The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

The Business Research Company’s Food Display Cabinet Global Market Report 2024 offers crucial insights into the food display cabinet market help businesses analyse and build stronger strategies.

 

Market Overview

• The food display cabinet market has seen significant growth recently.
• Market size grew from $19.66 billion in 2023 to $21.48 billion in 2024.
• Compound annual growth rate (CAGR) of 9.3% during this period.

 

Drivers of Historic Growth

• High demand for convenience foods.
• Need to keep food items fresh.
• Busy lifestyles and urbanization.
• Growth in the middle-class population.
• Rise in the need for food display cases for food freshness.

 

Future Market Projections

• Expected strong growth to $30.81 billion by 2028.
• Projected CAGR of 9.4% from 2024 to 2028.

 

Read The Full Food Display Cabinet Market Report Here:

https://www.thebusinessresearchcompany.com/report/food-display-cabinet-global-market-report

 

Key Growth Factors

• Increasing focus on food safety and quality.
• Growing demand for remanufactured food display cabinets.
• Expansion of the food service industry.
• Increasing focus on sustainability and energy efficiency.
• Changes in consumer living standards.

 

Trends and Technological Advancements

Market Trends

• Advancements in refrigeration technology.
• Increased focus on sustainability and energy efficiency.
• Adoption of solar power displays.
• Development of smart food display cabinets.
• Advanced temperature control in food display cabinets.

 

Technological Innovations

• Major companies are introducing new technologies.
• Example: Fri-Jado’s MDD Hot features mid-shelf heating and efficient air circulation.
• Benefits include maintaining optimum temperatures and energy savings.

 

Impact of Bakery Industry on Market Growth

Rise in Bakeries

• Increase in the number of bakeries driving market growth.
• Bakeries use display cabinets to showcase and preserve baked goods.

 

Statistics

• US private food and beverage stores rose from 159,059 in 2022 to 160,758 in 2023.
• Local and state government food and beverage stores also increased.

 

Conclusion

• Growth in bakeries is boosting demand for food display cabinets.

 

Industry Consolidation

Acquisition and Merger

• In September 2021, Ronin Equity Partners acquired QBD and Minus Forty.
• The merger aims to consolidate the fragmented refrigerated display case industry.

Companies Involved

• QBD Modular Systems Inc. and Minus Forty are Canada-based manufacturers.
• Acquisition expected to create a stronger market presence.

 

Market Segmentation

By Type

• Refrigerated Food Display Cabinets.
• Heated Food Display Cabinets.

By Materials

• Glass.
• Stainless Steel.
• Wood.
• Plastic.

By End User

• Supermarkets and Hypermarkets.
• Restaurants.
• Bakeries.
• Other End Users.

Regional Insights

• North America was the largest market in 2023.
• Asia-Pacific is expected to be the fastest-growing region during the forecast period.

The food display cabinet market is poised for continued growth and innovation, driven by increasing consumer demands and technological advancements.

 

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The Food Display Cabinet Global Market Report 2024  provides a comprehensive outlook of the food display cabinet market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The food display cabinet market forecast offers a thorough analysis on food display cabinet market size, food display cabinet market share, prominent players and their strategies.

 

The Table Of Content For The Food Display Cabinet Market Include:
1. Food Display Cabinet Market Executive Summary
2. Food Display Cabinet Market Segments
3. Food Display Cabinet Market Size And Food Display Cabinet Market Growth Rate
4. Key Food Display Cabinet Market Trends
5. Major Food Display Cabinet Market Drivers
……
25. Key Mergers And Acquisitions In The Food Display Cabinet Market
26. Top Food Display Cabinet Companies
27. Food Display Cabinet Market Opportunities And Strategies
28. Food Display Cabinet Market, Conclusions And Recommendations
29. Appendix

 

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