The food display cabinet market size has grown strongly in recent years. It will grow from $19.66 billion in 2023 to $21.48 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth during the historic period can be attributed to several factors, the high demand for convenience foods, the need to keep food items fresh, busy lifestyles and urbanization, the growth of the middle-class population, and the rising need for food display cases to protect and maintain food freshness.
The food display cabinet market size is expected to see strong growth in the next few years. It will grow to $30.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to several factors, an increasing focus on food safety and quality, growing demand for remanufactured food display cabinets, expansion of the food service industry, heightened focus on sustainability and energy efficiency, and changing consumer living standards. Major trends in the forecast period include advancements in refrigeration technology, increased adoption of solar-powered displays, smart food display cabinets, and advanced temperature control food display cabinets.
The increase in the number of bakeries is expected to drive the growth of the food display cabinet market in the future. Bakeries, which specialize in baking and selling bread, pastries, cakes, and other sweet treats, are growing in number due to the rising demand for convenient, fresh-baked goods and a wider variety of specialty breads and pastries. Food display cabinets are used by bakeries to showcase their products, attract customers, and keep baked goods fresh and appealing. For example, in 2022, according to the US Bureau of Labor Statistics, the number of private food and beverage stores, including bakeries, increased from 159,059 in 2022 to 160,758 in 2023. Additionally, local government and state government food and beverage stores increased from 465 to 467 and from 423 to 429, respectively, from 2022 to 2023, representing a 1% growth in food and beverage stores in the USA. Therefore, the rising number of bakeries will boost the demand for food display cabinets.
Major companies in the food display cabinet market are innovating to enhance cabinets with hot blanket technology, which improves temperature control, transparent design, ultra-thin shelves, and advanced shelf lighting options. Hot blanket technology combines mid-shelf heating and highly efficient air circulation to maintain food at optimal temperatures and reduce energy consumption. For instance, in 2021, Fri-Jado, a food service equipment manufacturer based in the Netherlands, launched the MDD Hot, a new self-serve food display cabinet. This innovative product features a multi-deck, heated display case available in a 39-inch width with three tiers, allowing for efficient and visually appealing presentation of various hot food options. The MDD Hot includes a multi-temp function, enabling easy temperature adjustment per shelf, with a range of 104°F to 158°F (40°C to 70°C), ensuring food remains fresh for up to four hours. Additionally, the cabinet uses conduction heat and hot air recirculation to maintain optimal temperatures, while LED lighting above each shelf highlights the displayed food.
In September 2021, Ronin Equity Partners, a financial service provider based in the US, acquired QBD and Minus Forty for an undisclosed amount. This acquisition allows the merger of the three companies to create a platform for consolidation in the fragmented refrigerated display case market. QBD Modular Systems Inc. and Minus Forty are commercial refrigeration equipment manufacturers based in Canada that provide refrigeration food display cabinets.
Major companies operating in the food display cabinet market are Carrier Global Corporation, The Middleby Corporation, Hoshizaki Corp, Epta Group, Standex International Corporation, Beverage Air Corp, Metalfrio Solutions S.A., True Manufacturing Company Inc, Master-Bilt Products LLC, Foster Refrigerator Ltd, Hatco Corporation, Alto-Shaam Inc., Lincat Group Plc., The Vollrath Company LLC, Federal Industries, Irinox S.p.A., APW Wyott, Thermodyne Food Service Products Inc., Skyfood Equipment LLC, BAMBAS FROST, Kareliya Equipments, Kitchnrama Food Service Equipment Pvt. Ltd.
North America was the largest region in the food display cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food display cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food display cabinet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A food display cabinet is a piece of equipment used in retail and food service establishments to attractively showcase food items while keeping them fresh and protected. These cabinets often feature glass panels and can be either refrigerated or heated, depending on the type of food being displayed.
The main types of food display cabinets are refrigerated and heated food display cabinets. Refrigerated food display cabinets are self-service display cases that keep food cold and visible for purchase. They are made from materials such as glass, stainless steel, wood, and plastic and are used by end users such as supermarkets and hypermarkets, restaurants, bakeries, and other establishments.
The food display cabinet research report is one of a series of new reports that provides shrimp feed market statistics, including the shrimp feed industry's global market size, regional shares, competitors with a shrimp feed market share, detailed shrimp feed market segments, market trends and opportunities, and any further data you may need to thrive in the shrimp feed industry. This shrimp feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The food display cabinet market consists of sales of refrigerated display cabinets, ambient display cabinets, serve-over display counters, and grab-and-go display cases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The food display cabinet market size is expected to see strong growth in the next few years. It will grow to $30.81 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The growth in the forecast period can be attributed to several factors, an increasing focus on food safety and quality, growing demand for remanufactured food display cabinets, expansion of the food service industry, heightened focus on sustainability and energy efficiency, and changing consumer living standards. Major trends in the forecast period include advancements in refrigeration technology, increased adoption of solar-powered displays, smart food display cabinets, and advanced temperature control food display cabinets.
The increase in the number of bakeries is expected to drive the growth of the food display cabinet market in the future. Bakeries, which specialize in baking and selling bread, pastries, cakes, and other sweet treats, are growing in number due to the rising demand for convenient, fresh-baked goods and a wider variety of specialty breads and pastries. Food display cabinets are used by bakeries to showcase their products, attract customers, and keep baked goods fresh and appealing. For example, in 2022, according to the US Bureau of Labor Statistics, the number of private food and beverage stores, including bakeries, increased from 159,059 in 2022 to 160,758 in 2023. Additionally, local government and state government food and beverage stores increased from 465 to 467 and from 423 to 429, respectively, from 2022 to 2023, representing a 1% growth in food and beverage stores in the USA. Therefore, the rising number of bakeries will boost the demand for food display cabinets.
Major companies in the food display cabinet market are innovating to enhance cabinets with hot blanket technology, which improves temperature control, transparent design, ultra-thin shelves, and advanced shelf lighting options. Hot blanket technology combines mid-shelf heating and highly efficient air circulation to maintain food at optimal temperatures and reduce energy consumption. For instance, in 2021, Fri-Jado, a food service equipment manufacturer based in the Netherlands, launched the MDD Hot, a new self-serve food display cabinet. This innovative product features a multi-deck, heated display case available in a 39-inch width with three tiers, allowing for efficient and visually appealing presentation of various hot food options. The MDD Hot includes a multi-temp function, enabling easy temperature adjustment per shelf, with a range of 104°F to 158°F (40°C to 70°C), ensuring food remains fresh for up to four hours. Additionally, the cabinet uses conduction heat and hot air recirculation to maintain optimal temperatures, while LED lighting above each shelf highlights the displayed food.
In September 2021, Ronin Equity Partners, a financial service provider based in the US, acquired QBD and Minus Forty for an undisclosed amount. This acquisition allows the merger of the three companies to create a platform for consolidation in the fragmented refrigerated display case market. QBD Modular Systems Inc. and Minus Forty are commercial refrigeration equipment manufacturers based in Canada that provide refrigeration food display cabinets.
Major companies operating in the food display cabinet market are Carrier Global Corporation, The Middleby Corporation, Hoshizaki Corp, Epta Group, Standex International Corporation, Beverage Air Corp, Metalfrio Solutions S.A., True Manufacturing Company Inc, Master-Bilt Products LLC, Foster Refrigerator Ltd, Hatco Corporation, Alto-Shaam Inc., Lincat Group Plc., The Vollrath Company LLC, Federal Industries, Irinox S.p.A., APW Wyott, Thermodyne Food Service Products Inc., Skyfood Equipment LLC, BAMBAS FROST, Kareliya Equipments, Kitchnrama Food Service Equipment Pvt. Ltd.
North America was the largest region in the food display cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the food display cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the food display cabinet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
A food display cabinet is a piece of equipment used in retail and food service establishments to attractively showcase food items while keeping them fresh and protected. These cabinets often feature glass panels and can be either refrigerated or heated, depending on the type of food being displayed.
The main types of food display cabinets are refrigerated and heated food display cabinets. Refrigerated food display cabinets are self-service display cases that keep food cold and visible for purchase. They are made from materials such as glass, stainless steel, wood, and plastic and are used by end users such as supermarkets and hypermarkets, restaurants, bakeries, and other establishments.
The food display cabinet research report is one of a series of new reports that provides shrimp feed market statistics, including the shrimp feed industry's global market size, regional shares, competitors with a shrimp feed market share, detailed shrimp feed market segments, market trends and opportunities, and any further data you may need to thrive in the shrimp feed industry. This shrimp feed market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The food display cabinet market consists of sales of refrigerated display cabinets, ambient display cabinets, serve-over display counters, and grab-and-go display cases. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Food Display Cabinet Market Characteristics3. Food Display Cabinet Market Trends and Strategies32. Global Food Display Cabinet Market Competitive Benchmarking33. Global Food Display Cabinet Market Competitive Dashboard34. Key Mergers and Acquisitions in the Food Display Cabinet Market
4. Food Display Cabinet Market - Macro Economic Scenario
5. Global Food Display Cabinet Market Size and Growth
6. Food Display Cabinet Market Segmentation
7. Food Display Cabinet Market Regional and Country Analysis
8. Asia-Pacific Food Display Cabinet Market
9. China Food Display Cabinet Market
10. India Food Display Cabinet Market
11. Japan Food Display Cabinet Market
12. Australia Food Display Cabinet Market
13. Indonesia Food Display Cabinet Market
14. South Korea Food Display Cabinet Market
15. Western Europe Food Display Cabinet Market
16. UK Food Display Cabinet Market
17. Germany Food Display Cabinet Market
18. France Food Display Cabinet Market
19. Italy Food Display Cabinet Market
20. Spain Food Display Cabinet Market
21. Eastern Europe Food Display Cabinet Market
22. Russia Food Display Cabinet Market
23. North America Food Display Cabinet Market
24. USA Food Display Cabinet Market
25. Canada Food Display Cabinet Market
26. South America Food Display Cabinet Market
27. Brazil Food Display Cabinet Market
28. Middle East Food Display Cabinet Market
29. Africa Food Display Cabinet Market
30. Food Display Cabinet Market Competitive Landscape and Company Profiles
31. Food Display Cabinet Market Other Major and Innovative Companies
35. Food Display Cabinet Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Food Display Cabinet Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on food display cabinet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for food display cabinet? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The food display cabinet market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Refrigerated Food Display Cabinets; Heated Food Display Cabinets2) By Materials: Glass; Stainless Steel; Wood; Plastic
3) By End User: Supermarket And Hypermarket; Restaurants; Bakery; Other End Users
Key Companies Mentioned: Carrier Global Corporation; The Middleby Corporation; Hoshizaki Corp; Epta Group; Standex International Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Carrier Global Corporation
- The Middleby Corporation
- Hoshizaki Corp
- Epta Group
- Standex International Corporation
- Beverage Air Corp
- Metalfrio Solutions S.A.
- True Manufacturing Company Inc
- Master-Bilt Products LLC
- Foster Refrigerator Ltd
- Hatco Corporation
- Alto-Shaam Inc.
- Lincat Group Plc.
- The Vollrath Company LLC
- Federal Industries
- Irinox S.p.A.
- APW Wyott
- Thermodyne Food Service Products Inc.
- Skyfood Equipment LLC
- BAMBAS FROST
- Kareliya Equipments
- Kitchnrama Food Service Equipment Pvt. Ltd.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | August 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 21.48 Billion |
Forecasted Market Value ( USD | $ 30.81 Billion |
Compound Annual Growth Rate | 9.4% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |