Ongoing inventions in the food industry have impelled consumers towards the adoption of easily accessible and ready-to-eat food products. As a result of this, the deployment of vending machines in hospitals, universities, schools, shopping malls, workplaces, and various other public places has substantially increased over the past few years.
However, due to rising health awareness among consumers, the demand for machines in public places vending healthy food products has significantly increased. Previously, companies manufacturing and dealing in food vending machines focused only on fast foods. But due to the rising demand for healthy food products, they are aiming at deploying fresh and healthy food vending machines in several public areas. To help consumers manage a healthy diet, vending machines providing food products such as fresh vegetables, chicken, eggs, and meal-sized salads have been deployed by vendors across public places.
The report provides an in-depth analysis of the key segments and sub-segments of the global fresh food vending machines market. It presents an insight into the various technological advancements taking place for the development of high-end vending machines. The study further provides details about the initiatives taken by governments of several countries for the deployment of fresh food vending machines in public areas. The study also projects the volume and revenue growth of the global fresh food vending machines market along with the historical growth trail, present market scenario, and opportunities present for manufacturers to capitalize on in the future.
Overview of the Global Food Vending Machines Market
The global market for fresh food vending machines is expected to grow at a significant rate owing to the rising demand for easily accessible healthy food products from consumers. Additionally, technological advancements have paved way for the development of smart vending machines incorporated with LCD touchscreens and payment through cards and mobile phones and tablets. Near field communication (NFC) technology is likely to provide opportunities to manufacturers to develop fresh food vending machines with enhanced consumer engagement over the forthcoming years.
However, the high initial cost of fresh food vending machines along with their expensive operational and maintenance cost is anticipated to pose a threat to the progress of the market. Problems related to the availability of a proper location for installing fresh food vending machines are further expected to inhibit the growth of the market due to budget constraints. Furthermore, the safety of vending machines against vandalism of food and money is a factor that is likely to act as a hindrance in the progress of the market.
Food vending machines that serve cold and hot food products such as desserts, meals, salads, fruits, and fast foods such as pizza are likely to gain popularity over the next couple of years. Geographically, the report segments the global fresh food vending machines market into Latin America, North America, Western and Eastern Europe, Asia Pacific, and the Middle East and Africa.
Companies Mentioned in the Report
The study also presents information about the various strategies implemented by the leading companies operating in the global fresh food vending machines market coupled with details about their products and shares in the market. The key companies in the market are N&W Global Vending S.p.A., HUMAN Healthy Vending LLC., Advantage Food & Beverage, Fresh Healthy Vending International Inc., Biocom Vending, and Canteen Vending.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.