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Spiral Freezers Global Market Analysis, Trends, Growth, Research And Forecast 2033
Spiral Freezers Global Market Analysis
According to The Business Research Company's, The spiral freezers market size has grown strongly in recent years. It will grow from $4.21 billion in 2023 to $4.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth in frozen food industry, increased in processed food consumption, expansion of quick-service restaurants, globalization of food supply chains, stringent food safety regulations.
The spiral freezers market size is expected to see strong growth in the next few years. It will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to focus on hygienic design, regional expansion of frozen food markets, continuous improvement in refrigerants, growing trend of single-serve frozen products, compliance with food safety regulations. Major trends in the forecast period include compact footprint and flexible configurations, automation and industry 4.0 integration, customization for diverse applications, advanced refrigeration technologies, collaboration with food manufacturers.
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Market Drivers and Trends:
The increased scope of the food and beverage industry is expected to drive the growth of the spiral freezer market going forward. The food and beverage industry includes all companies involved in processing, packaging, and distributing raw food materials, as well as transforming them into consumer food products. Spiral freezers are versatile systems used to cool and freeze products in the food and beverage industry. For instance, in April 2023, according to the Advance Monthly Retail Trade Survey report published by U.S. Census Bureau, a US-based government agency, retail, and food services sales in the United States reached $691.7 billion, indicating a 2.9% increase compared to March 2022. Food services and drinking places accounted for $96.527 billion in March 2023, an increase of 13.9% compared to $84.777 billion in March 2022. Therefore, the increased scope of the food and beverage industry drives the spiral freezer market.
Innovative freezing technologies are a key trend gaining popularity in the spiral freezer market. Major companies operating in the spiral freezer market are focused on developing innovative products equipped with efficient and sustainable technologies to strengthen their position and gain a competitive advantage. For instance, in March 2021, JBT Corporation, a US-based food processing machinery manufacturer, launched a new spiral freezer named JBT Northfield CleanFREEZETM Spiral Freezer. The CleanFREEZE freezer offers a hygienic design, exceptional efficiency, and effortless upkeep, making it suitable for freezing, chilling, and cooling a broad selection of packaged and individual quick-frozen (IQF) food products on a large scale. JBT's Clean-in-Place technology is incorporated into the CleanFREEZE freezer to simplify and enhance the sanitation process, requiring minimal manual intervention.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Advanced Equipment Inc.; FPS Food Process Solutions; ICS Spiral Freezers Inc.; Mayekawa Mfg. Co. Ltd.; John Bean Technologies Corporation; Airofreeze Inc.; IJ White & Sons Ltd.; Scanico A/S; Korutek Engineering Corporation; Seward Refrigeration Limited; Heinen & Löwenstein GmbH; GEA Group Aktiengesellschaft; Starfrost Corporation; Conovey Inc.; Square Technology Group Co. Ltd.; Alfa Laval AB; Americold Inc.; Anhydro SpA; Barry-Wehmiller Companies Inc.; Binder GmbH; Blue Star Limited; CFS srl; Cryogenmach LLC; Dorin SpA; Enexio GmbH; Food Engineering SAS; FrigorTec GmbH; Heat and Control Inc.; Kiremko NV; Marel hf; Mycom srl; Nidec Global Appliance Corporation; OctoFrost A/S; Perley-Halladay Associates Inc.; Pramac S.p.A.; RMF Companies Inc.; TGE srl
Spiral Freezers Market 2024 Key Insights:
• The spiral freezers market will grow to $5.72 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%.
• Expanding Horizons Of The Food And Beverage Industry Fuelling Growth In The Spiral Freezer Market
• Innovative Leap Revolutionizing Freezing Technologies In The Spiral Freezer Market
• North America was the largest region in the spiral freezers market in 2023
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