The global vacuum cooling equipment market is expected to grow at a CAGR of 3.2% over the forecast period (2023 to 2033). Sales in the market are poised to increase from USD 882.6 Million in 2023 to USD 1209.4 Million by 2033. Vacuum chilling is considered to be the most vital process in the food service industry. Food manufacturers are extensively using vacuum chilling techniques to remove moisture and extend their shelf lives.
As the demand for packaged foods is increasing, the need for vacuum chilling is burgeoning to preserve the quality of food. Additionally, the rising application of vacuum cooling equipment in baked goods to maintain their quality will fuel the demand in the market. Based on the cooling type, the air-cooled screw vacuum pump segment is expected to witness the fastest growth over the upcoming decade.
With the rising consumption of ready-to-eat meals and packaged food products, key players are manufacturing these cooling equipment to cater to the growing demand. Further, the advent of cutting-edge technologies in the food service industry is expected to create lucrative growth avenues in the market. For instance, in 2020, Durrer Spezialmaschinen AG announced the launch of vacuum cooler systems, dryers, and welding systems with sensor technology.
As consumption of gluten-free and vegan products is surging across the globe, the need for vacuum cooling equipment is predicted to rise. Gluten-free food products such as bread need excess time to cool to maintain the quality of the products. Hence, food service manufacturers are improving the adoption of these cooling equipment to cater to the need to extend the shelf life of their products.
Regionally, Europe is expected to remain the undisputed leader in the global vacuum cooling equipment market for the forecast period (2023 to 2033). Growth in the region is attributed to the rising consumption of baked and gluten-free products across the UK, Belgium, France, and Italy. As per the report, the UK and France are expected to witness the most remunerative growth in the vacuum cooling equipment market.
| Attributes | Key Insights |
|---|---|
| Vacuum Cooling Equipment Market Size in 2023 | USD 882.6 Million |
| Market Forecast Value in 2033 | USD 1209.4 Million |
| Growth Rate (2023 to 2033) | 3.2 % CAGR |
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As per Future Market Insights, the global vacuum cooling equipment market is slated to grow at 3.2% CAGR between 2023 and 2033, surpassing a valuation of USD 1209.4 Million by the end of 2033. Growth in the market is underpinned by the rising consumption of baked and packaged food products across the globe.
As baked and ready-to-eat food products need extended shelf life to preserve good quality, they need to maintain a low temperature after they are manufactured. Hence, the adoption of vacuum cooling equipment is expected to increase in the food service industry. Further, with the advent of cutting-edge technology in the food & beverage industry, manufacturers are seizing the growing opportunities to cater to the growing demand for high-quality food products.
Additionally, the rising application of vacuum cooling equipment in meat products is another factor propelling the demand in the market. As per the USA Department of Agriculture, on average each American consumed 48.8 kg of poultry mean in 2017 and 23.6 kg of pork meat. The consumption is predicted to increase over the coming years, as per the OECD. On the back of these factors, the sales in the vacuum cooling equipment market are poised to expand by 1.3x over the forecast period.
The USA Vacuum Cooling Equipment Market to Benefit from Growing Consumption of Fresh Fruits and Veggies
The vacuum cooling equipment market in the USA is estimated to reach a valuation of USD 228.1 Million by 2023, as per FMI. The USA vacuum cooling equipment market is projected to account for 68% of sales in North America. Demand in the country is predicted to rise due to the rising consumption of fresh vegetables and fruits.
As these product needs to be vacuum-cooled and stored as quickly as possible, the demand for vacuum-cooling equipment is predicted to burgeon. In the USA, the vacuum cooling equipment market is anticipated to witness steady expansion due to the exponential rise of the supermarket culture in the USA Further, technological advancement in food science will aid the demand for the vacuum cooling equipment Market.
Strong Presence of Vacuum Cooling Equipment Manufacturers in the UK to Fuel Demand
The UK vacuum cooling equipment market in the UK is expected to reach nearly USD 77.7 Million by 2023. The UK is projected to contribute around 22% of revenue in the Europe vacuum cooling equipment market. Demand in the market is attributed to the growing sales of baked and packaged meat products.
With the rapid expansion of the food industry in the UK, the market is expected to witness steady growth over the assessment period. Also, the presence of numerous leading players in the UK will aid the sales in the market. For instance, in 2020, Curtiss -Wright Surface Technologies announced the addition of in-house vacuum brazing, sintering, and heat treatment within our component coating and repair facility in Alfreton Derbyshire UK The facility is fitted with a sealed cooling system adhering to stringent environmental regulations.
Rising Export of Vacuum Cooling Equipment in Other Countries to Propel the Sales
According to FMI, China's vacuum cooling equipment market is expected to total USD 50.8 Million, accounting for 32% of the Asia Pacific vacuum cooling equipment market. This is due to the presence of leading players and the availability of cost-effective raw materials in China.
For instance, the leading manufacturer, of COLDMAX, in China is focusing on quality and innovation for optimal cooling speed with minimal energy consumption. The company is exporting 4 pallets of vacuum pre-coolers on average a day to countries such as Canada and others. Such developments in the country are expected to boost the market.
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Rising Application of Vacuum Cooling Equipment for Bakery Products to Propel Sales
In terms of application, the bakery products segment is expected to witness robust growth over the forecast period. Increasing demand for high-quality baked food products is expected to boost the demand in the market. Consumption of baked food products and packaged items in countries such as France, Germany, and Italy is expected to fuel the demand for vacuum cooling systems. This is expected to propel the growth in the market.
Leading players in the market are adopting several inorganic and organic strategies to gain a competitive edge in the market. Some of the players are investing in research and development to expand their product portfolio. Meanwhile, other players are introducing advanced cooling systems to strengthen their footprint in the industry.
For instance:
Future of Cooling: Reduce Food Waste with Dekker Vacuum Technologies, Dongguan COLDMAX, and Dongguan Huaxian Vacuum Cooling Equipment
The vacuum cooling equipment utilized by Dekker, Dongguan COLDMAX, and Dongguan Huaxian has applications for numerous companies. Technology is a great way to keep large volumes of food cold without using large amounts of energy. Vacuum cooling equipment is also becoming popular for transporting sensitive medical devices. Vacuum cooling equipment continues to grow in popularity due to its economic efficiency and high-quality performance.
Dekker Vacuum Technologies, headquartered in Michigan City, Indiana, is a market leader in producing durable and efficient vacuum systems. Dekker vacuum solutions are essential in demanding production processes like woodworking, food processing, medical, plastics, and power generation.
Recently, Dekker has made great strides to innovate its product offerings. The company has introduced a new line of compressors to meet the needs of customers looking for smaller-footprint designs. They have also launched a full range of vacuum pumps designed for specific applications such as production process cooling, cold storage temperature control, and power generation applications.
The new refrigeration series from Dekker is engineered with durability and efficiency as top priorities. The products are designed to keep up with even the most challenging conditions without sacrificing performance or quality. Each compressor features over 150 innovations that help it be more efficient and reliable than ever.
Dekker vacuum technologies Inc has recently seen immense success with its product launch. To further expand the product line, they will continue to focus on innovation and developing new ways to reduce energy consumption. Dekker will also continue their legacy of delivering high-quality and innovative products.
Another key player, COLDMAX has been the leading manufacturer of vacuum coolers, cold rooms, ice machines, and other sophisticated farm equipment since 2002 and is CE and CSA certified!
Recently, Dongguan Coldmax launched a new product, Dekker, which is a high-performance product that retains temperature. The company's partnership with top Chinese car manufacturer Geely Automobile has also brought innovation to the industry. To continue being at the forefront of technology, it plans on launching a dozen more innovative products by 2020.
These new innovations will have major breakthroughs in product design, quality control, performance, and reliability. With over 40 years of experience producing refrigeration equipment, Dongguan COLDMAX continues to lead the way for those looking for vacuum cooling equipment.
Additionally, HUAXIAN company is dedicated to being a leading supplier of new care solutions worldwide, serving agricultural, fisheries, and food industries with sophisticated, fresh reservation technology to produce the most commercial value for clients by enhancing new quality.
Since 2019, Dogguan has been steadily launching new products to meet market needs, expanding partnerships with other companies, and adding more product offerings to its line. One of these new products is a new vacuum pump that can handle high-temperature environments. This innovation will allow for the continued growth of industries such as chemical processing or oil refining, where cooling equipment is needed.
Another new product launched by Dekker is the KRYTON - a fully closed water-cooled vacuum pump with high energy efficiency, long service life, and low noise levels. In addition to these innovations, Dekker and Dongguan COLDMAX have partnered to distribute products across China and abroad.
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| Attribute | Details |
|---|---|
| Estimated Market Size in 2023 | USD 882.6 Million |
| Market Forecast Value in 2033 | USD 1209.4 Million |
| Growth Rate (2023 to 2033) | 3.2 % CAGR |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2023 |
| 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 | USA, Canada, Mexico, Germany, UK, France, Italy, Spain,China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE |
| Key Segments Covered | Product, Type, Application, Region |
| Key Companies Profiled | BVT; Bakery Services BV; Dekker Vacuum Technologies Inc; Dongguan COLDMAX Ltd; Dongguan Huaxian Technology Co Ltd; KoolJet; SHENZHEN ALLCOLD Co Ltd; Southern Vacuum Cooling Inc.; ULVAC Inc; Weber Cooling International BV; Ashland; CP Kelco; Archer Daniels Midland Company; BASF SE; Hydrosol; Palsgaard |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The vacuum cooling equipment market size is assessed to be USD 882.6 Million currently.
The vacuum cooling equipment market is expected to rise at a CAGR of 3.2%.
The USA, China, the UK, Germany, and Mexico are the key countries driving demand for the vacuum cooling equipment market.
BVT, Bakery Services BV, Dekker Vacuum Technologies Inc, Dongguan COLDMAX Ltd, and Dongguan Huaxian Technology Co Ltd are expected to be the top players driving the market growth.
The global vacuum cooling equipment market is forecasted to surpass USD 1,209.4 Million by the end of 2033.
1. Executive Summary | Vacuum Cooling Equipment Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Vertical Vacuum Cooling Equipment 5.2. Horizontal Vacuum Cooling Equipment 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Cooling Type 6.1. Air Cooled Screw Vacuum Pump 6.2. Water Cooled Screw Vacuum Pump 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Applications 7.1. Bakery Products 7.2. Meat Products 7.3. Fruit and Vegetables 7.4. Others 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. East Asia 8.5. South Asia 8.6. Oceania 8.7. Middle East and Africa (MEA) 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. BVT 18.2. Bakery Services BV 18.3. Dekker Vacuum Technologies Inc 18.4. Dongguan COLDMAX Ltd 18.5. Dongguan Huaxian Technology Co Ltd 18.6. KoolJet 18.7. SHENZHEN ALLCOLD Co Ltd 18.8. Southern Vacuum Cooling Inc 18.9. ULVAC Inc 18.10. Weber Cooling International BV 18.11. Ashland 18.12. CP Kelco 18.13. Archer Daniels Midland Company 18.14. BASF SE 18.15. Others (on demand) 19. Assumptions & Acronyms Used 20. Research Methodology
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Vacuum Cooling Equipment Market
