In an era of substantial growth, the global commercial griddle market presents a promising future, projecting a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period. With an impressive valuation of US$ 525.8 million in 2023, this thriving market is expected to further heat up, reaching a remarkable US$ 834.2 million by the year 2033, according to Future Market Insights (FMI). A retrospective analysis by FMI reveals that the market stood at US$ 496.0 million during the base year, showcasing consistent growth at a CAGR of 3.7%.
Crafted from durable metal, the commercial griddle features a flat cooking surface renowned for its expansive area, making it the ultimate choice for preparing large quantities of food in a single cooking session. These versatile appliances have secured their place as a culinary staple, particularly in restaurants, where they play a central role in crafting an array of delectable dishes.
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The contemporary landscape of food service consumption is marked by an augmented pursuit of convenience and a diverse gastronomic experience. Consequently, this paradigm shift propels the growth trajectory of the commercial griddle and flat-top grill market. Notably, the market is poised to experience heightened demand for pioneering products, such as electric flat-top grills and griddles. This momentum is projected to sustain and gain momentum in the forthcoming period, thus inciting an increased surge in the demand for these specialized cooking appliances.
Key Takeaways from the Market Study:
- Global market for commercial griddles & flat top grills was valued at US$ 1.9 billion in 2022
- By end-user, full-service restaurants will account for 55% of commercial griddles & flat top grills usage in 2023
- By distribution channel, specialty stores account for over 1/5th of all commercial griddles & flat-top grills sales
- North America is expected to be a significant growth hotspot, with an expected CAGR of 4.8%
- Asia-Pacific is expected to hold a credible revenue share in the market, amounting to 35%
“Stainless steel grills are becoming increasingly popular due to their long lifespan, cost-effectiveness, and increasing demand for premium products for outdoor and home cooking activities in the future,” says a Future Market Insights analyst.
Competitive Landscape:
With product line expansions, acquisitions, and mergers imminent, several companies are expected to prioritize research and innovation. Key players in the commercial griddles & flat top grills market are Welbilt Inc., The Middleby Corporation., Fujimak Corp., SIMCO Group, The Vollrath Co., Avantco Equipment, AB Electrolux, Standex International Corp., Equipex, Blaze Grills, Americarange, Secura and others.
- In February 2023, Traeger Inc., the leader in wood-pellet grill technology, announced the launch of the new Flatrock Grill, which expands its outdoor cooking experience. Adaptable to any cooking method and a variety of cooking practices, the Flatrock Grill is the newest standard in the expanding griddle cookware category, bringing new flavor possibilities to customers with premium, innovative designs.
- An Asian fusion restaurant, Flat Top Grill, will open in December at 2795 Katy Freeway, in Houston’s Lower Heights District. The Lower Heights District (located between Studemont and Sawyer) will be the first location outside the Midwest for Gulf Coast Commercial Group’s brand.
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Market Segments Covered:
By Griddle Type:
- Single Sided Griddle
- A Built-in Unit
- Part of a Range or Cooking Center
- Freestanding Unit
- Double Sided Griddle
By Top Plate Type:
- Flat
- Ribbed
- Mixed
By Plate Material:
- Chrome Steel
- Aluminium
- Ceramic Glass
By Distribution Channel:
- Offline Stores
- Hypermarkets/Supermarkets
- Convenience Store
- Specialty Stores
- Online Retail Stores
By End-User:
- Full-service Restaurants
- Quick Service Restaurants
- Food Trucks
- Cafeterias
- Bars and Clubs
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
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Author:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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