About Food Holding Cabinet
Food Holding Cabinet is also called as hot trays in which food is kept and preserved for a long time. These are highly efficient, fully insulated cabinet which is designed to keep food hot and fresh until it is ready to be served. Holding cabinets are majorly used in the kitchens of big restaurants, moreover, it comes in different patterns and temperature, as per the need for storage of food. Increasing demand from the food industry especially from the bakery sector is driving the market for food holding cabinet.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.1% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the food and beverage industry as well the grocery sector. It has wide application in various industry verticals. Several companies such as E-bay, Amazon, Flipkart, and Walmart are operating in the market to provide customers with various features & unique offering products, services, and prices. The market is a highly fragmented market with the presence of several market players and local players. The demand for the market is huge which has wide consumption from the various end-user that is triggering the market growth over the forecast period Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Food Holding Cabinet market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Vulcan Equipment (United States), Tutco-Farnam (United States), Lockwood (United States), Duke Manufacturing (United States), Alto-Shaam (United States), BARTSCHER GMBH (Germany), BOURGEAT (France), CARTER-HOFFMANN (United States), CRES COR (United States) and Enofrigo (Europe) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are INFRICO, S.L. (Spain), NATTAY ENTERPRISE (Spain), RANDELL (United States) and RETIGO (Czech Republic).
Segmentation Overview
AMA Research has segmented the market of Global Food Holding Cabinet market by Type (With Casters and Without Casters), Application (Commercial and Home) and Region.
On the basis of geography, the market of Food Holding Cabinet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Acceptance of These Cabinets in Airplane to Serve Ready to Eat Hot Food to Customers
Market Growth Drivers:
Increasing Number of People Who are Interested in Cooking and Rising Number of Restaurants across Global
Challenges:
Changing New Technologies Related to Food Holding Cabinets and Any Compromise in the Cabinet’s Insulation Can Create a Food Safety Issue
Restraints:
Availability of Different Substitutes in Market and High Cost of These Cabinets
Opportunities:
Growing Food and Beverages Sector In Developing Economies and Increasing Number of Catering Services to All Small and Large Functions in Both Developed and Developing Countries
Market Leaders and their expansionary development strategies
In November 2022, Hatco has made its second acquisition in as many months by buying Food Warming Equipment Company, Inc. (FWE). This strategic acquisition strengthens Hatco’s offerings in multiple industry segments, and we are excited about our strong future together.
In September 2023, Milan, Fri-Jado has launched a new self-serve heated merchandiser for packaged hot food-to-go. The MDD Hot unites maximum transparency for the best view of the product with patented Hot Blanket holding technology, and up to 50% less energy consumption than competitor equipment.
Key Target Audience
Potential Investors, Up and Down Stream Vendors, Food Industries, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.