April 23, 2020
According to the research report titled ‘Global Soda Fountain Machines Market Research Report 2020’, available with Market Study Report LLC, worldwide soda fountain machines market size accounted for USD 1071.3 million as of 2020 and is expected to grow with a CAGR of 6.7% during the study period, hence amassing USD 1695.2 million by the year 2026.
For the record, soda fountain machine is a dispensing device which is used for carbonated drinks. Rising adoption of western lifestyle and growing millennial population have enhanced the consumption rate of carbonated drinks, which in turn is a major factor driving the growth of soda fountain machines industry. The equipment offers multiple flavors, syrups and concentrates for making soda. Soda fountain machines enables quick and controlled dispensing, while ensuring high profit margins and better operational efficiency. Additional factors such as increasing number of food outlets, rapid expansion of food industry and technological advancements are stimulating the market size.
As per product type, lever soda fountain machines market segment is expected to register significant growth during the projected timeframe. The machine is operated mechanically and allows for portion control which further helps in saving costs and improving production output. Rising adoption of lever soda fountain machines in quick service restaurants and growing demand for high performance dispensing solutions across food industry are contributing towards the segmental growth.
Based on the application spectrum, the others segment which comprises of utility areas, convenience stores, theatres and cafeterias, is presumed to expand substantially during the forecast period as the machine is affordable and available as countertop appliance. Consumer inclination towards recreational and entertainment activities is favoring the deployment of soda fountain machines across others segment.
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Considering the geographical landscape, soda fountain machines market in Asia-Pacific is predicted to witness lucrative growth rate through 2026. Flourishing food industry, growing population, rising per capita income and evolving consumer lifestyle are augmenting the regional demand.
Major contenders in soda fountain machines industry are Soda Parts, Real Beverage, Softy & Soda, Cool Star, Planet Soda Machine, Himalay Soda Fountain, Zikool, Manitowoc, Cornelius and Lancer among others.
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