Food Service Equipment Market Trends and Future Prospects

Thursday, 4 April 2024, 11:07
The global market for food service equipment is expected to reach $49.2 billion by 2030, with a significant growth rate of 5.5% annually. The adoption of IoT technology and the emergence of smart appliances like ovens and cook & hold ovens are driving the market forward, revolutionizing the food service industry.
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Food Service Equipment Market Trends and Future Prospects

Food Service Equipment Market

Dublin, April 04, 2024 (GLOBE NEWSWIRE) -- The 'Food Service Equipment - Global Strategic Business Report' indicates a positive outlook for the global food service equipment market, with a projected growth from US$32 billion in 2023 to US$49.2 billion by 2030.

  • Market Growth: The market is set to grow at a CAGR of 5.5% over the analysis period, presenting lucrative opportunities for investors.
  • Technological Advancements: IoT technology is playing a key role in transforming the food service industry, with smart appliances such as ovens and cook & hold ovens gaining prominence.
  • Strategic Report: ResearchAndMarkets.com offers insights into the future trends and strategies shaping the global food service equipment market.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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