Food Display Cabinet Market is Anticipated to Witness High Growth Owing to Growing Demand for Energy Efficient and Energy Saving Solutions

Food Display Cabinet Market is Anticipated to Witness High Growth Owing to Growing Demand for Energy Efficient and Energy Saving Solutions

Food display cabinets are commonly used by restaurants, cafes, hotels and other foodservice establishments to store and display cooked or ready-to-eat food items at optimized temperatures until serving. They help keep food at safe temperatures to avoid bacterial growth and allow for longer holding times. The need for energy efficient food display solutions that eliminate the need for frequent rethermalization is driving increased adoption of these cabinets.

The Global food display cabinet market is estimated to be valued at US$ 41.83 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Food Display Cabinet market are Carrier Global Corporation, Hatco Corp, The Vollrath Co. LLC., True Manufacturing Co Inc, Hoshizaki Corp, Alto-Shaam Inc., FRIGOGLASS S.A.I.C, The Middleby Corp, Kitchenrama, Kareliya equipments, Thermodyne, TFSE Products, Luminati, Tefcold, Al Razana kitchen. Carrier Global Corporation and Alto-Shaam Inc. together command around 30% share of the global market.

The growing demand for foodservice establishments such as hotels, restaurants and cafes is opening up opportunities for business expansion for Food Display Cabinets Market Size . The market is witnessing capacity expansion as well as new product launches catering to niche applications.

North America currently represents the largest regional market. However, players are focusing on expanding their footprint in developing regions of Asia Pacific and Latin America where the foodservice sector is growing rapidly. Partnerships with local distributors are helping global players to strengthen their presence outside developed markets.

Market Drivers

Growing demand for energy efficient and eco-friendly solutions: The increasing demand for energy saving kitchen appliances is a major driver for food display cabinets market. These cabinets reduce energy consumption by keeping food at optimal temperature with minimum heat loss.

Rising number of foodservice outlets: Rapid urbanization and changing consumer lifestyles are fueling the growth of foodservice industry globally. The increasing number of restaurants, hotels and cafes is driving significant demand for commercial food display solutions.

Market Restraints

High initial purchasing cost: Food display cabinets suited for commercial use come at a significantly higher price compared to traditional food warming methods like steam tables. The higher costs restrain widespread adoption, especially in price sensitive developing markets.

Lack of standardization: The absence of globally harmonized testing methods and energy efficiency standards for food display equipment pose challenges for manufacturers for global market compliance and expansion. This acts as a restraint for increased overseas trade of these products.

Segment Analysis
Refrigerated display cases subsegment dominates food display cabinet market due to growing number of organized retail stores and supermarkets. Refrigerated display cases segment is projected to cross US$17bn by 2031. It allows storing and displaying fresh food items at desired temperature hence ideal for storing fresh meat, seafood, dairy products, fruits, and vegetables, making it most preferred category.

Global Analysis
North America region accounts for over 30% share in global food display cabinet market and is expected to witness highest CAGR of 9% during forecast period. Growth in USA and Canada can be attributed to increasing retail sector, inclination towards convenient and healthy food choices, and rising number of food chains and restaurants. Asia Pacific region is projected to grow at 8% CAGR owing to expanding population, improving living standards, and rapid urbanization in countries like China, India. Rising number of food joints and supermarkets along with growing appetite for international cuisine accelerate demand in Asia Pacific region.

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