Catering Food Warmers Market

Catering Food Warmers Market Outlook (2023 to 2033)

The global catering food warmers market size is expected to reach USD 493.7 Million in 2023 and further grow at a CAGR of 6.3% during the forecast period (2023 to 2033). Furthermore, with the rapid growth of the catering industry globally, the overall sales of catering food warmers are projected to reach a total valuation of USD 909.4 Million by 2033.

Catering food warmers are table-top appliances/devices used in both homes and restaurants to keep prepared food at the proper serving temperature. They are designed to be portable and typically use chafing dish fuel to keep food warm.

The adoption of catering food warmers allows users to keep food warm and cooked to perfection over long periods of time without drying it. They offer better convenience and are especially useful when preparing large quantities of food for crowds. Both outdoor food carts and restaurants employ catering food warmers to keep the food warm so that it can be directly consumed by customers.

Catering food warmers easily provide the optimum serving temperature for the meal, served to the customer. These food warmers are extremely durable and robust in operations and prevent food safety concerns and issues. They are easy to clean and automatic temperature control gives consumers total control over the food heating process.

An increasing number of catering agencies across the world and a growing need for keeping the food warm throughout the catered event are expected to boost sales of catering food warmers during the forecast period.

Furthermore, rapid urbanization, the growing popularity of ready-to-eat food products, and the expansion of the food service sector are expected to generate high demand for catering food warmers over the next decade.

Attribute	Key Insights
Catering Food Warmers Market Estimated Value (2023)	USD 493.7 Million
Projected Market Value (2033)	USD 909.4 Million
Value-based CAGR (2023 to 2033)	6.3%
Market Share of The United Kingdom in Europe	22%

2018 to 2022 Global Catering Food Warmers Market Outlook Compared to 2023 to 2033 Forecast

As per FMI, the global sales of catering food warmers grew at 6.3% CAGR during the historical period from 2018 to 2022 and the trend is likely to continue during the next ten years (2023 to 2033) as well.

The rising adoption of catering food warmers across residential and commercial sectors to keep food in a warm state is a key factor driving the global market.

Similarly, the development of efficient, automatic, and self-cleaning catering food warmers is expected to boost sales in the market during the projection period.

One of the factors encouraging the adoption of catering food warmers is that they effectively meet customer demands, regardless of the kind of event or the food served. They allow users to keep the food warm so that it can be served directly to consumers without further need for cooking.

Market-o-Nomics - Highlighting the Key Trends

A number of influential factors have been identified that are expected to spur growth in the global catering food warmers market during the projection period (2023 to 2033). Besides the proliferating aspects prevailing in the market, the analysts at FMI have also analyzed the restraining elements, lucrative opportunities, and upcoming threats that can somehow influence catering food warmer sales.

The drivers, restraints, opportunities, and threats (DROTs) identified are as follows:

DRIVERS

• The rising usage of catering food warmers across residential and commercial sectors to keep food warm is a key factor driving the global catering food warmers industry forward.
• An increasing number of catering agencies globally is expected to generate high demand for catering food warmers.
• Growing awareness about the benefits of having catering food warmers will further boost sales over the next ten years.

RESTRAINTS

• high cost associated with advanced catering food warmers is limiting the market expansion.
• Availability of alternative food heating solutions is also restraining the growth of the market to some extent.

OPPORTUNITIES

• The Rising focus on reducing the need for frequently warming food is expected to create lucrative growth prospects for manufacturers.
• The introduction of novel catering food warmers with enhanced features will elevate demand in the market over the next ten years.

THREATS

• High energy costs are expected to limit the growth of the global market.
• Irregularity in market structure caused by counterfeit products may also impact the market.

Country-wise Insights

Why is the USA Considered a Prominent Market for Catering Food Warmers?

Growing Usage in Residential and Commercial Sectors Propelling Demand in the USA

According to FMI, the USA catering food warmers market is expected to surpass a valuation of USD 127.6 Million in 2023. Currently, the USA holds around 68% share of the North American market. Growing adoption of catering food warmers across commercial and residential sectors due to their ability to offer high-level convenience to consumers.

The USA manufacturers are continuously introducing novel catering food warmers with enhanced features to meet changing end-user demands. This will aid in the expansion of the USA catering food warmers industry during the projection period.

Why is the Demand for Catering Food Warmers Rising Across India?

Rising Number of Catering Companies Boosting Market in India

Due to the rapidly rising population and increased need for keeping food served at the perfect temperature, demand for catering food warmers is projected to grow at a healthy pace across India during the next ten years (2023 to 2033).

Restaurants, caterers, and in-house have long relied on keeping food warm for guests. For this purpose, they are utilizing various tools and techniques. However, the efficiency and easy-to-use nature of catering food warmers have made them ideal candidates for these end users.

Similarly, the increasing number of catering agencies in the country coupled with the penetration of new medium and small-sized catering food warmer start-ups will bode well for the Indian market. Additionally, several major players are looking to establish their presence in the Indian market through robust distribution channels and the introduction of cost-effective products.

Why is China Emerging as a High-Potential Market?

Easy Availability of Cost-efficient Products Supporting Growth in China

According to FMI, the overall market for catering food warmers in China is valued at USD 28.4 Million and it is expected to accelerate at 6.3% CAGR over the next ten years. The rapid growth of the catering industry and easy availability of low-cost products are some of the key factors driving demand for catering food warmers in China.

Chinese consumers are very much interested to test new products, which rushes the rate of innovation from the manufacturer. Catering food warmers are available in various sizes and features. For that reason, these catering food warmers are gaining wider popularity among consumers.

Category-wise Insights

Which are the Leading Segments in the Global Catering Food Warmers Market?

Online Sales Channels to Generate Maximum Revenues Through 2033

Based on sales channels, the global market is segmented into online and offline. Among these, the offline segment currently holds the largest market share while the online segment is expected to grow at a higher pace during the assessment period. This can be attributed to the rising penetration of e-commerce platforms like Amazon and Flipkart and increasing consumer inclination towards purchasing catering food warmers through online mode.

Competitive Landscape

Leading players in the market are focused on introducing cost-effective food warmers to meet changing end user demands. In addition, they provide customized solutions with innovative features and employ a merger & acquisitions strategy to expand their global footprint. For instance,

• In 2022, Nemco Food Equipment, a food service industry leader in food prep and other countertop applications, acquired Meister Cook. With this acquisition, Nemco will gain Meister Cook’s Hot Hold series of dry/moist food warmers.

Catering Food Warmers Industry Report Scope

Attribute	Details
Estimated Market Size (2023)	USD 493.7 Million
Projected Market Size (2033)	USD 909.4 Million
Anticipated Growth Rate (2023 to 2033)	6.3% CAGR
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2022
Market Analysis	USD million for Value and Units for Volume
Key Regions Covered	North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa (MEA)
Key Countries Covered	The USA, Canada, Mexico, Germany, The United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE
Key Segments Covered	Type, End Use, Region
Key Companies Profiled	Robert Bosch; Samsung Group; Prestige; LG Corporation; Bajaj group; Milton; Nemco; Megaschef; Philips
Report Coverage	Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Catering Food Warmers Industry by Category

By Type:

• Electric Warmers
• Plastic Warmers
• Electric Steamer
• Steel Food Warmers
• Chocolate Food Warmers

By End Use:

• Residential
• Commercial

By Sales Channel:

• Online
• Offline

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

Frequently Asked Questions

How Much the Catering Food Warmers Market is Pegged to Achieve?

The catering food warmers market is pegged to achieve USD 909.4 million by 2033.

How are the Growth Prospects for the Market?

The market is expected to expand at a CAGR of 6.3%.

Which Catering Food Warmers Market Players Show Significant Revenue Generation?

Robert Bosch, Samsung Group, and Prestige show considerable sales.

Which Country Holds Massive Market Share?

The United States holds massive market share.

Which Opportunities are Cropping up for the Market Players?

Launch of novel catering food warmers outfitted with enhanced features is developing new opportunities in the market.