Monday, September 25, 2023

Prep Refrigerator Market expected to Reach US$ 12.7 Billion by 2033 with a CAGR of 4.5% | Future Market Insights, Inc.

Last updated Sunday, September 10, 2023 11:21 ET , Source: Future Market Insights, Inc.

Newark, United States, 09/10/2023 / Future Market Insights, Inc. /

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 assessment period, 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 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.

To access the Research Report Overview, download a sample PDF: https://www.futuremarketinsights.com/reports/sample/rep-gb-17120

The prep refrigerators market’s growth is also 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 from the Prep Refrigerator Market Study

  • 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%

A prep refrigerator is a crucial appliance in food service, ensuring food safety and efficiency in commercial kitchens. Its use is indispensable for food storage, preparation, and quality control. – Lead Analyst, Future Market Insights, Inc.

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

Recent Developments:

  • In 2021, True Manufacturing announced the launch of a new 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 product demand.
  • 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 based on 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).

Get a detailed report at attractive discounts: https://www.futuremarketinsights.com/checkout/17120

Key Segments from the Prep Refrigerator Market Survey:

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

Author By:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions, post-merger integration, and cost reduction. Nandini has an MBA in Finance from the MIT School of Business. She also holds a Bachelor’s in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications and quoted in journals, including Beverage Industry, Bloomberg, and Wine Industry Advisor.

Explore FMI’s Extensive Coverage on the Process Automation Domain:

Dough Processing System Market Size: The dough processing system market is anticipated to expand at a CAGR of 4.4% during the forecast period between 2022 and 2032.

Electric Milkshake Machine Market Share: The global electric milkshake machine market size reached US$ 1666.2 million in 2022 and it is expected to increase at a steady CAGR of 5.6% between 2022 and 2032.

Horse Bunk Feeder Market Outlook: The global horse bunk feeder market is estimated to reach US$ 1,108 million by 2033, up from US$ 590 million in 2023, exhibiting a CAGR of 6.5%.

Rice Mill Machine Market Key trends: From 2023 to 2033, the global rice mill machine market is expected to grow at a slow and steady CAGR of 4.0%. The market valuation is projected to increase from US$ 192.1 million in 2023 to US$ 284.4 million by 2033.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:     

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
[email protected]
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

The post Prep Refrigerator Market expected to Reach US$ 12.7 Billion by 2033 with a CAGR of 4.5% | Future Market Insights, Inc. appeared first on Future Market Insights.

Original Source of the original story >> Prep Refrigerator Market expected to Reach US$ 12.7 Billion by 2033 with a CAGR of 4.5% | Future Market Insights, Inc.