Brazil Food Service Equipment Market Size & Outlook
Brazil food service equipment market, 2018-2030 (US$M)
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Brazil food service equipment market highlights
- The Brazil food service equipment market generated a revenue of USD 569.4 million in 2023 and is expected to reach USD 991.1 million by 2030.
- The Brazil 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.
Food service equipment market data book summary
| Market revenue in 2023 | USD 569.4 million |
| Market revenue in 2030 | USD 991.1 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Kitchen purpose equipment |
| Fastest growing segment | Kitchen Purpose Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.6% of the global food service equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil food service equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 685.7 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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Brazil 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 44.05% in 2023. Horizon Databook has segmented the Brazil 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.
Increasing partnerships and collaborations among companies to strengthen their presence in online channels and ensure prompt food delivery are encouraging Quick-Service Restaurants (QSRs) to adopt food service equipment to cater to the growing food orders. Delivery management providers are companies that manage the process of procuring food from a restaurant to delivery to a customer's doorstep.
The acquisition of delivery management providers in the food delivery sector is significantly enhancing the market for quick-service restaurants. By streamlining the logistics and making the delivery process more efficient, these partnerships enable restaurants to expand their reach and improve customer satisfaction.
In April 2023, Bring, a provider of delivery management platforms, was chosen by BURGER KING Brazil to enhance its last-mile delivery operations and broaden its delivery avenues throughout the area. Through this collaboration, BURGER KING Brazil aimed to expand its delivery services nationwide, boost operational efficiency, and lower the expenses associated with last-mile deliveries.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil food service equipment market , including forecasts for subscribers. This country databook contains high-level insights into Brazil food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil food service equipment market size, by product, 2018-2030 (US$M)
Brazil Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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