June 13, 2024

The Rising Demand for Energy-Efficient Food Display Cabinets is Driving Growth in the Food Display Cabinet Market

The food display cabinet market manufactures equipment that displays prepared food items in restaurants, hotels, supermarket delicatessens, and other food retail outlets under a controlled temperature. These cabinets maintain optimal temperatures to keep food fresh for longer durations and prevent bacterial growth while on display. Equipped with features like LED illumination, anti-microbial glass, remote monitoring, and connectivity with central management systems, modern food display cabinets provide safe and hygienic storage of a wide variety of foods. Advanced temperature control technologies allow precise regulation of temperatures from ambient settings to below or above freezing points in different sections of the cabinet. The Global food display cabinet market is estimated to be valued at US$ 41.83 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the food display cabinet market are Carrier Global Corporation, Hatco Corp, The Vollrath Co. LLC., True Manufacturing Co Inc, Hoshizaki Corp, Alto-Shaam Inc., FRIGOGLASS S.A.I.C, The Middleby Corp, Kitchenrama, Kareliya equipments, Thermodyne, TFSE Products, Luminati, Tefcold, Al Razana kitchen. The growing food service industry worldwide coupled with rising consumer spending on food products presents significant opportunities for growth in the market. Technological advancements in refrigeration and digital control systems allow food display cabinets to precisely control temperature, humidity, lighting in each compartment.

Key opportunities in the market include growing organized retail sector and expanding network of quick-service restaurants globally. Convenience stores, supermarkets and hypermarkets continue investing in modern food display equipment to enhance customer experiences. Rising health awareness is benefiting demand for food display cabinets that maintain ideal temperatures for prepared salads, sandwiches and other ready-to-eat foods.

Technological advancements in the Food Display Cabinets Market Size include IoT integration, remote monitoring capabilities, energy efficient refrigeration systems, antibacterial surfaces and UV light sanitization. Advanced temperature control technologies allow precise regulation of temperatures from ambient settings to below or above freezing points in different sections of the cabinet. Connected display cabinets integrated with cloud-based platforms provide centralized control over operations at multiple retail outlets.

Market Drivers: The rapid expansion of the food retail and food services industry worldwide is a key driver for the food display cabinet market. Changing consumer lifestyles and rising disposable incomes are increasing the demand for high-quality prepared and packaged foods. This is benefiting investments in advanced food display equipment for supermarkets, restaurants and takeaway stores. Growing focus on food safety and hygiene compliance is also promoting the adoption of modern display cabinets equipped with features like temperature monitoring, light indicators and auto-closure doors.

Challenges in food display cabinet market:

The food display cabinet market is facing various challenges such as increasing operational and manufacturing costs, volatile raw material prices and availability of counterfeit products. Food Safety standards and regulations across regions also pose challenges for manufacturers. Strict laws and norms related to energy consumption of equipment also require additional investments in R&D by players. Frequent technology upgradation owing to changing consumer preferences further adds to the costs. Market players need to focus on cost optimization to sustain in this competitive market environment.

SWOT Analysis
Strength: Energy efficient models help reduce costs for end users. Wide temperature ranges allow storage/display of variety of food items.

Weakness: High initial investment required compared to traditional storage methods. Lack of standardization in technologies increases maintenance and service costs.

Opportunity: Growign demand from food chains, QSRs and catering industry due to rising food consumption outside homes. Development of smart cabinets with IoT/analytics offers new opportunities.

Threats: Price wars among local players. Disruption due to new technologies like digital merchandisers. Strict environmental regulations in some regions.

Geographical regions:

North America accounts for the largest share in terms of value owing to robust food service industry and organised retail sector in the US and Canada. Europe is another major regional market led by developed markets of UK, Germany, France and Italy. Asia Pacific is expected to be the fastest growing region due to large population, rising affluence and increasing food consumption outside homes especially in countries like China, India and ASEAN markets. Middle East & Africa and Latin America also present lucrative opportunities for players.

Fastest growing region:

Asia Pacific region is projected to witness fastest growth during the forecast period. This can be attributed to rising living standards, growing young population, rapid urbanization and expansion of global and local food chains in the region. Countries like China, India and Indonesia will be at forefront of this growth due to large consumer base and rising focus on food retail modernization. Establishment of manufacturing facilities by global players will also support cabinet sales across Asia in coming years.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it