The Indian Vending Machine Industry: Market size and Types
The Indian vending machine industry is experiencing a delicious boom. With a growing young population, a constantly on-the-go lifestyle, and increasing urbanization, the demand for convenient and quick access to snacks and drinks is skyrocketing. This presents a golden opportunity for entrepreneurs to enter the Indian vending machine industry . The Indian Vending Machine Industry: A Market Ripe for the Picking The Indian vending machine industry is estimated to be worth around ₹ 15,000 crore (US$2.1 billion) and is projected to grow at a CAGR (Compound Annual Growth Rate) of 20% over the next five years [source: Ken Research ]. This translates to a massive potential for new players. There's a simple reason behind this growth: under-penetration . Compared to developed countries, India has a significantly lower vending machine density. With over 65 lakh (6.5 million) potential locations across 500+ cities , including workplaces, educational institutions, hospitals, and publi