The global soft drink dispensers market is expected to post a CAGR of
close to 4% during the period 2019-2023, according to the latest market
research report by Technavio.
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The global soft drink dispensers market will post a CAGR of close to 4% during the period 2019-2023 (Graphic: Business Wire)
Soft drink dispensers are available with both single valve and multi
valves. With the use of soft drink dispensers with multiple valves,
end-users can provide numerous varieties of soft drinks to the consumers
rapidly. This also helps food service establishments expand their
offerings. These factors would accelerate the growth momentum of the
market during the forecast period.
As per Technavio, the development of soft drink dispensers with improved
connectivity options will have a positive impact on the market and
contribute to its growth significantly over the forecast period. This global
soft drink dispensers market 2019-2023 research report
also analyzes other important trends and market drivers that will affect
market growth over 2019-2023.
Global soft drink dispensers market: Increasing
focus by vendors on developing soft drink dispensers with improved
connectivity options
Vendors in the soft drink dispensers market are developing new models
with advanced features to cater to the needs of end-users including food
service establishments, amusement parks, theaters, and others. These
end-users are interested in investing in equipment that improves the
consumer experience. For instance, THE COCA-COLA COMPANY is planning to
introduce a new soft drink dispenser model; Freestyle 9100, that will
feature an innovative touch screen and Bluetooth connectivity. The
Bluetooth connectivity in the equipment will allow the consumers to
connect to the Freestyle mobile application while entering the outlet,
which helps them in selecting their soft drinks without the need to
queue up in front of the soft drink dispenser. This increasing focus on
launching products with improved connectivity options will accelerate
the growth momentum of the global soft drink dispenser market during the
forecast period.
“Soft drink dispensers offer several benefits to end-users in terms
of reducing waste and saving space. Soft drink dispensers can help
reduce the use of cans and bottles, which aids in minimizing plastic
waste creation and eventually reducing adverse environmental impact. The
soft drink dispensers also offer an ideal way to save space in food
service establishments. These factors will trigger the demand for soft
drink dispensers during the forecast period,” says a senior analyst
at Technavio.
Global soft drink dispensers market:
Segmentation analysis
This market research report segments the global soft drink dispensers
market by placement (drop-in soft drink dispensers and countertop soft
drink dispensers) and geography (APAC, Europe, MEA, North America, and
South America).
The drop-in soft drink dispensers segment held the largest soft drink
dispensers market share in 2018. The drop-in soft drink dispensers can
be installed in gaps between countertops, which creates ample space for
operations in food service establishments. As a result, they are
currently the most preferred soft drink dispensers in the market.
North America led the market in 2018 with a market share of more than
32%, followed by Europe, APAC, South America and MEA respectively.
Although the APAC region held a market share less than North America in
2018, it is expected to register the highest incremental growth during
the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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View source version on businesswire.com: https://www.businesswire.com/news/home/20190415005369/en/