Food Service Equipment Market To Reach $58.2 Billion By 2030

Food Service Equipment Market Growth & Trends

The global food service equipment market size is expected to reach USD 58.2 billion in 2030 and is projected to grow at a CAGR of 7.0% from 2025 to 2030 The increasing trade activities in the food & beverage industry, upsurge in travel & tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.

Equipment manufacturers are focusing on mergers & acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces. 

The pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional Internet of Things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.

The COVID-19 pandemic and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market. Various industries such as food & beverage, travel & tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and take away from restaurants & hotels, resulting in some recovery of the food & beverage industry.

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Food Service Equipment Market Report Highlights

• The kitchen purpose equipment segment dominated the market and accounted for a revenue share of 40.6% in 2024.

• FSR (Full Service Restaurant) led the market and accounted for a revenue share of 43.4% in 2024 due to the emergence of digital dining trends

• The offline sector dominated the market and accounted for a revenue share of 68.8% in 2024, driven by the strong market capture of brick & mortar retailers across the global food service equipment industry

• The online sector is expected to grow at the fastest CAGR of 7.4% over the forecast period, aided by the major key players' increasing introduction of online retailing to customers

• Asia Pacific food service equipment market dominated the global market and accounted for the largest revenue share of 36.9% in 2024

Food Service Equipment Market Segmentation

Grand View Research has segmented the global food service equipment market report based on product, end use, sales channel, and region

Food Service Equipment Product Outlook (Revenue, USD Million; 2018 - 2030)

• Kitchen Purpose Equipment

  • Cooking Equipment

    • Grills

    • Fryers

    • Ovens

    • Toasters

    • Others

  • Food & Beverage Preparation Equipment

    • Slicers & Peelers

    • Mixers & Grinders

    • Blenders

    • Juicers

    • Ice Crushers

    • Others

• Refrigeration Equipment

  • Ware Washing Equipment

  • Food Holding & Storing Equipment

  • Others

Food Service Equipment End Use Outlook (Revenue, USD Million; 2018 - 2030)

• Full Service Restaurant (FSR)

• Quick Service Restaurant (QSR)

• Institutional

• Others

Food Service Equipment Sales Channel Outlook (Revenue, USD Million; 2018 - 2030)

• Online

• Offline

Food Service Equipment Regional Outlook (Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in Food Service Equipment Market

• Electrolux

• Welbilt

• Duke Manufacturing

• MEIKO Maschinenbau GmbH & C0. KG

• The Middleby Corporation

• HOSHIZAKI CORPORATION

• Hobart

• RATIONAL

• BUNN

• Cambro