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US Commercial Refrigeration System For Food Service Market is expected to reach US$ 3,051.42 million by 2030

US Commercial Refrigeration System For Food Service Market is growing at a CAGR of 5.2% to reach US$ 3,051.42 million by 2030 from US$ 2,136.85 million in 2023 by Type, Application, Door Type, and Section Type.

By The Insight Partners

Growing Demand for Frozen and Processed Food To Boost US Commercial Refrigeration System For Food Service Market Growth During 2023–2030

According to a new market study titled "US Commercial Refrigeration System For Food Service Market Forecast to 2028 – COVID-19 Impact and Country Analysis – by Type, Application, Door Type, and Section Type," the market is expected to grow from US$ 2,136.85 million in 2023 to US$ 3,051.42 million by 2030; it is estimated to register a CAGR of 5.2% from 2023 to 2030. The report provides trends prevailing in the market along with drivers and restraints.

The demand for frozen food increased rapidly in the US during the peak of the COVID-19 outbreak in 2020. According to the American Frozen Food Institute (AFFI), frozen food sales increased to US$ 65.8 billion in 2020 from US$ 54 billion in 2019, a rise of 22%. In 2022, the demand for frozen food was growing rapidly. According to AFFI, in 2022, frozen food sales reached US$ 72.2 billion and increased by 8.6% from sales in 2021. Also, compared to pre-pandemic levels, in 2022, the demand for frozen processed meat, frozen snacks, frozen seafood, and other frozen foods doubled. The sales of frozen processed meat were US$ 4.9 billion in 2022, an increase of 74.3% compared to 2019. Similarly, frozen snack sales reached US$ 3.5 billion in 2022 (a rise of 58.5% compared to 2019), while frozen seafood sales reached US$ 7.1 billion (an increase of 36.9% compared to 2019). The rising frozen and processed food sales are fueling the growth of the US commercial refrigeration system for food service market.

Frozen foods help ensure cost efficiency and reduce food wastage, which is raising their demand. In the US, the popularity of frozen foods is rising among the population as it is the most convenient option. This is compelling the supermarkets and hypermarkets to display a wide range of healthy frozen food options in stores. Many brands provide healthy and nutritious frozen food that is gluten-free, organic, low-carb, high-protein, etc. Thus, all the above benefits of frozen and processed food are raising its demand in the US, driving the US commercial refrigeration system for food service market growth.

Based on type, the US commercial refrigeration system for food service market is segmented into refrigerator, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. In US commercial refrigeration system for food service market, refrigerator segment holds the largest share in 2022. Commercial refrigerators are the most essential equipment in the food service industry. They are used to store and preserve food products at safe temperatures, preventing them from spoilage and contamination to keep the products fresh and safe for consumption. In the food service industry, refrigerators are mostly used by food producers, restaurants, supermarkets, grocery stores, catering operations, and other food establishments for the safe storage of high-quality ingredients. Further, by helping to preserve food for a long time, refrigerators also help in reducing wastage. Thus, the growing use of refrigerators in the food service industry is fueling the growth of the US commercial refrigeration system for food service market . Refrigerators segment in the US commercial refrigeration system for food service market is further sub-segmented into reach-in, pass-thru, roll-in/roll-thru, and dual temp. Reach-in refrigerators are widely used in commercial kitchens. They provide extra space to keep perishable items at a safe holding temperature. In addition, commercial reach-in refrigerators help cooks to serve high-quality products. They are available in many sizes, styles, and configurations. Reach-in refrigerators have solid or glass doors, single or multiple sections, and comprise top or bottom-mounted compressors. The glass door refrigerators allow customers to view products easily, whereas solid-door units are a durable option for back-of-house operations. The average operating temperature for a commercial reach-in refrigerator is between 35°F and 38°F. They are used to store prepared food items, beverages, salads, and other complementary items until purchase. All these features are boosting the demand for reach-in refrigerators, further fueling the growth of the US commercial refrigeration system for food service market.

True Manufacturing Co Inc, Hoshizaki Corp, Marmon Holdings Inc, Traulsen & Co Inc, and Beverage-Air Corp are key US commercial refrigeration system for food service market players operating in the market profiled in the research study. These US commercial refrigeration system for food service market players are working in adopt organic growth strategies, such as product launches and expansions, to sustain their position in the US commercial refrigeration system for service industry.

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