The refrigerated display case market is anticipated to surpass USD 10,034.30 million in 2024 and a valuation of USD 17,633.71 million by 2034. The refrigerated display case market size is projected to expand at a CAGR of 5.80% from 2024 to 2034.
The focus on health and well-being is pushing consumer tastes in favor of less processed and fresher meals. This trend relies heavily on refrigerated display cases, which allow merchants to prominently exhibit a large variety of fresh vegetables, salads, pre-cut fruits, and other healthy alternatives.
These refrigerated cabinets tempt health-conscious shoppers to make better decisions by presenting perishable goods in an eye-catching way and maintaining ideal temperatures. Theyre’ help in making fresh and healthy meals more accessible. The demand for refrigerated display cases is growing as consumer appetite for better food alternatives keeps rising.
Due to the fast-paced nature of modern living and the demand for quick and easy food options, convenience shops are growing in popularity. The ability to showcase ready-to-eat meals, drinks, and grab-and-go snacks makes refrigerated display cabinets indispensable in these establishments. These showcases meet the needs of time-pressed shoppers looking for solutions they can grab by offering an extensive assortment of chilled products in an easy-to-reach format. The increase in convenience shops drives the demand for refrigerated display cases.
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Countries in South Asia, Latin America, and the Middle East & Africa regions are experiencing a surge in the construction of supermarkets, hypermarkets, convenience stores, and other retail formats. Economic growth in these regions is likely to favor the market in the coming years. Also, the food service sector’s constant growth and emergence of new restaurants, bakeries, cafes, and other establishments will support market growth in the aforementioned regions. As these establishments continue to differentiate themselves, investments in refrigerated display solutions will further expand the market.
Key Takeaways from the Refrigerated Display Case Market Report
- The refrigerated display case market size expanded at a 73% CAGR from 2019 to 2023.
- The remote type segment holds 00% of market shares in 2024.
- The vertical design segment captured 80% of market shares in 2024.
- The market size in the United States is projected to rise at a 30% CAGR through 2034.
- The market size in Germany is anticipated to develop at a 40% CAGR through 2034.
- The market size in Japan is estimated to surge at a 90% CAGR through 2034.
- The market size in India is expected to increase at a 10% CAGR through 2034.
“The refrigerated display case market is expected to develop rapidly due to changing customer tastes and technological improvements. To remain competitive, manufacturers must put innovation, quality, and sustainability first. E-commerce platforms and strategic alliances provide growth prospects.” opines Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).
Competitive Landscape
The refrigerated display case market is fairly competitive, with prominent companies striving for market share and distinction. Leading businesses like Hussmann Corporation, Carrier Commercial Refrigeration, and Epta S.p.A. lead the industry due to their diverse product offerings, technical innovation, and worldwide presence. These industrial titans use their brand recognition and distribution networks to maintain a competitive advantage in the marketplace.
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Top 10 Key Players in the Refrigerated Display Case Market
- Hussmann Corporation
- Carrier Commercial Refrigeration
- Danfoss A/S
- Epta S.p.A. Refrigeration
- Haier Group
- Metalfrio Solutions S.A.
- AHT Cooling Systems GmbH
- Lennox International Inc.
- Liebherr Group
- Dover Corporation
Recent Developments
- In January 2024, Hussmann, a brand of the Panasonic company, launched Evolve TechnologiesTM. Evolve Technologies™ enables using ecologically friendly refrigerants like R-744 (CO2) and R-290 (propane).
- In October 2023, AHT launched propane-based refrigerated cabinets (R290). The new KALEA units have an energy consumption range from class B to D, depending on their model and configuration options.
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Refrigerated Display Case Market Segmentation
By Type:
- Plug-in
- Semi Plug-in
- Remote
By Design:
- Vertical
- Horizontal
- Hybrid
By End Use:
- Food Service Sector
- Quick Service Restaurants
- Bakeries
- Hotels
- Others
- Retail Food & Beverage Sector
- Fuel Station Stores
- Hypermarkets
- Supermarkets
- Discount Stores
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Japan
Author:
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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