The global food and beverage vending machine market is anticipated to grow at a CAGR of 12% during the forecast period (2022-2028). With the intervention of technology such as IoT, food and beverage vending machines are becoming smarter. Rising R&D has led to the introduction of intelligent vending machines which is propelling the growth of the global food and beverage vending machine market. Manufacturers in the industry are focusing on launching internet of things (IoT)-based vending machines which enable real-time data collection. Accordingly, with IoT-based solutions, it has become more convenient to gather data on consumer experience and deliver an enhanced consumer shopping experience.
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Constant innovations and technological developments, such as voice recognition, interactive display with touch screens, image animations, and big data integration, have made it more user-friendly for consumers, thereby supporting the market growth. For instance, in 2022, Selecta Group announced a new strategic partnership with Mars Wrigley, a treats and snacks giant. Together, the companies will introduce a new generation of intelligent vending machines with user-friendly touchscreens, detailed product information, as well as smart and modern payment processing. The new vending machine features 48-inch touchscreens, video advertising, remote planogram updates and image animations. In addition, consumers can access and purchase multiple products in a single transaction and receive personalized product suggestions.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Food and Beverage Vending Machine Market Report by Segment
By Product Type
- Beverage Vending Machine
- Food Vending Machine
By Payment Mode
- Cash
- Cashless
Application
- Corporate
- Public infrastructure
- Retail Stores
- Others
Global Food and Beverage Vending Machine Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global food and beverage vending machine market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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