Blast Chillers Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research

North America blast chillers market size to cross $680 million valuation by 2026 | Catering segment to boost growth in Asia Pacific market | European industry to register 31.7% CAGR through the projected duration

Blast Chillers Market Size & Share 2020-2026, North America, Europe & APAC Industry Statistics with COVID-19 Impact Analysis: Graphical Research
North America blast chillers market size to cross $680 million valuation by 2026 | Catering segment to boost growth in Asia Pacific market | European industry to register 31.7% CAGR through the projected duration

Graphical Research has announced the launch of blast chillers market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

The following 7 trends have been encouraging the expansion of the global blast chillers market size:

Meat & fish processing sector in North America

North America boasts of one of the largest meat consuming populations worldwide. As such, the food processing sector in the region has extremely strong. As sea food and meat are highly susceptible to getting spoilt fast when not stored at the right temperature, blast chillers can play a crucial role in preventing losses across the meat & fish processing industry. Numerous kinds of meat and meat products need to be shipped from one location to the other on a frequent basis. This is likely to generate a growing demand for blast chillers in North America.

Consistent growth of the restaurant industry in U.S.

The rapid rise in the number of restaurants in the U.S. has also been accelerating the North America blast chillers market outlook. The country has been registering increasing visitor footfalls & sales in the past few years across the restaurants segment.

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As per the U.S. National Restaurant Association, the restaurant sector in the country was estimated to be worth over $899 billion during 2020. This can be a major favorable factor for the expansion of the North America blast chillers market outlook.

Thousands of restaurants, cafeterias, bakeries, supermarkets, and hypermarkets are present in the region. Since blast chillers can preserve food products at accurate temperatures and boost their shelf-life, they are essential equipment for the commercial kitchens in the region.

Penetration of large food retailing chains and supermarkets in APAC

The Asia Pacific blast chillers market outlook is expected to register a high growth rate through the upcoming years and the industry share from the region is expected to surpass $850 million by 2026. The high rate of demand is fostered by the emergence of large food retailing chains, supermarkets, and hypermarkets across the region.

Numerous leading retailers including Avenue Supermarkets Limited, Amazon, and Walmart have been focusing on geographic expansion across the region.

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Increased utilization by catering services in Asia

The catering segment in the Asia Pacific blast is set to attain a considerable portion of the market share over the forecast years. This trend can be accredited to the capability of blast chillers and blast freezers to ensure efficient transportation of large quantities of food to numerous locations, especially to event locations such as wedding and corporate party venues.

With the growing demand from commercial kitchens and catering services, market players have been addressing the requirements of these end-users and have been designing blast chillers specifically for their utilization. The bakery & confectionery segment has been pushing APAC blast chillers industry forecast with the demand for these cooling solutions. There is a thriving bakery industry across the region, coupled with the spiraling demand for desserts, cakes, pastries, ice-creams, and puddings.

Roll-in blast chillers across commercial enterprises

Numerous commercial enterprises including large hotel chains and warehouses in Asia Pacific have been displaying growing adoption of roll-in blast chillers and blast freezers of late. The industry trends can be attributed to strong spending power among consumers and growth of the infrastructure sector.

These blast chillers can store vast quantities of food products. They also provide higher number of shelves which improves their storage capacity. Roll-in blast chillers offer enhanced temperature control for a variety of food items, ensuring their optimal preservation.

Higher consumption of outside food in Europe

The growing demand for outside food in the European region has been eliciting more demand for blast chillers from restaurants, catering services, and eateries. On an average, every family residing in the UK spends more than $60.7 on hotels and restaurants on a weekly basis. This conveys that the trend of eating out is expected to stay afloat during the next few years, as the impact of the COVID-19 pandemic reduces.

The changing preferences of the individuals due to their hectic work schedules have been generating increasing demand for preserved food, otherwise known as convenience food.

Increasing Product launches across U.K.

Numerous industry participants in the UK have been focusing on the extension of their product portfolios through product launches. During February 2021, Irinox announced the launch of its new sustainable refrigerant, MutliFresh Next, which can offer upto 40% faster chilling and freezing for quicker cycles, promising zero emissions. Operators can also remotely monitor the operating data by connecting their smartphones to the FreshCloud app.

Fulgor Milano, Retigo S.R.O, Friginox, Irinox, Master-Bilt Products, Infrico SL, SMEG SPA, Williams Refrigeration, Tecnomac, Alto Shaam Inc., Victory refrigeration, Traulsen & Co., and AB Electrolux are some prominent blast chiller manufacturers globally.

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