Blast Chillers Is Estimated To Witness High Growth Owing To Increased Foodservice Industry

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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 specialized refrigeration appliances used in commercial kitchens for rapid and gentle chilling of hot food items. They cool cooked or hot food in a rapid manner to arrest bacterial growth by lowering food temperature below 40°F within 90 minutes as recommended by the U.S. Food and Drug Administration (FDA). Blast chillers finds widespread applications across hotels, restaurants, catering businesses, institutional foodservice establishments and are useful for large scale processing of cooked foods.

Market Dynamics:
The growth of the blast chillers market is majorly driven by the expanding foodservice industry globally owing to rising number of quick service restaurants, hotels and catering services. According to the National Restaurant Association, the foodservice sales in the U.S. are projected to grow by 3.6% in 2023. Moreover, blast chillers provides numerous operational benefits such as time and labor savings, and preservation of freshness, flavours and texture of food which is driving their increasing adoption across commercial kitchens. However, high initial costs associated with blast chillers is a major factor restraining the market growth.

SWOT Analysis

Strength: Blast chillers allow rapid cooling of hot foods without compromising quality or texture. They cool foods 40 times faster than conventional cooling methods. This helps reduce food wastage and saves storage space. Blast chillers are highly energy efficient and reduce energy costs by 30-40% compared to other chilling methods.

Weakness: Blast chillers have high initial investment costs. Their maintenance and repair costs are also higher compared to traditional cooling equipment. Smaller restaurants and cafes may find blast chillers too expensive.

Opportunity: Growing food service industry worldwide is driving the demand for commercial kitchen equipment like blast chillers. Rising health consciousness is increasing demand for fresh and high-quality foods among consumers. This acts as an opportunity for blast chiller manufacturers.

Threats: Availability of substitute rapid cooling equipment poses a threat. Fluctuations in raw material prices can increase the overall cost of blast chillers. Strict government regulations regarding food safety and quality standards pose compliance challenges.

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 among consumers and restaurants. Rapid urbanization and changing lifestyles are fueling the demand for prepared foods and ready-to-eat meals.

Regional analysis
North America dominates the global market, accounting for over 30% share due to large food service sector. Asia Pacific is the fastest growing region due to growing middle class population, rising disposable incomes and expanding food industry in countries like China and India.

Key players
Key players operating in the blast chillers market are 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.

 

Get More Insights On This Topic:https://www.newsanalyticspro.com/largest-segment-driving-the-growth-of-blast-chillers-market-share-analysis/

 

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