What Is The Scope Of The Global Refrigerated Display Cases Market?
Refrigerated display cases refer to specialized devices designed to hold and exhibit perishable and temperature-sensitive items. These cases are made from sturdy, hygienic, and non-corrosive materials. They are equipped with control systems, lighting, fans, compressors, condensers, and evaporators to maintain a constant temperature and prevent spoilage.
Refrigerated Display Cases Global Market Report 2024 provides data on the global refrigerated display cases market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Refrigerated Display Cases market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Forecasted Market Size And Growth Rates For Global Refrigerated Display Cases?
The refrigerated display cases market has experienced rapid growth in recent years. It is projected to increase from $7.4 billion in 2023 to $8.15 billion in 2024, with a compound annual growth rate (CAGR) of 10.2%. This historic growth is driven by heightened consumer demand for fresh and perishable foods, greater awareness of food safety and hygiene, the expansion of supermarket and hypermarket chains, a focus on energy-efficient refrigeration solutions, increased investments in the retail sector, stricter environmental regulations and sustainability efforts, rising disposable incomes, and the growing demand for ready-to-eat and prepackaged foods. Looking ahead, the market is expected to continue its rapid growth, reaching $12.11 billion in 2028, with a CAGR of 10.4%. This future growth is attributed to rising demand for fresh and frozen foods, increased investments in cold chain infrastructure, heightened awareness about food safety and hygiene, and growing consumer preference for transparent display cases. Key trends in the forecast period include the adoption of energy-efficient technologies, the development of smart refrigerated display cases with IoT capabilities, advancements in sustainable refrigerants, the use of transparent OLED displays, the creation of modular and customizable refrigerated display solutions, improvements in temperature control technologies, the integration of augmented reality (AR) features, development of hybrid refrigeration systems, enhancements in remote monitoring and inventory management software, and the adoption of curved glass designs and voice-controlled interfaces.
What Factors Are Driving Growth In The Refrigerated Display Cases Market?
The growing demand for frozen and chilled food products is expected to propel the growth of the refrigerated display cases market going forward. Frozen food products are stored below freezing, while chilled food products are stored at cool temperatures, requiring specific storage conditions to maintain quality and safety. The demand for these products is driven by factors such as convenience, improved preservation technology, urbanization, busy lifestyles, and efforts to reduce food waste. Refrigerated display cases play a crucial role in showcasing frozen and chilled food products, helping to attract customers with their freshness and variety, and maintaining visually appealing and well-stocked displays. For instance, in March 2024, the United States Census Bureau, a US-based government agency, reported that sales in the frozen food manufacturing sector increased from $33.9 million in 2020 to $35.3 million in 2021, with a slight rise in annual payroll from $4.1 million to $4.3 million. Therefore, the growing demand for frozen and chilled food products is anticipated to drive the refrigerated display cases market, which is projected to reach $A billion in 2023, $B billion in 2024, and $C billion in 2028.
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What Are The Main Segments Of The Global Refrigerated Display Cases Market?
The refrigerated display cases market covered in this report is segmented –
1) By Type: Plug-In, Semi Plug-In, Remote
2) By Design: Vertical, Horizontal, Hybrid
3) By Application: Retail Stores, Restaurants And Hotels, Other Applications
4) By End-User: Supermarkets, Convenience Stores
What Emerging Trends Are Influencing The Growth Of The Refrigerated Display Cases Market?
Companies in the refrigerated display cases market are developing plug-in island cabinets to boost energy efficiency and lessen environmental impact. Plug-in island cabinets are self-contained refrigerated display cases that easily connect to standard electrical outlets. For instance, in June 2022, Carrier Commercial Refrigeration, a US-based company specializing in food retail and cold storage, introduced EasyCube, an energy-efficient plug-in island cabinet. This versatile unit offers both chilled and frozen refrigeration, featuring electronic controls, an integrated temperature display, automatic defrost, and a transparent design for excellent product visibility. It is ideal for showcasing seasonal products in promotional store locations.
What Is The Largest Region In The Refrigerated Display Cases Market?
Europe was the largest region in the refrigerated display cases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refrigerated display cases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
