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The commercial food display cabinet market size is estimated to grow at a CAGR of 3.56% between 2023 and 2028. The market size is forecast to increase by USD 2,408.81 million. The growth of the market depends on several factors such as the need to keep food items fresh at optimum temperature, the need to keep food items fresh at optimum temperature, and the growing demand for remanufactured food display cabinets.
This commercial food display cabinet market report extensively covers market segmentation by type (commercial refrigerated food display cabinet and commercial heated food display cabinets), end-user (supermarket and hypermarket, bakery, restaurants, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The need to keep food items fresh at optimum temperature is notably driving the market growth. One of the main applications of food display cabinets is to maintain the freshness of food. Based on the external temperature of the area, the food items must be preserved at appropriate temperatures. The food items must be colder than 41 degrees Fahrenheit or hotter than 135 degrees Fahrenheit so that they are not affected by bacteria. Food preparations such as bagels, muffins, and dessert items need to be kept at optimum temperatures before serving. Meat preparations like grilled meat products also need to be stored at the right temperature, ideally close to 165 degrees Fahrenheit.
However, consumers are becoming more conscious of the quality and safety of the food they consume. They expect fresh, safe, and high-quality products, which drives businesses to invest in better temperature control measures. The demand for convenience foods, which often require refrigeration or freezing to maintain freshness, is on the rise. Busy lifestyles and the growth of food delivery services have contributed to this trend. These factors will positively impact the growth of the market in focus significantly during the forecast period.
The influx of new technologies in commercial food display cabinets is an emerging trend shaping the market growth. Imbera Food Service, a manufacturer of commercial refrigerators and refrigerated food display cabinets, has developed an in-house technology that uses the total cost of ownership model, which calculates all the food display cabinet expenses. With this, the company has redesigned some of its models to reduce the total cost of ownership by 80% when compared with its previous ones. It also started using an energy management and maintenance device, which cuts down 20% of energy consumption and reduces the maintenance cost. BAMBAS FROST manufactures both refrigerated and heated food display cabinets and has come up with readily accessible motors.
In addition, the motor can be taken out of the cabinet, which allows the users to clean the compressor easily. The Hatco HCSBF model offers built-in hot/cold shelves in the food display cabinet, which provides more flexibility, and the option to change from a heated shelf to a cold shelf can allow users to cater to different foods. Hence, technological advancement in food display cabinets will boost the growth of the global commercial food display cabinet market during the forecast period.
The growing market for pre-used commercial food display cabinets is a significant challenge hindering the market growth. The pre-used food display cabinet market will negatively impact the sales of new units of commercial food display cabinets. Customers have many options in pre-used food display cabinets. There are online portals that offer pre-used food display cabinets at very low prices. End-users such as bakeries or supermarkets can realize significant cost advantages in buying pre-used food display cabinets instead of making high investments in new food display cabinets. As the market for pre-used food display cabinets is growing, manufacturers in the food display cabinet market must focus on improving the features of their new products.
Moreover, the online market for commercial food display cabinets is expanding in countries such as the US, India, Australia, and South Africa. OLX, eBay, and Burkett Restaurant Equipment are some of the popular online portals that sell pre-used commercial food display cabinets. The growing demand for pre-used commercial food display cabinets may boost the growth of the global market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Commercial Food Display Cabinet Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alto Shaam Inc. - The company offers commercial food cabinets such as Auto Shaam food merchandiser and heated display cases which have halo heat technology to provide better moisture retention and and longest holding life for the displayed food.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The commercial refrigerated food display cabinet segment is estimated to witness significant growth during the forecast period. The commercial refrigerated food display cabinets are used for the storage and display of food items at low temperatures. The refrigerated food display cabinets have an important role in ensuring safety and preserving the nutritional content of the food.
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The commercial refrigerated food display cabinet segment was the largest segment and was valued at USD 7,984.56 million in 2018. Further, refrigerated display cabinets consume high amounts of electricity when compared with other commercial refrigerators. They also require a large floor space for installation. The limited floor space in most food service outlets and the need to reduce energy costs may restrict many of these establishments from investing in cabinets. Market players are increasingly offering new products such as remote commercial refrigerated display cabinets with LED illumination and energy-efficient electronically communicated (EC) fans. EC fan is a brushless motor that is used for energy-efficient air circulation. Thus, increasing innovation and product offering may positively impact the growth of the refrigerated segment as well as the global market in focus during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries such as China and India are highly populated, and they have been witnessing considerable economic development over the last five years. Such growth, coupled with a rise in disposable income and changing consumer lifestyles, will lead to an increase in spending on food items, particularly at bakeries and supermarkets. This will also create a consequent increase in demand for food items at various food service establishments, thereby leading to market growth for food display cabinets. Improved and stabilized socio-economic conditions in APAC countries, especially China and India, are contributing to the growth of the food service and food retail industry in the region. Population growth and urbanization in this region have increased the number of investments in the construction of commercial buildings.
Moreover, the food service or catering service industry includes all firms that engage in serving meals that are prepared outside homes, such as restaurants, school and hospital cafeterias, and catering outlets. The mobile food service industry, including food trucks, is also growing in developing countries on the back of the rising penetration of quick-service restaurants. Growth in the food and services market in APAC is certainly one of the major factors that are driving the growth of the commercial food display cabinet market in the region during the forecast period.
In 2020, China and India were the most affected countries in the region by the COVID-19 pandemic. However, the lifting of lockdown restrictions in 2021 owing to vaccination programs across the region positively impacted the growth of the commercial food display cabinet market in APAC. Economic growth and an increase in disposable income lead to higher consumer spending on dining out and purchasing food items, further driving the demand for food display cabinets, which in turn will have a positive impact on the growth of the regional market in focus during the forecast period.
The commercial food display cabinet market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Commercial Food Display Cabinet Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.56% |
Market growth 2024-2028 |
USD 2,408.81 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.4 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 43% |
Key countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alto Shaam Inc., Amertec Refrigeration Pty Ltd., BAMBAS FROST, Buffalo, Carrier Global Corp., Epta Group, FRIGOGLASS SAIC, Hatco Corp., HOSHIZAKI Corp., Husky International Ltd., Illinois Tool Works Inc., Inter IKEA Holding BV, Lincat Ltd., Master Bilt Products LLC, Panasonic Holdings Corp., SKOPE Industries Ltd., Skyfood Equipment LLC, Standex International Corp., The Middleby Corp., The Vollrath Co. LLC, and True Manufacturing Co. Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, 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 market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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