Market Size –
The food display cabinet market size has grown strongly in recent years. It will grow from $19.66 billion in 2023 to $21.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to the high demand for convenience foods, the need to keep food items fresh, busy lifestyles and urbanization, growth in middle class population, rise in need for food display cases to protect and maintain food freshness.
The food display cabinet market size is expected to see strong growth in the next few years. It will grow to $30.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to increasing focus on food safety and quality, growing demand for remanufactured food display cabinets, expansion of the food service industry, increasing focus on sustainability and energy efficiency, and change in living standards of consumers. Major trends in the forecast period include advancements in refrigeration technology, increased focus on sustainability and energy efficiency, increased adoption of solar power displays, smart food display cabinets, and advanced temperature control food display cabinets.
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Scope Of Food Display Cabinet Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Food Display Cabinet Market Overview
Market Drivers –
The increase in the number of bakeries is expected to propel the growth of the food display cabinet market going forward. Bakeries are shops specializing in baking and selling bread, pastries, cakes, and other sweet treats. The rise in bakeries reflects a growing demand for convenient, fresh-baked goods and a wider variety of specialty breads and pastries. Bakeries utilize food display cabinets to showcase their tempting treats, attracting customers and keeping baked goods fresh and delicious. For instance, in 2022, according to the US Bureau of Labor Statistics, a US-based federal agency for labor economics and statistics, the number of private food and beverage stores, which encompass bakeries, rose from 159,059 stores in 2022 to 160,758 stores in 2023. Additionally, local government and state government food and beverage stores have increased from 465 to 467 and 423 to 429 from 2022 to 2023, respectively; this represents a 1% growth in food and beverage stores in the USA. Therefore, the rising number of bakeries will boost the demand for food display cabinets.
Market Trends –
Major companies operating in the food display cabinet market are innovating approaches to enhance food cabinets with hot blanket technology, which improves temperature control, transparent design, ultra-thin shelves, and advanced shelf lighting options. The hot blanket technology in the food display cabinet combines mid-shelf heating and highly efficient air circulation to maintain food at optimum temperatures and save energy consumption. For instance, in 2021, Fri-Jado, the Netherlands-based food service equipment manufacturer, launched the MDD Hot, a new self-serve food display cabinet. This innovative product features a multi-deck, heated display case available in a 39-inch width with 3 tiers, allowing for an efficient and visually appealing presentation of various hot food options. The MDD Hot boasts a multi-temp function, enabling easy temperature adjustment per shelf, with a range of 104°F to 158°F (40°C to 70°C), ensuring that food remains fresh for up to 4 hours. Additionally, the cabinet utilizes conduction heat and hot air recirculation to maintain optimal temperatures, while LED lighting above each shelf highlights the displayed food.
The food display cabinet market covered in this report is segmented –
1) By Type: Refrigerated Food Display Cabinets, Heated Food Display Cabinets
2) By Materials: Glass, Stainless Steel, Wood, Plastic
3) By End User: Supermarket And Hypermarket, Restaurants, Bakery, Other End Users
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Regional Insights –
North America was the largest region in the food display cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food display cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the food display cabinet market are Carrier Global Corporation, The Middleby Corporation, Hoshizaki Corp, Epta Group, Standex International Corporation, Beverage Air Corp, Metalfrio Solutions S.A., True Manufacturing Company Inc, Master-Bilt Products LLC, Foster Refrigerator Ltd, Hatco Corporation, Alto-Shaam Inc., Lincat Group Plc., The Vollrath Company LLC, Federal Industries, Irinox S.p.A., APW Wyott, Thermodyne Food Service Products Inc., Skyfood Equipment LLC, BAMBAS FROST, Kareliya Equipments, Kitchnrama Food Service Equipment Pvt. Ltd.
Table of Contents
1. Executive Summary
2. Food Display Cabinet Market Characteristics
3. Food Display Cabinet Market Trends And Strategies
4. Food Display Cabinet Market – Macro Economic Scenario
5. Global Food Display Cabinet Market Size and Growth
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31. Food Display Cabinet Market Other Major And Innovative Companies
32. Global Food Display Cabinet Market Competitive Benchmarking
33. Global Food Display Cabinet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Food Display Cabinet Market
35. Food Display Cabinet Market Future Outlook and Potential Analysis
36.Appendix
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