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Processed Food Consumption And Changing Diets Fuel Growth In The Freezers Market: A Key Catalyst Accelerating Freezers Market Growth in 2025
Freezers
What Is the Expected CAGR for the Freezers Market Through 2025?
There has been a robust expansion in the size of the freezers market in the past few years. The market is projected to rise from $7.64 billion in 2024 to $8.07 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.6%. Such growth during the historical period can be credited to factors such as modifications in food consumption habits, increasing urbanization, growth in income, necessity for food preservation, and demographic transformations.
What's the Projected Size of the Global Freezers Market by 2029?
The market scope for freezers is anticipated to exhibit consistent growth in the forthcoming years, escalating to $9.78 billion by 2029 with a compound annual growth rate (CAGR) of 4.9%. Factors driving this growth during the forecasting period encompass health and wellness trends, environmental sustainability, the rise of e-commerce and home delivery services, alterations in food choices, and the dynamics of the global supply chain. Prominent trends predicted for the forecast period involve the incorporation of quick freeze attributes, energy star and eco-friendly certifications, sophisticated defrosting procedures, dual cooling systems, and creative storage solutions.
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Top Growth Drivers in the Freezers Industry: What's Accelerating the Market?
The surge in the intake of processed food products like frozen meat, vegetables, and dairy items, in addition to the alteration in consumer eating habits, is propelling the growth of the freezer market. As a result of hectic lifestyle routines, consumers are progressively dependent on processed foods and ready-made meals, which need freezers for preservation. Rentokil suggests that the worldwide value of the processed food sector stands at $2 trillion. This expansive market for processed food items is predicted to fuel the development of the freezer market.
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What Trends Will Shape the Freezers Market Through 2029 and Beyond?
The growth of the freezers market is being hindered by severe pricing pressure on manufacturers. The market is populated with various players who are competing based on price, specifications, and other features. Compared to essentials, durable goods like TVs and freezers are more sensitive to price fluctuations. People generally buy more when prices drop and less when they go up.
What Are the Main Segments in the Freezers Market?
The freezers market covered in this report is segmented -
1) By Type Of Door: 1 Door, 2 Door, 3 Door, 4 Door
2) By Product: Chest Freezer, Upright Freezer, Other Products
3) By Application: Residential, Commercial, Industrial
Sub-Segments:
1) By 1 Door: Upright Freezers, Chest Freezers
2) By 2 Door: Vertical Freezers, Display Freezers
3) By 3 Door: Commercial Freezers, Multi-Compartment Freezers
4) By 4 Door: Large Commercial Freezers, Combination Freezer Or Refrigerator Units
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Which Top Companies are Driving Growth in the Freezers Market?
Major companies operating in the freezers market include Whirlpool Corporation, Haier Group Corporation, Electrolux AB, Samsung Electronics Co. Ltd., LG Electronics Inc., Siemens AG, Panasonic Corporation, Hitachi Ltd., Bosch GmbH, Liebherr Group, Midea Group Co. Ltd., Godrej & Boyce Mfg. Co. Ltd., Hisense Co. Ltd., Daikin Industries Ltd., Toshiba Corporation, Sharp Corporation, Arçelik A.Ş., Sub-Zero Group Inc., Danby Products Limited, Vestfrost Solutions, Avanti Products, Koolatron Corporation, Hussmann Corporation, Delfield Company, True Manufacturing Co. Inc., Thermo Fisher Scientific Inc., Carrier Global Corporation, U-Line Corporation, Dometic Group AB
Which Regions Will Dominate the Freezers Market Through 2029?
Asia Pacific was the largest region in the freezers market share in 2024. The regions covered in the freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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