Fountain Machine Market Anticipates Outshining by USD 2.19 BN BY 2026
Posted On June 17, 2020
Value Market Research has conducted a research on the Global Fountain Machine Market in which it is expected to grow in the coming years from USD 1.85 BN in 2019 to USD 2.19 BN by 2026 at a CAGR of 2.5% during 2020-2026. Fountain machine is emerging as a popular and attractive market. The soft drinks sector represents a highly dynamic space for growth as consumers are moving towards more sustainable alternatives. According to the United States Department of Agriculture (USDA), the per capita soft-drink consumption has increased by almost 500% over the past five decades. This is due to shifting consumer preferences for products that delivers energy and help curb hectic lifestyles without compromising on health. The market will show the same trend in the coming years. Producers through these machines are supporting environmental causes and improve brand image and resonate with ethically-conscious consumers. Fountain machine offer high-profit margins, quick and fast dispensing, and a wide variety of flavour syrup concentrate offerings for soft drinks are some of the benefits boosting the market growth. However, the absence of tidiness brings the threat of contamination in the beverage which may restrain the market growth.
Fountain machine also known as soda machine is a kind of vending machine that dispenses carbonated soft drinks. They are found in restaurants, concession stands, and other locations such as convenience stores. The machine combines flavored syrup or syrup concentrate and carbon dioxide with chilled and purified water to make soft drinks. The machine comes with five or more carbonated flavors, one non-carbonated, and one ice-cold soda water, and Ice Water. It is widely adopted at cafeterias, convenience stores, theatres, and other utility areas.
The study "Global Fountain Machine Market Report By Type (Drop-In Fountain Machine And Tower Fountain Machine), Application (Restaurant, Cinema And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers key market statistics with regional segmentation. The data collected by primary and secondary sources, is analyzed by industry experts along with the considerations to the economic and political factors. The study digs deep to identify the market drivers, restraints, opportunities and threats in the near future.
On the basis of type the fountain machine market is segmented into drop-in fountain machine and tower fountain machine. By application the market is segmented into restaurant, cinema and others.
The regions covered in the market study are North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. This section throws light on the geographical spread of revenue and/or volume of the fountain machine market.
The Report Segments Global Fountain Machine Market -
- Drop-In Fountain Machine
- Tower Fountain Machine
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Cool Star, Cornelius, Himalay Soda Fountain, Lancer, Manitowoc, Planet Soda Machine, Softy and Soda and Zikool.
Download the FREE SAMPLE of Global Fountain Machine Market Research Report
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