The global vending machine market is booming, expected to grow by 11.5% from 2022 to 2023. There’s no better time than now to own or start a vending machine business.
Of course, along with this growth, some changes are also taking place as the vending industry develops and responds to larger market trends. Certain products and practices are becoming more popular and trying them out is likely to provide a greater return on investment (ROI).
In this article, we’ll share the best items to sell in a vending machine in 2023, including the most popular snacks and drinks for vending machines. We’ll also discuss some larger vending machine market trends you should know about.
Top Vending Machine Products in 2023Below, we explore the best vending machine products to stock in 2023 in a variety of categories.
Snack and drink machines make up the largest share of the U.S. vending machine industry, and they’re continuing to go strong in 2023. Some of the most popular snacks for 2023 include
According to Grand View Research, the beverage retail vending machine segment dominated the industry in 2021, accounting for more than 43% of global revenue. The most popular beverages for 2023 include:
One of the biggest vending machine trends in 2023 is health and sustainability, with many consumers seeking out healthier options for food and drinks. Some of the best healthy vending machine products for 2023 include:
Specialty vending machines that sell items other than food and drink are one of the fastest-growing categories in the vending machine industry, making up 15.5% of US vending market share in 2021. Some trending specialty vending machine items for 2023 include:
In addition to certain products becoming more popular, there are also larger trends in the vending machine industry worth knowing about. These innovations can help a vending business improve the customer experience, increase sales, and optimize operations.
As our society continues to make the shift towards cashless, the vending machine industry has responded in kind. Today, 41% of Americans say none of their purchases in a typical week are paid for using cash. This means that, in order not to lose out on business, vending machines must keep up and offer cashless payment options.
VPOS Touch is an all-in-one device that accepts multiple popular and secure cashless payment methods, including debit and credit cards, mobile and https://www.nayax.com/solution/cashless-payment-solutionsNFC payments, and prepaid cards for closed environments. Another great vending machine card reader is Onyx, a contactless card reader that also accepts all the payment methods the VPOS Touch does except for contact credit and debit cart payments. It’s easy to retrofit onto any vending machine and comes with other advanced features such as inventory management, smart alerts, and analytics and reports. These card readers also come with marketing tools to help operators increase sales and improve customer retention.
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As we mentioned above, sustainability is a huge trend in the vending industry in 2023, following the general global move toward more responsible and eco-friendly business practices. Vending machine operators can enhance brand image and appeal to eco-conscious consumers through practices such as:
Of all of the specialty vending machine types, the beauty and personal care segment is one of the most popular. These machines are common in shopping malls, spas, airports, and beauty salons or barber shops. In 2023, demand is expected to increase for machines selling products such as:
The vending machine industry is growing year after year, presenting a great opportunity for entrepreneurs to start or expand their vending machine businesses. Above, we reviewed the best products to stock in vending machines in 2023, including snacks, beverages, healthy vending products, and specialty vending machine items.
We also discussed larger trends in the vending machine industry, such as the shift towards cashless payments and the increased focus on sustainability and eco-friendliness. Entrepreneurs who stay up-to-date with these trends and offer products and services that meet the evolving needs and expectations of consumers can maximize their chances of success in the vending machine industry.
Want to learn more about how you can stay on top of trends with our technological solutions? Contact Nayax today.
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