Equipment likewise washing, cooking, storage and handling equipment are utilized in the food service industry for the preparation and storage of food products for the commercial determination. Due to the proficient growth in the hospitality industry and augmented usage of temperature-optimized storage equipment for perishable food have augmented the entire requirement for the food service equipment around the globe. Not only has this, the effective growth in demand for time proficient, decreased labour for food preparation, affordable is delivering the ample growth opportunity for the food service equipment supplier.
According to the report analysis, ‘Food Service Equipment Market: Current Analysis and Forecast (2021-2027)’ states that speedy urbanization and augment in the disposable income have been booming the food service equipment industry. Not only has this, the effective growth in awareness concerning the usage of eco-friendly, energy proficient equipment has been motivating the food service industries for implementation of smart and proficient equipment. To add on, to improve the consumer observation, market players are functioning on incorporating artificial intelligence in foodservice equipment.
Transforming food consumption patterns, augmented requirement for takeaways, and the enlarging hospitality segment are some of the foremost propelling the market. Not only has this, aspects such as growing digitalization, the requirement for sustainable and eco-friendly equipment, and stringent customer safety norms are expected to generate promising growth opportunities for the market during near future. The market has speedily evolved in accordance with the transforming requirements of clients for outfitting their kitchen spaces. Transforming social customs, coupled with the technological progressions, have created a dynamic marketplace for the equipment utilized in the end-use sector.
The requirement has progressively augmented in response to the development of numerous casual restaurant chains around the North America and Europe. Corporates are mandated to sell the certified and tested commercial kitchen appliances according to the safety rules laid by numerous regulatory bodies around the globe. Such protection standards focus to generate a guarded surrounding for both the restaurant operators and customers.
For a better understanding of the market for food service equipment, the report delivers a detailed analysis for foremost economy comprising North America, Europe, Asia Pacific and Rest of the World. Whereas, the North America constitutes the foremost major market for the food service equipment industry and created revenue of USD xx million during 2020 due to the augmented implementation of the technologically advanced equipment in the food service industry. However, the Asia Pacific economy would augment at the greatest CAGR throughout the review duration owing to transformation in consumer lifestyles in the regions such as China & India and growing food service centre in such regions.
Improvement of the hospitality industry and augment in the usage of temperature-controlled storage equipment for perishable and administered food items has propelled the food service equipment market requirement in commercial kitchens. Moreover, augment in the food service industry, coupled with the increasing requirement for multi-functional, efficient, space & time saving, and decreased labor propels the food service equipment market growth.
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Ankur Gupta, Head Marketing & Communications