What is the present valuation and projected CAGR of the food display cabinet market?
The food display cabinet market size has grown strongly in recent years. It will grow from $21.48 billion in 2024 to $23.54 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. 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 $33.65 billion in 2029 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.
Get Your Free Sample of The Global Food Display Cabinet Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=16056&type=smp
How has the food display cabinet market evolved, and what factors have shaped its growth?
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.
What are the major segments of the food display cabinet market?
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
Subsegments:
1) By Refrigerated Food Display Cabinets: Vertical Refrigerated Display Cabinets, Horizontal Refrigerated Display Cabinets, Multideck Refrigerated Display Cabinets, Open-Front Refrigerated Display Cabinets, Glass Door Refrigerated Display Cabinets
2) By Heated Food Display Cabinets: Heated Holding Cabinets, Display Warmer Cabinets, Heated Glass Display Cabinets, Countertop Heated Food Display Cabinets
Order your report now for swift delivery
https://www.thebusinessresearchcompany.com/report/food-display-cabinet-global-market-report
Which companies dominate the food display cabinet market?
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.
How will evolving trends contribute to the growth of the food display cabinet market?
Major companies operating in the food display cabinet market are innovating approaches to enhance food cabinets with extended holding technology to improve food quality, reduce waste, and enhance display efficiency for foodservice operations. Extended holding technology refers to advanced systems that maintain optimal temperature and humidity levels for an extended period, preserving the quality and freshness of food items. For instance, in July 2024, Alto-Shaam, Inc., a US-based food service industry equipment manufacturer, launched its new range of heated display cases featuring extended holding technology, LED lighting, and enhanced design options to improve food quality, reduce waste, and boost operational efficiency. This innovation is significant as it allows foodservice operators to display food for longer periods without compromising quality, ultimately increasing profits and reducing food waste.
What are the key regional dynamics of the food display cabinet market, and which region leads in market share?
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.
What Does The Food Display Cabinet Market Report 2025 Offer?
The food display cabinet market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A food display cabinet refers to a piece of equipment used in retail and food service establishments to showcase food items attractively while keeping them fresh and protected. These cabinets often feature glass panels and can be refrigerated or heated, depending on the type of food being displayed.
Purchase the exclusive report now to unlock valuable market insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=16056
About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
