PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534945
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534945
Prep refrigerators, also known as prep tables or refrigerated prep tables, are refrigeration equipment that are intended for use in commercial kitchens and dining services. These units integrate refrigeration with preparation partly, which makes them suitable for the preparation of sandwiches, salads, pizza, and any food that is likely to have multiple ingredients that are required to be chilled.
The Prep Refrigerators Market is expected to grow with a significant CAGR of 5% during the forecast period (2024-2032). As the population continues to demand quick foods and products that are ready to be consumed by customers, restaurants, and food service companies, businesses need to have proper and adequate means of preserving the food items and preparing them for consumers. The growth of the restaurant industry, fast food chains, coffee shops, and fine dining restaurants fuels the need to have specialized refrigeration systems to ensure that the integrity of the food products that are supplied to the respective restaurants is preserved. On May 30, 2024, the United States Environmental Protection Agency announced the launch of two new ENERGY STAR resources to help households across America take advantage of Inflation Reduction Act incentives for energy-saving home upgrades. Together, a new home improvement savings web tool and the new ENERGY STAR Home Upgrade Service Provider Partnership address two of the largest barriers Americans face when it comes to upgrading their homes with energy-efficient products and equipment - the cost and complexity associated with purchase and installation.
Based on the type, the market has been divided into Undercounter prep refrigerators, cutting top prep refrigerators, and mega top prep refrigerators. The mega-top prep refrigerators held a significant share of the market in 2023. Their expanded storage capacity and multiple ingredient compartments make them indispensable in busy commercial kitchens, such as those in quick-service restaurants, which are proliferating due to the increasing demand for convenient, ready-to-eat meals. As per India's Ministry of Commerce & Industry, in January 2022, the export of products under the Ready to Eat (RTE), Ready to Cook (RTC), and Ready to Serve (RTS) segments have registered a CAGR of 10.4 percent from 2011-12 to 2020-21. India exported more than USD 2.14 billion worth of final food products in 2020-21. The versatility and organized layout of mega-top units enhance operational efficiency, reduce preparation time, and ensure food safety, which are critical factors in the competitive food service industry.
Based on the application, the market is segmented into commercial kitchens, restaurants and cafes, catering services, departmental stores, and others. The commercial kitchens segment is expected to grow with a significant CAGR in the forecast period (2024-2032) because they require easy, dependable, and safe food storage solutions regularly. These kitchens essentially need prep refrigerators for storage of foodstuffs and items needed for preparation, thus being imperative for meal preparation, preservation, hygiene, and delivery. Some of the factors that positively impact the demand for sophisticated refrigeration units include increasing restaurant and cafe businesses, catering services, urbanization, and consumers' changing lifestyles.
For a better understanding of the market adoption of Prep Refrigerators, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, France, U.K., Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2032). In countries such as China, India, and Japan, fast food restaurants, including quick service restaurants, cafes, and food delivery services, escalate the demand for prep refrigeration. The high population density also means the prospect for the middle and upper classes with higher disposable income for dining services and takeaways creates a demand for new and efficient food storage and preparation. Furthermore, food safety and hygiene criteria are moving to the foreground in Asia, with countries expanding and reinforcing regulations and requirements. Technological industries are also increasing their focus on innovations in energy-efficient and ecologically friendly refrigeration systems, and to support this, the government has developed appropriate policies and subsidies. This dynamic economic environment, constant changes in consumer preferences, and related regulations make Asia-Pacific a region that drives the growth of the global prep refrigerators market.
Some of the major players operating in the market include Daikin, Haier Group, True Manufacturing Co., Inc., Empura - Food Service Equipment, LLC., Turbo Air Inc., Beverage-Air, DELFIELD, VICTORY REFRIGERATION, HOSHIZAKI LANCER PTY LTD, Nella Online.