Recent innovations in food dispensing systems have transformed perceptions of food vending machines, propelling the United States and Canada hot food vending machine industry towards a remarkable valuation of USD 4,808.5 million in 2024.
This trend, coupled with the emergence of hot food vending machine chains, is poised to drive the industry’s growth at a CAGR of 6.60% through 2034, with the industry projected to exceed USD 9,107.1 million by the end of the forecast period.
Convenience and on-the-go consumption habits of office-goers and millennials have also pushed food outlet chains to adopt these machines. The demand for these machines in the hospitality sector is also increasing because of the self-service options and the desire for immediate access to food and beverages.
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“There is a lot of scope for healthy food options in this industry. Players involved in the manufacturing of these machines can tailor it for curating healthy snacks and beverages. This will align with the ongoing trend of health-conscious dietary habits of people in this region”, opines an FMI analyst.
Key Takeaways from the Industry Study
- The steel segment dominates the United States and Canada hot food vending machine industry with a share of 64.60% in 2024.
- Based on capacity, the 100-150 units segment leads the United States and Canada hot food vending machine industry with a share of 47.90% in 2024.
- The hot food vending machine industry in the United States is anticipated to develop at a CAGR of 6.60% through 2034.
- The hot food vending machine industry in Canada is estimated to rise at 8.80% CAGR through 2034.
Competitive Landscape
Companies in the United States and Canada are continuously devising new strategies and product offerings to increase the number of vending machine operators.
- The industry is integrating new technologies and mechanisms to simplify the process of curating a healthy meal from a vending machine.
- Many companies manufacturing hot food vending machines are prioritizing sustainable disposal of cutlery and waste.
- The industry is committed to enhancing customer experience by offering a wide variety of food choices and implementing user-friendly interfaces in vending machines.
- There is a growing trend towards adding healthier food options, such as fresh fruits, salads, and protein bars, to vending machines.
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Recent Developments:
- Wow Bao, a popular restaurant chain, has recently partnered with Automated Retail Technologies to introduce its new Just Baked Hot Food kiosks. The company has already launched 50 kiosks across 24 cities, offering its customers a variety of their favorite dishes, including Teriyaki Bao and Chicken Dumplings. The new kiosks have been a great success, and Wow Bao plans to extend its reach across the United States and Canada by the end of 2023.
- In September of 2023, Subway launched its “Grab & Go” smart fridge, which uses AI technology to vend fresh sandwiches via vending machines. The aim of this innovation is to enhance customer convenience and safety by providing contactless transactions while also ensuring food quality through UV-C light sanitation after purchases.
Country-wise Insights
| Countries | CAGR (2024 to 2034) |
|---|---|
| Canada | 8.80% |
| United States | 6.60% |
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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)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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