The vacuum cooling equipment market is expected to exceed US$ 1209.4 million in 2033, growing at a CAGR of 3.2% between 2023 and 2033, according to Future Market Insights (FMI).
The vacuum cooling equipment market is expected to grow in response to rising consumer demand for improved food safety, sustainability, and quality. According to FMI, the vacuum cooling equipment market has grown steadily over the last half-decade due to increased application in the meat industry. The current trend is expected to continue between 2023 and 2033.
Furthermore, the market for vacuum cooling equipment is expected to grow due to the adoption of fully automated technology and embedded sensor systems. Furthermore, increased machine efficiency, speed, and use of automated processing systems in the food service industry are expected to drive sales in the vacuum cooling equipment market.
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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.
Who is winning?
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).
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Vacuum Cooling Equipment Market by Category
By Product Type:
- Vertical Vacuum Cooling Equipment
- Horizontal Vacuum Cooling Equipment
By Cooling Type:
- Air Cooled Screw Vacuum Pump
- Water Cooled Screw Vacuum Pump
By Application:
- Bakery Products
- Meat Products
- Fruit and Vegetables
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
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.
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