July 5, 2024
Blast Chillers Market

Blast Chillers Market is Estimated to Witness High Growth Owing to Growing Food Processing Industry

The blast chillers market is involved in the production of industrial food chilling equipment that is used across various food processing and food service sectors. Blast chillers rapidly cool or freeze cooked food, allowing food businesses to efficiently prepare large volumes of food in advance while ensuring food quality and safety. By rapidly chilling hot foods from +90°C to +3°C in less than 90 minutes and freezing from +90°C to -18°C in less than 4 hours, blast chillers prevent the growth of harmful bacteria in food. They provide energy efficient chilling with precise temperature control.

The global blast chillers market is estimated to be valued at US$ 2.24 Bn in 2024 and is expected to exhibit a CAGR of 15% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the blast chillers market are Locus Robotics, ABB Limited, Honeywell International Inc., Fanuc Corporation, Geek+ Inc., TGW Logistics Group GMBH, Omron Adept Technologies, Swisslog Holding AG (KUKA AG), Singapore Technologies Engineering Ltd (Aethon Incorporation), Yaskawa Electric Corporation (Yaskawa Motoman), InVia Robotics Inc., Fetch Robotics Inc., Syrius Robotics, Grey Orange Pte Ltd, Hangzhou Hikrobot Technology Co. Ltd and Toshiba Corporation.

The key opportunities in the Blast Chillers Market Demand include growing demand from hotels, restaurants, catering industry and rising focus of food chains on quality and hygiene. Rapid expansion of organized retail and quick service restaurants globally is also driving the blast chillers market.

Globally, the blast chillers market is expanding significantly driven by growing food processing industry particularly in Asia Pacific and Middle East & Africa. Countries like China, India, Brazil, Mexico, Saudi Arabia and South Africa are witnessing rapid industrialization and increasing demand for processed food which is propelling the blast chillers market growth.

Market drivers

The key driver for the blast chillers market is the growing food processing industry globally. With rising incomes, evolving dietary habits and increasing demand for processed and ready-to-eat meals, the food processing industry output is growing substantially every year. This wide acceptance and demand for processed food has boosted the installation of blast chillers significantly across food production, storage and distribution facilities over the past decade.

PEST Analysis

Political: The regulations on food safety and energy efficiency standards set by regulatory bodies impacts the demand for blast chillers. Rapid changes in food safety standards necessitate frequent upgrades in commercial kitchen equipment.

Economic: Factors such as rising disposable incomes, growing foodservice industry and increasing demand for ready-to-eat meals are fueling the demand for blast chillers in commercial kitchens. However, high initial investment associated with blast chillers limits their adoption.

Social: Changing consumer lifestyles and preferences for healthy and wholesome food have increased the demand for frozen and ready-to-eat food products. This in turn has augmented the need for blast chillers from food processors and restaurants.

Technological: Advances in chilling techniques enable faster and more energy efficient chilling of food products. Recent innovations include the development of blast chillers equipped with advanced sensors and IoT connectivity for remote monitoring.

Around 40% of the total global blast chillers market is concentrated in North America, driven by strong demand from food processing industry and extensive network of quick-service restaurants in the region. Factors such as growth of foodservice sector and rising popularity of artisanal frozen food have propelled the demand for blast chillers in Europe, making it the second largest regional market. Meanwhile, Asia Pacific is emerging as the fastest growing regional market for blast chillers, supported by expanding middle-class population, growing food consumption expenditures and establishment of international food chains. Countries like China, India and Southeast Asian nations are expected to increasingly contribute to the regional market growth in the coming years.

As demand arises from growing urban centers and food chains establish operations in new locations, the MEA region displays promising prospects for blast chillers market. Countries across Africa and Middle East such as Saudi Arabia, UAE, South Africa and Egypt reflect lucrative opportunities,owing to increasing disposable incomes and exposure to Western food culture trends. Similarly, in Latin America countries such Brazil, Mexico and Chile stand to benefit from expanding food retail industry and rising quick service restaurant chains.

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