Global vending machine market growing

The increasing use of vending machines is spurring global market growth. Research firm Technavio said the market size for food and beverage vending machines will grow by US$1.84 billion between 2021 and 2026.
Data showed that the rapidly changing lifestyles of consumers are making vending machines more popular. More schools and offices worldwide are installing food and beverage vending machines, driving more growth. Technavio said the highest number of vending machines globally per capita is in Japan, which will increase in the future. Meantime in the US, the number of vending machines is rising. Junk food dominates American vending machines owing to the demand for salty and sugary fast food among consumers. Reports indicate that North America will be the leading region with 37% of the market's growth during the forecast period. The US is the critical market for vending machine food and beverages in North America.
However, there are also some setbacks. For example, the bans and restrictions on installing vending machines in countries such as France and Hong Kong are challenging the global market growth. For instance, in January 2017, France banned refills of sodas and other sugary drinks by restaurants to reduce the obesity rate among consumers, Technavio said. In November 2017, Hong Kong banned the sale of bottled water from all newly installed vending machines placed on government premises. The research firm said such factors would limit the market during the forecast period.

(Image from Unsplash)

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