Food Service Equipment Market Size Worth USD 78.62 Billion by 2034 | CAGR: 6.2%

The food service equipment market size is expected to reach USD 78.62 billion by 2034, according to a new study by Polaris Market Research. The report “Food Service Equipment Market Share, Size, Trends, Industry Analysis Report: By Equipment, Sales Channel (Online and Offline), End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing adoption of energy-efficient technologies in the food service equipment market is attributed to the rising demand for sustainable operations and cost management. Businesses are increasingly turning to equipment that reduces power consumption without compromising performance with energy costs forming a part of operational expenses in the foodservice industry. Governments and organizations worldwide are also introducing stringent energy efficiency regulations, further encouraging this shift. Energy-efficient appliances, such as induction cooktops and smart refrigerators, reduce environmental impact and also offer long-term savings through lower utility bills. Additionally, advancements in inverter technologies and IoT-enabled monitoring systems ensure optimal performance and maintenance, making energy-efficient equipment a strategic choice for commercial kitchens.

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The trend of modular and compact designs in the food service equipment market is driven by the increasing need to optimize space in commercial kitchens, especially in urban settings where space is a premium. Modular equipment allows businesses to customize their kitchen layout to suit specific workflows, improving efficiency and flexibility. Compact designs, on the other hand, cater to small and mid-sized establishments that operate within space-constrained environments. The demand for open and multi-functional kitchens also fuels this trend, as compact and modular systems seamlessly integrate into various configurations. These designs enhance space utilization and simplify cleaning and maintenance, aligning with the industry's focus on operational efficiency and hygiene standards.

Top of FormFood Service Equipment Market Report Highlights

• In terms of sales channel, The offline segment held a larger share of the food service equipment market revenue in 2024, driven by the preference of restaurants, hotels, and catering services for hands-on evaluation and live demonstrations of equipment.
• By equipment, the food preparation equipment segment is expected to experience the fastest growth in the food service equipment market, fueled by the rising need for efficiency and consistency in food preparation.
• Asia Pacific led the food service equipment market share in 2024, supported by its rapidly growing urban population and a rising middle class with increasing disposable incomes.
• The North America food service equipment market is projected to witness the fastest growth during the forecast period, attributed to the region's focus on adopting innovative and energy-efficient kitchen technologies.
• A few global key market players include Welbilt Inc; The Middleby Corporation; Standex International Corporation; Dover Corporation; FUJIMAK CORPORATION; The Vollrath Company, LLC; Haier Group; Ali Group S.r.l; LG Electronics; Panasonic Corporation; Samsung; Duke Manufacturing; and ACP Inc., Iowa.

Polaris Market Research has segmented the food service equipment market report on the basis of equipment, sales channel, end user, and region:

By Equipment Outlook (Revenue, USD Billion, 2020–2034)

• Food Preparation Equipment
  • Slicers & Peelers
  • Mixers & Grinders
  • Food Blenders
  • Processors
  • Others
• Drink Preparation Equipment
  • Drink Blenders
  • Juicers
  • Ice Crushers
  • Others
• Cooking Equipment
  • Grills
  • Fryers
  • Toasters
  • Others
• Warming & Holding Equipment
  • Warmer
  • Merchandizers
  • Sauce Dispensers
• Refrigerators
• Dishwashers

By Sales Channel Outlook (Revenue, USD Billion, 2020–2034)

• Online
• Offline

By End User Outlook (Revenue, USD Billion, 2020–2034)

• Full-Service Restaurant (FSR)
• Quick Service Restaurant (QSR)
• Hotels & Pub Bar Clubs
• Others (General & Retail Stores)

 By Regional Outlook (Revenue, USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Vietnam
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Food Service Equipment Market Report Scope