Over the projection period, a CAGR of 5.6% is predicted for the commercial rotisserie oven market. By 2033, the market is projected to be worth US$ 32,777.48 million; as of 2023, the market is valued at US$ 19,008 million.
The market share of commercial rotisserie ovens is anticipated to grow during the projected period due to an increase in the consumption of processed pork and poultry meat due to their nutritional benefits. This is backed by the forecasted CAGRs of almost 4.2% for the pork meat market and nearly 7.7% for the processed poultry meat industry, both of which would undoubtedly have a beneficial effect on the market.
Additionally, due to the capacity of rotisserie ovens to provide uniform heat to the food, the expansion of the barbeque industry is anticipated to further spike the market share throughout the forecast period.
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The device has found a big number of buyers in the barbecue and associated industry since it may offer a hassle-free cooking experience thanks to the slow cooking procedure, which also gives the chef better control over the cooking process.
Another characteristic that has piqued the eye of potential investors is the ability to facilitate cooking for a substantial number of people. Because this commercial oven can heat several things at once, the cook can save a lot of time. One of the common concerns for chefs is still present.
Thus, based on the research conducted by FMI, it can be concluded that “A huge pork and processed poultry meat market, combined with the ability to prevent overcooking is expected to increase the sales of commercial rotisserie oven during the forecast period.”
Key Takeaways:
- The commercial rotisserie oven market is valued at US$ 19008 Mn as of 2023.
- By 2033, the market is expected to reach a valuation of US$ 32777.48 Mn.
- The market is expected to grow at a CAGR of 5.6% during the period 2023-2033.
- The US commercial rotisserie oven market is projected to be valued at US$ 6747.05 Mn by 2033, and is expected to grow at a CAGR of 4.9% during the forecast period.
- The UK market is valued at US$ 1121.47 Mn as on 2023, and is expected to grow at a CAGR of 4.4% during the forecast period.
- The China commercial rotisserie oven market is expected to hold a valuation of US$ 3686.24 Mn by 2033 and is projected to grow at a CAGR of 8.1% during the forecast period.
- The Japan market holds a valuation of US$ 1425.60 Mn as of 2023, and is projected to expand at a robust CAGR of 9.9% through 2033.
- The South Korean commercial rotisserie oven market is expected to grow at a CAGR of 11% through 2033, and by 2033, the market is expected to be valued at US$ 1133.41 Mn.
- By type, the gas rotisserie segment has the highest market share and is expected to grow at a CAGR of 4.9% during the forecast period.
- By application, the restaurants segment is expected to have the highest market share, and is expected to grow at a CAGR of 6.6% during the forecast period.
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Competitive Landscape
The key players operating in the market are looking at ways to increase their market share by developing top-level rotisseries and smokers that can deliver lip-smacking food under the unique conditions of each restaurant.
Some of the recent developments in the commercial rotisserie oven market are:
- In September 2022, John Perruccio was named Middleby Group President.
- In April 2022, Vollrath engineered the first-ever outdoor rated induction cooktop for Traeger’s New Timberline Grill.
Key Companies Profiled
- J and R Manufacturing LLC,
- ROLLER GRILL INTERNATIONAL SAS,
- Rotisol SA,
- The Middleby Corp.,
- The Vollrath Co. LLC,
- Dimark Commercial Pty. Ltd.
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