected to grow. In addition, bakery and confectionery food products are increasingly demanded in Germany, England and other countries. Further, the German food service equipment market held the largest market share, and the UK food service equipment market was the fastest-growing market in the European region


The North American food service equipment market accounts for the second-largest market share. A growing number of restaurants are making large investments to improve customer service across the U.S. and Canada. Moreover, the U.S. food service equipment market held the largest market share, and the Canadian food service equipment market was the fastest-growing market in the North American region


For instance, the U.S. food service equipment market is numerous well-established food service equipment brands in North America, including McDonald's, Burger King Corporation, KFC Corporation, and Starbucks Coffee Company, which have led to the United States becoming the dominant market in the food service equipment industry. Moreover, government initiatives influencing the tourism sector and immigration in the country are projected to uplift the restaurant industry in the near future, resulting in higher deployment rates for these appliances.


Food Service Equipment Key Market Players & Competitive Insights


Major market players are spending a lot of money on R&D to increase their product lines, which will help the food service equipment market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the food service equipment industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.


One of the primary business strategies manufacturers adopt in the food service equipment industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. The food service equipment industry has provided medicine with some of the most significant benefits in recent years. In the food service equipment market, major players such as Dover Corporation (US), Meiko (Germany), Duke Manufacturing Co. Inc. (US), and others are working on expanding the market demand by investing in research and development activities.


Dover Corporation (US) manufactures industrial products and manufacturing equipment. In addition to printing, identification, marking, coding, waste handling, industrial equipment, refrigeration systems, display cases, industrial pumps, fuel dispensers, nozzles, piping, and electronic tank gauges, Dover's products serve customers worldwide. In October 2021, Electrolux Professional acquired Dover Corporation's Unified Brands, part of its Refrigeration & Food Equipment segment. Unified Brands manufactures, designs, and markets professional cooking equipment. The focus of Electrolux Professional on the commercial food service market, along with its complementary customer base, product lines, and channel partners, will benefit Unified Brands.


Founded in 1908, Manitowoc Company, Inc., is a diversified industrial manufacturer that manufactures a variety of cranes and related equipment. These include lattice-boom cranes, tower cranes, mobile telescopic cranes, and boom trucks. The company announced in March 2022 that it had reached a deal to sell its Manitowoc Ice business for $1.6 billion in cash, cash-free, and debt-free. Manitowoc Ice designs, manufactures and sells a complete line of ice machines and related equipment. The company's focus on water solutions, as well as its diverse customer base, will prove beneficial to Manitowoc Ice.


Key Companies in the Food Service Equipment market include



  • Meiko (Germany)

  • Duke Manufacturing Co. Inc. (US)

  • Hoshizaki Electric Co. Ltd (Japan)

  • Fujimak Corporation (Japan)

  • Tupperware Hobart Corporation (US)

  • Dover Corporation (US)

  • Brands Corporation (US)

  • Electrolux AB (Sweden)

  • Ali Group Spa (Italy)

  • Manitowoc Company Inc., among others


Food Service Equipment Industry Developments


July 2020: Pump Solutions Group (Pump Solutions Group, acquired by Dover Corporation) launched two integrated rinse pumps, EvoWash and EvoRinse. The equipment is equipped with an optional powder or solid detergent dissolver, making it ideal for food service operations, both commercial and non-commercial.


Food Service Equipment Market Segmentation


Food Service Equipment Product Outlook



  • Cooking Equipment

  • Storage & Handling Equipment

  • Ware Washing Equipment

  • Food Holding & Serving Equipment

  • Others


Food Service Equipment Application Outlook



  • Full-Service Restaurants

  • Quick Service Restaurants

  • Caterers

  • Hotels & Clubs

  • Others


Food Service Equipment Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America





Report Scope:

Report Attribute/Metric Details
Market Size 2021 USD 30,489.5 million
Market Size 2022 USD 32,014.0 million
Market Size 2030 USD 45,046.9 million
Compound Annual Growth Rate (CAGR) 5.0% (2022-2030)
Base Year 2021
Market Forecast Period 2022-2030
Historical Data 2018 & 2020
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Product, Application, and Region
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Meiko (Germany), Duke Manufacturing Co. Inc. (US), Hoshizaki Electric Co. Ltd (Japan), Fujimak Corporation (Japan), Tupperware Hobart Corporation (US), Dover Corporation (US), Brands Corporation (US), Electrolux AB (Sweden), Ali Group Spa (Italy), Manitowoc Company Inc.
Key Market Opportunities Increasing awareness of eco-friendly initiatives and energy consumption
Key Market Dynamics Increasing digitalization, sustainability, and compliance with consumer safety standards


Frequently Asked Questions (FAQ) :

The food service equipment market size was valued at USD 30,489.5 million in 2021.

The food service equipment market is projected to grow at a CAGR of 5.0% during the forecast period 2022-2030.

Asia-Pacific had the largest share of the market for food service equipment

The key players in the market for food service equipment are Meiko (Germany), Duke Manufacturing Co. Inc. (US), Hoshizaki Electric Co. Ltd (Japan), Fujimak Corporation (Japan), Tupperware Hobart Corporation (US), Dover Corporation (US), Brands Corporation (US), Electrolux AB (Sweden), Ali Group Spa (Italy), Manitowoc Company Inc.

The cooking equipment category dominated the market for food service equipment in 2021.

The full-service restaurants had the largest share of the market for food service equipment.

Key Questions Answered

  • ✅ Global Market Outlook
  • ✅ In-depth analysis of global and regional trends
  • ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
  • ✅ To understand the capability of the major players based on products offered, financials, and strategies.
  • ✅ Identify disrupting products, companies, and trends.
  • ✅ To identify opportunities in the market.
  • ✅ Analyze the key challenges in the market.
  • ✅ Analyze the regional penetration of players, products, and services in the market.
  • ✅ Comparison of major playersโ€™ financial performance.
  • ✅ Evaluate strategies adopted by major players.
  • ✅ Recommendations
Request Free Sample

Why Choose Market Research Future?

  • ✅ Vigorous research methodologies for specific market.
  • ✅ Knowledge partners across the globe
  • ✅ Large network of partner consultants.
  • ✅ Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • ✅ Trusted by fortune 500 companies/startups/universities/organizations
  • ✅ Large database of 5000+ markets reports.
  • ✅ Effective and prompt pre- and post-sales support.
Speak to Analyst
Leading companies partner with us for data-driven Insights.
Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo Client logo

Kindly complete the form below to receive a free sample of this Report

Please fill in Business Email for Quick Response
Invalid