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Demand For Customized Food Driven By Millenial Population To Spur Food Service Equipment Market Growth

Foodservice equipment can be defined as anything that assists in preparing, holding, cooking, and serving food. This includes utensils, cutlery, crockery, and many high standard equipments that are majorly used for commercial purpose. Urbanization, constant growth in emerging markets, and rising standards has brought a shift in diet patterns. It includes value-added food products, thus fueling demand for packaged foods, creating growth opportunities for the foodservice equipment market.

Increased demand for ready meals and on-the-go food offers a growth opportunity for the foodservice sub-sector and drives innovation in flexible packaging. A growing focus on organic and healthier foods has broadened the food menus and the need for higher standards and traceability. There is likely to be a new line of food production equipment, demands with high standards, and the need for specialized systems to ensure traceability and minimize deterioration.

Unox, cooking appliance maker included, the Repa Group, as a parts distributor, allowing the parts specialist to supply a wider range of branded parts. Customers can procure 1,500 spare parts, detergents, and other accessories for Unox ovens. All Unox fast moving parts will be in stock with the Repa group.

The global foodservice equipment market is largely segmented based on the product and the end user. Based on the product, the world market is divided into refrigeration, cooking, food storage and service, dish washing, storage and others. The market is also divided into large equipment, mechanical equipment and small type equipment. In addition, the end user segment is divided into food services, fast service restaurants and pubs, supermarkets and retail chains, full service restaurants and hotels, etc.

Focusing on the global foodservice equipment market’s regional horizons, North America is poised to show a significant growth trend due to product development advancements. Following North America, Europe is expected to scale up it’s holding in the global market. The Middle East and Africa are set to capture a considerable market size, as the tourism industry and hospitality industry lay lucrative opportunities in terms of demand. On the other side, the Asia Pacific region is expected to witness accelerated growth in the global foodservice equipment market.

The leading manufacturers and industry giants functioning in the global foodservice equipment market include Tupperware Brands, Electrolux, Middleby Corporation, Hoshizaki Electric Co., Libbey Inc., Cambro Manufacturing Company, Inc., Hobart Corporation Ltd., Dover Corporation, Rational AG, Manitowoc Foodservice Inc., Liebherr, Ali Group, Coreco, Duke Manufacturing Co. Inc., Infrico, Bizerba, Sirman, Micro Matic, , and, among others.

Jerri Hollinger
Sr. Content Writer At The Food Beverage News

Having a Master’s Degree in Brewing Technology and overall experience of 6 years in the field of writing, Jerri has been one of the most workaholic and dedicated team members of thefoodbeveragenews.com portal. She has been a part of this portal for 4 years now. Jerri started a career in writing with freelancing and the journey has been worth watching and appraising. She handles the Beverage Industry domain of the portal and along with her team provides all the vital and up-to-the-minute news and reports to the readers in a simple and comprehensible manner.

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