Portland, OR, Sept. 23, 2022 (GLOBE NEWSWIRE) — According to a report published by Allied Market Research, the global buy food display cabinets was estimated at USD 18.5 billion in 2021 and is expected to reach USD 41.4 billion by 2031, registering a CAGR of 8.4% from 2022 to 2031. The report provides a detailed analysis of top investment pockets, top earning strategies , drivers and opportunities, market size & estimates, competitive landscape and evolving market trends. Market research is a useful source of information for pioneers, new entrants, investors and shareholders in creating strategies for the future and strengthening their market position. The report is solely intended to assist readers with a comprehensive assessment of industry analysis and trends.
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Coverage and reference details:
|Market size in 2021||18.5 billion dollars|
|Market size in 2031||$41.4 billion|
|Number of pages in the report||250|
|Covered sections||Type, Materials, End User and Region.|
|Guides||Stimulating economic growth and population growth in emerging economies|
|Restrictions||High production costs, rising raw material prices and uncertainty in climate conditions|
|Chances||Regulatory support from various government agencies|
- The temporary closure of fast food restaurants, motels and bakeries adversely affected the global food display market, especially during the initial period.
- However, as the global situation got back on track, the market for food display cases also recovered quite quickly.
The global food display cabinets market is analyzed by type, materials, end user and region. The report includes an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the analysis and devise strategies based on the highest revenue and fastest growing segments mentioned in the report.
Based on type, the food freezer cabinets segment contributed nearly three-fifths of the revenue of the global food display cabinets market in 2021 and is expected to dominate by 2031. The same segment would also exhibit the fastest CAGR of 8.4% throughout the forecast period.
Based on materials, the stainless steel segment accounted for approximately one-third of the total market revenue in 2021 and is expected to dominate by 2031. The wood segment, meanwhile, will report the fastest CAGR of 10.1% throughout the forecast period .
On the basis of end-use, the bakery segment accounted for more than one-third of the total market revenue in 2021 and is expected to dominate by 2031. The remaining segment, however, would witness the fastest CAGR of 9.5% throughout the forecast period .
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On the basis of region, the market across North America generated more than one-third of the total market revenue in 2021 and is expected to retain the lion’s share through 2031. The LAMEA region, however, would exhibit the fastest CAGR of 9 .2% during the forecast period. The other regions studied in the report include Asia Pacific and Europe.
The key market players analyzed in the global food cabinet market report include FRIGOGLASS SAIC, Hatco Corp., The Middlebycorp, Standex International Corp., Carrier Global Corp. and HOSHIZAKI Corp. collaboration, joint ventures and more to showcase their prowess in the industry. The report is helpful in shaping the business performance, product portfolio, functional areas and developments of the leading players.
Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality”Market Research Reports” and “Business Intelligence Solutions.” AMR has a focused view of providing business intelligence and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market sector.
We are in professional partnerships with various companies and this helps us to discover market data which helps us to create accurate research data tables and confirms maximum accuracy in our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high data quality and help clients succeed in every possible way. All data presented in the reports we publish are extracted through primary interviews with top executives from leading companies in the relevant field. Our secondary data sourcing methodology involves deep online and offline research and discussion with experienced industry professionals and analysts.