Latin America Retail Vending Machine Market Size & Outlook
Latin America retail vending machine market, 2018-2030 (US$M)
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Latin America retail vending machine market highlights
- The Latin America retail vending machine market generated a revenue of USD 1,216.1 million in 2024.
- The market is expected to grow at a CAGR of 3.3% from 2025 to 2030.
- In terms of segment, beverages vending machines was the largest revenue generating product in 2024.
- Snacks Vending Machines is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 1,216.1 million |
| Market revenue in 2030 | USD 1,483.6 million |
| Growth rate | 3.3% (CAGR from 2025 to 2030) |
| Largest segment | Beverages vending machines |
| Fastest growing segment | Snacks Vending Machines |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Beverages Vending Machines, Snacks Vending Machines, Food Vending Machines, Frozen Vending Machines, Tobacco Vending Machines, Games/Amusement Vending Machines, Beauty & Personal Care Vending Machines, Candy & Confectionery Vending Machines, Pharmaceuticals Vending Machines, Electronics Vending Machines, Book & Magazine Vending Machines |
| Key market players worldwide | Cantaloupe Inc, Sanden Corp, Fuji Electric Co Ltd, Azkoyen, Westomatic, Royal Vendors, Glory Global Solutions, Seaga Manufacturing, Sellmat |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global retail vending machine market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 17,104.6 million by 2030.
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Retail Vending Machine Market Scope
Retail Vending Machine Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America retail vending machine 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 retail vending machine market will help companies and investors design strategic landscapes.
Beverages vending machines was the largest segment with a revenue share of 38.14% in 2024. Horizon Databook has segmented the Latin America retail vending machine market based on beverages vending machines, snacks vending machines, food vending machines, frozen vending machines, tobacco vending machines, games/amusement vending machines, beauty & personal care vending machines, candy & confectionery vending machines, pharmaceuticals vending machines, electronics vending machines, book & magazine vending machines covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization, technological advancements, partnerships and alliances, changing demographics, rising hygiene concerns, growing e-commerce sector, rising disposable income & standard of living, entry of a large number of food and beverage brands, and a shift in consumer preference toward branded food and beverages are some of the key growth drivers of the Latin American vending machine market.
In April 2021, Algramo, a Santiago, Chile-based company, launched a refill vending machine that delivers merchandise 'by the gramme' to clients' doorsteps on an electric tricycle equipped with refills, using radio-frequency identification (RFID) tagged containers and internet of things (IoT) technology.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America retail vending machine market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America retail vending machine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America retail vending machine market size, by country, 2018-2030 (US$M)
Latin America Retail Vending Machine Market Outlook Share, 2024 & 2030 (US$M)
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