Expected to Reach the Global Food Display Cabinet Market

Portland, OR, September 23, 2022 (GLOBE NEWSWIRE) — According to a report by Allied Market Research, global food display cabinet market It is estimated at $18.5 billion in 2021 and is expected to reach $41.4 billion by 2031, recording an 8.4% CAGR from 2022 to 2031. The report offers a detailed analysis of the best investment pockets, top winning strategies, drivers and opportunities, market size. & forecasts, competitive environment and emerging market trends. Market research is a useful source of information for pioneers, new entrants, investors, and shareholders to formulate future strategies and raise their market position. The report is intended solely to assist readers in a comprehensive assessment of industry analysis and trends.

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Report scope and details:

Report Scope Detail
Forecast Period 2022–2031
Base Year 2021
Market Size in 2021 $18.5 Billion
Market Size in 2031 $41.4 Billion
CAGR 8.4%
Number of Pages in the Report 250
Segments Covered Type, Materials, End User and Region.
drivers Promoting economic growth and growing populations in developing economies
limitations High production costs, increase in raw material prices and uncertainty in climatic conditions
Opportunities Regulatory support from several government agencies

Covid-19 scenario-

  • The temporary closure of fast food restaurants, motels and bakeries negatively impacted the global food display market, especially in the first period.
  • However, as the global situation got back on track, the food display cabinets market also recovered quite quickly.

The global food display cabinet market is analyzed by type, material, end user and region. The report takes a comprehensive analysis of the sections and their subsections with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and develop strategies by the highest-earning and fastest-growing segments outlined in the report.

By type, the refrigerated display cabinets segment contributed approximately three-fifths of global food display cabinet market revenue in 2021 and is expected to dominate by 2031. The same segment is also the period to exhibit the fastest CAGR of 8.4% throughout the forecast.

Based on materials, the stainless steel segment accounted for approximately one-third of total market revenue in 2021 and is expected to dominate by 2031. At the same time, the wood segment will show the fastest CAGR of 10.1% over the forecast period.

By end use, the bakery segment generated more than a third of total market revenue in 2021 and is expected to dominate by 2031. However, the others segment will reflect the fastest CAGR of 9.5% over the forecast period.

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By region, the market in North America accounted for more than a third of total market revenue in 2021 and is expected to hold the lion’s share by 2031. However, the LAMEA region will exhibit the fastest CAGR of 9.2%. forecast period. Other regions examined in the report include Asia-Pacific and Europe.

Key market players analyzed in the global food display cabinet market report include FRIGOGLASS SAIC, Hatco Corp., The Middlebycorp, Standex International Corp., Carrier Global Corp. and HOSHIZAKI Corp. These market players are partnership, expansion, cooperation, joint ventures and others to highlight their capabilities in the industry. The report helps in formulating business performance, product portfolio, business segments and improvements made by top players.

about us

Allied Market Research (AMR) is a full-service market research and business advisory wing of Portland, Oregon-based Allied Analytics LLP. Allied Market Research is of unmatched quality to medium and small businesses as well as global businesses.Market Research Reports” and “Business Intelligence Solutions.” AMR has a vision to provide business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.

We have professional corporate relationships with various companies and this helps us extract market data that helps us create accurate research data sheets and confirms the highest accuracy in our market forecasts. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high-quality data and assist customers in any way possible to achieve success. Each data presented in the reports published by us is derived from initial interviews with senior officials from leading companies in the relevant field. Our secondary data procurement methodology includes deep online and offline research and discussion with industry-savvy professionals and analysts.

        

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