The global reach-in freezers market is expected to be valued at USD 2.2 billion in 2023. With the increasing government initiatives promoting the use of energy-efficient appliances, the overall sales for reach-in freezers is projected to grow at a CAGR of 3.7% between 2023 and 2033, totaling around USD 3.2 billion by 2033.
| Data Points | Key Statistics |
|---|---|
| Reach-In Freezers Market Value 2023 | USD 2.2 billion |
| Reach-In Freezers Market Projected Value (2033) | USD 3.2 billion |
| Reach-In Freezers Market CAGR (2023 to 2033) | 3.7% |
According to Future Market Insights, the preference for smaller living spaces, as well as the rise of mobile food businesses, has led to a growing demand for compact and portable Reach-in freezers. These types of freezers offer several benefits, including convenience, flexibility, and space-saving design.
In smaller living spaces, such as apartments and tiny homes, there is often limited space for larger appliances such as refrigerators and freezers. Compact reach-in freezers can fit into smaller spaces and still provide ample storage for frozen foods. These freezers are designed to be space-efficient, often with a slim profile, and can be easily integrated into the kitchen or living space.
For mobile food businesses, compact and portable reach-in freezers are a necessity. These businesses operate on the go and require equipment that is easy to transport and set up. Portable reach-in freezers can be loaded onto a truck or trailer and taken to various locations, providing the flexibility needed to operate a successful mobile food business.
Compact and portable reach-in freezers are also popular for events such as outdoor parties and weddings. These freezers can be easily transported to the event location and set up to provide frozen food and drinks for guests.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global demand for reach-in freezers is projected to increase at a CAGR of 2.4% during the forecast period between 2018 and 2022, reaching a total of USD 3.2 billion in 2033. According to Future Market Insights, the market was valued at USD 2.1 billion in 2022.
Technological advancements have led to the development of energy-efficient and eco-friendly reach-in freezers, which are becoming increasingly popular among consumers. The advancements have led to the development of freezers that use less energy, have longer lifespans, and are more environmentally friendly.
One of the key areas of technological advancement in reach-in freezers is energy efficiency. Manufacturers are investing in research and development to create freezers that use less energy to run.
This not only benefits the environment by reducing energy consumption but also benefits consumers by reducing their energy bills. Energy-efficient freezers are becoming increasingly popular among consumers who are conscious about reducing their carbon footprint and living sustainably.
Another area of technological advancement in reach-in freezers is the development of eco-friendly refrigerants. Traditional refrigerants such as chlorofluorocarbons (CFCs) and hydrochlorofluorocarbons (HCFCs) have been found to be harmful to the environment.
Manufacturers are now developing freezers that use eco-friendly refrigerants such as hydrofluorocarbons (HFCs) and natural refrigerants like carbon dioxide, which have less of an impact on the environment.
Manufacturers are investing in advanced features like temperature control, smart sensors, and monitoring systems that ensure optimal storage conditions and improve the longevity of stored products. These features can also help businesses save money on energy and reduce food waste.
Growing Demand for Frozen Foods to Fuel the Market Growth
The increasing demand for frozen food is a significant factor contributing to the growth of the reach-in freezers market. There are several reasons why people prefer frozen foods over fresh foods.
For one, frozen foods have a longer shelf life, making them more convenient for busy consumers who don't have the time to shop for fresh produce frequently. Frozen foods also allow for more variety in the diet, as they can be stored for longer periods and are available year-round.
This increased demand for frozen foods has resulted in a need for better storage solutions. Reach-In Freezers are an ideal solution for grocery stores, restaurants, and other food outlets to store and preserve frozen foods.
These freezers provide ample storage space and maintain a consistent temperature, which is essential for ensuring the quality and safety of frozen foods.
In grocery stores, reach-in freezers are used to store a wide range of frozen products, including frozen meals, vegetables, fruits, meats, and desserts. By keeping these products frozen, they can be sold at any time of the year, regardless of the season or availability of fresh produce.
Restaurants and food outlets also rely on these freezers to store their frozen products. These freezers allow restaurants to store large quantities of food, which can be prepared quickly, reducing wait times for customers. The consistent temperature maintained by Reach-In Freezers ensures that the quality and safety of the food are not compromised.
Rising Demand for Compact and Portable Freezers to Accelerate the Market Growth
The trend towards smaller living spaces, as well as the rise of mobile food businesses, has led to a growing demand for compact and portable reach-in freezers. These types of freezers offer several benefits, including convenience, flexibility, and space-saving design.
In smaller living spaces, such as apartments and tiny homes, there is often limited space for larger appliances such as refrigerators and freezers. Compact reach-in freezers can fit into smaller spaces and still provide ample storage for frozen foods. These freezers are designed to be space-efficient, often with a slim profile, and can be easily integrated into the kitchen or living space.
For mobile food businesses, compact and portable reach-in freezers are a necessity. These businesses operate on the go and require equipment that is easy to transport and set up. Portable Reach-In Freezers can be loaded onto a truck or trailer and taken to various locations, providing the flexibility needed to operate a successful mobile food business.
Compact and portable reach-in freezers are also popular for events such as outdoor parties and weddings. These freezers can be easily transported to the event location and set up to provide frozen food and drinks for guests.
Principal Consultant
High Initial Cost of Freezers to Restrain the Market Growth
The high initial investment required to purchase these freezers can be a limiting factor for businesses, especially smaller ones with limited budgets. Reach-in freezers are typically more expensive than other types of refrigeration equipment due to their larger size, increased storage capacity, and more advanced features.
For smaller businesses, the cost of purchasing Reach-In Freezers can be a significant expense, especially if they need to purchase multiple units to meet their storage needs. This can be a major barrier to entry for new businesses or those looking to expand their operations.
The high initial investment required to purchase reach-in freezers can also lead to businesses choosing to opt for less expensive options or delay purchasing until they have the necessary funds.
For instance, some businesses may choose to use smaller, less expensive refrigeration units or rely on manual methods of cooling and freezing until they can afford to purchase reach-in freezers.
Competition from alternative storage solutions is another factor that is expected to hamper the market growth over the analysis period. Alternative storage solutions such as walk-in freezers, chest freezers, and refrigerated trucks can offer businesses more cost-effective or higher-capacity options for storing frozen goods.
Walk-in freezers, for instance, can offer businesses more storage capacity and flexibility compared to reach-in freezers.
They can also be more cost-effective for businesses that need to store large quantities of frozen goods, as they typically have lower operating costs than reach-in freezers. Additionally, chest freezers can offer similar storage capacity at a lower cost compared to reach-in freezers.
Increasing Demand for Food Service Industry in North America to Fuel the Market Growth
The reach-in freezers market in North America is expected to rise at a CAGR of 3.6% from 2023 to 2033. The market growth is attributed to the increasing demand for frozen foods.
The demand for frozen foods has been increasing rapidly in North America due to the busy lifestyle of people. This has led to the need for reach-in freezers in grocery stores, restaurants, and other food outlets to store and preserve the frozen foods.
Energy efficiency has become a top priority for consumers in North America due to the increased awareness of environmental issues. Reach-in freezers with high energy efficiency ratings are expected to gain popularity in the region in the coming years.
The foodservice industry in North America is experiencing growth, driven by factors such as increasing consumer spending and the rising popularity of online food delivery services. This growth is expected to increase the demand for reach-in freezers in the region.
The governments in North America have implemented regulations to encourage the use of energy-efficient appliances, including reach-in freezers. This has led to the development and adoption of energy-efficient reach-in freezers in the region.
For instance, the ENERGY STAR program for commercial refrigeration, including reach-in freezers, was launched in 2005 by the US Environmental Protection Agency (EPA) and the US Department of Energy (DOE).
Increasing Awareness of Food Safety in the Region to Fuel the Market Growth
The reach-in freezers market in Asia Pacific is expected to expand at a CAGR of 3.5%. The growth of the regional market is attributed to the factors such as increasing demand for frozen foods.
The demand for frozen foods is increasing rapidly in Asia Pacific due to factors such as urbanization, changing lifestyles, and increasing disposable income. This has led to the need for reach-in freezers in grocery stores, restaurants, and other food outlets to store and preserve the frozen foods.
The foodservice industry in Asia Pacific is experiencing significant growth, driven by factors such as the rise of the middle class and increasing consumer spending. This growth is expected to increase the demand for reach-in freezers in the region.
The rising awareness of food safety is leading to an increased demand for reach-in freezers that can maintain the quality and safety of frozen foods. This is particularly important in countries with hot and humid climates, where food spoilage can be a problem.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Upright Segment to beat Competition in Untiring Market
On the basis of types of freezers, the market is dominated by Upright segment, which is expected to hold a CAGR of 3.5% over the analysis period. One major factor driving the growth of the upright segment is its ease of use and accessibility.
Upright reach-in freezers offer vertical storage and easier access to frozen goods compared to other types of freezers such as chest freezers, which require more effort to access goods at the bottom.
Advancements in technology have led to the development of energy-efficient and eco-friendly upright reach-in freezers, which are gaining popularity among consumers. Manufacturers are also offering customizable options such as adjustable shelves and temperature control, which can cater to the specific needs of different businesses.
Commercial Segment to Drive the Reach-In Freezers Market
Based on application, the commercial segment is expected to expand at rapid rate of 3.4% CAGR over the analysis period. One major factor driving the growth of the commercial segment is the increasing demand for frozen and processed food in the foodservice industry.
As more people are eating out, the demand for Reach-In Freezers in hotels and restaurants is increasing to store and preserve frozen foods. Additionally, the growth of the bakery and confectionery industry is also driving the demand for reach-in freezers in commercial applications.
The increasing focus on energy efficiency and sustainability in the foodservice industry is driving the adoption of eco-friendly and energy-efficient reach-in freezers. Manufacturers have been developing customized solutions such as compact and portable reach-in freezers to cater to the specific needs of different businesses in the commercial segment.
Reach-in freezers market startup players are adopting various marketing strategies such as new product launches, geographical expansion, merger and acquisitions, partnerships and collaboration to identify the interest of potential patients and create a larger customer base. For instance
Prominent players in the reach-in freezers market are Leer, Valpro, Trufrost, Traulsen, Summit, Nella, Nor-Lake, HOSHIZAKI Corp., Electrolux Professional, Grista, True Manufacturing Co., Master Bilt, Galaxy, Hussmann, Delfield, and Beverage Air, among others.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.7% from 2023 to 2033 |
| Market Value in 2023 | USD 2.2 billion |
| Market Value in 2033 | USD 3.2 billion |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD billion and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Types of Freezers, Refrigerant Used, Components, Application, Region |
| Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Israel |
| Key Companies Profiled | Leer; Valpro; Trufrost; Traulsen; Summit; Nella; HOSHIZAKI Corp.; Grista; Galaxy; Delfield; Beverage Air |
| Customization & Pricing | Available upon Request |
Food & beverage companies are the key consumers.
The global market is projecting a significant CAGR of 3.7% by 2033.
The market is estimated to secure a valuation of USD 2.2 billion in 2023.
The market is estimated to reach USD 3.2 billion by 2033.
The commercial segment holds high revenue potential.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Types of Freezers 5.1. Upright 5.2. Chest 5.3. Drawer 5.4. Freezer 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Refrigerant used 6.1. R22 6.2. R410A 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Components 7.1. Compressor 7.2. Condenser 7.3. Evaporator 7.4. Capillary tube 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 8.1. Residential 8.2. Commercial 8.2.1. Hotels / Restaurants 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Leer 17.2. Valpro 17.3. Trufrost 17.4. Traulsen 17.5. Summit 17.6. Nella 17.7. HOSHIZAKI Corp. 17.8. Grista 17.9. Galaxy 17.10. Delfield 17.11. Beverage Air 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Process Automation Insights
View Reports
Reach-In Freezers Market
