The Catering Food Warmers Market is experiencing significant growth owing to the rising applications of these appliances across both residential and commercial sectors. With the increasing number of catering agencies worldwide, the demand for food warmers has surged, driving sales in the industry. These versatile and efficient devices are essential for keeping food at optimal temperatures, ensuring that it remains fresh and safe for consumption during events, parties, or catering services.
According to Future Market Insights, the global catering food warmers market size is expected to grow from US$ 493.7 Million in 2023 to US$ 909.4 Million by 2033, with overall sales accelerating at 6.3% CAGR throughout the forecast period 2023 to 2033.
Rising applications of catering food warmers across residential and commercial sectors along with increasing number of catering agencies worldwide is a key factor boosting sales of catering food warmers.
Catering food warmers are available in various types and sizes which enable end users to choose any specific product based on their requirements. Availability of a wide range of food warmers in the market will thus positively influence sales over the next decade.
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Another factor driving sales of catering food warmers is the desire to keep food served at the ideal temperature, regardless of the kind of event or the food served.
With increasing research and development and technological advancement companies are finding new techniques to effectively use catering food warmers to their maximum potential. Manufacturers competing in the global market for catering food warmers are developing cutting-edge features to satisfy every consumer need.
Key Takeaways:
- Based on type, demand for electric warmers is expected to surge at a significant pace over the next ten years.
- By sales channel, the online segment will generate the highest revenues in the market during the projected period.
- The U.S. holds around 68% share of the global catering food warmers market and it is expected to surpass a valuation of US$ 127.6 Bn in 2023.
- Asia Pacific holds approximately 18% share of the worldwide catering food warmers market.
- China’s catering food warmers market is projected to grow at a CAGR of around 6.3% over the next ten years.
Competitive landscape:
The global food warmersmarket is highly competitive due to presence of a large number of domestic and regional players. Key companies are focused on cost-effective food warmersproducts to meet end user demands.
The top 5 manufacturers of catering food warmers are Robert Bosh, Samsung Group, Prestige, Bajaj Group, and Milton, collectively holding 20% to 30% of catering food warmers’ market share.
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Future Market Insights, in its new offering, provides an unbiased analysis of catering food warmers presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.
The study provides valuable insight into the catering food warmers market based on Type (electric warmers, plastic warmers, electric steamer, steel food warmers, and chocolate food warmers), End Use (Personal Care, Food & Beverage Processing, and Cosmetics), and Sales Channel (Online, Offline) across seven major regions of the world.
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Catering Food Warmers Industry by Category
By Type:
- Electric Warmers
- Plastic Warmers
- Electric Steamer
- Steel Food Warmers
- Chocolate Food Warmers
By End Use:
- Residential
- Commercial
By Sales Channel:
- Online
- Offline
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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