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SAN FRANCISCO, Feb. 23, 2021 /PRNewswire/ -- The global food service equipment market size is estimated
to reach USD 50.01 billion by 2028, according to a new report by Grand View Research, Inc. It is projected
to expand at an estimated CAGR of 5.5% from 2021 to 2028. The increasing trade activities in the food and beverage industry, upsurge in travel and tourism activities, changing food consumption habits, and rise in disposable incomes are some of the key factors driving the growth of this market.
Key suggestions from the report:
In terms of geography, Asia Pacific is estimated to emerge as the fastest-growing regional market with a CAGR of close to 7.0% from 2021 to 2028