Unlock stock picks and a broker-level newsfeed that powers Wall Street.Upgrade Now
Vacuum Cooling Equipment Market is Estimated to Raise a Revenue from US$ 882.6 Mn in 2023 to a Worth of US$ 1209.4 Mn by 2033 at CAGR of 3.2% | Recent Data Analysis by Future Market Insights, Inc.
Future Market Insights Global and Consulting Pvt. Ltd.
5 min read
Future Market Insights Global and Consulting Pvt. Ltd.
The vacuum cooling equipment market in the U.S. is estimated to reach a valuation of US$ 228.1 Mn by 2023. The U.K. vacuum cooling equipment market in the U.K.is expected to reach nearly US$ 77.7 Mn by 2023. The U.K. is projected to contribute around 22% of revenue in the Europe vacuum cooling equipment market.
NEWARK, Del, Dec. 30, 2022 (GLOBE NEWSWIRE) -- According to the Future Market Insights (FMI), the vacuum cooling equipment market is anticipated to surpass US$ 1209.4 Mn in 2033, growing at a CAGR of 3.2% between 2023 and 2033.
The vacuum cooling equipment market is expected to gain traction on the back of rising demand for better food safety, sustainability, and quality. As per FMI, over the past half-decade, the vacuum cooling equipment market witnessed steady growth owing to increased application in the meat industry. The trend is likely to continue over the forecast period of 2023 and 2033.
Further, adoption of completely automated technology and embedded sensor systems is expected to boost the vacuum cooling equipment market. Furthermore, improved machine efficiency, increased speed, and usage of automated processing systems in food service industry are likely to propel the sales in vacuum cooling equipment market.
Subsequently, several governments are aiding vacuum cooling equipment manufacturers to develop vacuum cooling equipment at a large scale by providing subsidies and interest-free loans to support meat processing and related industries.
Key Takeaways from the Vacuum Cooling Equipment Market Study:
Vacuum cooling equipment market is being driven by an increase in demand for packaged and processed food products, as well as an increase in demand for food safety.
Based on product type, the screw vacuum pump segment is expected to dominate the market
The U.K. is predicted to vanguard the sales in the Europe vacuum cooling equipment market.
North America and Europe are likely to be the most dominant regions in the global vacuum cooling equipment market.
In terms of application, the bakery products segment is likely to generate maximum revenue in the global vacuum cooling equipment market.
“Vacuum cooling equipment market is likely to gain traction as demand for fast food products is surging among millennials. As packaged food products are in high demand, need for vacuum cooling equipment to protect and preserve from contamination will create new growth avenues for the key players” – says a lead analyst from FMI.
Market leaders of Vacuum Cooling Equipment in the global market are BVT, Bakery Services BV, Dekker Vacuum Technologies Inc, Dongguan COLD MAX Ltd, Dongguan Huaxian Technology Co Ltd.
North America now holds the largest market share, and this region is expected to continue to expand during the projection period. This can mostly be due to the region's growing population and rising disposable income levels. Furthermore, the region's Vacuum Cooling Equipment Market is expected to increase in the next years due to a favourable legal and regulatory environment.
Get Valuable Insights into Vacuum Cooling Equipment Market
FMI, in its new offering, provides an unbiased analysis of the Vacuum Cooling Equipment market presenting historical demand data (2017-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for vacuum cooling equipment market based on product type (vertical vacuum cooling equipment, horizontal vacuum cooling equipment) by cooling type (air cooled screw vacuum pump, water cooled screw vacuum pump), applications (bakery products, meat products, fruit and vegetables, others).
4.2. Current and Future Market Size Value (US$ Mn) & Volume (MT) Projections, 2023-2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
TOC continued..!
Top Reports Related To Process Automation Market Insights
Cheese Cutting Machine Market Size - Future Market Insights' research indicates that the global cheese cutting machine market would grow at a CAGR of 7.1% over the anticipated time frame. Forecasts indicate that the cheese cutting machine market is expected to rise from USD 12,782.0 Mn in 2023, to USD 25,380.1 Mn in 2033.
Commercial Cutlery Market Share - The commercial cutlery market size is anticipated to rise from US$ 12.4 Bn in 2023 and it is anticipated to surpass US$ 17.1 Bn by 2033. The demand for commercial cutlery is expected to increase at a CAGR of 3.3% during the forecast period.
Commercial Griddle Market Type - The global commercial griddle market is estimated to develop at a moderate CAGR of 4.7% during the forecast period. The present day value of this market is US$ 525.8 million in 2023.
Commercial Air Fryer Oven Market Outlook - The commercial air fryer oven market is anticipated to increase, from US$ 1,200 million in 2023 to US$ 2,273.8 million in 2033. According to FMI, the market is expected to expand at a CAGR of 6.6%.
Commercial Steamer Market Trends - The commercial steamer market size is anticipated to rise from US$ 1,243.8 Mn in 2023, and it is anticipated to surpass US$ 1,823.0 Mn by 2033. The demand for commercial steamers is anticipated to rise at a CAGR of 3.9% during the forecast period.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
