Global Food Warming Trays Market 2017-2021

Overview of the global food warming trays market

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.

Competitive landscape and key vendors

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.

Leading vendors in the market are –

• Cadco
• Hatco
• Jarden Consumer Solutions
• The Vollrath Company
• Waring

Other prominent vendors in the food warming trays market include Tomlinson Industries, Toastess, Nostalgia Products, Spring USA, Brentwood Appliances, and Giles & Posner.

Segmentation by surface material and analysis of the food warming trays market

• Metal
• Glass
• Stone

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.

Geographical segmentation and analysis of the food warming trays market

• APAC
• Europe
• North America
• ROW

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.

Key questions answered in the report include

• What will the market size and the growth rate be of the global food warming trays market in 2021?
• What are the key factors driving the global food warming trays market?
• What are the key market trends impacting the growth of the global food warming trays market?
• What are the challenges to market growth of the global food warming trays market?
• Who are the key vendors in the global food warming trays market?
• What are the market opportunities and threats faced by the vendors in the global food warming trays market?
• Trending factors influencing the market shares of the global food warming trays market  in APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global food warming trays market?