PUBLISHER: KBV Research | PRODUCT CODE: 1353529
PUBLISHER: KBV Research | PRODUCT CODE: 1353529
The Global Spiral Freezer Market size is expected to reach $5.8 billion by 2030, rising at a market growth of 4.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 91,903.6 units, experiencing a growth of 3.1% (2019-2022).
During the projected period, spiral freezer demand is anticipated to increase due to growth in the food & beverage industries in both developing and developed nations like India, China, Japan, and Singapore. Therefore, the Asia Pacific region is expected to capture more than 37% share of the market by 2030. The food and beverage industry's various standards and regulations have increased demand for spiral freezers. These restrictions impact numerous sectors, particularly those that prepare food and beverages to provide safe and fresh goods. Factors including population increase, health consciousness, a rising food and beverage industry, and strict environmental restrictions are also fueling the expansion of the market in the region. Some of the factors impacting the market are rising popularity of seasonal food, increasing demand for frozen food, and competition from alternative freezing techniques.
The market is predicted to expand more quickly due to rising consumer demand for high-quality products. The demand for increased freezing capacity, the capability to produce large quantities of frozen goods, and the rise in reliability requirements under adverse weather conditions will all contribute to the market's expansion. Additionally, these items assist freeze food for a brief period and are energy efficient. The enormous global need for seasonal commodities, such as seasonal fruits and vegetables, will fuel the demand for the product. Because of customers' busy lifestyles, there is a rising need for convenience in processed food companies. The demand for frozen foods is thus increased by consumers. This demand is further accelerated by the rising disposable incomes since it boosts consumers' purchasing power, and, thus, has a significant impact on the development of the frozen food industry. Frozen meals offer a quick and simple supper alternative for busy people and families. The demand for products like spiral freezers will rise as a result of the rise in demand for frozen foods, which will fuel market growth.
However, the food processing business offers a variety of freezing techniques, including tunnel freezers, blast freezers, and IQF (individually fast frozen) systems. These alternative freezing techniques might cause pressure on the market. The most popular among these are tunnel freezers. The application is an essential phase in the production process for many food producers. Products are efficiently and quickly cooled using a cryogenic tunnel freezer. Therefore, the existence of such alternatives may limit market expansion in the coming years.
Application Outlook
Based on application, the market is fragmented into meat processing, seafood, bakery, and others. The seafood segment garnered a significant revenue share in the market in 2022. Spiral freezers are the finest for seafood preservation since it requires immediate freezing. The demand for spiral freezers for seafood is at its peak because they can be particularly helpful for high-value perishable commodities like seafood and fishery goods, where quality preservation is essential for long-term storage stability after harvest.
Capacity Outlook
On the basis of capacity, the market is segmented into small capacity, medium capacity, and large capacity. In 2022, the small capacity segment dominated the market with the maximum revenue share. Processors searching for a mechanical, compact, completely welded, scalable solution might consider mini or small spiral freezers. Additionally, the segment has grown due to the rise in seasonal food consumption year-round.
Business Outlook
By business, the market is classified into OEM and aftermarket. The aftermarket segment recorded a remarkable revenue share in the market in 2022. The aftermarket produces a variety of spiral freezer spare parts, accessories, and components for preserving or enhancing an original product. An item that can be used to fix, enhance, or otherwise alter a product already produced in a primary or standard sector is sold in the aftermarket. The availability of replacement components, maintenance services, or even custom modifications to improve or extend the freezer's operation are all examples of aftermarket spiral freezers.
Regional Outlook
Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region covered a considerable revenue share in the market in 2022. Due to the high level of consumer awareness of health and hygiene concerns, and the proper food storage procedures employed by farmers and growers during the growing and transportation processes, Europe is predicted to be one of the promising markets. Additionally, the market is predicted to grow due to the growing number of supermarkets, fast food restaurants, and hotels in this region.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Advanced Equipment, Inc., FPS Food Process Solutions Corp., Linde PLC, John Bean Technologies Corporation, Air Liquide S.A., Mayekawa Mfg. Co., Ltd., Van Abeelen B.V., GEA Group AG, DSI Dantech A/S, Scanico A/S (Middleby Corp).
Market Segments covered in the Report:
By Application (Volume, Units, USD Million, 2019-2030)
By Capacity (Volume, Units, USD Million, 2019-2030)
By Business (Volume, Units, USD Million, 2019-2030)
By Geography (Volume, Units, USD Million, 2019-2030)
Companies Profiled
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