Beverage Dispenser Market Size, Share, Growth, Trends, and Global Industry Analysis: By Technology (Automated, Semi-Automated, Manual), By Product Type (Soft Drink/Cold Drink Dispenser, Water Dispenser, Juice Dispenser, Coffee/Tea Dispenser, Beer & Wine Dispenser ), By End-User (Hotel, Bar & Pub, Restaurants & Coffee shop, Theatres and Others) and Region Forecast 2019-2030

Beverage Dispenser Market size was valued at US$ 5.8 billion in 2023 and is poised to grow at a significant CAGR of 5.2% from 2024 to 2030. Beverage dispensers are the devices used to distribute a beverage or a drink into a container or glass. This device dispenses water, slush drinks, carbonated drinks, coffee, soft drinks, tea, etc. The market is expanding because of urbanization and the increased number of customers. Furthermore, the rising number of pubs, cafeterias, and restaurants is expected to boost the market for beverage dispenser equipment. On the other side, the market for beverage dispenser equipment is expected to be hampered by high equipment costs and maintenance costs over the forecast period.

The global market provides a detailed overview of the and that can be segmented by technology, by product type, and by the end user. By technology, the Beverage Dispensers Market has been segmented into Automated, Semi-Automated, and Manual. The Semi-Automated segment is likely to be the largest and fastest-growing segment in terms of technology. A semi-automatic machine does not have a pre-set time for drinks. With the use of these machines, workers can control the process and the amount of beverage to be given. This lets customers modify their drinks, which, along with cost-effectiveness, is the main element driving demand for semi-automatic equipment in the market growth. Based on Product type, the market is segmented into Soft Drink/Cold Drink Dispenser, Water Dispenser, Juice Dispenser, Coffee/Tea Dispenser, and Beer & Wine Dispenser. Among these, the Soft Drink/Cold Drink Dispenser segment is expected to have the fastest-growing market during the forecast period. A soft drink dispensing machine is a convenient and simple way to provide or vend soft drinks.

The australia soft drink dispensing devices are driven by electricity, serve carbonated soft drinks and soda, and are coin-operated or swipe cards. Based on the End user, the Beverage Dispensers Market is segmented into hotels, bars & pubs, Restaurants & Coffee shops, Theatres, and Others. The bars & pubs segment is expected to have a significant share in 2021. The rise of this segment is mainly because of the growing internet penetration and accessibility of several online food service applications; there is a growing demand for food delivery services that utilize beverage dispensers.

However, rising operational concerns about its control may eventually provide a new obstacle to the beverage dispenser equipment market's growth. Polycarbonate materials are used in the production of beverage dispensers. This material is very heat resistant, allowing for the creation of more robust and more durable containers while also allowing customers to see their contents. Fast food restaurants place a premium on expediency, which, along with rising consumer money, has increased yearly out-of-home spending on fast food. As a result of this demand, fast-food restaurants have grown up across the developing world. Due to the increased consumption of carbonated and healthy drinks in the population, the non-alcoholic segment has the most significant market share of more than 50%. It is predicted to grow at the fastest rate throughout the projection period.

Key Developments

• In April 2022, LANCER CORPORATION, a US subsidiary of Hoshizaki Corporation announced that the launch of a new counter electric beverage dispenser, the CED 400, , takes place in April 2022. This dispenser targets the Asian market based on the sales company, Lancer Shanghai Co. Ltd. which was established in Shanghai in April 2020
• In Sep 2021, Sweden's Dometic Group AB, a maker of accessories for motorhomes, caravans, and boats, said it had agreed to buy U.S. cooler giant Igloo Products Corp. for $677 million.
• In March 2021, Celli Group signed an agreement with Cornelius Beverage Technologies Ltd. To acquire a package of beer dispensing products