Prep Refrigerators Market Size Industry Status Growth Opportunity For Leading Players To 2033

The global prep refrigerators market is set for substantial growth, with an expected valuation of US$ 8.2 billion in 2023. Bolstered by the increasing demand for eco-friendly refrigeration solutions, this market is projected to exhibit a noteworthy Compound Annual Growth Rate (CAGR) of 4.5% between 2023 and 2033. By 2033, it is anticipated to reach a substantial market worth of around US$ 12.7 billion.

One of the driving forces behind this growth is the rising adoption of commercial kitchens, particularly in the food service industry. According to Future Market Insights (FMI), the escalating growth of the food service sector, especially in emerging economies, is fueling the demand for large-scale food production. This surge in food production necessitates specialized equipment, including commercial kitchens and, consequently, prep refrigerators.

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The growth of the prep refrigerators market is also being driven by the expansion of the food service industry in emerging economies. A growing need for commercial kitchens and food storage solutions has been witnessed, as more people dine out more frequently. The need for customized and flexible refrigeration solutions that can meet the unique needs of individual businesses is also piquing the interest of food service providers in prep refrigerators.

Key Takeaways:

The global prep refrigerators market was valued at US$ 7.8 Billion by 2022.
From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
By type, combination refrigerated prep tables are expected to rise in demand at a CAGR of 4.3%.
By distribution channel, online retail stores are expected to dominate the market with a CAGR of 4.2%.

Competitive Landscape:

Prominent players in the prep refrigerators market are TRUE, Empura, Dover Corporation, Electrolux Professional, The Middleby Corporation, Delfield, Nella, New Air, Atosa, Beverage Air, Turbo Air, Universal, Haier Group, Hoshizaki, and Leader, among others.

Recent Developments:

In 2021, True Manufacturing announced the launch of a new line of glass door refrigerators and freezers that use natural refrigerants and are designed to be highly energy-efficient. The company also expanded its production facilities in Missouri to meet the growing demand for its products.
In 2021, Dover Corporation completed the acquisition of So-Low Environmental Equipment Co., a manufacturer of low-temperature freezers and refrigerators. The acquisition is expected to expand Dover's product portfolio and strengthen its position in the scientific and healthcare markets.
In 2021, Hoshizaki Corporation announced the launch of a new line of prep refrigerators with advanced features such as remote monitoring and digital controls.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global prep refrigerators market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the prep refrigerators market, the market is segmented on the basis of type (prep tables with doors, prep tables with drawers, and combination refrigerated prep tables), by top type (standard top, mega top, and cutting top), refrigeration method (air-cooled, cold wall, and liquid jacket), by distribution channel (offline stores, and online retail store) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East Africa).

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Key Segments Profiled:

By Type: