Food Service Equipment Market to Reach $74.4 billion, Globally, by 2035 at 6.3% CAGR: Allied Market Research [Yahoo! Finance]
Dover Corporation (DOV)
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Source: Yahoo! Finance
Moreover, the rapid technological advancement in the food industry has led to a change in dynamics and made it easier for both customers and organizers to organize the market smoothly. Wilmington, Delaware, May 08, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Food Service Equipment Market by Product (Cooking Equipment, Storage and Handling Equipment, Warewashing Equipment, Food and Beverage Preparation Equipment, and Serving Equipment) and End Use (Full-Service Restaurants and Hotels, Quick-service Restaurants and Pubs, and Catering): Global Opportunity Analysis and Industry Forecast, 2024-2035" . According to the report, the "food service equipment market" was valued at $35.8 billion in 2023, and is estimated to reach $74.4 billion by 2035, growing at a CAGR of 6.3% from 2024 to 2035. Food service equipment encompasses a diverse array of tools, appliances, and machinery essential for the preparation, cooking, storage, and serving of food and beverag
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