Press release
Refrigerated Display Cases Market Report, Trends, Growth, Key Players, Share, Size, Forecast 2024-2032
According to the report by Expert Market Research (EMR), the global refrigerated display cases market size reached a value of USD 18.47 billion in 2023. Aided by the escalating demand for fresh, high-quality food products and the growing need for efficient food presentation solutions, the market is projected to further grow at a CAGR of 9.2% between 2024 and 2032 to reach a value of USD 40.50 billion by 2032.Refrigerated display cases (RDCs) are essential in preserving the quality, safety, and freshness of perishable goods such as meat, dairy products, fruits, vegetables, and prepared meals. Their utility spans various sectors, including supermarkets, convenience stores, bakeries, and restaurants, where the visual appeal of food products directly influences consumer purchasing decisions.
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The refrigerated display cases market growth is significantly fuelled by the retail sector's expansion, particularly in emerging economies where rapid urbanization, rising incomes, and evolving consumer preferences towards convenience and quality are prevalent. Additionally, the burgeoning food service sector, driven by the global rise in dining out and takeaway food services, further amplifies the demand for refrigerated display cases.
As per the refrigerated display cases market analysis, digitalisation and IoT integration in refrigerated display cases are emerging trends, offering real-time monitoring, predictive maintenance, and data analytics capabilities. These features enable retailers to optimise food safety, reduce waste, and improve inventory management, enhancing overall operational efficiency. Retailers and food service providers are increasingly seeking customised and modular refrigerated display cases that can adapt to changing store layouts and product offerings. Customisation options allow for personalised designs that fit specific aesthetic preferences and spatial requirements, enhancing the shopping experience.
There is a growing trend towards designing RDCs in the refrigerated display cases market that offer versatility in displaying a wide range of products, from fresh produce to frozen goods. This flexibility is crucial for retailers looking to maximise floor space and cater to diverse consumer preferences. Transparent and open display cases that offer unobstructed visibility of products are becoming more popular, as they encourage impulse purchases and enhance product attractiveness. This trend emphasises the importance of visual merchandising in food retail.
As per the refrigerated display cases market outlook, transparent and open display cases that offer unobstructed visibility of products are becoming more popular, as they encourage impulse purchases and enhance product attractiveness. This trend emphasises the importance of visual merchandising in food retail. Manufacturers of RDCs are increasingly focused on meeting stricter regulatory standards related to energy consumption, refrigerant use, and environmental sustainability. Compliance with these regulations not only mitigates environmental impact but also addresses consumer demands for eco-friendly retail practices.
Innovation and technological advancements play a pivotal role in the refrigerated display cases market expansion. Modern RDCs are equipped with energy-efficient systems, advanced cooling technologies, and smart features like LED lighting and digital temperature controls, which not only enhance product visibility but also contribute to sustainability and operational cost reduction. Sustainability and energy efficiency have become central themes in the market. Manufacturers are increasingly adopting eco-friendly refrigerants, materials, and designs to minimise environmental impact and meet stringent regulations on energy consumption and greenhouse gas emissions.
The competitive landscape of the market is characterised by the presence of numerous global and regional players. Companies are engaged in intense competition, striving for innovation, quality, and sustainability. Strategic collaborations, mergers, acquisitions, and the expansion of product portfolios are common strategies adopted by companies to enhance their refrigerated display cases market share and meet the diverse needs of customers.
Market Segmentation
The market can be divided based on type, product design, end use, and region.
Market Breakup by Type
Plug-In
Remote
Market Breakup by Product Design
Vertical
Horizontal
Hybrid and Semi-Vertical
Market Breakup by End Use
Food Service Sector
Quick Service Restaurants
Bakeries
Hotels
Others
Retail Sector
Fuel Station Stores
Hypermarkets
Supermarkets
Discount Stores
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Read Full Report with Table of Contents: https://www.expertmarketresearch.com/reports/refrigerated-display-cases-market
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global refrigerated display cases market. Some of the major players explored in the report by Expert Market Research are as follows:
Daikin Industries Ltd.
Carrier Global Corporation
Panasonic Corporation
FRIGOGLASS S.A.I.C.
Dover Corporation
Hoshizaki Corporation
Epta S.p.A.
Haier Inc.
Fagor Industrial S. Coop
Turbo Air Inc.
Others
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