FOOD DISPLAY CABINET MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Food Display Cabinet Market Size and Trends

Global food display cabinet market is estimated to be valued at USD 23.63 Bn in 2024 and is expected to reach USD 41.83 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

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Advancements in technology coupled with rising focus on food safety and hygiene can boost demand for food display cabinets. The market is witnessing positive trends such as increasing adoption of energy-efficient and smart food display cabinets. Growing preference for aesthetically attractive, durable, and easy to maintain food display cabinets from food service providers can also drive the market growth. Rapid urbanization and changing lifestyles are expected to boost demand for advanced food display cabinets over the forecast period.

Growing Demand for Ready to Eat Food

The modern consumers prefer convenience and ease overelaborate meal preparation. People have increasingly hectic lifestyles and seek options that allow them to reduce time spent in the kitchen. Ready to eat foods have emerged as a popular choice as these eliminate the need for extensive cooking and preparation work. Food display cabinets have become instrumental in meeting the demand for freshly made and appetizing ready meals that can be accessed on the go. Restaurants and cafes rely heavily on food display cabinets to maintain and showcase their extensive ready to eat food variety. Even smaller establishments are utilizing these to provide more options beyond traditional snacks like sandwiches and salads. As nuclear families decline and single person householdsincreases, there has been rise in demand for convenient single servings. Display cabinets with temperature-controlled zones allow showcasing of ready to eat food for all meal periods in an attractive manner that appeals to customers. Their ability to maintain optimal temperatures ensure that food quality and freshness is retained during display. This has encouraged their usage across various food outlets.

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The experience economy is fundamentally changing the way consumers approach markets around the world. Customers are increasingly seeking memorable and engaging experiences when purchasing goods and services. In the food retail space, this shift towards experiences is driving significant growth in the global food display cabinet market.  As consumers expect more than just products on shelves when shopping for groceries, restaurants and cafes, retailers are investing heavily in innovative food display solutions that offer interactive and appealing experiences. Modern digital food display cabinets with touchscreens and virtual product information are helping brands stage memorable presentations of their food offerings. These high-tech displays provide a browsing experience more akin to a multimedia mobile app than a traditional retail setup. Dynamic lighting, motion sensors and multimedia content integrated within cabinets keep customers engrossed far longer than static displays ever could.  Also seeing demand rise for specialty cabinet designs tailored for particular cuisines and cooking styles. As a result, manufacturers are diversifying their portfolio to include specialized sushi, bakeware and prepared meal cabinets with optimal temperature, humidity and presentation controls. The growing popularity of food-to-go options is boosting ‘grab-and-go’ cabinet sales as well. According to the UN's Food and Agriculture Organization, 78% of developing countries experienced annual expenditure growth on Ultra-processed food and fast food between 2000-2013, with highest growth rates seen in Asia and Africa. This on-the-go eating trend will continue driving higher use of interactive takeaway cabinets globally in the coming years.