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The commercial thawing cabinets market share is expected to increase by USD 27.65 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.81%.
This commercial thawing cabinets market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial thawing cabinets market segmentation by application (single door and double door) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The commercial thawing cabinets market report also offers information on several market vendors, including Cision Ltd., Cospolich, Darwin Chambers Co. LLC, Electrolux Professional AB, Foster Refrigerator, Friulinox Ali Group Srl, Humboldt Mfg. Co., Ipinium AB, Kometos Oy, Loipart AB, POLARIS ALI Group Srl, and Williams Refrigeration among others.
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The increasing demand for processed meats is notably driving the commercial thawing cabinets market growth, although factors such as the negative impact of frozen and processed foods may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the commercial thawing cabinets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Commercial Thawing Cabinets Market Driver
The increasing demand for processed meats is one of the major drivers impacting the commercial thawing cabinets market growth. Food manufacturers are innovating and adopting new strategies (according to the business environment) to introduce different flavors, bite-size servings, and varieties of meat, cheese, crackers, crisps, and nuts in the market and, thereby, increase their sales. Thus, the launch of different forms and varieties of processed red meat is expected to increase its demand globally. Moreover, since thawing cabinets are used for thawing large slabs of meats such as beef meat, pork, and others, the growing demand for processed and frozen meat will drive the growth of the global commercial thawing cabinet market during the forecast period.
Key Commercial Thawing Cabinets Market Trend
Increasing adoption of smart commercial thawing cabinets is one of the major trends influencing the commercial thawing cabinets market growth. The smart commercial thawing cabinets market is registering consistent growth because of the increasing demand for frozen foods such as frozen meats and others and increased interest in smart connected appliances. Manufacturers of smart commercial thawing cabinets are funding application developers and startups to improve their technologies. They are investing heavily in R&D to introduce technologically advanced products. End-users are seeking faster thawing options that offer ease and convenience. Smart commercial thawing cabinets can be controlled using a mobile application that provides user guidance, controls, and recipes. The application also sends real-time status updates to end-users. The need for remote access is one of the major factors that drive the demand for smart commercial thawing cabinets among end-users.
Key Commercial Thawing Cabinets Market Challenge
The availability of substitutes is one of the major challenges impeding the commercial thawing cabinets market growth. Ovens, both microwave and convection, can perform various cooking operations, such as grilling, roasting, baking, steaming, and braising. They also offer greater flexibility to end-users and help them expand their food product offerings. They also help end-users save space in their food service establishments by overcoming the need to install different types of food service equipment. Many food service establishments provide artisanal bread varieties like sourdough baguettes, oatmeal, wheat, and ciabatta. Unlike traditional ovens, commercial ovens produce steam. Similarly, for cooking chicken and fish, commercial ovens can be set at the necessary temperature and maintain the desired humidity level. The precision of the humidity controls in commercial ovens ensures that they provide a very conducive environment for cooking various food products in commercial kitchens. Therefore, the versatility offered by commercial ovens is expected to hinder the growth of the global commercial thawing cabinets market during the forecast period.
This commercial thawing cabinets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global commercial thawing cabinets market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial thawing cabinets market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the commercial thawing cabinets market encompasses successful business strategies deployed by the key vendors. The commercial thawing cabinets market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The commercial thawing cabinets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the commercial thawing cabinets market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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34% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the commercial thawing cabinets market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The time-saving benefits and enhanced heating properties offered by commercial thawing cabinets for frozen food products will facilitate the commercial thawing cabinets market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 led to stringent measures, including the imposition of lockdowns and quarantines in the region. To slow down the spread of COVID-19, the governments in the region announced nationwide lockdowns in 2020, which led to the temporary shutdown of restaurants and, in turn, hindered the growth of the regional food service industry 2020. Even after the lockdown guidelines were eased in Q4 2020, many quick service restaurant owners and operators faced challenges in normalizing their business operations due to the additional costs involved in sanitizing, staffing issues, and limited operational hours as per the government guidelines.
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The commercial thawing cabinets market share growth in the single door segment will be significant during the forecast period. The food service industry offers a variety of food products, including frozen meats such as beef and other frozen foods. Hence, the industry prefers food service equipment that can defrost frozen foods in a minimum amount of time. This increases the need for different types of commercial kitchen equipment like commercial thawing cabinets, which provide options for thawing a variety of frozen food products while maintaining their quality and taste.
This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial thawing cabinets market size and actionable market insights on the post-COVID-19 impact on each segment.
Commercial Thawing Cabinets Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.81% |
Market growth 2022-2026 |
$ 27.65 million |
Market structure |
Concentrated |
YoY growth (%) |
3.89 |
Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
Performing market contribution |
North America at 34% |
Key consumer countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Cision Ltd., Cospolich, Darwin Chambers Co. LLC, Electrolux Professional AB, Foster Refrigerator, Friulinox Ali Group Srl, Humboldt Mfg. Co., Ipinium AB, Kometos Oy, Loipart AB, POLARIS ALI Group Srl, and Williams Refrigeration |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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