NEWARK, DE / ACCESSWIRE / May 11, 2023 / According to Future Market Insights, the prep refrigerators market is forecast to register a CAGR of 4.5% from 2023 to 2033. By the end of the said period of assessment, a valuation of US$ 12.7 Billion is anticipated for the market. By 2023 end, sales of prep refrigerators are expected to total US$ 8.2 Billion. The increasing demand for food preservation and storage solutions is revving up the demand for prep refrigerators. There is a growing need for reliable and efficient refrigeration units to keep food fresh and safe for consumption, as more businesses enter the market.
The increasing popularity of frozen and prepared foods is another factor fueling the market growth. Consumers are increasingly turning to pre-made meals and frozen foods that can be quickly and easily prepared, with the rise of busy lifestyles and changing eating habits. The trend has led to a surge in demand for commercial refrigeration units to store and preserve these products. There is a growing focus on energy efficiency and sustainability in the food service industry. There is a greater demand for energy-efficient refrigeration solutions that use natural refrigerants and other eco-friendly technologies, as businesses seek to reduce their environmental impact and operating costs.
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The growth of the prep refrigerators market is also being driven by the expansion of the food service industry in emerging economies. A growing need for commercial kitchens and food storage solutions has been witnessed, as more people dine out more frequently. The need for customized and flexible refrigeration solutions that can meet the unique needs of individual businesses is also piquing the interest of food service providers in prep refrigerators.
Key Takeaways:
- The global prep refrigerators market was valued at US$ 7.8 Billion by 2022.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
- North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
- By type, combination refrigerated prep tables are expected to rise in demand at a CAGR of 4.3%.
- By distribution channel, online retail stores are expected to dominate the market with a CAGR of 4.2%.
Competitive Landscape:
Prominent players in the prep refrigerators market are TRUE, Empura, Dover Corporation, Electrolux Professional, The Middleby Corporation, Delfield, Nella, New Air, Atosa, Beverage Air, Turbo Air, Universal, Haier Group, Hoshizaki, and Leader, among others.
Recent Developments:
- In 2021, True Manufacturing announced the launch of a new line of glass door refrigerators and freezers that use natural refrigerants and are designed to be highly energy-efficient. The company also expanded its production facilities in Missouri to meet the growing demand for its products.
- In 2021, Dover Corporation completed the acquisition of So-Low Environmental Equipment Co., a manufacturer of low-temperature freezers and refrigerators. The acquisition is expected to expand Dover's product portfolio and strengthen its position in the scientific and healthcare markets.
- In 2021, Hoshizaki Corporation announced the launch of a new line of prep refrigerators with advanced features such as remote monitoring and digital controls.
More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global prep refrigerators market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the prep refrigerators market, the market is segmented on the basis of type (prep tables with doors, prep tables with drawers, and combination refrigerated prep tables), by top type (standard top, mega top, and cutting top), refrigeration method (air-cooled, cold wall, and liquid jacket), by distribution channel (offline stores, and online retail store) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
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Key Segments Profiled:
By Type:
- Prep Tables with Doors
- Prep Tables with Drawers
- Combination Refrigerated Prep Tables
By Top Type:
- Standard Top
- Mega Top
- Cutting Top
By Refrigeration Method:
- Air Cooled
- Cold Wall
- Liquid Jacket
By Distribution Channel:
- Offline Stores
- Hypermarkets
- Departmental Stores
- Multi-brand Stores
- Discount Stores
- Specialty Stores
- Online Retail Stores
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Table of Content (ToC):
1. Executive Summary | Prep Refrigerators Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter's Analysis
3.9. Regulatory Landscape
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistic
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Type, 2023 to 2033
5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Top Type
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Top Type, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Top Type, 2023 to 2033
6.4. Y-o-Y Growth Trend Analysis By Top Type, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Top Type, 2023 to 2033
Complete TOC: https://www.futuremarketinsights.com/toc/rep-gb-17120
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