PUBLISHER: Grand View Research | PRODUCT CODE: 1321336
PUBLISHER: Grand View Research | PRODUCT CODE: 1321336
The North America fountain dispenser equipment market size was estimated to reach USD 1.21 billion in 2030, expanding at a CAGR of 5.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The ongoing development of technology is a key factor fueling the market for fountain dispenser equipment in the region. The abilities and functionality of fountain dispensers have been completely transformed by technological advancements, encouraging more businesses in the foodservice industry to adopt these equipment. The consumer experience has been greatly enhanced by these developments along with simplifying beverage operations.
Automated fountain dispensers dominated the North America market for fountain dispenser equipment in 2022. Automated fountain dispensing machines offer a convenient way for consumers to access a wide variety of beverages quickly and easily. These machines are often placed in high-traffic areas such as convenience stores, fast-food restaurants, movie theaters, and other public spaces, allowing customers to fill their own cups or containers with their preferred beverages.
In addition, for both consumers and businesses, automated fountain dispensing machines can offer cost savings. From the consumer perspective, self-serve beverages are often priced based on volume rather than a fixed price per drink, which can be more cost-effective, especially for individuals who prefer larger servings. For businesses, these machines can help reduce labor costs associated with manual beverage preparation and service.
The restaurants segment held the highest market share in 2022. In the region, quick-service, limited-service, and full-service restaurants are all adopting fountain dispensers to varying factors. Customers can self-serve by filling their own cups or glasses with their desired beverages using fountain dispensers. Moreover, fountain dispensers offer a wide range of beverage options, allowing restaurants to cater to diverse customer preferences. They can provide various flavors, including soda, iced tea, lemonade, and fruit-infused water, among others. This variety attracts customers seeking different choices and ensures that restaurants can accommodate various taste preferences.
The U.S. accounted for a significant market share in 2022. For several, fountain dispensers have been an integral part of American culture. The widespread use of fountain dispensers is owing to features including price, convenience, and the availability of a wide range of beverages. Consumer demands for convenient drinking options and personalized drinks have frequently fueled the need for fountain dispensers. Consumers in various business settings of restaurants find fountain dispensers appealing since they can mix several flavors, add ice or carbonation, and regulate portion quantity.
Major market players include The Coca-Cola Company; PepsiCo; FBD Partnership, LP; Lancer Worldwide; Manitowoc Ice; Keurig Dr Pepper Inc.; Cornelius; Multiplex; CELLI SPA; and Follett Products, LLC. Various steps are adopted by these companies including partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.