Asia Pacific Food Service Equipment Market Size & Outlook
Asia Pacific food service equipment market, 2018-2030 (US$M)
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Asia Pacific food service equipment market highlights
- The Asia Pacific food service equipment market generated a revenue of USD 13,090.7 million in 2023.
- The market is expected to grow at a CAGR of 8.2% from 2024 to 2030.
- In terms of segment, kitchen purpose equipment was the largest revenue generating product in 2023.
- Kitchen Purpose Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 13,090.7 million |
| Market revenue in 2030 | USD 22,778.5 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Kitchen purpose equipment |
| Fastest growing segment | Kitchen Purpose Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Kitchen Purpose Equipment, Refrigeration Equipment, Ware Washing Equipment, Food Holding & Storing Equipment, Other Product |
| Key market players worldwide | Electrolux AB Class B, Dover Corp, Haier Smart Home Co Ltd ADR, Smeg, The Middleby Corp, Ali Group, Duke Manufacturing |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 36.4% of the global food service equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 22,778.5 million by 2030.
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Food Service Equipment Market Scope
Food Service Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific food service equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food service equipment market will help companies and investors design strategic landscapes.
Kitchen purpose equipment was the largest segment with a revenue share of 39.9% in 2023. Horizon Databook has segmented the Asia Pacific food service equipment market based on kitchen purpose equipment, refrigeration equipment, ware washing equipment, food holding & storing equipment, other product covering the revenue growth of each sub-segment from 2018 to 2030.
High urbanization rates in countries such as China and India and in Southeast Asia countries are leading to an increase in the number of food service outlets. Urban settings have higher concentrations of restaurants, fast food chains, and cafes, which has been creating a strong demand for food service equipment.
In addition, the surge in online food ordering and delivery services, facilitated by apps and online platforms, requires restaurants to maintain top-notch quality and efficiency. This has led to increased investments in sophisticated food service equipment that can cater to this growing, high-quality food demand.
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Target buyers of Asia Pacific food service equipment market databook
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Our clientele includes a mix of food service equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific food service equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific food service equipment market size, by country, 2018-2030 (US$M)
Asia Pacific Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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