by The global Blast Chillers Market is estimated to be valued at US$ 1.94 Bn in 2023 and is expected to exhibit a CAGR of 7.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview
Blast chillers are industrial refrigeration equipment used for quick chilling of cooked or hot food products to freezing or refrigeration temperatures in minimal time period. Blast chillers are advantageous as they retain food quality and freshness, prevent foodborne illness by restricting microbial growth, reduce food wastage, and save production time and labor costs.
Market key trends
Growing demand for ready-to-eat and prepared food items among consumers is a major trend driving the blast chillers market. Blast chillers allow quick preparation of ready meals while maintaining their quality and shelf-life. Likewise, increasing import and export of perishable food items globally has augmented the demand for blast chillers from food processing and catering industry for safe transportation of foods. Furthermore, rapid growth of foodservice industry worldwide owing to rising food consumption outside home, especially in developing nations is propelling the blast chillers market. However, high installation and maintenance costs of blast chillers remains a challenge.
SWOT Analysis
Strength: Blast chillers allow rapid cooling of hot foods to safe storage temperatures in a short period of time, preserving taste, texture and nutrients. They provide advantages over conventional refrigeration methods.
Weakness: High initial investment costs are required for blast chillers. Their maintenance and repairs can also be expensive.
Opportunity: Growth of the food processing and food service industries is driving demand for commercial kitchen equipment like blast chillers. Rapid urbanization is also increasing the need for food safety and longer shelf life of products.
Threats: Strict industry regulations regarding food safety and quality standards pose compliance challenges. Supply chain disruptions due to COVID-19 affected production and distribution of commercial refrigerator equipment.
Key Takeaways
The global Blast Chillers Market Share is expected to witness high growth, exhibiting CAGR of 7.8% over the forecast period, due to increasing food safety concerns. Rapid population growth and rising incomes are driving the food service industry worldwide.
Regional analysis: North America dominates the global market due to strong food processing industry in the US and Canada. Asia Pacific is expected to grow at the fastest pace during the forecast period with China and India emerging as major consumers. Growing middle class populations and changing lifestyles are increasing demand for ready-to-eat and frozen foods in Asia Pacific region.
Key players operating in the blast chillers market include Beverage Air, Dover Corporation, Hussmann Corporation, Able Products, Precision Refrigeration, Nor-Lake, Infrico, TSSC, Ali Group, UKB, Alto Shaam Inc, Williams Refrigeration, Master-Bilt, Friginox, Adande Refrigeration, Electrolux Professional, American Panel Corporation, Victory Refrigeration, Traulsen, Advanced Equipment Inc. Major players are focusing on new product launches and mergers & acquisitions to strengthen their market presence globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
