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.
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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).
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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.
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Published by: Future Market Insights, Inc.