Global Refrigerated Display Cases Market Report and Forecast 2024-2032

Global Refrigerated Display Cases Market Report and Forecast 2024-2032

Global Refrigerated Display Cases Market Report and Forecast 2024-2032

Market outlook

According to the report by Expert Market Research (EMR), the global refrigerated display cases market size reached a value of USD 18.3 billion in 2023. Aided by the increasing demand for fresh and perishable food products and the growing applications of refrigerated display cases in various sectors, the market is projected to further grow at a CAGR of 9.2% between 2024 and 2032 to reach a value of USD 40.50 billion by 2032.

Refrigerated display cases (Refrigerated display cases) are vital equipment in the retail and foodservice sectors, used to store and display perishable food products such as dairy, meat, beverages, and ready-to-eat meals. These cases help maintain optimal temperature and humidity levels, ensuring food safety and extending shelf life. Refrigerated display cases come in various types, including vertical, horizontal, and hybrid models, catering to different storage and display needs.

The increasing consumer preference for fresh and high-quality food products is driving the refrigerated display cases market growth. With rising health awareness and changing dietary habits, there is a growing demand for perishable and minimally processed food items, leading to a surge in the adoption of refrigerated display cases across supermarkets, convenience stores, and restaurants. Additionally, the expansion of the retail sector, particularly in emerging economies, is further propelling the demand for advanced refrigeration solutions.

Technological advancements in refrigeration systems also play a significant role in the growth of the market. Innovations such as energy-efficient compressors, advanced temperature control systems, and eco-friendly refrigerants have enhanced the performance and sustainability of refrigerated display cases. These advancements not only reduce operational costs but also align with the increasing emphasis on environmental sustainability, contributing to market expansion.

The expanding applications of refrigerated display cases in various sectors are significant contributors to the market's growth. In the food and beverage sector, refrigerated display cases are essential for displaying a wide range of products, from dairy and meat to beverages and frozen foods. The growing trend of on-the-go consumption and the rising number of quick-service restaurants have further increased the demand for refrigerated display cases to store and showcase ready-to-eat meals and beverages, consequently driving up the refrigerated display cases market share.

In the pharmaceutical and healthcare sectors, refrigerated display cases are used to store temperature-sensitive medicines, vaccines, and biological products. The stringent regulations regarding the storage and handling of pharmaceutical products have led to the adoption of advanced refrigeration solutions, ensuring product safety and efficacy.

North America holds a significant share in the, driven by the robust retail infrastructure and high consumer spending on fresh and premium food products. The presence of major retail chains and supermarkets, coupled with stringent food safety regulations, has boosted the demand for refrigerated display cases in the region. Moreover, the increasing focus on energy-efficient and eco-friendly refrigeration solutions is further driving market growth in North America.

As per the refrigerated display cases market analysis, Europe is another prominent market for refrigerated display cases, with countries like Germany, France, and the United Kingdom being major contributors. The well-established food and beverage industry, along with the rising demand for organic and locally sourced food products, has fuelled the adoption of refrigerated display cases in the region. Additionally, the implementation of stringent environmental regulations and energy efficiency standards has encouraged the use of advanced refrigeration technologies.

The market is poised for significant growth in the coming years, driven by the increasing demand for fresh and perishable food products, technological advancements, and the expansion of the retail sector. The growing awareness of food safety and quality, coupled with the rising emphasis on energy-efficient and eco-friendly refrigeration solutions, will further propel market expansion.

Market Segmentation

The market can be divided based on type, product design, end use, and region

Market Breakup by Type

• Plug-In
• Remote

Market Breakup by Product Design

• Vertical
• Horizontal
• Hybrid and Semi-Vertical

Market Breakup by End Use

• Food Service Sector
• Quick Service Restaurants
• Bakeries
• Hotels
• Others
• Retail Sector
• Fuel Station Stores
• Hypermarkets
• Supermarkets
• Discount Stores

Market Breakup by Region

• North America
• Europe
• Latin America
• Middle East and Africa
• Asia Pacific

Competitive landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global refrigerated display cases market. some of the major players explored in the report by expert market research are as follows:

• Daikin Industries Ltd.
• Carrier Global Corporation
• Panasonic Corporation
• FRIGOGLASS S.A.I.C.
• Dover Corporation
• Hoshizaki Corporation
• Epta S.p.A.
• Haier Inc.
• Fagor Industrial S. Coop
• Turbo Air Inc.
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.