This report presents a fact-based view of the refrigerated display cases sector to help companies respond to market shifts and uncover growth potential.
How Large Will The Refrigerated Display Cases Market Be By 2025?
The refrigerated display cases market size has grown strongly in recent years. It will grow from $8.15 billion in 2024 to $8.88 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to increased consumer demand for fresh and perishable foods, growing awareness of food safety and hygiene standards, the rise in the number of supermarket and hypermarket chains, increased focus on energy efficient refrigeration solutions, growing investments in the retail sector, growing environmental regulations and sustainability, rising disposable incomes, growing demand for ready to eat and prepackaged foods.
The refrigerated display cases market size is expected to see strong growth in the next few years. It will grow to $12.65 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for fresh and frozen foods, increasing investments in cold chain infrastructure, rising awareness about food safety and hygiene, growing consumer demand for transparent display cases. Major trends in the forecast period include adoption of energy efficient technologies, development of smart refrigerated display cases incorporating IoT capabilities, advancement in sustainable refrigerants, adoption of transparent OLED displays, development of modular and customizable refrigerated display solutions, advancement in temperature control technologies, adoption of augmented reality (AR) features, development of hybrid refrigeration systems, advancement in remote monitoring and inventory management software, adoption of curved glass designs, adoption of voice-controlled interfaces in refrigerated displays.
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What Are Key Factors Driving The Demand In The Global Refrigerated Display Cases Market?
The growing demand for frozen and chilled food products is expected to propel the growth of the refrigerated display cases market going forward. Frozen food products are stored below freezing, while chilled food products are stored at cool temperatures but not frozen, both requiring specific storage conditions to maintain quality and safety. Frozen and chilled food products are in demand due to convenience, improved preservation technology, urbanization, busy lifestyles, and efforts to reduce food waste. Refrigerated display cases are essential for showcasing frozen and chilled food products, which attract customers with their freshness and variety. These products help maintain visually appealing and well-stocked displays, enticing customers to purchase. For instance, in January 2023, according to the American Frozen Food Institute, a US-based non-profit organization, frozen food sales grew by 8.6%, reaching $72.2 billion in 2022, compared to the previous year's sales in 2021.. Therefore, the growing demand for frozen and chilled food products drives the refrigerated display cases market.
Comparative Analysis Of Leading Refrigerated Display Cases Market Segments
The refrigerated display cases market covered in this report is segmented –
1) By Type: Plug-In, Semi Plug-In, Remote
2) By Design: Vertical, Horizontal, Hybrid
3) By Application: Retail Stores, Restaurants And Hotels, Other Applications
4) By End-User: Supermarkets, Convenience Stores
Subsegments:
1) By Plug-In: Vertical Plug-In Display Cases, Horizontal Plug-In Display Cases, Multi-Deck Plug-In Display Cases, Upright Plug-In Display Cases, Countertop Plug-In Display Cases
2) By Semi Plug-In: Vertical Semi Plug-In Display Cases, Horizontal Semi Plug-In Display Cases, Self-Contained Semi Plug-In Display Cases, Commercial Semi Plug-In Display Cases
3) By Remote: Vertical Remote Refrigerated Display Cases, Horizontal Remote Refrigerated Display Cases, Remote Multi-Deck Display Cases, Remote Meat And Fish Display Cases
What Are The Key Trends Shaping The Refrigerated Display Cases Industry?
Major companies operating in the refrigerated display cases market are developing plug-in island cabinets to enhance energy efficiency and reduce environmental impact. Plug-in island cabinets are self-contained refrigerated display cases easily plugged into a standard electrical outlet. For instance, in June 2022, Carrier Commercial Refrigeration, a US-based food retail and cold storage company, launched EasyCube, an energy-efficient plug-in island cabinet. This versatile unit switches between chilled and frozen refrigeration, featuring electronic controls, an integrated temperature display, automatic defrost, and drip water evaporation. Its ultra-slim, transparent design with easy-open sliding lids ensures excellent product visibility and accessibility. It's ideal for showcasing seasonal products in promotional store locations.
Who Are The Prominent Players In The Refrigerated Display Cases Business?
Major companies operating in the refrigerated display cases market are Panasonic Corporation, Haier Inc., Daikin Industries Ltd., Carrier Global, Dover Corporation, Hussmann Corporation, Hillphoenix, Metalfrio Solutions, The Vollrath Company LLC, True Manufacturing Co. Inc., AHT Cooling Systems, Hoshizaki America Inc., ISA SpA, Ugur Cooling, Kysor Waren, Epta Corporate, Zero Zone Inc., A/S Vestfrost, Arneg S.P.A, Turbo Air Inc., Orford Refrigeration, Migali, Afinox srl, Dvorson, Fagor Professional
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Which Region Is Expected To Lead The Refrigerated Display Cases Market By 2025?
Europe was the largest region in the refrigerated display cases market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refrigerated display cases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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