Salad Vending Machine Market Size, Share, Growth, And Industry Analysis, By Type (Single specialized machines, Full line machines, and Robotic machines), By Application (Offices, School/Institutions, Airports/Railway stations, and Others), And Regional Forecast to 2027

Updated On: 11 September 2023

Report Overview

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The global Salad Vending Machine market size was USD 15.9 billion in 2021. As per our research, the market is expected to reach USD 15.18 billion by 2027, exhibiting a CAGR of 45.66% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the Salad Vending Machine market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.

The application for office buildings accounted for the biggest revenue share. The widespread use of salad vending machines in office buildings is due to their contribution to decreased food waste and increased operational effectiveness. Additionally, since they offer a professional appearance and feel, full-line salad vending machines have an aesthetic appeal that increases demand for them in office buildings.

Increasing demand for healthy and convenient food options. Rising awareness about the benefits of consuming salads. A growing number of health-conscious consumers. The proliferation of salad vending machines in workplaces and other public places. Innovative marketing strategies by key players. These factors are responsible for the growth in salad vending machines market share.

COVID-19 Impact

"Imposed Lockdown Significantly Affected the Global Market"

Practically every business has been impacted by COVID-19, a global public health emergency, and many end-use industries are projected to experience growth during the forecast period as a result of the long-term repercussions. The framework is broadened by this study to take into account key COVID-19 considerations and possible next actions. Insights on COVID-19 are provided in the report, taking into account shifts in consumer demand and behavior, shopping habits, supply chain rerouting, the dynamics of current market forces, and key government efforts.

Latest Trends

"Robotics to be a Great Product for Market Growth"

In salad vending machines, robotic devices are employed to take the role of people in a number of particular duties. These machines may carry out a number of tasks, including rinsing the salad containers, changing salads, and distributing dressing and other ingredients. The main goal of employing a robotic machine is to boost production by decreasing human errors made when operating a variety of machinery or equipment.

Segmentation

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●    By Type

According to type, the market can be segmented into Single specialized machines, Full line machines, and Robotic machines amongst which Single specialized machines is the leading segment.

●   By Application

Based on application, the market can be divided into Offices, School/Institutions, Airports/Railway stations, and Others amongst which Offices is the leading segment.

Driving Factors

"Increasing in the Use of Salad Vending Machine to Create Market Expansion "

Salads of all kinds are available from full-line vending machines. These often contain numerous sections for different salad elements. Robotic vending machines are the most recent design of salad vending machine. Salads are made by these using robotics. They outperform full-line machines in speed and accuracy. Due to expanding consumer buying power and high levels of disposable income in different countries, the retail area is anticipated to be one of the application segments with the fastest growth. Shopping centers throughout the world are rapidly implementing full-line salad dressing dispensing systems, which include robotic arms that can autonomously pour dressings without human interaction. These are factors which helps in salad vending machine market growth.

"Full-Line Machines To Amplify The Market Growth"

Beverages, cans, bottles, snacks, salads, candies & confections, tobacco products, and tickets are a few examples of the goods that are frequently sold by vending machines. The rapid and easy service that vending machines offer is mostly to blame for their rising popularity. The majority of the time, both indoors and outdoors, vending machines are positioned in busy pedestrian areas. They are excellent for usage in offices, retail settings, and public areas because they are simple to use. Market expansion for food and beverage vending machines in North America is being driven by these factors.

Restraining Factor

"High Installations Costs to Limit Market Growth"

On the other hand, the market for salad vending machines is constrained by the fact that all such salad vending machines are expensive pieces of machinery, and the fact that they incorporate a number of extra features enhances the whole cost, making them rather expensive. Additionally, the forecast period's low market growth due to the installed base, which has a decent shelf life, will result in end users buying fewer new devices. The market will thus become oversaturated. The slow expansion of the manufacturing sector in economically developed nations is another issue limiting the market for sorting machines' ability to grow.

Regional Insights

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"North America to Lead the Market Owing to a High Demand for Processed Foods"

 North America controlled the world salad vending machine market share. Over the forecast term, the region is anticipated to continue to rule. This expansion can be attributable to the rising demand for salad vending machines across a variety of application categories, including workplaces, malls, airports, and hospitals. Additional factors influencing the growth of the regional market include rising awareness of the need of eating a healthy diet and rising purchasing power.

Due to changing consumer tastes towards quick and easy food options at work or while traveling, as well as rising disposable income levels, the Asia Pacific is expected to have significant growth over the projection period. Over the following eight years, it is anticipated that significant market participants would increase their spending in expansion.

Key Industry Players

"Key Players Focus on Partnerships to Sustain in the Market"

Plastic sorters competitors make coalitions and collaborate to get a competitive advantage. By collaborating with other companies, they intend to capitalize on complementary strengths and broaden their market reach. Companies also invest in R&D to bring new and innovative products to market. Furthermore, major corporations are exploring mergers and acquisitions to broaden their product lines and strengthen their market position.

List of Market Players Profiled

• Farmer’s Fridge (U.S.)
• Continental Vending (California)
• Bicom (U.S.)
• Shake Salad (Singapore)
• Chowbotics (U.S.)

Report Coverage

The report's devoted part presents a detailed study of the impact of COVID-19 and its succeeding variant outbreaks on demand, supply, price, vendor uptake, and recommendations for long-term outcomes. The updated study contains insights, analyses, projections, and predictions for the plastic sorters market, considering the COVID-19 impact. The research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.