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The commercial food display cabinet market size is estimated to increase by USD 2.41 billion and grow at a CAGR of 3.56% between 2023 and 2028. The quest to maintain food freshness at optimal temperatures fuels the demand for energy-efficient food cabinets. This trend is further amplified by the rising interest in remanufactured cabinets, which offer both sustainability and cost-effectiveness. However, challenges persist as these cabinets entail continuous electricity consumption, posing concerns over environmental sustainability. Moreover, the emergence of a market for pre-used commercial food cabinets adds complexity, emphasizing the need for innovative solutions. Stringent environmental regulations governing food storage equipment further shape the landscape, driving the industry towards more sustainable practices. In navigating these challenges, the focus remains on balancing efficiency, cost-effectiveness, and environmental responsibility to meet the evolving needs of consumers and adhere to regulatory standards.
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The commercial refrigerated food display cabinet segment is estimated to witness significant growth during the forecast period. The commercial refrigerated food cabinets are used for the storage and display of food items at low temperatures. These cabinets have an important role in ensuring safety and preserving the nutritional content of the food.
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The commercial refrigerated food cabinet segment was the largest segment and was valued at USD 7.98 billion in 2018. Further, refrigerated cabinets consume high amounts of electricity when compared with other commercial refrigerators. They also require a large floor space for installation. The limited floor space in most food service outlets and the need to reduce energy costs may restrict many of these establishments from investing in cabinets. Market players are increasingly offering new products such as remote commercial refrigerated cabinets with LED illumination and energy-efficient electronically communicated (EC) fans. EC fan is a brushless motor that is used for energy-efficient air circulation. Thus, increasing innovation and product offering may positively impact the growth of the refrigerated segment as well as the global market in focus during the forecast period.
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APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Countries such as China and India are highly populated, and they have been witnessing considerable economic development over the last five years. Such growth, coupled with a rise in disposable income and changing consumer lifestyles, will lead to an increase in spending on food items, particularly at bakeries and supermarkets. This will also create a consequent increase in demand for food items at various food service establishments, thereby leading to market growth. Improved and stabilized socio-economic conditions in APAC countries, especially China and India, are contributing to the growth of the food service and food retail industry in the region. Population growth and urbanization in this region have increased the number of investments in the construction of commercial buildings.
Moreover, the food service or catering service industry includes all firms that engage in serving meals that are prepared outside homes, such as restaurants, school and hospital cafeterias, and catering outlets. The mobile food service industry, including food trucks, is also growing in developing countries on the back of the rising penetration of quick-service restaurants. Growth in the food and services market in APAC is certainly one of the major factors that are driving the growth of the market in the region during the forecast period.
In the realm of food service and retail, the cold food supply chain relies on sophisticated solutions like retail display storage to uphold food safety standards and preserve product quality. These innovations are pivotal for various sectors, including the catering business, where maintaining freshness is paramount. Technologies such as inlet valves ensure precise temperature control, while food display cabinets and cases serve as the centerpiece for bakeries, restaurants, and fast food establishments, enhancing product visibility and presentation. Sidewalk signs and tabletop displays attract patrons, while features like stainless steel construction ensure durability and cleanliness. With a focus on food safety and hygiene concerns, the industry continues to innovate, leveraging advancements like 3D printing to create cutting-edge solutions that elevate the overall living standard and enhance consumer confidence in the food supply chain. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The need to keep food items fresh at optimum temperature is notably driving the market growth. One of the main applications is to maintain the freshness of food. Based on the external temperature of the area, the food items must be preserved at appropriate temperatures. The food items must be colder than 41 degrees Fahrenheit or hotter than 135 degrees Fahrenheit so that they are not affected by bacteria. Food preparations such as bagels, muffins, and dessert items need to be kept at optimum temperatures before serving. Meat preparations like grilled meat products also need to be stored at the right temperature, ideally close to 165 degrees Fahrenheit.
However, consumers are becoming more conscious of the quality and safety of the food they consume. They expect fresh, safe, and high-quality products, which drives businesses to invest in better temperature control measures. The demand for convenience foods, which often require refrigeration or freezing to maintain freshness, is on the rise. Busy lifestyles and the growth of food delivery services have contributed to this trend. These factors will positively impact the growth of the market in focus significantly during the forecast period.
The influx of new technologies is an emerging trend shaping the market growth. Imbera Food Service, a manufacturer of commercial refrigerators and refrigerated cabinets, has developed an in-house technology that uses the total cost of ownership model, which calculates all the expenses. With this, the company has redesigned some of its models to reduce the total cost of ownership by 80% when compared with its previous ones. It also started using an energy management and maintenance device, which cuts down 20% of energy consumption and reduces the maintenance cost. BAMBAS FROST manufactures both refrigerated and heated cabinets and has come up with readily accessible motors.
In addition, the motor can be taken out of the cabinet, which allows the users to clean the compressor easily. The Hatco HCSBF model offers built-in hot/cold shelves, which provides more flexibility, and the option to change from a heated shelf to a cold shelf can allow users to cater to different foods. Hence, technological advancement will boost the growth of the global market during the forecast period.
The growing market for pre-used commercial food display cabinets is a significant challenge hindering the market growth. The pre-used market will negatively impact the sales of new units. Customers have many options in pre-used cabinets. There are online portals that offer pre-used food display cabinets at very low prices. End-users such as bakeries or supermarkets can realize significant cost advantages in buying pre-used food display cabinets instead of making high investments in new cabinets. As the market for pre-used cabinets is growing, manufacturers in the market must focus on improving the features of their new products.
Moreover, the online market is expanding in countries such as the US, India, Australia, and South Africa. OLX, eBay, and Burkett Restaurant Equipment are some of the popular online portals that sell pre-used cabinets. The growing demand for pre-used cabinets may boost the growth of the global market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Alto Shaam Inc. - The company offers commercial food cabinets such as Auto Shaam food merchandiser and heated display cases which have halo heat technology to provide better moisture retention and and longest holding life for the displayed food.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
Refrigerated Cabinet Market - Refrigerated Cabinet Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast
Commercial Refrigeration Equipment Market - Commercial Refrigeration Equipment Market Analysis APAC, Europe, North America, Middle East and Africa, South America - China, US, Japan, Germany, UK - Size and Forecast
Europe - Commercial Refrigeration Equipment Market - Europe - Commercial Refrigeration Equipment Market by End-user and Product - Forecast and Analysis
The market is thriving across various sectors such as fast food restaurants, retail industries, and hospitality industries. These cabinets, including refrigerated food display cases and countertop food display cabinets, play a crucial role in showcasing food products while ensuring food safety and addressing hygiene concerns. Innovations like temperature monitoring and humidity function enhance efficiency, while features such as stainless steel construction and transparent insulating glass ensure durability and visibility. Additionally, advancements like 3D printing and solar-powered displays drive sustainability and energy efficiency. As eating habits evolve and food safety concerns rise, the demand for state-of-the-art food display cases continues to grow, catering to the diverse needs of food retailers, catering businesses, and other stakeholders in the food supply chain.
In today's dynamic marketplace, the cold food supply chain relies on efficient solutions like retail display storage to ensure food quality and safety. These innovations are integral to various sectors, including the catering business, where maintaining freshness is paramount. Technologies such as inlet valve regulate temperature, while dry fruit display counters and ice cream display counter optimize product presentation. Meanwhile, sidewalk signage and solar powered displays enhance visibility, attracting customers in bustling environments. With the integration of electronic media, businesses can convey engaging messages and promotions, further enhancing consumer engagement. These advancements underscore the industry's commitment to innovation and sustainability, ensuring the seamless operation of the cold food supply chain while meeting evolving consumer demands.
Also, the market encompasses various innovative products catering to diverse industries and settings. From sidewalk signs and tabletop displays enhancing visibility in retail outlets to snack display counters and cake display refrigerators optimizing presentation in catering businesses, these solutions play a pivotal role in enticing customers and ensuring efficient operations. Technologies like heating wire and convection heating maintain optimal temperatures, while features such as infrared thermal protection lamps and halogen bulbs enhance illumination for attractive displays. Moreover, advancements like solar-powered displays align with sustainability initiatives, benefiting the environment and reducing operational costs. Whether in public institutions, pubs, or the tourism sector, these solutions elevate the overall living standard by offering visually appealing and hygienic options tailored to modern consumer preferences and expectations.
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Market Scope |
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Report Coverage |
Details |
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Page number |
171 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.56% |
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Market growth 2024-2028 |
USD 2.41 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
3.4 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 43% |
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Key countries |
US, China, India, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alto Shaam Inc., Amertec Refrigeration Pty Ltd., BAMBAS FROST, Buffalo, Carrier Global Corp., Epta Group, FRIGOGLASS SAIC, Hatco Corp., HOSHIZAKI Corp., Husky International Ltd., Illinois Tool Works Inc., Inter IKEA Holding BV, Lincat Ltd., Master Bilt Products LLC, Panasonic Holdings Corp., SKOPE Industries Ltd., Skyfood Equipment LLC, Standex International Corp., The Middleby Corp., The Vollrath Co. LLC, and True Manufacturing Co. Inc. |
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Market dynamics |
Parent market analysis, market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period. |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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