As projected by Future Market Insights, the prep refrigerators market is poised to exhibit a steady Compound Annual Growth Rate (CAGR) of 4.5% spanning from 2023 to 2033. At the culmination of this assessment period, the market is envisioned to attain a noteworthy valuation of US$ 12.7 Billion. By the conclusion of 2023, the sales figures for prep refrigerators are anticipated to reach US$ 8.2 Billion.
The escalating demand for effective food preservation and storage solutions is driving an upsurge in the requisition for prep refrigerators. The imperative need for dependable and efficient refrigeration systems to ensure the freshness and safety of consumables is becoming increasingly critical as more enterprises step into the market arena.
An additional catalyst propelling market expansion is the rising popularity of frozen and prepared foods. Evolving consumer preferences towards conveniently prepared pre-made meals and frozen food items, aligned with the fast-paced nature of modern lifestyles, are stimulating demand. This shift in dietary habits has led to a heightened demand for commercial refrigeration units, serving as pivotal storage hubs for these products.
Furthermore, within the food service industry, there is a pronounced shift towards prioritizing energy efficiency and sustainability. This trend has fostered a surge in demand for energy-efficient refrigeration solutions that leverage natural refrigerants and other environmentally friendly technologies. As businesses endeavor to curtail their environmental footprint and operational expenses, the pursuit of greener refrigeration alternatives gains prominence.
The growth of the prep refrigerators market is also being driven by the expansion of the food service industry in emerging economies. A growing need for commercial kitchens and food storage solutions has been witnessed, as more people dine out more frequently. The need for customized and flexible refrigeration solutions that can meet the unique needs of individual businesses is also piquing the interest of food service providers in prep refrigerators.
Key Takeaways:
- The global prep refrigerators market was valued at US$ 7.8 Billion by 2022.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
- North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
- By type, combination refrigerated prep tables are expected to rise in demand at a CAGR of 4.3%.
- By distribution channel, online retail stores are expected to dominate the market with a CAGR of 4.2%.
Competitive Landscape:
Prominent players in the prep refrigerators market are TRUE, Empura, Dover Corporation, Electrolux Professional, The Middleby Corporation, Delfield, Nella, New Air, Atosa, Beverage Air, Turbo Air, Universal, Haier Group, Hoshizaki, and Leader, among others.
Recent Developments:
- In 2021, True Manufacturing announced the launch of a new line of glass door refrigerators and freezers that use natural refrigerants and are designed to be highly energy-efficient. The company also expanded its production facilities in Missouri to meet the growing demand for its products.
- In 2021, Dover Corporation completed the acquisition of So-Low Environmental Equipment Co., a manufacturer of low-temperature freezers and refrigerators. The acquisition is expected to expand Dover’s product portfolio and strengthen its position in the scientific and healthcare markets.
- In 2021, Hoshizaki Corporation announced the launch of a new line of prep refrigerators with advanced features such as remote monitoring and digital controls.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global prep refrigerators market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the prep refrigerators market, the market is segmented on the basis of type (prep tables with doors, prep tables with drawers, and combination refrigerated prep tables), by top type (standard top, mega top, and cutting top), refrigeration method (air-cooled, cold wall, and liquid jacket), by distribution channel (offline stores, and online retail store) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
Your Gateway to Unparalleled Knowledge: Don’t Miss Out – Buy Your Comprehensive Report Today @ https://www.futuremarketinsights.com/checkout/17120
Key Segments Profiled:
By Type:
- Prep Tables with Doors
- Prep Tables with Drawers
- Combination Refrigerated Prep Tables
By Top Type:
- Standard Top
- Mega Top
- Cutting Top
By Refrigeration Method:
- Air Cooled
- Cold Wall
- Liquid Jacket
By Distribution Channel:
- Offline Stores
- Hypermarkets
- Departmental Stores
- Multi-brand Stores
- Discount Stores
- Specialty Stores
- Online Retail Stores
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
Your Roadmap to Success Starts Here: Gain a Competitive Edge with a Customized Report, Delving Deep into Regional Insights and Market Competition @ https://www.futuremarketinsights.com/customization-available/rep-gb-17120
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel, and End Use over the next 10 years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
