How is the Refrigerated Display Case Market Growing?

Market Overview

The refrigerated display case market is anticipated to surpass USD 10,034.30 million in 2024 and a valuation of US$ 17,633.71 million by 2034, expanding at a CAGR of 5.80% from 2024 to 2034 (link).

Health and Wellness Trends

The focus on health and well-being is pushing consumer tastes towards fresher meals. Refrigerated display cases allow merchants to exhibit fresh vegetables, salads, pre-cut fruits, and other healthy alternatives, making fresh and healthy meals more accessible.

Convenience Stores and Quick Meals

Convenience shops are growing in popularity due to the fast-paced nature of modern living. Refrigerated display cabinets are indispensable in these establishments, showcasing ready-to-eat meals, drinks, and grab-and-go snacks.

Regional Growth

Countries in South Asia, Latin America, and the Middle East & Africa are experiencing a surge in the construction of supermarkets, hypermarkets, and convenience stores. Economic growth in these regions is likely to favor the market in the coming years.

Technological Advancements

Technological advancements are making refrigerated display cases more energy-efficient and affordable. Continuous improvements are driving market expansion, especially in developing countries where affordable solutions are in demand.

Competitive Landscape

The market is fairly competitive, with leading companies like Hussmann Corporation, Carrier Commercial Refrigeration, and Epta S.p.A. dominating due to their diverse product offerings and technical innovation.

Recent Developments

• In January 2024, Hussmann launched Evolve Technologies™, enabling the use of eco-friendly refrigerants like R-744 (CO2) and R-290 (propane).
• In October 2023, AHT launched propane-based refrigerated cabinets (R290) with energy consumption ranging from class B to D.

Challenges

Manufacturers face challenges in complying with refrigerant regulations and producing low global warming potential (GWP) refrigerants. However, they are focusing on sustainable options to meet consumer requirements.

Future Prospects

The refrigerated display case market is expected to develop rapidly due to changing customer tastes and technological improvements. Manufacturers must prioritize innovation, quality, and sustainability to remain competitive.

“The refrigerated display case market is expected to develop rapidly due to changing customer tastes and technological improvements. To remain competitive, manufacturers must put innovation, quality, and sustainability first. E-commerce platforms and strategic alliances provide growth prospects.” opines Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).