The Food & Beverage Vending Machines Market in India, Forecast to 2023 - Healthy Eating & Remote Management Trends are Expected to Drive the Market - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 16, 2019--
The “Indian Food and Beverage Vending Machines Market, Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
In India, it has been observed that vending machines have continued to have an insignificant presence for retail purchases; most vending machines operating in the country are being used for institutional sales.
Therefore, the vending industry in India has a long way to cover to register optimal profits and revenue; it is estimated that only when the number of vending machines across India is multiplied exponentially year after year, will the vending industry show some consistency in growth followed by further developments in the future.
Towards this end, the Airports Authority of India has supported the installation of vending machines in India to offer convenience to consumers. Moreover, the Indian government has also assisted by supporting the installation and maintenance of vending machines in metropolitan cities such as including Delhi, Mumbai and Bangalore.
The Indian food and beverage vending market is still at a nascent stage. However, the growth in this market will be driven by the growth in organized retailing in malls and multiplexes, BPOs, IT and ITES sectors. Food vending machines available in India are cold beverages vending machines, snacks vending machines, combined vending machines, and others.
Approximately 88% of the market is occupied by the snack and beverage combination vending machines. The largest share of food and beverage vending machines comes from the corporate sector, while the healthcare sector is likely to grow rapidly at a CAGR of 15% during the forecast period. Continuous investment in public infrastructure and growth in organized retail are likely to drive the demand of vending machines in the end-user segments.
End-user Segments Covered
Key Issues Addressed
1. Executive Summary
2. Market Overview
3. Market Drivers and Restraints
4. Market Forecast
5. Key Competitors
6. Growth Opportunities and Companies to Action
7. The Last Word
For more information about this report visit https://www.researchandmarkets.com/r/qbk7iy
View source version on businesswire.com:https://www.businesswire.com/news/home/20190516005641/en/
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Related Topics:Food and Beverage,Vending Machines
KEYWORD: ASIA PACIFIC INDIA
INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/16/2019 09:25 AM/DISC: 05/16/2019 09:25 AM