Press release
Spiral Freezer Market Efficient Cooling Solutions At a CAGR of 4.9% by 2032
Prime Determinants of Growth:The global spiral freezer market is experiencing growth due to several factors, including a rise in the food and beverage industry, a preference for consuming good-quality products, and demand for seasonal food throughout the year. However, rapid urbanization and rising demand for frozen foods are expected to offer lucrative opportunities for the growth of the market.
According to the report, the global spiral freezer industry generated $4.1 billion in 2020, and is anticipated to generate $7.3 billion by 2032, witnessing a CAGR of 4.9% from 2023 to 2032.
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Driving Demands:
A freezing technique called spiral freezing makes use of freezers that can keep an extensive amount of food cold while taking up little space and maintaining good quality. Spiral freezing allows food and beverage sectors to maintain the moisture, flavor, and texture of certain products like ice cream, frozen pizza, meat, bakery products, and more during the freezing process. Spiral freezers typically use cryogenic or mechanical refrigeration methods. In addition, it is widely used in the food manufacturing and preservation industry because it quickly and efficiently freezes various food products in a safe and effective manner.
The rise in demand for frozen meat and bakery products is anticipated to accelerate the growth of the spiral freezer market. The demand for increased freezing capacity, the capability to produce large quantities of frozen foods, and the rise in reliability requirements under adverse weather conditions are projected to contribute to the market expansion. In addition, the demand for cheap maintenance is projected to promote market expansion on a global scale.
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The small capacity segment to maintain its leadership status throughout the forecast period-
Based on capacity, the small capacity segment held the largest market share in 2020, accounting for nearly half of the global spiral freezer market revenue, and is expected to maintain its leadership status throughout the forecast period. Mini or small spiral freezers are ideal for processors looking for a scalable solution that is fully welded, mechanical, and compact.
Moreover, the increase in consumption of seasonal food throughout the year has fueled the growth of the segment. However, the medium capacity segment is projected to manifest the highest CAGR of 5.4% during the forecast period. The increase in consumption of bakery products in various countries is fueling the demand for medium-capacity spiral freezers. Increased efficiency, better quality control, and lower labor costs are some of the main benefits of medium-capacity spiral freezers.
The OEM segment to maintain its leadership status throughout the forecast period-
Based on business, the OEM segment held the highest market share in 2020, garnering nearly three-fourths of the global spiral freezer market revenue, and is expected to maintain its leadership status throughout the forecast period. VDL Systems has developed a unique, hygienic, and modularly packaged concept that significantly reduces on-site construction time. This unique spiral system is entirely constructed of stainless steel and can be prefabricated and then installed on-site.
However, the aftermarket would showcase the highest CAGR of 5.2% during the forecast period. Aftermarket parts are used to replace damaged parts in spiral freezers and other equipment, but their use may alter the coverage of an insured item. They are like generic parts in that they are cheaper than brand names but are likely to have similar effectiveness.
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Leading Market Players: -
Dantech Freezing Systems
FPS food process solutions
GEA Group AG
ICS Spiral Freezers
LINDE PLC
Mayekawa
RMF Works
Scanico a/s
Sinteco Impianti
VDL Systems BV.
The report provides a detailed analysis of these key players in the global spiral freezer market. These players have adopted different strategies to increase their market share and maintain dominant positions in different regions. The report is valuable in highlighting business performance, operating segments, product portfolios, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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