Refrigerated display cases refer to specialized devices designed to hold and exhibit perishable and temperature-sensitive items. These cases are made from sturdy, hygienic, and non-corrosive materials. They are equipped with control systems, lighting, fans, compressors, condensers, and evaporators to maintain a constant temperature and prevent spoilage.
Sizing and Forecast
The refrigerated display cases market size has grown rapidly in recent years. It will grow from $7.4 billion in 2023 to $8.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased consumer demand for fresh and perishable foods, growing awareness of food safety and hygiene standards, the rise in the number of supermarket and hypermarket chains, increased focus on energy efficient refrigeration solutions, growing investments in the retail sector, growing environmental regulations and sustainability, rising disposable incomes, growing demand for ready to eat and prepackaged foods.
The refrigerated display cases market size is expected to see rapid growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%.The growth in the forecast period can be attributed to increasing demand for fresh and frozen foods, increasing investments in cold chain infrastructure, rising awareness about food safety and hygiene, growing consumer demand for transparent display cases. Major trends in the forecast period include adoption of energy efficient technologies, development of smart refrigerated display cases incorporating IoT capabilities, advancement in sustainable refrigerants, adoption of transparent OLED displays, development of modular and customizable refrigerated display solutions, advancement in temperature control technologies, adoption of augmented reality (AR) features, development of hybrid refrigeration systems, advancement in remote monitoring and inventory management software, adoption of curved glass designs, adoption of voice-controlled interfaces in refrigerated displays.
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Segmentation & Regional Insights
The refrigerated display cases market covered in this report is segmented –
1) By Type: Plug-In, Semi Plug-In, Remote
2) By Design: Vertical, Horizontal, Hybrid
3) By Application: Retail Stores, Restaurants And Hotels, Other Applications
4) By End-User: Supermarkets, Convenience Stores
Europe was the largest region in the refrigerated display cases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refrigerated display cases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing demand for frozen and chilled food products is expected to propel the growth of the refrigerated display cases market going forward. Frozen food products are stored below freezing, while chilled food products are stored at cool temperatures but not frozen, both requiring specific storage conditions to maintain quality and safety. Frozen and chilled food products are in demand due to convenience, improved preservation technology, urbanization, busy lifestyles, and efforts to reduce food waste. Refrigerated display cases are essential for showcasing frozen and chilled food products, which attract customers with their freshness and variety. These products help maintain visually appealing and well-stocked displays, enticing customers to purchase. For instance, in March 2024, according to the United States Census Bureau, a US-based government agency, sales in the frozen food manufacturing sector increased from $33.9 million in 2020 to $35.3 million in 2021, with a slight rise in the annual payroll from $4.1 million to $4.3 million. Therefore, the growing demand for frozen and chilled food products drives the refrigerated display cases market.
Key Industry Players
Major companies operating in the refrigerated display cases market are Panasonic Corporation, Haier Inc., Daikin Industries Ltd., Carrier Global, Dover Corporation, Hussmann Corporation, Hillphoenix, Metalfrio Solutions, The Vollrath Company LLC, True Manufacturing Co. Inc., AHT Cooling Systems, Hoshizaki America Inc., ISA SpA, Ugur Cooling, Kysor Waren, Epta Corporate, Zero Zone Inc., A/S Vestfrost, Arneg S.P.A, Turbo Air Inc., Orford Refrigeration, Migali, Afinox srl, Dvorson, Fagor Professional
The refrigerated display cases market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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