The global food-service equipment market is forecast to advance from USD 4.6 billion in 2025 to USD 7.3 billion by 2035, a 6.2% CAGR.

Attributes	Description
Estimated Industry Size (2025E)	USD 4.6 billion
Projected Industry Value (2035F)	USD 7.3 billion
Value-based CAGR (2025 to 2035)	6.2%

Country wise Insights

Countries	CAGR (2025-2035)
USA	5.1%
Germany	4.1%
India	7.9%
China	7.0%
Japan	6.2%

The size of the global food service equipment market reached ***** billion U.S. dollars in 2020. This figure was forecast to reach ***** billion U.S. dollars in 2030, showing a CAGR of *** percent from 2021 to 2030.

The global Food Service Equipment Market is expected to rise USD 78.62 billion by 2034 And anticipated to grow at a CAGR of 6.2%.

Global Food Service Equipment market size is expected to reach $54.92 billion by 2029 at 7.3%, the impact of the growing online food service sector on the food service equipment market

Food Service Equipment Market was valued at USD 38,208 Million in 2022 and is projected to witness a CAGR of 5.1% during the forecast period.

Food Service Equipment Market size was valued at USD 35.97 Billion in 2023 and is poised to grow from USD 38.52 Billion in 2024 to USD 62.27 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).

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Food Service Equipment Market Size 2024-2028

The food service equipment market size is forecast to increase by USD 12.75 billion at a CAGR of 5.99% between 2023 and 2028.

The market is experiencing significant growth. The market's expansion is linked to several key factors, including the ongoing shift toward energy-efficient food service equipment such as commercial thawing cabinets driven by sustainability concerns and cost savings. One notable trend is the shift towards energy-efficient equipment, as businesses aim to reduce operational costs and minimize their carbon footprint. Another trend is the increasing importance of proper food storage, with the demand for advanced refrigeration and preservation technologies on the rise. However, the market also faces challenges, including the high installation and operational costs of food service equipment. Proper planning and investment in energy-efficient and cost-effective solutions are essential for businesses looking to succeed in this market. Overall, the market is poised for continued growth, driven by these trends and the evolving needs of the food service industry.

What will be the Size of the Food Service Equipment Market During the Forecast Period?

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The market encompasses a wide range of tools, utensils, storage units, tableware, cutlery items, plates, cups, bowls, colanders, glasses, woks, cooking stoves, electrical refrigerators, and ware washing equipment used In the hospitality sector. This market is experiencing significant growth due to digitalization, which is transforming kitchen spaces through automation and remote monitoring. Eco-friendly equipment is also gaining popularity as consumer safety norms prioritize sustainability and energy efficiency. Technological progressions, such as smart kitchen solutions and IoT-enabled appliances, are driving innovation in cooking equipment and ware washing systems. The market is expected to continue expanding, providing opportunities for businesses to invest in advanced and efficient food service equipment solutions.

How is this Food Service Equipment Industry segmented and which is the largest segment?

The food service equipment industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Distribution Channel

  Offline
  Online


Product

  Cooking and preparation equipment
  Refrigeration equipment
  Ware washing equipment
  Storage and handling equipment
  Others


Geography

  APAC

    China
    Japan


  North America

    US


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Distribution Channel Insights

The offline segment is estimated to witness significant growth during the forecast period.

The market encompasses the sales of tools, utensils, storage units, tableware, cutlery items, cooking equipment, refrigeration equipment, ware washing equipment, and service equipment for cafes, hotels, commercial kitchens, restaurants, and catering establishments. The market is witnessing significant technological advancements, with digitalization playing a pivotal role. Eco-friendly equipment and consumer safety norms are key trends. Technological progressions include connected devices, real-time alerts, workflow processing, and temperature monitoring, all enabled by IoT specifications and advanced user interfaces. Energy consumption and eco-friendly initiatives are driving the demand for energy-efficient appliances, semiconductors, and microelectronics. Food safety concerns are prompting the adoption of advanced machinery and automation.

Sales channels include full service restaurants, pubs, clubs, bar lounges, takeaways, and cloud kitchens. companies collaborate to offer innovative products and services, focusing on food and beverage establishments. The refrigeration equipment segment, including convenience stores, full service restaurants, quick service restaurants, and catering businesses, is a significant market. Food consumption patterns, big data services, and environmental awareness are influencing market trends.

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The Offline segment was valued at USD 24.2 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 37% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in APAC is driven by technological advancements and innovative product launches in countries

According to Cognitive Market Research, the global Food Service Equipment market size was USD 34.6 billion in 2022 and will grow and expand at a growth rate or compound annual growth rate (CAGR) of 4.5% from 2023 to 2030 What are the Key Trends Driving Growth and Development for the Food Service Equipment Market?

Automated Technology Integration to Accelerate Growth in the Market

The equipment makers intend to concentrate on the low-cost services that may be supplied to improve food quality. In today's industry, monitoring and providing quality services of any gear has become mandatory. For networked and smart operations, maintenance via the internet and self-diagnosis functions are introduced, recognizing the operation of food service machines. This equipment aids in preserving cleanliness, precise temperature, and sterilizing utensils used in food preparation, hence ensuring consumer food safety.

The Factors limiting the growth and expansion of the Food Service Equipment market

High Costs Associated with Food Equipment Hinder Market Growth

The hotel business generates considerable money for the food service equipment sector. However, the closure of a big section of the hospitality business, including full-service eateries, pubs and bars, and quick-service eateries (QSR), has dramatically impeded the sale of food service supplies. In addition, the costly nature of modern equipment is restricting the Food Services Equipment Market's growth. Customers embrace energy-efficient appliances as their understanding of energy consumption and eco-friendly activities grows, providing opportunities for this business.

Impact Of COVID-19 on the Food Service Equipment Market

Due to rigorous social distancing and shelter-in-place regulations implemented by governments, the COVID-19 pandemic led to the temporary shutdown of food service activities. Consequently, the industry had negative growth in 2020, with insignificant output and sales. Nonetheless, when governments ease restrictions and the first vaccinations show up, the food service sector is projected to recover throughout the projection period. While dine-in dining establishment traffic is projected to take slower to recover, end consumers will likely recover via off-premises, takeout, and online delivery companies. The embattled market is predicted to thrive in the next years due to the following increase in footfall in food service establishments and corporate kitchens. Introduction of Food Service Equipment

Globally, the rising hospitality industry is driving market expansion. The exponential expansion in the amount of food service outlets, notably in European and Asian nations, is due to increasing demand for this equipment. Maintaining continuous operations in the kitchen, restaurants, hotels, and catering enterprises requires technologically innovative and energy-efficient service equipment. Furthermore, the enhanced lifestyle brought about by increased consumer money to spend is fuelling market expansion. The unpredictability of the ongoing lockdown in numerous countries has resulted in the closure of eateries and other hospitality outlets, impacting the worldwide food service machine business.

For instance, the National Restaurant Association has offered guidelines to assist restaurant owners in protecting personnel and customers and providing safe and sanitary food items. To avoid maximum food contamination and ensure food safety, the whole food industry is focused on Food Safety Management Systems that adhere to Hazard Analysis and Critical Control Point concepts. The WHO emphasizes food safety recommendations for food industry personnel and retail food locations to preserve the quality of the food chain and provide enough safe food supply to customers.

(Source:www.fao.org/fao-who-codexalimentarius/sh-proxy/en/?lnk=1&url=https%253A%252F%252Fworkspace.fao.org%252Fsites%252Fcodex%252FStandards%252FCXC%2B1-1969%252FCXC_001e.pdf)

The global food service equipment market size was valued USD 35.59 billion in 2023 and is expected to rise to USD 65.43 billion by 2032 at a CAGR of 7%.

The restaurant equipment market is projected to have a CAGR of 7.9% by 2033. According to FMI, the market is expected to expand from US$ 4,093.8 million in 2023 to US$ 8,756.63 million by 2033. With a lower demand rate of 5.4% from 2018 to 2022, the market had a worth of US$ 3,815.24 million in 2022.

Attributes	Details
Restaurant Equipment Market CAGR (2023 to 2033)	7.9%
Restaurant Equipment Market Size (2023)	US$ 4,093.8 million
Restaurant Equipment Market Size (2033)	US$ 8,756. 63 million

Regional Analysis

Countries	Market Share/CAGR
Japan	3.5%
Australia	2.0%
China	4.9% (CAGR)
India	6.9% (CAGR)

Food Service Equipment Market size was valued at $23.65 billion in 2020 and is predicted to reach USD 53.78 billion with a CAGR of 8.9% from 2021-2030

The USA food service equipment market is projected to reach a value of USD 5,759.4 Million in 2025, growing at a CAGR of 6.2% over the next decade to an estimated value of USD 6,658.6 Million by 2035.

Attributes	Values
Estimated USA Industry Size in 2025	USD 5,759.4 Million
Projected USA Value in 2035	USD 6,658.6 Million
Value-based CAGR from 2025 to 2035	6.2%

The global food service equipment market size reached USD 35.90 Billion in 2024. The market is expected to grow at a CAGR of 5.70% between 2025 and 2034, reaching almost USD 62.49 Billion by 2034.

The Latin America Food Service Equipment Sales are estimated around USD 5,279.4 million in 2025 to USD 7,491.0 million by 2035, with a compound annual growth rate (CAGR) of 4.0% during the forecast period from 2025 to 2035.

Attributes	Value
Estimated Latin America Industry Size (2025E)	USD 5,279.4 million
Projected Latin America Value (2035F)	USD 7,491.0 million
Value-based CAGR (2025 to 2035)	4.0%

Semi-Annual Market Update for the Food Service Equipment Market in Latin America

Particular	Value CAGR
H1 (2024 to 2034)	1.5%
H2 (2024 to 2034)	1.9%
H1 (2025 to 2035)	2.3%
H2 (2025 to 2035)	2.1%

Country-wise Insights

Countries	Market Share (%)
Brazil	33%
Mexico	21%
Other Countries	46%

An analysis of Latin America Food Service Equipment Categories by End Use Industry and Equipment Type

Main Segment	Market Share (%)
End Use Industry (Hotels and Fast Food Restaurants)	55%
Remaining segments	45%

Main Segment	Market Share (%)
Equipment Type (Cooking Equipment)	21%
Remaining segments	79%

Market Concentration

Manufacturer	Market Share (%)
Ali Group	14%
Fagor Industrial	9%
Hobart Corporation	11%
Electrolux Professional	7%
Rational AG	5%
Middle by Corporation	6%
Others	48%

The global food service equipment market was valued at USD 33.52 billion in 2019 and is expected to register a substantial CAGR of nearly 5.1% during the forecast period, 2020–2027. The growth of the market is attributed to rising expansion of the food service industry, opening up of new fast food chains, and increasing trade volume of the food & beverage sector.

Food service equipment are the collection of tools such as utensils, crockery, and cutlery that are required for the cooking and serving of foods. These equipment are primarily designed for preparing meals outside the home and are widely adopted by restaurants and hotels that provide food services. In terms of its applications, these equipment are used for kitchen purpose, cooking, food holding and storing, and ware washing.

Market Drivers, Restraints, Trends, and Opportunities

• Expanding food service market and increasing food consumption due to rising global population are anticipated to boost the market growth during the forecast period.


• Growing number of fast-food restaurants and hotels are expected to push the overall market development over the analysis years.


• Rising growth of the catering services and increasing inclination for social events estimated to fuel the market expansion in the coming years.


• Lack of hygienic maintenance in food services is projected to restrain the market development during the targeted years.


• The market growth between 2019 and 2020 has been affected due to the adverse impact of the COVID-19 pandemic and the trend is expected to continue till mid-2021.


• Increasing R&D investment from key players and technological advancement for the production of new food service equipment are expected to offer immense opportunities for the market expansion during the projected period.

Scope of the Report

The report on the global food service equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Base Year	2019
Historic Data	2017–2018
Forecast Period	2020–2027
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Food Service Equipment Market Report 2022 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2022-2028. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Food Service Equipment Market valued at USD 40.04 Bn in 2025, is anticipated to reaching USD 59.02 Bn by 2032, with a steady annual growth rate of 5.7%.

Get key insights from Market Research Intellect's QSR Food Service Equipment Market Report, valued at USD 10.3 billion in 2024, and forecast to grow to USD 15.8 billion by 2033, with a CAGR of 5.5% (2026-2033).

Foodservice Equipment Market Outlook

The global foodservice equipment market is poised for significant growth, with the market size expected to expand from $41.9 billion in 2023 to an estimated $63.2 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5%. This upward trajectory is fueled by several growth factors, including the increasing demand for energy-efficient and technologically advanced equipment, and the ever-expanding foodservice sector driven by changing consumer preferences and lifestyles. As the industry continuously evolves, innovations in kitchen appliances and equipment have become essential to meet the diverse demands of foodservice operators and consumers alike.

One of the primary growth drivers of the foodservice equipment market is the rapid globalization and urbanization, leading to an exponential rise in the number of foodservice establishments across the globe. With more people living in urban areas, there is a heightened demand for dining out and ready-to-eat meals, propelling the need for efficient food preparation and service facilities. Additionally, the burgeoning middle class, particularly in emerging economies, is driving the trend of dining out more frequently, thereby bolstering demand for advanced foodservice equipment that can enhance productivity and service quality. Furthermore, the integration of smart technology in foodservice equipment is streamlining operations and improving energy efficiency, which is becoming increasingly appealing to cost-conscious operators.

The expanding tourism and hospitality industry is another significant factor boosting the foodservice equipment market. With the rise in international travel, there is an increased need for sophisticated and reliable equipment to cater to the diverse dietary preferences and high expectations of tourists. Moreover, the growing trend of food tourism, where travelers seek authentic culinary experiences, necessitates the adoption of specialized equipment that can accommodate traditional cooking methods while ensuring quality and safety. The hospitality sector's emphasis on providing seamless service and the need to comply with stringent food safety regulations are further driving investments in modern, compliant foodservice equipment.

The rise of environmental awareness and consumer preference for sustainable practices are also propelling the growth of the foodservice equipment market. There is a mounting demand for energy-efficient appliances that minimize waste and reduce carbon footprints, aligning with global sustainability goals. Manufacturers are increasingly focusing on developing eco-friendly equipment that not only conserves energy but also promotes better recycling practices. This shift towards sustainability is influencing purchasing decisions and encouraging foodservice operators to upgrade their existing equipment to meet these evolving standards, thus contributing to market growth.

In terms of regional outlook, the Asia Pacific region is expected to witness the fastest growth in the foodservice equipment market, driven by rapid economic development and a rising consumer base. The region's dynamic foodservice industry, characterized by a blend of traditional and modern dining experiences, presents lucrative opportunities for equipment manufacturers. North America and Europe follow closely, with a mature market that continues to innovate and expand, particularly through technological advancements and sustainable practices. These regions are also seeing a shift toward more specialized and niche markets, such as food trucks and pop-up restaurants, which require versatile and compact equipment solutions.

The emergence of Cloud Kitchen and Dark Kitchen Equipment is revolutionizing the foodservice landscape, offering a streamlined approach to food production and delivery. These kitchens, which operate without a traditional dine-in space, rely heavily on specialized equipment designed for efficiency and scalability. As the demand for food delivery services continues to rise, cloud kitchens are becoming increasingly popular, allowing operators to reach a wider customer base with minimal overhead costs. The equipment used in these kitchens is tailored to support high-volume production, often integrating advanced technologies to optimize cooking processes and ensure consistent quality. This shift is not only transforming how food is prepared and delivered but also driving innovation in the foodservice equipment market, as manufacturers develop solutions that cater to the unique ne

The food service equipment market is estimated to be USD 39,751.59 Mn in 2024 and is projected to reach USD 60,838.07 Mn by 2032, at a CAGR of 5.9% from 2025 to 2032.