July 21, 2024
Blast Chillers Market

Rising Demand For Ready-To-Eat Food Items Set To Boost Growth Of The Blast Chillers Market

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 commercial refrigeration equipment used for quick cooling or freezing of hot food products to low temperatures without freezing the exterior of the food. They rapidly lower the temperature of cooked food, preventing the growth of harmful bacteria. Blast chillers are suitable for restaurants, cafeterias, catering services, hospitals, institutional kitchens and other foodservice establishments that require quick cooling of large volumes of freshly cooked or prepared food. They maintain the quality, texture, flavor, and appearance of food during cooling.

Market key trends

The rising demand for ready-to-eat meals and snacks driven by changing lifestyles and busier schedules has boosted the adoption of blast chillers across the foodservice industry. Blast chillers help restaurants and cafeterias rapidly cool down cooked meals to temperatures that stop bacterial growth but preserve taste, texture and appearance. They aid in bulk production and storage of ready meals. Furthermore, stringent food safety regulations regarding time and temperature control across the food supply chain are also driving the blast chillers market. Growing focus on reducing food wastage and increasing shelf life of cooked meals through quick chilling technology is another key trend in the market.

Porter’s Analysis

Threat of new entrants: Low capital requirements and established buyers reduce threat of new entrants in the blast chillers market. However, presence of strong brand loyalty acts as a barrier.

Bargaining power of buyers: Large buyers in foodservice industry have considerable bargaining power compelling suppliers to improve product quality and offer flexible pricing and trade deals.

Bargaining power of suppliers: Well established suppliers and availability of substitution reduce the bargaining power of suppliers in the blast chillers market.

Threat of new substitutes: Limited threat from substitutes. However, standalone refrigeration units are gaining traction as an alternative.

Competitive rivalry: Intense competition among existing players results in pricing pressures and incentives. Strategic partnerships and product differentiation are key competitive strategies.

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 demand from food processing and foodservice industries.

Regional analysis

North America dominates the global blast chillers market, owing to strong food industry and presence of major manufacturers in the US and Canada. Asia Pacific exhibits fastest growth supported by growing food industry in 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.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it