Food Service Equipment Market To Reach $71.12 Billion By 2033

January 2026 | Report Format: Electronic (PDF)

Food Service Equipment Market Growth & Trends

The global food service equipment market size is estimated to reach USD 71.12 billion by 2033, expanding at a CAGR of 7.0% from 2026 to 2033, according to a new report by Grand View Research, Inc. The increasing trade activities in the food & beverage industry, upsurge in travel & tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.

Equipment manufacturers are focusing on mergers & acquisitions to introduce state-of-the-art product offerings for attaining a competitive edge in the market. For instance, in 2019, SMEG S.p.A collaborated with Dolce & Gabbana S.r.l. for special styling of Fab28 SMEG refrigerator, which was encouraged by old Sicilian art. This collaboration was aimed at developing products in captivating designs consumers would like to incorporate in their modular, open commercial kitchen spaces.

The pressing need to conserve energy has compelled manufacturers to focus on the development of energy-efficient appliances for commercial kitchens. Appliances are being integrated with bidirectional Internet of Things (IoT) connectivity. These connected appliances can automatically alert kitchen staff to increase preparation uptime. Additionally, the increasing number of restaurants across the globe is also driving the market. As per the National Restaurant Association, the U.S region itself accounts for more than 1 million restaurants of different kinds and sizes.

The COVID-19 pandemic and the subsequent lockdowns imposed by governments worldwide to minimize its communal spread at the beginning of 2020 had a substantial negative impact on the market. Various industries such as food & beverage, travel & tourism, and hospitality have been severely impacted by the temporary shutdown of manufacturing units, transportation, and logistic operations. Relaxations announced by several governments in the mid of 2020 led to the gradual increase in the online delivery business and take away from restaurants & hotels, resulting in some recovery of the food & beverage industry.

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Food Service Equipment Market Report Highlights

The kitchen purpose equipment segment dominated the market and accounted for a revenue share of 41.1% in 2025.

FSR (Full Service Restaurant) led the market and accounted for a revenue share of 43.0% in 2025 due to the emergence of digital dining trends
The offline sector dominated the market and accounted for a revenue share of 68.7% in 2025, driven by the strong market capture of brick & mortar retailers across the global food service equipment industry
The online sector is expected to grow at the fastest CAGR of 7.3% over the forecast period, aided by the major key players' increasing introduction of online retailing to customers
Asia Pacific food service equipment market dominated the global market and accounted for the largest revenue share of 37.4% in 2025

Food Service Equipment Market Segmentation

Grand View Research has segmented the global food service equipment market based on type, end use, sales channel, and region:

Food Service Equipment Type Outlook (Revenue, USD Billion, 2021 - 2033)

Kitchen Purpose Equipment
- Cooking Equipment
  - Grills
  - Fryers
  - Ovens
  - Toasters
  - Others
- Food & Beverage Preparation Equipment
  - Slicers & Peelers
  - Mixers & Grinders
  - Blenders
  - Juicers
  - Ice Crushers
  - Others
Refrigeration Equipment
Ware Washing Equipment
Food Holding & Storing Equipment
Others