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Foodservice supply association predicts 4.1% growth in 2015

MAFSI representatives are forecasting growth of 4.1 percent for 2015 over 2014, inline with the growth forecast for GDP.

December 10, 2014

The Manufacturers’ Agents Association for the Foodservice Industry has released its 2015 Commercial Foodservice Market Forecast; a member-sourced report compiling intelligence from the sales and marketing agencies in the foodservice equipment industry in the US and Canada.

MAFSI representatives are forecasting growth of 4.1 percent for 2015 over 2014. Growth is expected across all regions of North America and all product segments (equipment, supplies, tabletop, and furnishings) including equipment sub-categories (primary cooking equipment, refrigeration and ice machines, storage and handling equipment, food preparation equipment, serving equipment, warewashing and sanitation equipment and ventilation).

Sales are forecast to be the strongest in the Western region of the U.S., up 4.8 percent over 2014. Other regions: the Northeast is forecasted at 4.1 percent, Midwest at 4.6 percent, South at 4.0 percent, and Canada at 3.4 percent.

By major product category, representatives forecast equipment at 4.1 percent, supplies at 4.7 percent, tabletop at 4.3 percent, and furnishings at 3.1 percent.

By equipment sub-categories, representatives forecast primary cooking equipment at 4.2 percent, refrigeration and ice machines at 4.8 percent, storage & handling equipment at 4.0 percent, food preparation equipment at 4.3 percent, serving equipment at 4.0 percent, warewashing & sanitation equipment at 3.9 percent and ventilation at 3.9 percent for 2015 over 2014.

The MAFSI Commercial Foodservice Market Forecast remains in line with the overall state of the US economy, according to a release from the association. Overall GPD is forecasted to grow at 4.1 percent.