Global Food Service Equipment Market- By Product Type, By End User, By Region, By Country: Trends, Opportunities and Forecast( 2011-2021)
Global Food Service Equipment Market- By Product Type, By End User, By Region, By Country: Trends, Opportunities and Forecast( 2011-2021)
The strong growth in food Service Equipment market is driven by rise in per capita disposable consumer income, lower unemployment rate, need to replace or upgrade existing equipment and growing concern towards food safety and health.
Refrigeration & Ice Machine Equipment hold the major percentage share in the total market and is also the fastest growing segment. Among the regions, North America holds the largest market share mainly due to well established foodservice industry and restaurants there demanding more energy efficient and technologically advanced equipment. However, APAC is expected to grow at a faster pace during forecasted period.
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