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Technavio’s market research analyst predicts the global food warming trays market to grow steadily at a CAGR of around 11% by 2021. One of the primary drivers for this market is the growing focus on maintaining the optimal temperature of food served. Most of the food service establishments such as hotels, catering companies, and full service restaurants that provide buffet services are focusing more on providing food items that are served warm at an optimal temperature to the customers. Consequently, the food warming trays help the foodservice establishments to provide perfectly warmed food during the buffet services, without compromising the quality of the food served. This critical advantage of food warming trays to the foodservice establishments will propel the growth of the global food warming trays market during the forecast period.
One of the latest trends gaining traction in this market is the rising focus of vendors on innovative technologies and features. The food warming trays vendors are focusing on enhancing the quality and features of their products so that these vendors can attract more consumers who will lead to an increase in the market share. The vendors are mostly prioritizing on providing food warming trays with improved features such as better temperature control and are also increasing the surface space so that a number of dishes can be placed for warming simultaneously. This innovantion and advancement in technology will consequently stimulate growth in the global food warming trays market in the coming years.
Intense competition is prevalent amongst leading players in the global food warming trays market. The vendors are majorly competing on the basis of improved designs, and competitive pricing. Also, vendors are also facing challenges such as the growing popularity of substitute products such as built-in buffet warmers, dual temperature warming trays, and heated lamps. The popularity of these products coupled with the increasing competition is making it difficult for the regional and local vendors to sustain the market dynamics.
Other prominent vendors in the food warming trays market include Tomlinson Industries, Toastess, Nostalgia Products, Spring USA, Brentwood Appliances, and Giles & Posner.
During 2016, the metal segment dominated the food warming trays market and accounted for a major part of the overall market share. This segment mainly consists of stainless steel and aluminum trays. Foodservice establishments mostly prefer warming trays made up of metal. Most restaurants, hotels and catering companies require foodservice equipment (FSE) that can withstand heavy-duty usage. Metal warming trays are durable and can efficiently transfer heat from the surface of warming trays to the serving pans and food items.
In this market study, analysts have estimated North America to dominate the food warming trays market during the forecast period. The growth in this region is majorly driven by the increasing penetration in the residential segment mainly owing to increasing availability of high-quality food warming trays with improved features. Also, a large number of premium hotels in the region are using food warming trays to ensure that the food remains at the optimal temperature when it is delivered as a part of room service.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by surface material
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
Tags: food warmer, commercial kitchen equipment, food delivery, restaurants, food service industry analysis, food warming trays market research report,
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