The hot food vending machine market in the U.S. and Canada is anticipated to achieve a valuation of US$ 4,179.5 million in 2022, with projections indicating a substantial rise to US$ 7,832.6 million by 2031. Sales of hot food vending machines within this region experienced a notable Compound Annual Growth Rate (CAGR) of 7.2% from 2022 to 2031. These statistics underscore the growing demand for convenient and accessible food options, driven by changing consumer lifestyles and preferences. As the market continues to expand, manufacturers and operators have opportunities to innovate and cater to evolving consumer needs.
Increasing number of self-checkout kiosk coupled with convenient payment options is boosting the demand for hot food vending machine in the U.S. and Canada. Need for fresh and hot food due to improved and hectic lifestyle will drive the demand in the market.
Furthermore, strong U.S. economy and adoption of smart hot food vending machines in the corporate sector across the U.S. and Canada will propel the sales in the market. By creating inviting spaces for their employees to enjoy their snacks or meals, employers can increase the amount of time their workforce spends in the office. Such factors are contributing towards the growth of the hot food vending machines in the U.S. and Canada.
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Key Takeaways from the U.S. and Canada Hot Food Vending Machine Market Study
- Under the food type, ready meat is leading in terms of revenue followed by high preference of consumers for sandwiches and burgers securing the second and third place, respectively.
- Steel-made vending machines are highly recommended among manufacturers and operators because of their high strength and resistance properties therefore, highly contributing to the U.S. and Canada hot food vending machine market.
- As per analysis, hospitals & clinics areas are anticipated to grow at a significant rate in the U.S. and Canada hot food vending machine industry.
- Based on application, airports & railways stations segment is likely to witness growth owing to the growing number of travellers across the U.S. and Canada.
Who is winning?
Leading manufacturers of U.S. and Canada hot food vending machine are focused on aggressive promotional strategies and advertisements that have driven sales growth in U.S. and Canada hot food vending machine market.
Major players present in the U.S. and Canada hot food vending machine market are
- Ausbox Group
- ALe Bread Xpress INC
- Basil Street Café
- FastCorp Vending LLC
- INTEGRA D.O.O.
- Let’s Pizza
- QMBOX
- Digital Media Vending International, LLC
- Kratom Crazy Sprinkles
- Burrito Box
- Farmer’s Fridge
- Berdoll Pecan
- Others
- Others (on request)
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Market by Category
By Food Type
- Sandwiches
- Pizza
- Burgers
- Hot Dogs
- Pack Soup
- Ready Meat
- Steam Products
- French Fries
- Others
By Capacity
- Below 100 Units
- 100-150 Units
- 150 and Above Units
By Material Type
- Steel
- Aluminum
- Others
By Application
- Hospitals & Clinics
- Hotels & Restaurants
- Malls & Retail Stores
- Airports & Railways Stations
- Corporates & Offices
- Academic Institutions
- Hypermarkets/Supermarkets
- Food Service Companies/Operators
- Others
By Country
- U.S.
- Canada
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
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