India Food Service Equipment Market Size & Outlook
India food service equipment market, 2018-2030 (US$M)
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India food service equipment market highlights
- The India food service equipment market generated a revenue of USD 1,184.7 million in 2023 and is expected to reach USD 2,380.4 million by 2030.
- The India market is expected to grow at a CAGR of 10.5% 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 1,184.7 million |
| Market revenue in 2030 | USD 2,380.4 million |
| Growth rate | 10.5% (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, India accounted for 3.3% 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 Asia Pacific, China food service equipment market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,380.4 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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India 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 43.33% in 2023. Horizon Databook has segmented the India 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.
The exponential growth of cloud kitchens in India is significantly boosting the demand for food service equipment. This surge can be attributed to several factors. First, the rising consumer preference for online food delivery services, fueled by the convenience they offer, has led to an increase in cloud kitchen operations.
Cloud kitchens, focusing solely on food preparation for delivery with no dine-in facilities, rely heavily on efficient, high-quality kitchen equipment to manage large volumes of orders. Further, developing and introducing advanced equipment for the cloud kitchen setup optimizes the food preparation processes, reduces waste, and ensures consistent food quality.
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Target buyers of India 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 country-level data and insights on the India food service equipment market , including forecasts for subscribers. This country databook contains high-level insights into India food service equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India food service equipment market size, by product, 2018-2030 (US$M)
India Food Service Equipment Market Outlook Share, 2023 & 2030 (US$M)
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